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Dear Members,
Sometimes things just can't wait.
This past week we caught
wind of a news release that triggered an immediate interest from our staff
signaling us to, once again, change our schedule for Equedia Weekly.
But before we get into the details of our latest story,
another news release caught our attention.
The drilling has begun. Last week, we put out a very special edition on Trueclaim Exploration Inc. (TSX-V: TRM), our featured Gold company
of this year. It looks like their management has begun to make their moves as they
announced that diamond drilling has started on the 2,000 metre Phase 1 drill
program on their Scadding Gold Property.
The full interactive newsletter report on Trueclaim can be found by clicking HERE.
Not only that, Trueclaim Exploration Inc. (TSX-V: TRM) has
announced it has expanded its land holdings around their Scadding Gold Property by entering into an
option agreement to acquire a 100% working interest in four mineral claims
known as the Powerline Property located immediately south of the Scadding
property. The Company completed this acquisition following detailed analysis by
its geological team that felt that the structures within the Powerline property
contained similarities with those found within the Scadding claims. Previous non-NI43-101-compliant
analysis of surface samples on the Powerline property found anomalous gold
values that strongly suggest further evaluation is required.
You can read the full press release by clicking Here.
At Equedia, our stance remains firm on the fact that
precious metals are going through the roof. Last week, we gave you our featured gold company of the year and the reasons gold will continue its run.
Gold sprinted to yet another all time high this past
week.
But now we want to bring you a story that requires immediate
attention. You see, we love precious metal stocks. We love gold.
But we also
love silver...
During one of the greatest bull market runs for gold in the
late 70's when inflation hit 13%, annual gold prices climbed close to 70%. But
what many people fail to remember is that silver, what many call as the poor
man's gold, shot up an incredible 1100% to $50/ounce!
Right now, we're seeing history in the making.
Silver has already climbed more than 50% this year. If we
are expecting gold to rise, we should be doing the same for silver.
Analysts
are already calling for $30, $40, even $50 dollar silver. This leads us to the
story and news release that just cannot wait.
Over the last ten years, there has been one silver stock
that has outperformed every major indices. It crushed the NASDAQ by 11,500%. It
destroyed the Dow by over 12,000%. And it obliterated the S & P 500 by a
whopping 18,000%.
To put in short, a measly $1000 investment into this company
would have netted you $76,000. A $14,000 investment would have made you a
millionaire raking in just over $1 Million!
The story goes like this...
Many years ago, a small Canadian exploration company went
and purchased a group of abandoned silver mines. Like many companies hoping to
strike the big one, their hopes relied on succeeding where all previous owners
had failed. Just like the story of Goldcorp in our past newsletter, "The Gold Super Hero."
Over the last 14 years before the Canadian junior snatched
up this piece of property, it hadn't produced a single ounce. But as the drills turned, so did the fortunes
of this company and its investors. They uncovered over 195 million ounces of
silver reserves! If at first you don't succeed...
This company is Silver Standard Resources
(TSX:SSO)(NYSE:SSRI)
Because of their discovery, Silver Standard gave its
investors over 850% profits, year after year, for nine straight years!
But guess what? We're not here to talk about Silver
Standard.
We're here to talk about Silvermex Resources Ltd. (TSX-V: SMR)
Here's why.
We caught wind of a news
release that peaked our immediate attention and caused us to change our schedule, yet again. Last week as we
were announcing and preparing to feature Trueclaim Exploration (TSX-V: TRM),
Silvermex Resources Ltd. (TSX-V: SMR) put out this press release stating that they
have elected a few new directors:
Silvermex Resources Ltd. (TSX
VENTURE: SMR) announces that on November 4, 2009 it held its Annual and Special
Meeting wherein the following directors were elected to the board: Arturo
Bonillas, Bruce Bragagnolo, Duane Nelson, Joseph J. Ovsenek, Kenneth C. McNaughton
and Michael H. Callahan.
Doesn't sound interesting at first glance, I know. But take
a closer look.
Both Bruce and Arturo are the founders and CEO and
President, respectively, of Timmins Gold Corp. Timmins gold is focused solely on Mexico, where Silvermex operations reside. These two have taken Timmins' from their 52-week low of CDN$0.20 to over a $1 dollar this past Friday. That's a 500% increase.
Duane A. Nelson: Over 25 years of private and public sector
experience with a focus on early-stage projects.
Michael H. Callahan: Vice President, Corporate Development
of Hecla Mining Co., from 2002 to 2006. He served as President of Minera Hecla
Venezolana, a subsidiary of Hecla Mining Co and also as Vice President of Hecla
Mining Co. from 2006 to January 2009.
Hecla Mining currently has a market cap
of $1.27 billion.
But that's not the only thing that struck us.
Take a look at the other names.
Joe Ovsenek: Senior Vice President, Corporate Development of
Silver Standard Resources Inc.
Kenneth C. McNaughton: Vice President, Exploration for
Silver Standard Resources Inc since 1991.
With the new team in place, Silvermex certainly has our
attention.
Here is the full news release: Click Here
It looks like we're not the only ones. Over the past week since
the announcement of their new directors, Silvermex has quietly crept up from
just over CDN $0.26 to a close of $0.32 this past Friday.
Oh, and lets not forget that Silver Standard and insiders currently own a large chunk of shares in Silvermex. More than 20%...
Silvermex Resources is a silver exploration and development
company focused strictly in the foremost mining regions of Mexico. They're
developing silver resources at multiple projects and has global silver
resources totalling 42.7 million ounces.
Right now they trade at CDN$0.32 with a market cap of $15.7
million
In Q2 of this year, Silvermex completed an in house preliminary economic study
which supports the plan to advance their San Marcial (their flagship property) to
production. The Company is confident that San Marcial can achieve commercial
production in a 24 month time horizon with an annual production rate of 2.3
million ounces silver.
The recently announced option to acquire 100% of the Rosario
silver mine provides the necessary infrastructure to accelerate the advancement
to production at San Marcial.
Never have we featured two companies side-by-side, one week
after another. But this one just couldn't wait.
There you have it, two featured companies. One Gold. One
Silver.
Gold: Trueclaim Exploration Inc.. (TSX-V: TRM)
Silver: Silvermex Resources Ltd. (TSX-V: SMR)
Until next week,
Questions?
Call Us Toll Free: 1-888-EQUEDIA (378-3342)
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Silvermex Overview
Silvermex Resources Ltd. (TSXV-SMR) is a Canadian listed resource company focused on advancing economic silver resources to production. Silvermex's portfolio of advanced stage silver projects in Mexico hosts high-grade, near-surface, potentially bulkmineable
silver deposits. The company has an initial measured and indicated resource of 32.7 million ozs silver and inferred resources of 9.6 million ozs silver.
The company's flag ship project San Marcial, and the newly acquired past producing Rosario silver property, are located in Sinaloa state, 90 km east of Mazatlan. The San Marcial/Rosario project consists of just over 9,750 hectares with extensive facilities and infrastructure, tailings dam, water, power, offices, shops, a 60 man camp, warehouses and metallurgical lab, along with surface rights, underground workings and an extensive list of mill equipment and vehicles.
Silvermex is in a select and unique group of silver resource companies offering excellent leveraged exposure to silver within its 3 primary projects and the historic reserves at Rosario.
The company is poised to become a mid tier primary silver producer within 15 to 24 months. Capital costs for the San Marcial project are estimated at under $15 million with annual production projected at 2.3 million oz silver at a cost of under $7.00 per ounce.
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Corporate and Economic Highlights
Corporate Highlights- Emerging silver producer
- Best market capitalization value per oz silver ($0.21/oz)
- Best exposure per share to silverHigh grade, near-surface, bulk-mineable deposits
- Favorable preliminary economics
- Projected low capital expenditure costs
- Extensive infrastructure in place with surface rights
- Scoping and prefeasibility studies underway
- Insiders and Silver Standard Resources own 21%
Economic Highlights
The company conducted an In House Economic Assessment (IHEA) on the combined San Marcial and Rosario projects in early 2009. All studies and permits needed to advance the project to production are
currently underway. The following summarizes the IHEA:
- Production of 2.3 million ounces silver per annum.
- Cash cost of under US$7.00 per ounce silver.
- 800 ton per day operation.
- CAPEX of $15 million includes working capital
- Non-dilutive silver loan financing available.
- 5 year mine life, with potential to double.
- 1 year CAPEX payback.
- Study focused on 1.12 million grading grading 321 grams per tonne
- Production of silver doré on-site.
- Extensive infrastructure in place.
- Surface rights in-place at Rosario for 20 years.
- Well defined permitting path.
- US$15 million in annual free cash flows.
*The above data summarizes the results of an in-house preliminary economic study of the San Marcial silver project. The results are not NI 43-101 compliant. The data used in the calculations are based on preliminary resource modeling and metallurgical testing. This study represents a base case scenario of the current high-grade resources at San Marcial.
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Advanced Projects
San Marcial
The San Marcial project is located approx 90 kms east of Mazatlan, is a past producer with current initial indicated resources of 18 million ozs of silver and inferred resources of 4 million ozs silver. The resources are contained within wide structures withdrill intersection highlights including 54 m of 235 g/t silver and 104m of 105 g/t silver.
Each of these intersections is on or near surface. The deposit is open along strike over 1.8 km and at depth. Preliminary metallurgical testing demonstrates 83%+ recoveries.
Rosario
The Rosario property is located 5.6 km north of San Marcial. Grupo Mexico, the prior owner/operator, averaged 600 t/d for 14 years, processing a total of 2.5 million tonnes of ore averaging 190.5 grams per tonne (g/t) silver, 0.92 g/t gold, 2.02% zinc and 2.38% lead.
The Rosario project has historic reserves of 866,600 tonnes grading 185 g/t silver, 0.82 g/t gold, 3.5% zinc and 2.13% lead.
La Frazada
The La Frazada project, a past producer, is located in the state of Nayarit, Mexico approx 300 kms west of Guadalajara and 95 kms south of San Marcial. La Frazada has extensive underground workings with a current high grade measured mineral resource of 304,000 t grading 259.8 g/t silver, Indicated Mineral Resource of 279,000 t grading 240.5 g/t silver, and an Inferred Mineral Resource of 534,000 t grading 224.9 g/t silver. The resource is located near surface and is a potential bulk-mineable target. Recent metallurgical testing demonstrates 90% + recoveries.
Penasco Quemado
The Penasco Quemado is a 20,000 hectare project state of Sonora, Mexico. A past open-pit producer with a near surface current NI 43-101 measured and indicated resource of 10.05 million ozs silver. Recent metallurgical testing demonstrates 78% recoveries in 48 hours by 2 stage leach process. The deposit is located on surface and has a maximum depth of approximately 100 m. The near surface and oxidized nature of the mineralization suggest the deposit would have a low strip ratio and be amenable to low cost, bulk tonnage, open pit mining methods.
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Forward Looking Statements
This Newsletter and report contains forward-looking statements. Forward looking
statements are statements which relate to future events. In some cases,
you can identify forward-looking statements by terminology such as
"may", "should", "expects", "plans, "anticipates", believes",
"estimates", "predicts", "potential", or "continue or the negative of
these terms or other comparable terminology. These statements are only
predictions and involve known and unknown risks, uncertainties and
other factors that may cause our or our industry's actual results,
level of activity, performance or achievements to be materially
different from any future results, levels of activity, performance, or
achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions
upon which they are based, are made in good faith and reflect out
current judgment regarding the direction of our business, actual
results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future
performance suggests herein. Except as required by applicable law the companies in this report do not intend to update any forward-looking statements to
conform these statements to actual results.
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November 13, 2009
Drilling Underway on Scadding Gold Project and Trueclaim Exploration Inc. Options More Adjacent Mining Claims
November 10, 2009
Trueclaim Announces Appointment of President and CEO
November 5, 2009
Trueclaim Exploration Inc. Announces Non-Brokered Private Placement to Raise $1 Million for Exploration Program for Claims Recently Acquired Adjacent to its Scadding Gold Project
October 15, 2009
Trueclaim Exploration Inc. Signs Agreement to Acquire in Excess of 30,000 Acres Adjacent to Former Scadding Gold Mine
September 24, 2009
Trueclaim Enters Into an Agreement With First Canadian Securities (R)
September 15, 2009
Trueclaim Expands Land Holdings at the Scadding Gold Property
August 14, 2009
Trueclaim Exploration Inc. Closes $1.29 Million Financing
June 29, 2009
Trueclaim Exploration Inc. Announces Plans for 2009 Exploration and Drill Program for Scadding Gold Property and Non-Brokered Private Placement to Raise Up to $1.28 Million
May 8, 2009
Trueclaim Is Assigned an Option to Acquire Up to a 100% Interest in the Scadding Gold Property
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Disclaimer and Disclosure
Regarding Historical Data:
All resource estimates presented in this report for Trueclaim are
historical and were prepared before the introduction of National Instrument
43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
All resource estimates presented in this report for Silvermex are
43-101 compliant except for their Rosoria project, which are historical figures.
Historical resource estimates may not be relied upon until they are
confirmed using methods and standards that comply with those required by NI
43-101. The potential for the exploration target to replicate the historical
resource, or to reach the indicated range of tonnages, is conceptual and is
based on historical reports, which cite approximately lengths, widths, depths,
grades and projections of the historical resource. Readers are cautioned that a
qualified person has not completed sufficient exploration, test work or
examination of past work to define a resource that is currently compliant with NI
43-101 for historical resource estimates in the Trueclaim Reports. We further caution that there is a risk that exploration and
test work will not result in the delineation of such a currently compliant
resource. Neither Trueclaim nor its personnel treat the historical resource
estimate or the historical data as defining a current mineral resource, as defined
under NI 43-101, nor do they rely upon the estimate or the data for evaluation
purposes; however, these data are considered relevant and will be used to guide
exploration as the Company develops new data to support a current
mineral/resource estimate in accordance with the requirements of NI 43-101.
For more information on Trueclaim Exploration or Silvermex Resources, investors should review the Company's
registered filings that are available at www,sedar.com.
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Equedia Network Corporation., owner of Equedia.com
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