Silver America, Inc. (OTCBB: SILA) reported the Company’s acquisition of the Guadalupe Property silver and gold project in Zacatecas State, Mexico.

The press release is quoted as saying:

Mexico is currently the world’s second leading producer of silver, with an estimated 3,240 metric tons of production in 2008, and the country with the world’s fourth largest silver reserves at 37,000 metric tons according to the US Geological Survey (USGS).

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