Company Information for Genco Resources Ltd

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Company Statement

Genco Resources Ltd. is a publically traded profitable junior silver mining company. Genco's core assets are multiple mining sites including the La Guitarra Mine located in the companies wholly-owned Temascaltepec Mining District of central Mexico. This district is part of the Sierra Madre silver and gold Metallogenic Province that has historically produced some of the world's most exceptional mines. La Guitarra Mine produces precious metals from a classic epithermal vein system, part of a mineralized corridor which extends 15 kilometers in length and averages 4 kilometers in width, the corridor includes exceptionally high "bonanza" grades and multiple bulk tonnage targets.

Genco is committed to both enhancing shareholder value and fully reealizing the vast potential of the Temascaltepec Mining District to create one of the preimier Silver Mining Companies in the World.

Current Operations

Genco Resources has completed over 55,000 meters of exploration and infill drilling on its wholly owned Temascaltepec Mining District in Mexico. Upon the completion of this initial drill program the company embarked upon a second phase II drill program of 50,000 meters.

The Initial drilling program increased Reserves 57% and increased Resources-280%, an astonishing accomplishement. Results of the initial programs caused your Board of Directors to initiate a full feasability study for a Major Mine Expansion. Following conclusion of the study futher information will become available.

Current Objectives include:
1.Near Mine exploration and Development.
2.Continued Drilling to upgrade Resources to Reserves to more accurately determine mining methods and mine planning.
3.Acceleration of Underground Mine development to Increase Production-both to fully utilize the current mill capacity but augment and enhance the interim operations.
4.Establish new production centers to provide head-end ore.
5.Test Underground Bulk Mining Methods to Lower Mining Costs
6.Complete Feasibility Study.

Upon the completion of the feasability study additional information will become available. Through ownership of a vast land package consisting of 397 square kilometers, Genco controls the Temascaltecpec Mining District. This district is located in the Southeastern end of the Historic and prolific Sierra Madre Occidental Belt in Mexico. The district hosts well known, mineralized polymetalic low-sulphidation epithermal vein systems. The Silver-gold mineralization is hosted in veins which vary in width from less than one meter to over 25 meters. There are in excess of 100 veins identified on the property with four main vein trends: La Guitarra, Mina de Agua, Nazareno/El Colosso, and El Rincon. The main vein trends in addition to numerous vein occurances are distributed over a 15-kilometer-long by 4-kilometer-wide section. In this section only 5% of the known (100+) veins have been explored using modern methods.

Gold and silver mineralization in the Temascaltepec district was first discovered by Spanish miners in the mid 1500s and by the 18th century, the district was one of Mexico's largest silver producers. Historical reports indicate that Mina de Agua mine produced 10% of Mexico's mineral wealth while in production. The mine was know for bonaza-type grades, recorded at several kilograms of silver and several tens of grams of gold per tonne. 

Geographical Spread

The Temascaltepec Mining District and La Guitarra mine are located approximately 80kms south-west of Mexico City, Mexico.

Board of Directors and Key Management

Major Shareholders

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