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South American Silver Corp. (TSX:SAC,OTCQX:SOHAF) filed a NI 43-101 Technical Report with an updated resource estimate for its Escalones copper-gold-silver project in Chile. Highlights include a significant increase in pounds of copper and molybdenum and ounces of gold above assumed economic cut-off of 0.25% copper equivalent (CuEq*), compared to the initial resource dated December 19, 2011.
As quoted in the press release:
Highlights:
- A significant increase in pounds of copper and molybdenum and ounces of gold above assumed economic cut-off of 0.25% copper equivalent (CuEq*), compared to the initial resource dated December 19, 2011.
- Upgrading of approximately a third of the resource to Indicated from Inferred.
- The updated resource dated 28 June, 2013 includes:
- Indicated resource of 1.9 billion pounds CuEq* at a CuEq* grade of 0.38% (see table 1 below).
- Inferred resource of 4.7 billion pounds CuEq* at a CuEq* grade of 0.40% (see table 2 below).
- The deposit includes a higher grade portion particularly within the skarn using a 0.35% CuEq* cut-off (See details in table 3 and 4 below):
- Indicated resource of 235 million pounds CuEq* at a CuEq grade of 0.65%
- Inferred resource of 2.0 billion pounds CuEq* at a CuEq grade of 0.58%
Click here to read the South American Silver Corp. (TSX:SAC,OTCQX:SOHAF) press release
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