EPZ's Cerro Jumil

HRA Journal (05/06/2010)
"Esperanza Silver shares have been improving consistently for several months, with a couple of spikes on news thrown in. The revival is thanks to favorable results from a number of 100%-owned projects, particularly the Cerro Jumil project in Mexico.

EPZ released another large batch of drill results from Cerro Jumil, which included highlight holes 151 with 93 meters at 1.8 g/t gold, and 142 with 24 meters grading 2.04 g/t gold. All of the drilling this program [h]as been in the Calabazas area which is not included in the existing 1.08 Moz. resource. Obviously, the resource is going to increase and, [because] several of the good holes have been near surface, the economics of the resource could improve too. EPZ also announced early stage results from several projects in Peru it is advancing, most of them 100% owned. . .The market likes precious metals explorers with ounces in hand, and Esperanza has demonstrated the ability to add value to projects. We expect the renewed interest to continue though we suspect that the 'silver' in the company name makes the price more volatile, like the silver price itself. It remains a good target for accumulation on weakness as new results are awaited."

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