Trading Symbol (TSX): GGC
VANCOUVER, Sept. 29 /CNW Telbec/ - Genco Resources Ltd. (TSX-GGC)
announced today that its independent mining consultant, Kappes Cassidy &
Associates of Reno, Nevada, is nearing completion of the feasibility study
respecting expansion of Genco's La Guitarra Mine. The study is now anticipated
to be completed and announced in mid-October.
In anticipation of receipt of the finished study, Genco continues to
explore several financial relationships it has developed this year with a view
to funding the expansion. In light of current financial conditions, Genco is
also engaged in discussions with financial advisors regarding all strategic
James R. Anderson and Robert C. Gardner, Co-chairmen, stated "We believe
that the Board's and management's significant ownership stake gives Genco the
strength to implement the optimal course, and maximize shareholder value,
during these unsettled economic times."
Genco is a primary silver producer in Mexico, whose core assets are
multiple mining sites, including La Guitarra Mine complex located in its
wholly-owned Temascaltepec Mining District of central Mexico.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Jada Soomer, Manager, Corporate Communications,
(604) 682-2205, firstname.lastname@example.org, www.gencoresources.com; Renmark Financial
Communications Inc.: Neil Murray-Lyon: email@example.com; Dan
Symons: firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717,