For thousands of other reports visit RSC's Mineral Intellingence Map
SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 11/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2018: SolGold Plc announces a Resource Estimation report for its Alpala deposit at the Cascabel project. Updated mineral resource estimate at the Alpala. Commenting on today’s release, SolGold CEO, Mr Nick Mather said: “We are very happy with the ra | |
| 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: | [Resources]: Martin Pittuck (SRK Consulting Ltd.) | |
| ABSTRACT: | Commenting on today’s release, SolGold CEO, Mr Nick Mather said: “We are very happy with the rapid and inexorable growth of this resource and progression of the Alpala project. The high grade, gold rich core of the deposit now contains double the copper and gold at a higher grade than in December 2017. The high grade resource has increased in size by 99% at a 0.96% CuEq cut off to 420Mt @ 1.47% CuEq. Overall, the resource metal content has increased by 77% at a 0.3 copper equivalent cut-off and by 108% at a 0.2% copper equivalent cut-off. The project has approximately 950 Mt at 0.97% CuEq for 6.1 Mt copper and 16.2 Moz gold, significantly exceeding the generally held requirement of 750Mt @ at a grade of at least 0.9% copper equivalent for Tier 1 status for both copper and gold projects worldwide. Alpala has got more to grow yet and we are pursuing that aggressively over the coming months. The Preliminary Economic Analysis (PEA) is advancing and Feasibility studies will follow seamlessly. Our aim is to fast track towards development. SolGold’s project is Ecuador. We have secured 100% interest in 11 other high priority copper gold targets throughout the 750 kilometre length of Ecuador and our aim is to define a pipeline of tier one and world class copper gold projects along a 750 km stretch of the most neglected sector of the Andean Copper Belt, the world’s most prolific copper province. We aim to drill test these as soon as possible. The skills we've developed at Alpala will make the next generation of SolGold’s discoveries even faster and more efficient. SolGold holds the most extensive and best selected position over 72 licences, covering 11 major targets, as a result if our first mover advantage four years ago in Ecuador. Ecuador covers the same extent, age and gross geology as you see in Northern Chile, which covers 25% of the world’s copper resources. Alpala is just the beginning for SolGold and we can see the emergence of the Company as a copper gold major and Ecuador becoming one of the world’s largest copper producers as a result Global electrification is driving copper demand and “Copper is the new Iron Ore”. It’s a global ‘must have’. | |
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