South American Gold Expands Baltimore Silver Project

South American Gold Expands Baltimore Silver Project

RICHMOND, IN – South American Gold reported that it has acquired two unpatented mining claims which expands its Baltimore Silver Mine project by forty acres.
The Baltimore Silver Mine is a former producing silver mine in a historic mining district located on private land in Jefferson County, Montana. The company has signed a memorandum of Understanding to lease the mine with an option to purchase. The new unpatented mining claims acquired expand the project to a total of approximately one hundred acres, and an existing tunnel is on the property which will need rehabilitation.
The additional mining claims have been untested by modern drilling methods and technology, thus are considered an early-stage exploration prospect. Parallel structures have been identified to the south of the Baltimore Mine area according to initial evaluation.
Raymond De Motte, President and CEO said, “Our initial exploration objective is to determine whether veins from the Baltimore Mine extend onto the newly-acquired claims. At the recent site visit resulted in our consulting geologist identifying these unpatented mining claims for acquisition by location, and we have identified dumps from prior production activities that we intend to sample.”
The company’s address is 3645 East Main Street, Suite 119, Richmond, IN 47374, 765-356-9726.