South American Gold Corp.
OTC Bulletin Board : SAGD

February 15, 2011 10:16 ET

CORRECTION FROM SOURCE: South American Gold Appoints VP of Exploration and VP of Operations

RICHMOND, INDIANA--(Marketwire - Feb. 15, 2011) -

On February 15, 2011 at 9:00 am EST, a news release was disseminated for South American Gold Corp. that contained an error in regards to the name of the recently appointed Vice President of Exploration. The full and correct version follows below.

South American Gold Corp. (OTCBB:SAGD) is pleased to announce it has appointed Frank Delzer as Vice President of Operations and Rene Von Boeck as Vice President of Exploration.

Frank Delzer is a professional mining engineer with over 40 years of experience in the mining industry managing projects in the United States and Latin America. Mr. Delzer received his B.S. Mining Engineering degree from the University of North Dakota. Mr. Delzer received his diploma in geology from Eberhard-Karls Universitaet in Tuebingen, Germany and was a Fulbright Scholar. Mr. Delzer's experience includes production management and supervision of gold and base metal mines. Mr. Delzer has been responsible for management of exploration programs for precious and base metals, development programs and preparation of feasibility studies. Mr. Delzer has experience with many mining companies throughout South America including Ariel Resources, Marcona Mining, Orinoco Mining, CIA Minera Industrial and the Andes Copper Mining Company. 

Rene Von Boeck is a professional geologist with over 40 years experience working in North and South America. Mr. Von Boeck received his Bachelor of Science in Geological Engineering degree from the Colorado School of Mines and he has extensive experience in mineral exploration for base and precious metals, mineral economics and mine evaluation. Mr. Von Boeck is experienced in underground and surface mining with extensive knowledge of computer modeling in ore reserves and open pit designs. He was responsible for managing a multimillion-dollar exploration-drilling program that led to the discovery and development of a major Ag-Zn-Pb deposit in Southern Bolivia. Mr. Von Boeck has managed exploration programs for base and precious metals from grassroots to the pre-feasibility stage in a variety of environments and his experience includes various aspects of exploration such as geological mapping, drill program management, supervision of technical personel, property acquisitions, interpreting geological data and preparing preliminary economic evaluations. Mr. Von Boeck has managed and supervised precious and base metal exploration projects in Bolivia, Ecuador, Peru, and Mexico. 

Raymond De Motte, CEO of South American Gold, commented, "We are very pleased to have Frank and Rene on our team. Both gentlemen have extensive experience working in Latin America in exploration and development which will prove invaluable as we identify, acquire and explore prospective gold deposits in Colombia that meet our criteria for potential large-scale gold projects."

Quotations for South American Gold Corporation's common stock now appear on the Over-the-Counter Bulletin Board (OTCBB), which is operated by the National Association of Securities Dealers under the trading symbol "SAGD".

About South American Gold (OTCBB:SAGD)

The Company's objective is to locate, explore and develop large-scale commercially viable gold deposits primarily in Latin America. The Company focuses principally on geographic areas that are home to established gold deposits, including highly prospective districts with the potential to hold large deposits.

On behalf of the board,

Raymond De Motte, CEO


This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words , or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South American Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance , or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10k, 10Q, 8K reports and other filings. Investors are encouraged to review all filings.

Contact Information

  • South American Gold Corp.
    1-800-298-4023 or 1-765-356-9720
    1-800-691-5161 or 1-765-356-9719 (FAX)