For thousands of other reports visit RSC's Mineral Intellingence Map
SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 8/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-8-2018: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. JV - Drilling results incl. 832m @ 0.72% Cu, 1.10g/t Au. The Cascabel Project is located on the northern section of the prolific Andean | |
| 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 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 drive north of Quito, close to water, power supply and Pacific ports (Figure 1). Having fulfilled its earn in requirements, SolGold is a registered shareholder with an unencumbered legal and beneficial 85% interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel tenement covering approximately 50km2 . A further 80,538m of drilling has been completed since development of the maiden MRE (Figure 2), and major resource growth is expected in a revised MRE. SolGold is now aiming to expand and upgrade the resource, with infill and extension drilling at Alpala Central expected to expand and enrich the high-grade core as well as adding major growth to the overall resource. Exceptional assay results from recent infill and extension drilling at Alpala Central is revealing a more robust high-grade core than estimated in the December 2017 MRE. This recent drilling shows that early stage diorite and quartz diorite intrusions, rich in copper and gold, are far more continuous than previously modelled. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report