Stability and Infrastructure in the Mining Industry
Specialists In Mining
The Company is currently concentrating its development and production efforts on four large mineral concessions where they have discovered three new VMS (Volcanogenic Massive Sulfide) deposits containing primarily copper, silver and gold. These concessions are located within the State of Santa Cruz within the northeastern Pre- Cambrian region of Bolivia and cover approximately 420 square kilometers. SAC is already in test production on its Gran Serpiente concession, with a midsized gravity plant on their property known as the C-Zone. The test production in this zone started in February of 2014 and continues to produce on a test-mining basis.
SAC-Bolivia controls one hundred percent (100%) of four (4) concessions covering forty-two thousand one hundred and seventy-five (42,175) hectares in the region of Ascension de Guarayos on the eastern side of Bolivia: Gran Serpiente which covers 292 quadriculars (25-hectare mining squares); Tumbaco covers 731; Pinduca 509; and Cruz de Oro 155. These concessions are located within the northeast end of the Precambrian Shield near Ascension in eastern Bolivia.
Within Bolivian regulations, a mining concession gives you title and authorization to operate and exploit mines. Depending on the timing and the type of operations, further authorizations may be required. Accordingly, SAC has all the necessary environmental and operating permits to launch their present expansion plans.
Proven & Probable Reserves Already Identified
As a result of this exploration, a new VMS deposit has been identified and has been found to contain at least 3 distinct and separate lenses. The three lenses have been further broken down to contain three levels of mineralization. The Oxide Zone, which has a proven reserve of 2,528,000 tons of material at 1.03 to 1.12 gms/ton of gold and total of 4,361,000 proven and probable tons of material with between 0.83 and 1.64 gms/ton (average 1.232 gms/ton) of gold for a total of 172,738 troy ounces of gold (almost $500,000,000 value at today’s pricing of about $2,875 per troy ounce).
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