Pan American Goldfields Ltd. Reports on Results of a Preliminary Economic Assessment for the Cieneguita Gold-Silver Project, Mexico
Pan American Goldfields Ltd. is pleased to announce the results of a Preliminary Economic Assessment on its 80% owned Cieneguita gold-silver project located in Chihuahua State, Mexico. The PEA was prepared by M3 Engineering and Technology Corporation and utilizes a resource model developed by Independent Mining Consultants, Inc., both based in Tucson Arizona. The PEA confirms that the Cieneguita project represents an exceptional opportunity to develop a highly economic, relatively low-cost mine in the prolific Sierra Madre gold and silver belt in Mexico. The complete PEA will be filed at SEDAR within 45 days. All costs are in US Dollars.