South American Gold Corp. is a junior gold and silver exploration mining stock.
We are pleased to provide a brief update on our current projects.
Online PR News – 13-January-2014 – Richmond, Indiana – Richmond, IN – South American Gold Corp. (OTCQB: SAGD) is pleased to provide an update on project activities.
The company has entered into a joint ventrue arrangement with Kalahari Greentech for the New Light Mine Washington state project, and its GB-2 project. The Company received shares of Kalahari for entering into these arrangements, and has the right to earn-back in a forty percent (40%) interest in the projects. The Company is discussing with Kalahari the spring work programs for these projects.The Company is in negotiations to modify the terms of its lease option agreement on the Baltimore Mine. 2013 work determined through sampling above ground dump material the presence of silver, and the next step on the project would be to secure required permits for rehabilitation of underground workings to facilitate underground sampling.
The Company also signed an extension of its memorandum of understanding with privately-held GMRV on its Montana mineral property interests
About South American gold (OTCBB: SAGD)
The Company’s objective is to locate, explore. develop or joint-venture commercially viable gold deposits primarily in North and Latin America. The Company focuses principally on geographic areas that are home to established gold deposits, including highly prospective districts and secondly on projects which may generate mid-term cash flow to support exploration activities. The Company has also recently established a trading division focused on providing international trade services
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 provides a comprehensive list of risk factors in its SEC filings, which should be reviewed for more complete information, including Part 1 Item 1A Risk Factors of its Annual Report on Form 10-K and Part II, Item 1A Risk Factors of its Quarterly Reports on Form 10-Q.The Company has limited financial capability to execute planned exploration activities.