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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 2/14/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2017: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. JV - Drilling results incl. 1132m @ 0.50% Cu, 0.33g/t Au from 268m. The Board of SolGold (AIM code: SOLG) is pleased to announce assay r | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | The Board of SolGold (AIM code: SOLG) is pleased to announce assay results from Hole 19 at the Alpala deposit at the Company's Cascabel copper-gold porphyry project in Ecuador. The Hole 19 assay results reflect intersections significantly richer in bornite, (a copper rich sulphide mineral containing approximately 63% copper) than in previous drillholes, representing the southernmost and shallowest high grade mineralisation discovered at Alpala to date. ommenting on the result, SolGold CEO Nick Mather said: "Hole 19 has returned another long and well endowed intersection at Alpala. Clearly, this result is endorsing the status of Alpala as not only very big, but with a rich core." Technical services Manager Mr Benn Whistler said: "The widening of the Alpala deposit at shallower levels is giving Alpala some real growth in the upper portion of the deposit, which is proving excitingly rich, with relatively strong bornite mineralisation occurring in Holes 17, 19 and now 22. We believe that drilling results may get better as we head south east. None of us, including our chief advisor Dr Steve Garwin, believes that we've hit the core of the system yet. So the best may be yet to come in our professional opinion. The lower extensions of Alpala have still not been tested and we are excited to continue tracking down what we believe will be Alpala's rich heart." | |
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