Jun 28 2012
South American Gold Corp. today announces that it has staked an additional two unpatented mining claims at its GB-2 project.
The project now consists of twelve unpatented mining claims covering approximately two hundred and forty acres in Arizona. The project is an early-stage exploration prospect in which the exploration plan is initially qualifying located breccia pipes that may contain commercial gold mineralization, and establishing drill targets. Summer field work has begun at the project concentrating on review of identified breccia pipes, preparation for advanced geologic mapping and determination of initial drill targets.
In other news the Company continues to monitor conditions in Colombia related to changes in the Colombian mining law and regulations. The Company has accumulated experience and a database of exploration data focused on the historic Narino province in the southern part of the country. The Company is considering acquisitions also in North America and other regions should such projects meet our target criteria and terms.
The company's technical team is headed by mine engineer Mr. Frank Delzer P.E. who has over 40 years experience in the mining industry in exploration, development and production. Mr. Delzer is assisted by geologist Rene Von Boeck, and outside consultants as required.
About South American Gold (OTC BB:SAGD):
The Company's objective is build a pipeline of mining projects, to locate, explore and develop commercially viable gold deposits in North and South America. The Company focuses principally on historic mining districts areas that are home to established gold or silver deposits, including highly prospective districts with exploration potential, or medium term production potential.
The Company has less than 80 million shares outstanding and trades under the symbol SAGD.
Investor Inquiries:
1-765-356-9726
1-765-356-9737 (FAX)
Web Site: www.sagoldcorp.com
Email: [email protected]
Disclaimer
This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words , or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South American Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance , or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10k, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. The company has limited financial capability to implement its business plan.