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Weaker Silver Prices And Forecast Changes

A severe storm has interrupted drilling at South American Silver's (TSX:SAC,OTCQX:SOHAF) Escalones site in Chile due to lack of access.

The company said that there was no loss or damage to its people, equipment or facilities, but there was significant damage to the access road leading to the site. The initial assessments suggest accessing Escalones by light vehicle may not be possible for six to 10 days and access by heavy vehicle may not be possible for up to a month. South American Silver said it will help to get the road back into service.

Teuton Resources (TSXV:TUO,OTCBB:TEUTF) announced that its optionee, Rotation Minerals, completed drilling 25 holes on the 4-J's property in British Columbia.

Highlights from the first eight holes include: 2.44 meters of 1.29 g/t gold, 140.5 g/t silver, 3.23 percent lead, 11.73 percent zinc and 2.61 percent antimony in DDH4J-2012-1 and 3.05 meters of 0.7 g/t gold, 156.5 g/t silver, 2.5 percent lead, 9.43 percent zinc and 1.10 percent antimony in DDH4J-2012-7.

Teuton's president, Dino Cremonese, said "[t]hese 4J's results represent the third successful exploration program undertaken in 2012 on Teuton ground located due south of Pretium's prolific gold-silver Brucejack property.

 

Securities Disclosure: I, Michelle Smith, do not hold equity interest in any of the companies mentioned in this article.

Weaker Silver Prices and Forecast Changes from Silver Investing News

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