For thousands of other reports visit RSC's Mineral Intellingence Map
SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 2/2/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-2-2017: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. Drilling results incl. 1204m @ 0.46% Cu, 0.47g/t Au from 466m. The Board of SolGold (AIM code: SOLG) is pleased to provide the following | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | The Board of SolGold (AIM code: SOLG) is pleased to provide the following exploration update for the Company's Cascabel copper-gold porphyry project in Ecuador. Commenting on the result, SolGold CEO Nick Mather said: “This deposit is getting bigger all the time, we still haven’t closed it off to the south-west, north-east, south-east or vertically. We are very interested in the south-east bornite rich zone, which alone can double the size of Alpala. With the global copper outlook and Alpala growing, we are very excited & looking forward to the Hole 19 results.” The Cascabel Project is located on the gold-rich northern section of the prolific Andean Copper belt renowned as the production base for nearly half of the world’s copper, (Figure 1). 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 3 hours drive north of Quito, close to water, power supply and Pacific Ports (Figure 2). SolGold holds an 85% interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel tenement. Fourteen individual targets have been defined at Cascabel and only one of these, the Alpala Deposit, has been drilled to date (Figure 3). The deposit at Alpala continues to grow with each new drill hole. Drilling continues to focus on defining the geometry of the growing Alpala deposit, which is open in all directions. Some 29,000m of drilling has been completed to date (Figure 4). | |
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