~ ASHER ~

[mick]

part five/address/ ASHER FUNDER/ SAGD SAGDD South American Gold Corp. 24,829 2 days ago Mining/Resources
http://investorshub.advfn.com/boards/getboards.aspx?searchstr=SAGD
I USE TO MOD THERE

original stuff/
Wednesday, 04/17/13 02:14:59 PM
93mil float / 123mil.o/s sagd

then dilution to '~ ASHER ~ '

http://investorshub.advfn.com/South-American-Gold-Corp-SAGDD-20981/

it looks to me RAY exceo was all all all fluff

used uese used shareholders to line his pockets/

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84764795

excerpt fluff
re;
Lease with Option to Purchase Baltimore Silver Mine

On August 6, 2012, the Company entered into a binding Memorandum of Understanding (the "Agreement") with Western Continental, Inc. ("Western") to lease with option to purchase three patented mining claims ( the "Baltimore Silver Mine") subject to a definitive agreement to be signed within ninety days, with an effective lease date of August 6, 2012. Our Current Report on Form 8-K, filed August 9, 2012, provided property information and is incorporated herein by reference.

Western, and the Company have agreed to a Definitive Agreement ("the Agreement") to Lease with Option to Purchase the Baltimore Silver Mine. The Company effected the agreement September 5, 2012 .The lease will be for a term of ten years beginning August 2, 2012, and may be extended for an additional 15 years with a payment of $100,00) at any time.

During the term of this lease the Company will be responsible for the payment of any property taxes, indemnify Western for any and all activities the Company conducts on the property, and secure all required permits and operating licenses for the Company activities on the property.

The lease payment will be $10,000 per year in cash payments, which may be paid in restricted stock as the Company's option provided such restricted stock has a market bid price in excess of $20,000 for the 20 days average bid price for the stock prior to payment, and a quarterly cash payment of $500 per quarter. Payment will be on July 31st of each year beginning in 2013.


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The Company will pay a production royalty on all minerals mined from the property in the form of a Net Smelter Return to Western of three percent (3%). The Company will have for the term of the Agreement an option to purchase the property free and clear of any lien or encumbrance in the amount of $500,000 at which time the lease would terminate and no royalty would be due afterwards from the property.

Should the Company cause to be issued a property report meeting standard industry guidelines indicating probable or proven reserves in excess of two million ounces of silver on the property, Western shall receive an additional $30,000 in cash or restricted shares valued as described above, within 30 days of publication of such report. The Company has issued 10,000,000 shares of its restricted common stock to Western. The Company will also pay $25,000 in cash or restricted stock, valued at the ten day average bid price for the stock, between January 1, 2013 and July 1, 2013.

Description of Property

Land Status

The property consists of three patented mining claims covering approximately 60 acres.

Name of Claim Mineral Survey #
Last Hope 9689
Baltimore 1540
Mona 9689

The Company has also staked two unpatented claims as part of the project, thus the project as a whole contains approximately 100 acres.

Location

The Baltimore Mine property is located in Jefferson County, Montana, approximately twenty-two miles northeast of Butte, MT and four miles northwest of Boulder, MT. Coordinates are Section 7, Township 6 N, Range 4W,Jefferson County, Montana. The Company is collating information and preparing general maps on the project.

Access

Access is generally from Boulder, Montana by four miles of unimproved county road thence along the Boomerang Creek Road.

Climate and Physiography

The climate is relatively temperate allowing work generally all year around. The mine is on the eastern slope area of Sugarloaf Mountain, with ridges one thousand feet above the main valley. Elevations on the property range from 6,250 feet on ridge top to 5,800 feet above sea level near the Baltimore Mine. Vegetation consists of mostly sage but stands of conifers are common on the north slopes.

Local Resources

There are sufficient local resources for general material and supplies, and general labor. Electric power lines are within a mile of the property and water supply appears adequate for the property, though an assessment will be required for water supply for expanded drilling programs and future potential milling requirements.

Geology

The geology of the area is dominated by the monzonites of the Butte Batholith intruding into the older Elkhorn volcanics, consisting of green-gray welded tuffs and schists. East-westerly striking pyrite-galena bearing quartz veins have been deposited along or near to fault or shear zones with some sericitic alteration. The Baltimore shear or alteration zone can be over five thousand feet on the surface.


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Metallurgy

The Company has neither metallurgical tests relating to the property, nor historical information as to recoveries of metal from ore formerly produced.

Reserves and Mineralized Material

There are no established reserves or mineralized material on the property according to available information on the project.

History and Historical Information on the Property

The following information has been provided by independent sources not been independently verified by the Company but provided for general informational purposes, and it should not be assumed that prior production results are an indication of potential future results.

The mine was discovered in the nineteenth century with regular shipments of ore reported in 1903 by lessees, and two thousand feet of workings. In 1907, it was reported the mine had six adits and a 140 foot shaft. In 1912, 60 men were employed at the mine, and it was extended an additional six hundred feet. By 1935 the underground workings were estimated at three thousand feet of crosscuts and drifts, in addition to tunnels.

In 1960 it was reported that the mine had produced 18,148 tons of ore which yielded 1,734 ounces of gold, 275,489 ounces of silver, and 271,266 pounds of copper, 1,273,965 pounds of lead and 280,750 pounds of zinc. Past production is no indicator of future production potential which can only be determined through additional information on the property.