South American Silver tallies first resource

South American Silver's directors at the Malku Kohto silver-indium project in Bolivia. From left: Felipe Malbran, executive vice-president of exploration; Fernando Caceres, project manager; John Paul, director; Paul Haber, director; and Tina Woodside, director.South American Silver's directors at the Malku Kohto silver-indium project in Bolivia. From left: Felipe Malbran, executive vice-president of exploration; Fernando Caceres, project manager; John Paul, director; Paul Haber, director; and Tina Woodside, director.

Although South American Silver (SAC-T, SOHAF-O) is pleased with an initial 50.2-million-oz. resource estimate for its Malku Kohto silverindium property in Bolivia, the company is already thinking ahead to a resource update planned for this summer.

That’s because the resource doesn’t include drilling from the majority of the high-grade portion of the Limosna zone, nor from the new Sucre zone, said company president Ralph Fitch in a statement.

“It’s also good to remember that this resource is based on drilling within only 3.5 kilometres of strike that the company holds,” Fitch said.

So far, South American has drilled 22,000 metres, only half of which was used in the initial resource estimate.

The company plans to release results from 4,000 metres of drilling as soon as final assay results are received.

Indicated resources stand at 48.5 million tonnes grading 32 grams silver and 5.9 grams indium per tonne for 50.2 million oz. silver and 288,000 kg of indium. A cutoff of 10 grams silver per tonne was used.

Under the inferred category, the project holds 99.6 million tonnes grading 23 grams silver and 4.9 grams indium containing 74.7 million oz. silver and 487,000 kg of indium.

The company has already tested the metallurgical recovery rates, finding a 63% to 97% recovery rate for silver and 61-77% for indium.

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