South American Silver announced that it has released its unaudited interim consolidated financial statements for 2009 Q3 ended September 30, 2009. The company plans to conduct a prefeasibility/feasibility study on the Malku Khota, located in west central Bolivia. A 4,000 m drill program was started on the property focusing on newly established silver-indium-lead-zinc targets down-trend, to the south, of the Limosna Ridge. The company has presently put exploration on hold at the Escalones property in Chile, it may seek a joint venture partner for the property.
South American Silver announced that it has completed a series of metallurgical tests on samples from the Malku Khota silver-indium project in Bolivia. Gold recoveries in the range 29-82% were achieved in these varying temperature tests but the sample gold grades were low (typically 0.05-0.1 g/t) and in a number of instances, the gold assays were below the analytical detection limits.
South American Silver Corp. announces that it has initiated discussions on the Malku Khota silver-indium project with various interested parties in China, Japan and South Korea. The purpose of these discussions has been to explore the possibility of
securing a strategic alliance in the form of a marketing, off take or investment agreement. Several groups have expressed interest in learning more about the Malku Khota project and discussions are ongoing but there can be no assurance that a strategic alliance will result from these efforts. The Malku Khota silver-indium-gold property is located in Bolivia.
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