South American Silver Corporation
Encyclopedia
South American Silver Corporation is a mining
company that focuses on the exploration and development of properties in South America
. It currently owns two development-stage properties: Malku Khota located in Bolivia
and Escalones located in Chile
. Malku Khota is considered one of the largest known undeveloped silver
and indium
resource in the world.
unit with silver
, indium
, gallium
and base metal
mineralization beginning at the surface and spanning 15 km. The property holds one of the world’s largest known undeveloped silver, indium and gallium resources as reported in the company’s May, 2011 43-101 technical report.
Escalones is a copper
, silver
, gold
, and molybdenum
porphyry and skarn prospect. The property is located 35 km east from El Teniente
, the world’s largest underground copper mine.
. The company also has three other offices located in Denver, Bolivia, and Chile. South American Silver was listed on the Toronto Stock Exchange and the US Over-the-Counter market in 2007.
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
company that focuses on the exploration and development of properties in South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
. It currently owns two development-stage properties: Malku Khota located in Bolivia
Bolivia
Bolivia officially known as Plurinational State of Bolivia , is a landlocked country in central South America. It is the poorest country in South America...
and Escalones located in Chile
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
. Malku Khota is considered one of the largest known undeveloped silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
and indium
Indium
Indium is a chemical element with the symbol In and atomic number 49. This rare, very soft, malleable and easily fusible post-transition metal is chemically similar to gallium and thallium, and shows the intermediate properties between these two...
resource in the world.
Properties
The Malku Khota mineralization is in a tabular sandstoneSandstone
Sandstone is a sedimentary rock composed mainly of sand-sized minerals or rock grains.Most sandstone is composed of quartz and/or feldspar because these are the most common minerals in the Earth's crust. Like sand, sandstone may be any colour, but the most common colours are tan, brown, yellow,...
unit with silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
, indium
Indium
Indium is a chemical element with the symbol In and atomic number 49. This rare, very soft, malleable and easily fusible post-transition metal is chemically similar to gallium and thallium, and shows the intermediate properties between these two...
, gallium
Gallium
Gallium is a chemical element that has the symbol Ga and atomic number 31. Elemental gallium does not occur in nature, but as the gallium salt in trace amounts in bauxite and zinc ores. A soft silvery metallic poor metal, elemental gallium is a brittle solid at low temperatures. As it liquefies...
and base metal
Base metal
In chemistry, the term base metal is used informally to refer to a metal that oxidizes or corrodes relatively easily, and reacts variably with diluted hydrochloric acid to form hydrogen. Examples include iron, nickel, lead and zinc...
mineralization beginning at the surface and spanning 15 km. The property holds one of the world’s largest known undeveloped silver, indium and gallium resources as reported in the company’s May, 2011 43-101 technical report.
Escalones is a copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...
, silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
, gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
, and molybdenum
Molybdenum
Molybdenum , is a Group 6 chemical element with the symbol Mo and atomic number 42. The name is from Neo-Latin Molybdaenum, from Ancient Greek , meaning lead, itself proposed as a loanword from Anatolian Luvian and Lydian languages, since its ores were confused with lead ores...
porphyry and skarn prospect. The property is located 35 km east from El Teniente
El Teniente
El Teniente is an underground copper mine in the Chilean commune of Machalí in Cachapoal Province, O'Higgins Region, near the town of Sewell, above mean sea level in the Andes. Mining at El Teniente is reported to have started as early as 1819...
, the world’s largest underground copper mine.
Company information
South American Silver Corp’s head office is located in Vancouver, BC, Canada. The President and CEO is Greg Johnson, former Vice-President of Strategic Development at NovaGold ResourcesNovaGold Resources
NovaGold Resources Inc. is a mineral exploration, development, and mining company. NovaGold has 50% ownership of two of the world’s largest known undeveloped gold and copper-gold deposits...
. The company also has three other offices located in Denver, Bolivia, and Chile. South American Silver was listed on the Toronto Stock Exchange and the US Over-the-Counter market in 2007.