Trading Symbol TSX: GGC
VANCOUVER, July 7 /CNW Telbec/ - Genco Resources Ltd. (TSX: GGC)
("Company", "Genco") is pleased to report that the Company remains on schedule
to complete its previously announced feasibility study in the third quarter of
2008. Genco CFO, Wayne Moorhouse, and Corporate Finance Department head,
Gordon Blankstein, are now focused on financing of the planned expanded
Genco President, Gregory K. Liller states "At La Guitarra we continue to
work with our partners at Kappes, Cassiday and Associates, in order to have
the feasibility study completed in the third quarter of this year. As of
July 1st we have added a third shift at the La Guitarra Mill, and during the
first three days of July the mill processed in excess of 320 tonnes per day.
Moving forward we anticipate operating the mill at or near its 340 tonne per
day design capacity. The increased mill feed comes from both development ore
and expanded areas of production developed over the past twelve months."
This news release contains certain forward-looking statements that
involve risks and uncertainties such as statements of the Company's plans,
objectives, strategies, expectations, and intentions. The words "may",
"would", "could", "will", "intend", "plan", "believe", "estimate", "expect"
and similar expressions, as they relate to the Company, or its management, are
intended to identify such forward-looking statements. Many factors could cause
the Company's actual results, performance or achievements to be materially
different from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements, including those
factors discussed below and in filings made with the Canadian securities
regulatory authorities. Should one or more of these risk factors or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated, believed,
estimated or expected. The Company does not intend, and does not assume any
obligation to update these forward-looking statements.
The Toronto Stock Exchange has not reviewed the contents of this release
and does not accept responsibility for the accuracy of the contents of
For further information:
For further information: James R. Anderson, Co-Chairman; Robert C.
Gardner, Co-Chairman; (604) 682-2205, email@example.com; Renmark Financial
Communications Inc.: Neil Murray-Lyon, firstname.lastname@example.org; Dan
Symons, email@example.com; (514) 939-3989, Fax: (514) 939-3717,