SmallCapReview.com a leading site for news and information on small caps, penny stocks and microcaps is adding Silver America (OTCBB: SILA) to its list of stocks "On the Radar".
Silver America is a precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich silver and gold production potential.
The company primarily explores for silver and gold deposits. Its properties include Keeno Strike project, which is located in the Clark county, Nevada; and Guadalupe project that is located in Zacatecas State, Mexico.
SILA Investor Highlights
Announced the appointment of seasoned Mining
Engineer, Mark See, to the Company's growing management team in the role of VP
of Exploration. He was selected by The "Engineering News Record" as
one of the Top 25 Engineers in North America for his engineering innovations.
His tenure in the mining industry includes experience with major producers and
projects, including acting as Mine Manager for Rio Tinto ($94B NYSE-traded
producer of gold and silver), Projects Manager of the "Alberta Oil Sands
Projects" at Fort McMurray, COO of PetroTech Resources Inc, and Engineering
Intern with Gold Fields Ltd. ($8.9B NYSE-traded South Africa gold producer).
Reported that the initial field program at the Company's 698.91-acre Guadalupe Property in Zacatecas State, Mexico, has confirmed the project's significant potential by returning several high grade silver results. Highlight results from the program are: 1.00 g/t gold and 946.9 g/t silver over 1.1 m (including 1.83 g/t gold and 1,800.0 g/t silver over 0.5 m). 5.35 g/t gold and 1,189.0 g/t silver from a mineralized dump.
Announced the Company's acquisition of the Guadalupe
Property silver and gold project in Zacatecas State,
The property contains two historic mines and is located
in one of
The Guadalupe Property is currently processing 3 to 4 tonnes of ore per day from one of five known veins on the property at a depth of only 30 meters, and this is expected to continue until the Company has completed the purchase of the property at a maximum of 1,500 tonnes per year (~4 tonnes per day).
Mexico is currently the world's second leading producer
of silver, with an estimated 3,240 metric tons of production in 2008, and the
country with the world's fourth largest silver reserves at 37,000 metric tons
according to the
Among the many mines in the Goodsprings district that historically produced ore is the Yellow Pine mine some seven miles northwest of Silver America's property, which contained over 1.4 million ounces silver to make up two thirds of the entire district's silver production.
To learn more about SILA visit http://www.smallcapreview.com/sila.htm
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