RE: News Release? The Mine Development Associates inital report is posted on https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00012585
See "technical report (NI 43-101)" its a few hundred pages I read most of it last night with these highlights
Oz's of Ag
measured Indicated M&IInfered
Nuesta 990000 6295000 7385000 5793000
Sa Rafael 6211000 27205000 33416000 1274000
El Cajon 000,000 9101000 9101000 2429000
Totals 7,201,000 42,601,00 49,902,000 9,496,000
M&I Silver Oz
49,902,000 oz Ag in M&I based on $24 silver vs. 54,500,000 based on $16 silver (last reserve update Oct. 2010)
As at June 30, 2012 the Company had $25.9 million in its treasury and is well positioned to continue exploration and development of its projects within the Cosalá and Parral districts.
Recovered silver equivalent ounces of 606,786 ounces in Q2 2012 decreased 2% from 620,356 ounces in Q1 2012
1,227,142 EqOz. to date ....goal for 2012 was 2.6mil (not far off the half way mark)
606,685 oz Ag to date goal was 1,400,000 could be short about 150,000 to 200,000 oz
Have drilled 4717 meters from Dec-April to sure up Nuesta ($1,100,000 spent)