South American Gold and Copper Company Limited Announces Start of Drilling

South American Gold and Copper Company Limited (TSX: SAG) reported that it has started to drill its porphyry copper deposit at Pimenton.

The press release is quoted as saying:

Drill hole PP No. 1 will be drilled to a depth of approximately 600 meters and located 200 meters to the north of PM-DD-004 which was drilled by Rio Tinto to a total depth of 681 meters and encountered 279 meters of 0.4% copper and 0.43 grams per ton of gold.

PP No. 1 will be the second hole drilled by the Company utilizing its newly acquired diamond drill rig which is rated to drill to a total depth of 1,500 meters.

Click here to access the entire press release.