Silver Mine in Mexico Reports Exceptional Find!

I do not know how many of the silver investors that follow this blog invest in physical silver, paper silver, silver ETF's or silver mine stocks.  Maybe I should put up a poll.  Anyhow, Today Pan Am Silver, stock symbol PAAS, reported 'exceptional' exploration results at its La Colorada mine in the State of Zacatecas, Mexico.  PAAS closed yesterday at $25.33 a share.  Pan Am provided an update on its continuing underground exploration drilling program at the La Colorada mine.  In 2009,  a major vertical extension of the NC2 vein was discovered, which is a primary source of sulphide ore production at the mine. Furthermore, they also discovered the NC3 vein and several high grade mantos (Even though I am a biologist by training I had to look manto up). A manto is a body of ore occurring in flat-lying depositional layers.

Silver grades within the new NC2 vein average over 600 g/t with the highest grade intersect yielding more than 2,000 g/t Ag over 6.65 meters. Silver grades in two of the newly discovered mantos of the NC3 structure were even higher at 3,900 g/t Ag and 4,500 g/t Ag, respectively.
 
Generally, I invest in physical silver and trade a silver ETF (SIVR).  I shy away from paper silver, but I will save my investment strategies for another post; however, I will look into this mine stock.  Remember to always do your due dilligence.  Do not buy a stock based on mine or anyone elses advice.