The Conversation (0)
South American Silver Corp.(TSX:SAC) is expecting its first independent NI 43-101 compliant resource estimate by the end of 2011. These results will coincide with the commencement of the Phase II exploration program at Escalones.
As quoted in the press release:
As quoted in the press release:
The exploration program will include up to 7,000 meters of initial drilling, including both step-out testing of the known mineralized zones and testing new targets based on geochemistry and geophysics including the potential to define a large porphyry copper-gold deposit.
South American Silver Corp., President & CEO, Greg Johnson, said:
“The team at South American Silver is very excited to be advancing the Escalones project in the world-class central Chilean copper porphyry belt to the resource definition stage. Though earlier stage than our more advanced Malku Khota silver-indium project, we believe that the grades and significant widths of copper, gold and silver reported at Escalones indicate the presence of a strong mineralizing system that will add significant additional value for our shareholders. The location and scale of the Escalones project with its proximity and similarity to the geologic environment at El Teniente, the world’s largest underground copper mine, suggest the potential for a major copper-gold-silver deposit. We look forward to reporting the first resource estimate for Escalones later this month based on the surface channel sampling and 30 holes drilled to date. We are equally excited about the upcoming phase II drill campaign and the expansion potential of the project that is open in all directions.”
Click here to read the South American Silver Corp. (TSX:SAC) press release
Click here to see the South American Silver Corp. (TSX:SAC) profile.