GoldMinerPulse.com -- Silvermex Resources Ltd.:  (NI) 43-101 Metal Valuation Report

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Silvermex Resources Ltd. (SMR)

Company Web Site: www.silvermexresources.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-09-03. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-09.

External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-09

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilverCopperLeadZinc
    San MarcialMX$8.16074%26%     22.39 M oz         22.44 K t    26.57 K t    
    La FrazadaMX$4.10053%47%6.24 K oz    8.55 M oz    1.06 K t    9.99 K t    28.20 K t    
    Penasco QuemadoMX$2.720100%0     9.63 M oz                   
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-09
Metric / MetalGoldSilverCopperLeadZinc
    Metal Totals6.24 K oz    40.57 M oz    1.06 K t    32.43 K t    54.78 K t    
    Metal Prices in US$ (from 2010-03-09)$1,120.10 per oz    $17.27 per oz    $3.38830 per lb    $1.00590 per lb    $1.05740 per lb    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$0.11    $11.47    $0.13    $1.18    $2.09    
    Percentage of Total Metal Value0.76%    76.56%    0.86%    7.86%    13.95%    
    PP% | MI% | I%0 | 51% | 49%    0 | 80% | 20%    0 | 51% | 49%    0 | 57% | 43%    0 | 46% | 54%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-09
    Metal Value per Share (MVpSh)   US$14.98
    Average Ore Value per Tonne   US$87.05
    Metal Value Leverage (MVL)    34.54
    Market Capitalization as % of Metal Value   2.9%
    Recent Stock Price   C$0.445   (TSX/TSXV close on 2010-03-09.)
  Conversion rate used: 1 Cnd$ = 0.974456 US$ )
    Fully Diluted Share Count   61.10 M    ( Fully diluted share count taken from Silvermex Resources, Share Structure web page viewed September 2009. )
    PP% | MI% | I%   0 | 73% | 27%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade   0.174 g/t
    Market Capitalization
    per oz of Gold In Ground
   $4,246.55   US$  |   4,357.87   C$
    Gold Eq Oz Estimate   817.08 K oz   ( 6.24 K oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent
   $32.43   US$  |   33.28   C$
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade   120 g/t
    Market Capitalization
    per oz of Silver In Ground
   $0.65   US$  |   0.67   C$
    Silver Eq Oz Estimate   52.99 M oz   ( 40.57 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent
   $0.50   US$  |   0.51   C$
 
See terms for more about GoldMinerPulse metrics.

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Silvermex Resources Ltd. is complete pending a final internal review.


La Frazada    -  ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT AND PRELIMINARY MINERAL RESOURCE ESTIMATE FOR THE LA FRAZADA SILVER PROPERTY EL ZOPILOTE MINING DISTRICT NAYARIT, MEXICO
Date: 2009-01-19 (105 pages)

Updates: See La Frazada web page viewed September 2009.

Project Location: Nayarit, Mexico  /  Mining Region: Sierra Madre Occidental

Map View: View the La Frazada project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.06    3.18 K oz     0.170 g/t     582.70 K t    
   Silver$1.33    4.69 M oz     250.500 g/t     582.70 K t    
   Copper$0.07    0.54 K t       920.000 g/t     582.70 K t    
   Lead$0.18    5.06 K t       8,690.000 g/t     582.70 K t    
   Zinc$0.54    14.22 K t       24,400.000 g/t     582.70 K t    
Estimate notes: See Table 17.1 Final (Rounded) Measured, Indicated and Inferred Mineral Resources on La Frazada Property (60 g/t Silver Cut-Off) (Based on data available as of October 6, 2008) on p. 90 of 105 in the NI 43-101 dated January 2009.
60 g/t Silver Cut-Off
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.06    3.05 K oz     0.178 g/t     533.70 K t    
   Silver$1.09    3.86 M oz     224.900 g/t     533.70 K t    
   Copper$0.06    0.52 K t       980.000 g/t     533.70 K t    
   Lead$0.18    4.93 K t       9,230.000 g/t     533.70 K t    
   Zinc$0.53    13.98 K t       26,200.000 g/t     533.70 K t    
Estimate notes: See Measured + Indicated notes.
cutOffNotes


Penasco Quemado    -  ^top^

(NI) 43-101 Report:

Title: UPDATED NI 43-101 TECHNICAL REPORT AND RESOURCE ESTIMATE FOR THE PEŅASCO QUEMADO SILVER PROPERTY MAGDALENA - TUBUTAMA MINING DISTRICT SONORA, MEXICO
Date: 2006-03-09 (160 pages)

Project Location: Sonora, Mexico  /  Mining Region: Sierra Madre Occidental

Map View: View the Penasco Quemado silver property on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$2.72    9.63 M oz     116.800 g/t     2.57 M t    
Estimate notes: See Table 1.1 Mineral Resource Estimate for the Peņasco Quemado Project (30 g/t Silver Cut-off Grade) on p. 13 of 160 in the NI 43-101 dated March 2006.
30 g/t Silver cut-off grade
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$0.00    1.33 K oz     41.400 g/t     1.00 K t    
Estimate notes: See Measured + Indicated notes.


San Marcial    -  ^top^

(NI) 43-101 Report:

Title: UPDATED NI 43-101 TECHNICAL REPORT FOR THE SAN MARCIAL PROPERTY LA RASTRA MINING DISTRICT SINALOA, MEXICO
Date: 2008-11-05 (112 pages)

Project Location: Sonora, Mexico  /  Mining Region: Simaloa Madre Occidental

Map View: View the Rosario mill and the mountain road to the approximate location of the San Marcial mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$5.09    18.02 M oz     149.200 g/t     3.76 M t    
   Lead$0.49    13.52 K t       3,600.000 g/t     3.76 M t    
   Zinc$0.42    10.89 K t       2,900.000 g/t     3.76 M t    
Estimate notes: See Table 17.4 Indicated and Inferred Mineral Resources on San Marcial Property (30 g/t Silver Cut-Off), as at October 1, 2008. on p. 98 of 112 in the NI 43-101 dated November 2008.
30 g/t Silver cut-off grade
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$1.24    4.37 M oz     44.210 g/t     3.08 M t    
   Lead$0.32    8.92 K t       2,900.000 g/t     3.08 M t    
   Zinc$0.60    15.68 K t       5,100.000 g/t     3.08 M t    
Estimate notes: See Indicated notes.
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
Estimate notes:
30 g/t Silver cut-off grade

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