Esperanza Resources Corp. (TSX Venture: EPZ) is a Canadian mineral exploration Company focused on advancing the development of its 100%-owned Cerro Jumil silver/gold project in Morelos State, Mexico, and its 28%-owned Strieborná silver/copper/antimony project in Roznava, Slovakia.

In September 2011, a Preliminary Economic Assessment (PEA) was published for Cerro Jumil. Based on a resource estimate of 935,000 gold equivalent ounces in the measured and indicated categories, and 252,000 gold equivalent ounces in the inferred category, the PEA describes the property as a typical open pit, heap leachable project with an estimated average production of 106,000 ounces of gold per year, which can be mined at $499 per ounce. Making it a technically straight-forward and economically viable project with a Net Present Value of $309 million at a gold price of $1,700/oz. Moreover, the resource estimate will most likely be increased as first analytic results from an ongoing 15,000 metres drill program show additional mineralized veins between 1.00 and 3.85 grams of gold per tonne.

With $23 million in its treasury, Esperanza is sufficiently funded to continue the development of its properties and to bring Cerro Jumil into full feasibility in the course of 2012 with the ultimate goal of advancing the property to production.

Since Esperanza’s startup in 2002 its geologists have discovered two major gold projects: Cerro Jumil in Mexico and San Luis in Peru, which was sold earlier this year. Additionally, since 2010 Esperanza acquired an approximate 28% interest in Global Minerals Ltd. (CTG: TSX), which is 100% owner of the Strieborná silver/copper project in Roznava, Slovakia.

Cerro Jumil is a 15,025 hectares silver/gold property located in the State of Morelos, Mexico, about 80 kilometres south of Mexico City. The property is easily accessible year round and is nearby excellent infrastructure. It’s primarily delineated in three gold dominant zones, the Southeast Zone, Las Calabazas Zone and the West Zone. Gold associated silver mineralization is mainly concentrated in the West and Las Calabazas Zones.

The Strieborná property is 100% owned by Global Minerals Ltd. (CTG: TSX), which in its turn is 28% owned by Esperanza Resources. In April 2008, an NI 43-101 technical report was published on Strieborná that includes 1.9 million tonnes in the Measured and Indicated category grading 231.7 g/t silver, 1.1% copper, and 0.7% antimony and 1.5 million tonnes in the Inferred category grading 180.0 g/t silver, 0.9% copper and 0.7% antimony. Right now, the property is being prepared for underground drilling to expand the resource.