subject: Positive Results From Sila's Guadalupe Property - Pennytobuck [print this page] Gold American Mining Corporation (SILA.OB) is a precious metals exploration company focused on the aggressive, reports additional positive results from its Guadalupe property, located in the heart of the Fresnillo (Proao) district, Zacatecas, Mexico.
The fieldwork from SILA continues to identify additional veins within the property. To date nine veins have been mapped within the Guadalupe property. In certain locations the width of sampling was limited by the size of the workings and as such the true width of mineralization remains unknown.
Several previously unknown historic shafts were also identified within the property. It is apparent to SILA that these shafts were sunk along strike from other workings as there are often no outcrops in the vicinity of the shafts. In these situations the mineralized dumps near those workings were sampled.
The Guadalupe property contains two historically significant mines and is located in one of Mexico's oldest mining districts, roughly 5 miles north of the Fresnillo (Proao) Mine, the world's richest underground silver mine, operated by Fresnillo plc. The silver mine is roughly 6.8 miles to the southwest of Silver America's Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corporation (MAG) and Fresnillo plc, which is known as one of the world's highest grade undeveloped silver resources.
This Guadalupe property contains greater than 20 known workings as well as two historic mines -- Santa Rita and San Antonio. Historic records containing references to the Santa Rita and San Antonio mines suggest that both mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980s.
Gold American Mining Corporation is a publicly traded precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information SILA and its projects, visit Gold American's website at www.gold-american.com.
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