South American Silver Corp. (TSX:SAC,PINKSHEETS:SOHAF) announced the recommencement of its summer drilling program at the Escalones copper-gold project in Chile. Over 10,000 metres of diamond drilling is included in the program. Positive results were shown through flotation and leaching testwork at the project.
As quoted in the press release:
The planned program includes over 10,000 metres of diamond drilling and will continue through March-April 2013, weather-permitting. It is intended that a resource update based on the new drilling will be completed in mid-2013.
South American Silver Corp. President and CEO, Phillip Brodie-Hall said:
We are very pleased to be drilling again after the winter break as we are eager to increase and upgrade resources at Escalones. We are especially excited about the prospect of testing the magnetic anomaly as this has the potential to bring new resources into the model. Also, the metallurgical test results are promising and show that flotation of a saleable concentrate from the porphyry material is likely to be straightforward. This is very good news.