About Pan American Goldfields
A growth story in the midst of a gold rush.
Since the Mexican government enacted laws friendly to foreign mining companies a decade ago, the Sierra Nevada  gold belt has experienced an exploration and production boom resulting in gold production increasing from essentially zero to over 1 million ounces in 2009.  In 2010 production is expected to exceed 2 million ounces gold equivalent.  Many of these discoveries  have occurred adjacent to former high grade gold workings which had been abandoned following Mexico’s revolution in 1910.
Pan American is a company which specializes in this region. Its Chairman Mario Ayub was President of the Mexico’s association of Mining companies and has already discovered and developed 8 mines in the area. Pan American’s President, George Young was the co-founder of International Resource Corp. and Mexican success story Mag Silver Corp..
The appointment of Messrs’ Ayub and Young was part of the Pan American Goldfields corporate reorganization in 2009 when the company called itself Mexoro Minerals.  As a next step in its evolution, Pan American has applied and expects in the coming weeks to be listed on the Toronto Venture Exchange.
As a company ideally positioned in the midst of the Sierra Nevada gold boom, it is poised to experience substantial growth over the coming years from increased gold production and an expected expansion of reserves at its Cieneguita mine.  Further potential for growth can also be expected from the exploration and development of its other projects that are within the Sierra  Nevada gold belt.
One project which will also be the focus of the luncheon is the Sahyuacan.  It contains what was prior to Mexico’s revolution, one of the area’s highest grade producers, but has not been explored or developed since then. Pan American is involved in a third round of drilling at the Sahyuacan and we look forward to reporting our progress at the luncheon.
Pan American is well capitalized and generating cash flow from gold production at Cienequita. The purpose of the luncheon is to introduce it to investors and fund managers prior to its TSE  listing. Mr. George Young will be presenting Pan American’s story at the luncheon and would be very pleased if you could attend.