Corp Pres PDAC Mar 10
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Corp Pres PDAC Mar 10

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Genco\'s PowerPoint presentation, which provides more detail about the Company\'s projects, upcoming plans and share structure.

Genco\'s PowerPoint presentation, which provides more detail about the Company\'s projects, upcoming plans and share structure.

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Corp Pres PDAC Mar 10 Corp Pres PDAC Mar 10 Presentation Transcript

  • GENCO RESOURCES LTD. TSX: GGC Corporate Presentation March 2010 PDAC
  • Legal Disclaimer No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained on this presentation. This presentation includes certain “forward‐looking statements”. All statements other than statements of historical fact included on this presentation including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Genco Resources Ltd., are forward‐looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Genco’s expectations include, among others, risks related to operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of silver and gold. Although Genco has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Genco does not assume any obligation to update forward looking information if situations, results, management opinions or beliefs change. NI 43‐101 Disclosure Technical information contained in this presentation regarding Genco’s La Guitarra Mine has been prepared by or under the supervision of the Company’s independent mining consultant, Glenn Clark, P. Geol. (a ‘qualified person’ for the purpose of National Instrument 43‐101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“NI 43‐101”). He has verified the data comprising such technical information, including sampling, analytical and test data underlying the information or opinions contained therein. Certain information in this presentation has been taken from Technical Reports prepared by Genco’s independent mining consultant. The reports have been filed with various Canadian securities commissions on SEDAR under NI 43‐101. The complete reports can be found in Genco’s filings at www.sedar.com. The Technical Reports are intended to be read as a whole and sections should not be read or relied upon out of context. The reports contain the expression of the professional opinions of the authors, based upon information available at the time of preparation. Any reliance on the Technical Reports by any third party shall be entirely at their own risk. Genco takes no responsibility and accepts no liability whatsoever for any loss arising from any use of or reliance on the Technical Reports by other parties. The Technical Reports are based, in part, upon information believed to be reliable from data supplied by Genco and other consultants engaged by Genco. Such information has been reviewed, verified (including sampling, analytical and test data) by Genco’s ‘qualified person’ or by such independent consultants.
  • Mission Statement Genco aims to create solid shareholder value through  increased production & reserve and resource growth.
  • What Sets Genco Apart? Silver/Gold Producer Feasibility Study  ‐ Completed Dec. 2009 10x  La Guitarra Mine Expansion 47.3 M oz eAg Proven & Probable Reserves 8.7 M oz eAg Measured & Indicated Resources 144.3M oz eAg Inferred Resources Excellent Potential for Discovery of Additional  Reserves & Resources on Existing Land Package
  • World‐Class Exploration Property La Guitarra Mine is located in the  Temascaltepec Mining District
  • La Guitarra Production Centre
  • Genco’s Land Position Genco’s mineral concessions cover 39,714 hectares
  • La Guitarra Mill & Mine Modern, Trackless Equipment with Ramp Access  320 t/d Flotation Mill for Ag/Au Concentrate Over 85,000 m Drilling Completed since 2006
  • La Guitarra Infrastructure Access Paved roads within 2km of plant site Toluca International Airport ~ 80km (major commercial & industrial hub) Mexico City ~ 120km Power Mexican Federal Power Commission (connected to national grid) Urban Temascaltepec ~ 10 minutes drive Public services: schools, hospital Emergency services: fire, police Water Readily available at existing plant site  & all planned areas of expansion
  • La Guitarra  Development Targets New Underground Reserve Drilling
  • NI 43‐101  Reserves & Resources Summary of La Guitarra and Temascaltepec Silver/Gold Mining District Reserves & Resources Underground & Surface Reserves tonnes Category Ag g/t Au g/t oz eAg (,000) Total Underground Reserves 2,185 209 1.46 20,409,000 Total Surface Reserves 6,824 81 0.75 26,930,000 Total Reserves 9,009 113 0.93 47,339,000 La Guitarra Open Pit Resources - 45 g/t eAg Cut-off Total Measured + Indicated (exclusive of Reserves) 2,156 79 0.82 8,656,000 Inferred 2,683 75 1.00 11,257,000 Underground Inferred Resources Total Underground Inferred 10,000 305 1.95 133,103,000 Total Inferred 12,683 256 1.75 144,360,000 Notes: 1) The Qualified Persons under NI 43‐101 who have prepared this R&R estimate are  Glenn R. Clark, P. Eng. & John Thornton, SAIMM. 2)      For further information, please refer to Genco’s News Releases dated Dec. 16, 2009 and Jan. 29, 2010 and/or NI 43‐101 Independent Technical Report dated Jan. 29, 2010 (www.sedar.com)
  • Recognizing the Potential of the  Temascaltepec Mining District
  • Existing & Proposed  Production Centres Coloso Mina de Agua Santa Ana
  • Proposed La Guitarra Creston Open Pit Layout
  • Genco’s Plans for Expansion La Guitarra Mill & Mine La Guitarra Mine Plan Complete Develop Additional Working Areas for  Increased Underground Production Temascaltepec District:  Coloso, Nazareno & Mina de Agua 3 New Production Centres Mine & Development Plans Complete Permitting & Access Permitting has been initiated with State &  Federal Authorities Environmental Impact Study Underway Ongoing Negotiations for Surface Rights
  • Genco’s Objectives for 2010 Re‐start Production Q2 Secure Surface Rights for Expansion Permits for Expansion Assemble Project Financing for New Mill        & Mine Expansion Initiate Development of Near‐Surface Deposit Accelerate Underground Development for  Future Expanded Production
  • Share Structure  Current as of March 5, 2010 Issued Shares 89,516,626 Issued Warrants & Options 37,210,587 Outstanding Options CAD $0.40 ‐ $4.00  3,897,582 Outstanding Warrants CAD $0.35 ‐ $.045 33,313,005 Insider Holdings 21,490,000 Price – March 5, 2010 CAD $0.44 52 Week High/Low CAD $0.83/$0.22 Market Cap CAD $39M TSX: GGC Frankfurt: GSB
  • Corporate Directory Corporate Management Board of Directors  Leslie D. Goodman – Acting CEO Richard W. Hughes (Chairman) Wayne R. Moorhouse – CFO &  James R. Anderson Corporate Secretary Robert C. Gardner Leslie D. Goodman Charles E. Schroeder Brian R. D. Smith Lyle R. Weismantel
  • Corporate Head Office Genco Resources Ltd. Suite 550 – 999 W. Hastings Street Vancouver, BC Canada V6C 2W2 T (604) 682‐2205 F (604) 682‐2235 www.gencoresources.com info@gencoresources.com
  • Thank You!