South American Silver Corp. (TSX:SAC, OTCQX:SOHAF) announced that work has been interrupted at their Escalones copper-gold project in Chile due to heavy rain from a severe storm.
As quoted in the press release:
Initial assessments of the damage indicate that access to the Escalones site could be cut off to light vehicles for 6-10 days and to heavy vehicles for up to a month. The Company will help with the effort to get the road back into service as quickly as possible. The camp at Escalones will continue to operate during the stoppage as a base for repair crews and to support ongoing activities until drilling resumes.
South American’s President and CEO, Phillip Brodie-Hall, said:
The interruption to drilling activities is unfortunate as our ambitious summer drilling program is going well. We have drilled over 4,000 metres and successfully completed five holes so far, with three more underway. Drill results are promising and we will be issuing more results later this month. We were forecasting completion of the planned 10,500 metre program by mid-April and if we lose drilling time will need to work later into the season to complete the program. We will be doing everything we can to end the season on target.