South American Gold Exploration

EXPLORING GOLD AND SILVER FRONTIERS

South American Gold is engaged in identifying, acquiring, exploring and developing gold and silver properties. Our mission is to deliver value and leverage for our shareholders.
We own,lease or option silver and gold exploration prospects in Nevada, Arizona and Montana covering over four hundred acres, including our flagship Baltimore Silver Mine project.

We have built up extensive information on exploration on Colombia’s Narino department, the historic Zactecas region in Mexico, properties in America’s Pacific North-West, and underway southeastern Europe, which we are evaluating for acquisitions and exploration

Our highly-experienced team has exploration, development and production experience in North and South America.

Our strategy is to build a pipeline of projects in historic mining districts that we consider underexplored with modern technology and techniques, targeting higher grade or bulk-mining potential, and advancing through exploration , development or joint-venture.

SAGD Security Details

Share Structure

Market Value1 $316,848 a/o Sep 24, 2012

Shares Outstanding 99,211,890 a/o Sep 05, 2012

Float 76,000,000 a/o Sep 05, 2012

Authorized Shares 450,000,000

Restricted Stock

Management 2,500,000

Issued for Baltimore Silver Mine Project 10,000,000

Options (Strike price $0.59) 2,700,000

Contact Info

3645 E. Main Street
Suite 119
Richmond, IN 47374


Website: http://www.sagoldcorp.com
Phone: 765-356-9726
Email: info@sagoldcorp.com

Wallace, Idaho – When you first hire on as a reporter for a newspaper (at least this is the way it worked back in 1971 or so, when this tyro started writing for a paycheck) the first[..]ignment they gave you was to write your own obituary and put the triple-spaced single page into a file somewhere. In case you happened upon some fortune-changing misery during your course of employment, the newspaper wouldn't have to go to excess effort to find about you, and you'd die happily knowing you'd written your own tombstone.

It's a little harder writing an obit about a friend, but after three weeks of personal, internal dithering, we rise to address the matter of our friend Ray DeMotte. Ray is physically, and one suspects, spiritually, still quite alive, but the destruction of him by his former employer, Sterling Mining Company, might as well have packed 180 grains of lead.

The sacking of Sterling CEO DeMotte on the eve of a Memorial Day weekend strikes us, after a couple of weeks' contemplation, as handled in a way that might charitably be described as boorish and rankly amateurish – perhaps even thuggish – not qualities particularly conducive to Sterling's need to position itself as an emerging silver producer with any class or professionalism.

Sterling's board of directors summarily dismissed DeMotte on a Friday night before the long weekend via email, no less, waiting until the following Tuesday to let the markets know that “Raymond DeMotte is no longer President of the Corporation.” (True, the U.S. markets were closed on Memorial Day, but the Toronto Exchange, where Sterling trades, was open for business as usual on May 26th.) No explanation was given, nor has any been forthcoming from Sterling in the intervening three weeks. The bastards didn't even have the class to summon him into a room and give him the news face to face. I am told this is the new way of doing things. If that's the case, the new way sucks and reeks of cowardice.

David Bond

Editor : The Silver Valley Mining Journal

RICHMOND, IN - (Sep 7, 2012) - South American Gold ( OTCQB : SAGD ) is pleased to provide an update on its Baltimore Silver Mine project.

The Baltimore Silver Mine is a former producing silver mine in the years 1903 to 1960 located in Boulder County, Montana. South American Gold now owns forty acres of unpatented mining claims and leases sixty acres of patented mining claims bringing the total project to one hundred acres. We believe the property is prospective for a commercial silver deposit as historical information indicates that the property has not been explored systematically using modern exploration methods and technology. Our current activities include recently completed due diligence on the property, on-going review of historical records, and planning our exploration program. We have signed a definitive lease with option to purchase agreement on the property. Field work is beginning September with several objectives:

Conduct mapping activities to prepare updated geological maps, and guide drill target selection;
[..]ess status of underground workings and make preliminary[..]essment of rehabilitation tasks and costs;
Survey existing dump material on property at surface for tonnage, grades and sampling for metallurgical tests;
Surface survey work, soil sampling where recommended;
Determine if veins from the Baltimore Silver Mine extend onto the unpatented mining claims recently acquired ;
Reconnaissance exploration and review of regional geology to identify future acquisition targets in the area;
Begin preparation of necessary permits and bonding requirement applications where required.

Our prime project objective is to prepare and review a project[..]essment of potential for commercial production, and costs to implement a Phase I Exploration and Development program, and second to determine exploration potential beyond the mine proper.

The Company as previously reported signed a binding Memorandum of Understanding to lease with option to purchase the Baltimore Silver Mine. It required a definitive agreement ("the agreement") under the terms agreed, and the issuance of ten million shares of restricted common stock, and an option price of five hundred thousand dollars, and requires lease fees of twelve thousand dollars per year in cash and stock. The agreement has now been signed (further information available on our recently filed 8k). We have also acquired as part of the project two unpatented claims with no underlying royalties. A review of a map of the underground workings has identified areas of former production, and[..]ays conducted for Pegasus Gold in 1989 will be reviewed to guide locations for underground channel sampling provided underground access is obtained, prior to drill target selection. Progress will be determined also by the availability of working capital on terms acceptable to the Company.

We have fewer than 80 million shares issued and outstanding, of which three million shares are of restricted stock held by current and former management (excluding restricted shares to be issued for implementation of the Baltimore Project agreement.)

Colombian gold been saying this for years

dam nicca idk bout this got a lil bit of dough but probly wont put much on this where u getting your sources from