SAGD .0055 80mil O/S per news @ close South Amer
Post# of 98001
SAGD .0055 80mil O/S per news @ close South American Gold Expands Land Position at GB-2 Gold Project Business Wire "Press Releases - English"
RICHMOND, Ind. --(BUSINESS WIRE)-- South American Gold Corp. (OTCBB: SAGD) today announces that it has staked an additional two unpatented mining claims at its GB-2 project.
The project now consists of twelve unpatented mining claims covering approximately two hundred and forty acres in Arizona . The project is an early-stage exploration prospect in which the exploration plan is initially qualifying located breccia pipes that may contain commercial gold mineralization, and establishing drill targets. Summer field work has begun at the project concentrating on review of identified breccia pipes, preparation for advanced geologic mapping and determination of initial drill targets.
In other news the Company continues to monitor conditions in Colombia related to changes in the Colombian mining law and regulations. The Company has accumulated experience and a database of exploration data focused on the historic Narino province in the southern part of the country. The Company is considering acquisitions also in North America and other regions should such projects meet our target criteria and terms.
The companys technical team is headed by mine engineer Mr. Frank Delzer P.E. who has over 40 years experience in the mining industry in exploration, development and production. Mr. Delzer is assisted by geologist Rene Von Boeck , and outside consultants as required.
About South American Gold (OTC BB:SAGD):
The Companys objective is build a pipeline of mining projects, to locate, explore and develop commercially viable gold deposits in North and South America . The Company focuses principally on historic mining districts areas that are home to established gold or silver deposits, including highly prospective districts with exploration potential, or medium term production potential.
The Company has less than 80 million shares outstanding and trades under the symbol SAGD
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