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Aftermath Silver Ltd V.AAG

Alternate Symbol(s):  AAGFF

Aftermath Silver Ltd. is a Canadian junior exploration company focused on silver. The Company's principal business activity is the acquisition, exploration and development of mineral properties. The Company controls three projects in Latin America: the Berenguela silver-copper-manganese (Ag-Cu-Mn) project in southern Peru which is its primary focus, and the Challacollo and Cachinal Ag projects in northern Chile. The Company has an option to acquire a 100% interest in Berenguela through a binding agreement with SSR Mining Inc. The Berenguela Ag-Cu-Mn project has approximately 6,594 hectares. The Challacollo project (silver and gold) has approximately 19,000 hectares. The Challacollo project is located in Region I in Northern Chile, 130 km southeast of the major port city of Iquique and 50 km south of the town of Pica. The Cachinal project has around 4,867 hectares. The Cachinal project is a low-sulphidation epithermal deposit located in one of Chile's top regions for silver and gold.


TSXV:AAG - Post by User

Bullboard Posts
Post by ez33on Nov 01, 2009 10:24am
676 Views
Post# 16442383

more then one way

more then one wayto skin a cat... If the financing falls through the company is not dead in the water... sinchao is owed a significant sum of money by the Peruvian government. Maybe it is not enough to finance the proposed 5000 meter drill program but if they might be able to eke out  a 2000 to 2500 meters one... If even only partially successful it may be enough to catch the markets, potential strategic partners or a majors miners attention...  A 237 million tonne inferred resource of reasonably good grade is something to write home about. It would not take too many tens of millions of tonnes more to indicate the potential for a world class resource at sinchao. Heck el morro only had 450 million tonnes of roughly comparable grade and barrick paid $470 million for a 70% stake.... 2000 more meters of drilling might do it if they get lucky. What other alternative do they have if they don't get the financing...
Bullboard Posts