Silverton Metals Corp. announce that it has engaged Micon International Limited to prepare a current mineral resource estimate on the silver-focused Peñasco Quemado Property. A 2006 drilling program outlined a historical measured and indicated resource of 2.57 million tonnes at a grade of 117 g/t Ag for a silver resource of 9.63 million ounces. The silver mineralization is associated with manganese oxides in a near surface shallow westerly dipping zone of polymictic conglomerate in the northern part of the deposit and
in stockwork quartz and manganese oxides in a rhyolite dome in the southern part of the deposit. The mineralization has been traced along a 2 km strike length and drilling to date has been relatively shallow, less than 100m deep, mainly focused on the silver-bearing conglomerate. The Company also announces that due to the perspectivity of its existing silver focused properties, Peñasco Quemada and La Frazada, and its lithium focused Peny Property it has elected to relinquish the Pluton Property. This will permit the Company to focus its financial resources on its core silver and
lithium properties.