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Message: conference call (more)

conference call (more)

posted on Mar 12, 2008 01:27PM

although pirquitas is providing most of the stock's current value, they also touched on the other projects under development. they currently own 70% of the san luis joint venture with esperanza, and can increase that to 80%. they are working on high grade veins and will be doing underground drilling to move the project to feasibility this year.

they are continuing to drill pitarrilla, and have found large amounts of base metals (zinc, lead.) they plan to use a 3 kilometer long decline to explore the high-grade Breccia Ridge. there will be a resource update in the 2dn quarter, but i'm not sure if he said pitarrilla will be going to feasibility this year.

there is a 2008 program to drill snowfield, at which they have found 280 meters of 0.8g/ton gold as well as copper. it is near seabridge's 29 million oz. gold deposit, so this may be a major gold camp. but since snowfield is a gold deposit, it will ultimately be monetized or perhaps operated as a joint venture, but the company is going to remain focused on providing leverage to the silver price.

they will drill dibalillos, but some of the smaller projects will be sold to provide funding for continuing operations and exploration, so the company will be able to grow organically.

that is all i can remember for now.

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