South American Silver Edging Lower, Seeing Little Bounce from Preliminary Escalones Assays
South American Silver Corp. (SAC.TO) is trending lower again, sliding 2 cents a share to $1.58, getting little apparent bounce today from encouraging early results from surface sampling and drilling at its Escalones copper-gold-silver project in central Chile.
The company expects to issue an NI 43-101-compliant resource estimate for Escalones before the end of month.
The preliminary results included 116 meters of 1.4% copper, 0.57 grams gold per ton of ore and 21 parts per million molybdenum as well as drill intersections of 1% copper over 75 to 100 meters.
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