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SolGold Plc

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Summary

Project:

Cascabel

Deposit:Alpala
Location:Ecuador
Commodities:Copper-Gold
Date:4/10/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:10-4-2019: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. Drilling results incl. 1918m @ 0.53% CuEq. The Alpala Deposit is located in Northern Ecuador, lying upon the northern section of the pro
Resources:(Resource): 2050Mt @ 0.41% Cu, 0.29g/t Au (Ind.) and 900Mt @ 0.27% Cu, 0.13g/t Au (Inf.) At Alpala
CP/QP:[Overall Report]: Jason Ward (Internal)
ABSTRACT:The Alpala Deposit is located in Northern Ecuador, lying upon the northern section of the prolific Andean Copper belt, renowned as the base for nearly half of the world’s copper production. The project area hosts mineralisation of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project is a three-hour drive north of Quito, close to water, power supply and Pacific ports (Figure 1). SolGold holds an 85% registered and beneficial interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel tenement. SolGold is encouraged by recent resource upgrade drilling results, expected to further enrich the existing resource base at Alpala. The Company is also excited about resource extension drill hole results outside the previous resource area which promise further growth for the 2019 drilling campaign ahead.

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