Pan American Goldfields is a precious metals mining and exploration company. Its focus is the production of gold and silver and the development and expansion of its Cieneguita mine in Mexico's booming Sierra Madre gold-silver belt. The Cieneguita deposit contains a NI 43-101 compliant resource of 1.1 million Measured and Indicated gold equivalent ounces. This resource contains 20,087,000 Measured and Indicated tonnes grading 0.74 g/t gold and 51.8 g/t sliver and 453,000 Inferred tonnes grading 0.99 g/t gold and 34.2 g/t silver. M3 Engineering of Tucson is managing a PEA for a larger operation which is expected to be completed Q1, 2013. A feasibility study is planned to commence immediately following the PEA.On behalf of the Board of Directors,
Pan American Goldfields Ltd. Responds To Litigation
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