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.
South American Silver announced the results of a NI 43-101 compliant Preliminary Economic Assessment Study (“PEA”) on its 100% owned Malku Khota silver-indium-gold project located in central Bolivia. The study includes a Base Case with a pre-tax undiscounted NPV of US$1,233 Million (0% discount rate) and IRR 50.7%. The PEA was prepared by Pincock Allen & Holt (“PAH”) and is based on the earlier NI 43-101 resource estimate that PAH had
prepared in September 2008 (see SASC PR08-12).
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