South American Gold and Copper Company Limited Announces Start of Drilling

- February 16th, 2011

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

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.

4 responses to “South American Gold and Copper Company Limited Announces Start of Drilling

  1. I have heard nothing from either candidate directly about nuclear power. This is largely outside of presidential politics, anyway, with exception of NRC appointments, for which Senate confirmation is required. Republicans tend to be pro-growth, pro-nuclear. I think Obama has the ‘world philosophy,’ which is anti-business, anti-growth, and in favor of phasing out nuclear power (Germany is following ‘world philosophy’ in this area). If Obama is reelected, nuclear power will have a harder road to follow. Under any circumstance, I suspect the loan guarantees offered Southern, then withdrawn, will go away with renewal of deficit reduction policies.

  2. I have heard nothing from either candidate directly about nuclear power. This is largely outside of presidential politics, anyway, with exception of NRC appointments, for which Senate confirmation is required. Republicans tend to be pro-growth, pro-nuclear. I think Obama has the ‘world philosophy,’ which is anti-business, anti-growth, and in favor of phasing out nuclear power (Germany is following ‘world philosophy’ in this area). If Obama is reelected, nuclear power will have a harder road to follow. Under any circumstance, I suspect the loan guarantees offered Southern, then withdrawn, will go away with renewal of deficit reduction policies.

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