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South American Silver Corp. (TSX:SAC)

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Last Post: 12/3/2013 4:30:37 PM - Followers: 8 - Board type: Free - Posts Today: 0


The Company trades on the Toronto Stock Exchange under the symbol SAC and on the US OTC market as SOHAF.

South American Silver Corp. is a growth focused mineral exploration company creating value through the exploration and development of the Malku Khota Silver-Indium project in Bolivia, one of the world's largest undeveloped Silver and Indium deposits, and the large-scale Escalones Copper-Gold project in Chile. The Company's approach to business combines the team's track record of world-class discoveries and successful project development and integrates a focus on strong community relations and corporate social responsibility. Management has over 100 years of combined experience in the global exploration and mining industry with much of that focused in Bolivia, Chile, Peru and Argentina.


Malku Khota

South American Silver’s most advanced project is the Malku Khota Silver-Indium project located in Bolivia. Malku Khota is one of the world’s largest underdeveloped silver and indium resources with an NI 43-101-qualified Indicated resource of 144.6 million ozs silver and 845,000 kgs indium (151 million tonnes grading 29.7 g/t silver and 5.6 g/t indium) and an Inferred resource of 177.8 million ozs silver and 968,000 kgs indium (230 million tonnes grading 24.0 g/t silver and 4.2 g/t indium). A Preliminary Economic Assessment Study ("PEA”) was prepared by Pincock Allen & Holt Inc. ("PAH”) in March 2009 which showed robust economics for a bulk mineable heap leach operation. The project is road accessible and commercial power is within 15 kilometres of site.

Silver and indium mineralization at Malku Khota begins at surface and remains open to further expansion laterally and at depth. Recent drilling has identified a new higher-grade zone which may result in an expanded near-surface resource. In late February, the Company announced the discovery of a potentially significant new high-grade silver-gold-indium vein system at Malku Khota that may join the highly mineralized, sediment hosted Wara Wara and Sucre Zones. This new discovery is in an area that was previously classified as unmineralized due to a lack of drilling in the area. The new zone of higher grade mineralization falls between the two previously identified zones at Wara Wara and Limosna and includes a well-mineralized silver-gold-indium vein system. The vein system consists of a number of sub-parallel veins and structures up that can exceed 100 metres in width. The most recent drill hole, WWD040, includes a significant 26 metre wide interval of high-grade silver mineralization in the Sucre Vein which has averaged 125.2 grams per tone (g/t) silver and 14.8 g/t indium. Drilling is ongoing on the project with periodic releases anticipated as results become available.

Metallurgical work is in on-going to refine the leach characteristics and physical properties of the currently defined mineralized zones. Test work is focused on the leach recovery responses at various grades and crush sizes to determine optimal approaches to processing for the deposit. Based on the size of the current resource and the presence of higher grade mineralized zones, additional engineering is looking at range of optimal mining and processing rates. These studies along with an updated resource will be incorporated into an updated economic assessment by the end of 2010.

As part of the Company’s on-going community relations approach to Malku Khota, SASC’s two full-time Community Relations personnel maintain regular contact with each of the surrounding local communities. Signed agreements of cooperation with each of the communities are in place and the Company will look for ways to facilitate economic development through the various stages of development for the project.

Malku Khota NI 43-101 Preliminary Economic Assessment

Indicated Resource Silver 145 million oz
Inferred Resources Silver 178 million 0z
Indicated Resource Indium 845,000 kg
Inferred Resources Silver 968,000 kg
Silver Recovery 80%
Indium Recovery 70%
Pre-Tax Net Cash Flow US$ 1,233 million
Initial CAPEX US$ 104.7 million
Cash Cost (net of credits) US$ 3.75 /oz silver
Pre-Tax IRR 50.7 %
First Ten Years Silver Grade 38.6 g/t
First Ten Years Indium Grade 8.1 g/t
Years To Payback From Start Of Production 1.4 years
Average Annual Production-Silver 4.25 million oz
Average Annual Production-Indium 27,999 kg
Mine Rate 20,000 tpd
Mine Life 36 Years



The Escalones copper-gold-molybdenum porphyry and skarn prospect in central Chile is located approximately 100 km south-east of Santiago by road. The property is 35 kilometres east of El Teniente, the world’s largest underground copper mine, and shows high grades at surface at over >1% copper with significant gold, silver and molybdenum credits. Exploration has focused on a large, 4 square kilometre area of alteration, and shallow drilling has intersected zones of 75 to 100 metres grading over 1% and a single deeper hole intercepted 176 metres of porphyry mineralization grading 0.6% copper. These grades and significant widths of mineralization indicate the presence of a strong mineralizing system at Escalones.

At Escalones the Company is presently completing geological modeling to incorporate all new information and is considering initiating a new exploration program at this high potential copper-gold porphyry project. The Company intends to advance the property to the resource definition stage either through further exploration on its own or with a partner.



Issued and outstanding: December 16, 2010

 97.8 common shares
   8.4  options
   8.6  warrants

114.8 fully diluted



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#39   I wanted to post some updates regarding the minerd 12/03/13 04:30:37 PM
#38   Bolivian Burglary? canucklehead80 08/07/12 10:34:25 PM
#37   South American Silver shares slump on Bolivia mine rules sumisu 07/12/12 05:55:10 AM
#36   CHART sumisu 07/11/12 08:47:23 PM
#35   Bolivia to consider nationalizing embattled silver project sumisu 07/09/12 09:15:07 AM
#34   Great day for SAC assessment of bolivia christoba 02/27/12 06:37:28 PM
#33   South American Silver Advances Escalones and Malku Khota Projects sumisu 02/27/12 02:25:36 PM
#32   South American Silver (TSX:SAC) Featured in February Issue sumisu 02/16/12 04:48:16 PM
#31   New Corporate Presentation- futrcash 12/27/11 02:38:09 PM
#30   South American Silver Announces 4 Billion Pound Copper futrcash 12/19/11 09:52:03 PM
#29   SAC CEO Video Interview JimLahey 12/09/11 02:35:47 PM
#28   South American Silver Reports Surface Sampling and Drill sumisu 12/06/11 05:14:05 PM
#27   The silver market and South American Silver have sumisu 12/01/11 08:00:41 AM
#26   Where do you see PPS going here? PENNYMACHINE 11/27/11 11:11:00 PM
#25   South American Silver Files Third Quarter 2011 Financial sumisu 11/10/11 08:30:23 PM
#24   heres a little video that will show what SissyCool 09/26/11 03:44:01 PM
#23   What are your expectations for this one? PENNYMACHINE 08/10/11 04:10:50 PM
#22   >Reentered SAC today after reviewing my notes, particularly sumisu 08/08/11 05:23:51 PM
#21   South American Silver Files First Quarter 2011 Financial sumisu 08/08/11 05:15:54 PM
#20   South American Silver Corp. (TSX: SAC) Face the sumisu 08/08/11 04:30:32 PM
#19   South American Silver Provides Update on Malku Khota sumisu 08/08/11 04:21:07 PM
#18   What is Indium? JimLahey 07/14/11 03:00:15 PM
#17   SAC CEO Greg Johnson gave a video update JimLahey 05/25/11 04:04:18 PM
#16   GOOD NEWS!Bolivian Miners Stop Nationalization Plans SILVERISTHENEWGOLD 05/02/11 01:12:47 AM
#15   South American Silver Clarifies Private Ownership and Status sumisu 04/16/11 07:36:22 AM
#14   South American Silver Corp.: Updated Malku Khota Study sumisu 03/31/11 09:42:36 AM
#11   South American Silver Year End Financial Results and sumisu 03/21/11 12:33:20 PM
#10   South American Silver Provides Project Update sumisu 01/13/11 10:47:15 AM
#9   South American Silver Third Quarter President’s Message and sumisu 01/13/11 10:39:37 AM
#8   South American Silver Announces New Drill Results Extending sumisu 01/13/11 10:37:29 AM
#6   South American Silver Corp. Announces Additions to Management sumisu 01/13/11 10:34:34 AM
#5   RedChip Visibility Initiates Research Coverage on South American Silver sumisu 06/30/10 08:41:48 AM
#4   14 Emerging Growth Companies to Present at RedChip's sumisu 06/28/10 08:40:25 PM
#3   Ipressive Initial Results... futrcash 05/22/10 11:47:04 PM
#2   South American Silver Corp.'s First Quarter President's Message sumisu 05/21/10 12:43:54 PM
#1   South American Silver Corp. Discovers New High-Grade Silver-Gold-Indium sumisu 05/12/10 09:08:26 PM