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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 11/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-11-2018: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. JV - Drilling results incl. 1028m @ 0.71% Cu, 0.91g/t Au from 886m. The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide | |
| Resources: | (Resource): 430Mt @ 0.5% Cu, 0.4g/t Au (Ind.) and 650Mt @ 0.4% Cu, 0.3g/t Au (Inf.) At Alpala | |
| CP/QP: | [Overall Report]: Jason Ward (Internal) | |
| ABSTRACT: | The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on recent drilling at the Company’s Alpala Deposit in Northern Ecuador. The Cascabel Project is located on 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 base is located at Rocafuerte in northern Ecuador, approximately three-hour’s 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 drilling results, expected to further expand and enrich the existing resource base at Alpala. The Company is also excited about notable drill hole results outside the previous resource area which promise further growth for the 2019 drilling campaign ahead. A data cut-off date for the (in progress) Mineral Resource Estimate (MRE) projected for release in December 2018, was effected in late October 2018 and includes drill holes 1 to 67. Highlights of selected assay results from Holes 1 to 67, expected to add significantly to the Dec 2018 Mineral Resource at Alpala are summarised in Table 1. | |
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