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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 7/20/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-7-2016: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. Corrected assay results for Hole 17 - 948m @ 0.60% Cu, 0.53g/t Au from 330m. Further to the announcement of 12 July 2016, the Directors | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | Further to the announcement of 12 July 2016, the Directors of SolGold herewith provide a correction to the assay results from CSD-16-017 (“Hole 17”) at the Cascabel Porphyry Copper-Gold Project in Northern Ecuador. Cascabel is held by Explorationes Novamining SA in which SolGold holds an 85% interest. The correction to Hole 17 results increases the grade of the previously announced intersections, as well as the length of the high grade zone. The Directors of SolGold advise of an increase in the length of and reported grade of the Hole 17 intersections, extending the high grade zone by a further 14 metres below 982m to a depth of 996m, due to corrections to copper grades within the interval from 950m to 1002m. The increase is as a result of the correction of a reporting error by the laboratory and the re-assay of misreported multi-element results corresponding to samples from 950m to 1002m depth. The error was detected by SolGold geologists on site by comparison of visual mineralisation with reported assay grades, after the original results were announced. SolGold runs, as a matter of course, a process of duplicates, standards and blanks in its sample assay protocol which will detect assay errors but did not pick out reporting errors by the assay laboratory. SolGold will adopt a further protocol of comparison of reported assay grade and visual estimates prior to announcement of all assay reporting to avoid this error occurring again in the future. | |
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