South American Gold Corp. provided an update on its Baltimore Silver Mine project. The Baltimore Silver Mine is a former producing silver mine in the years 1903 to 1960 located in Boulder County, Montana.

South American Gold now owns forty acres of unpatented mining claims and leases sixty acres of patented mining claims bringing the total project to one hundred acres. Field work is beginning September with several objectives: Conduct mapping activities to prepare updated geological maps, and guide drill target selection; assess status of underground workings and make preliminary assessment of rehabilitation tasks and costs; survey existing dump material on property at surface for tonnage, grades and sampling for metallurgical tests; surface survey work, soil sampling where recommended; determine if veins from the Baltimore Silver Mine extend onto the unpatented mining claims recently acquired; reconnaissance exploration and review of regional geology to identify future acquisition targets in the area; begin preparation of necessary permits and bonding requirement applications where required. The company's prime project objective is to prepare and review a project assessment of potential for commercial production, and costs to implement a Phase I Exploration and Development program, and second to determine exploration potential beyond the mine proper.