South American Silver Corporation
|Traded as||TSX: SAC
|Key people||Greg Jonhson, President & CEO
Jim Mallory, VP Operations & Social Responsibility
Phillip Brodie-Hall, Chief Operating Officer
South American Silver Corporation is a mining company that focuses on the exploration and development of properties in South America. It currently owns two development-stage properties: Malku Khota located in Bolivia and Escalones located in Chile. Malku Khota is considered one of the largest known undeveloped silver and indium resources in the world.
The Malku Khota mineralization is in a tabular sandstone unit with silver, indium, gallium and base metal mineralization beginning at the surface and spanning 15 km. The property holds one of the world’s largest known undeveloped silver, indium and gallium resources as reported in the company’s May, 2011 43-101 technical report., with an Indicated Resource of 230.3 million ounces of silver, 1,481 tonnes of indium and 1,082 tonnes of gallium. It also possesses an Inferred Resource of 140 million ounces of silver, 95 tonnes of indium and 1,001 tonnes of gallium.
Escalones is a copper, silver, gold, and molybdenum porphyry and skarn prospect. The property is located 35 km east from El Teniente, the world’s largest underground copper mine, and 100 kilometers south-east of Santiago, Chile. According to a detailed Feb 2012 NI 43—101 technical report provided within South American Silver Corp.’s 2011 corporate report, Escalones possesses a newly defined Inferred Resource of 420 million tonnes of mineralized material contains 3.8 billion pounds of copper, 56.9 million pounds of molybdenum, 610,000 ounces of gold and 16.8 million ounces of silver.
South American Silver Corp’s head office is located in Vancouver, BC, Canada. The President and CEO is Greg Johnson, former Vice-President of Strategic Development at NovaGold Resources. The company also has three other offices located in Denver, Bolivia, and Chile. South American Silver was listed on the Toronto Stock Exchange and the US Over-the-Counter market in 2007.
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- Malku Khota
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- South American Silver Corp. Announces Closing of $31.9 Million Financing
- South American Silver Announces Annual General Meeting Results