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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 11/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-11-2017: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. JV with Cornerstone Capital Resources – drill results incl. 938.2m @ 0.59% Cu, 0.36g/t Au from 630m. The Board of SolGold (LSE and TSX c | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on the copper gold assay results for Holes 26-D1, and 28 and the progress of drilling at the Alpala copper gold porphyry deposit, the most advanced of several targets at Cascabel, the Company's 85% owned copper-gold porphyry project in Ecuador. Commenting on the results and current drilling, SolGold Technical Services Manager, Benn Whistler said: "Hole 26-D1 and Hole 28 assay results have made significant additions to the growing Alpala deposit. These holes bring the approximate Exploration Target at Alpala to an upper range of one billion tonnes at approximately 0.9% copper equivalent at a 0.3% copper equivalent cut-off. This is very encouraging ahead of the maiden MRE (Mineral Resource Estimate), especially in the context of recent visible mineralisation logged in Holes 29-D1, 29-D2, and 32 which confirmed the Alpala East target, and an extension of the mineralised envelope at Alpala some 200m to the east of the previous boundary. This equates to a 25% to 35% increase in the known width of the greater Alpala system.” | |
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