South American Silver Corp. (TSX:SAC,OTCQX:SOHAF) announced that it continues to intersect copper enriched mineralization at the Escalones Porphyry Copper-Gold Project in Chile. The Company reported on samples from drill holes 38, 39 and 41 on the western portion of the Meseta. South American Silver expects full operations to be back in production by early March.
As quoted in the press release:
The drill holes reported here continue to show a zone of copper enrichment below a partially leached zone that lies below the approximately 70 metre thick deposit of glacial moraine that was deposited on the Meseta.
South American Silver Corp. Executive Chairman of the Company, Ralph Fitch, said:
The drilling presently being carried out on the Meseta shows a near horizontal zone of leached material typically 50-100 metres thick that is generally gold rich, which is underlain by an irregular near horizontal zone of 20-120 metres thick of copper enrichment. This copper enrichment zone is the top portion of a long column of copper mineralization which in hole ES-38 is more than 450 metres thick. Results analyzed so far indicate that this style of copper-gold mineralization exists over an area measuring approximately 500 by 800 metres, sufficient to have a real impact on our previously reported resource of 3.8 billion pounds of copper and 610,000 oz of gold, which did not include the majority of this area.