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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 8/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-8-2018: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. JV - Drilling results incl. 582m @ 0.64% Cu, 0.85g/t Au. The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update o | |
| 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 Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on recent drilling at Alpala Central, at the Company’s Cascabel project in Northern Ecuador. Commenting on today’s release, Mr Benn Whistler, the Company’s Technical Services Manager, said: “A major chunk of all the gold mined globally is sourced from porphyry deposits as a by-product of their copper concentrates. The Alpala Deposit already has 6.0MOz of gold in the Indicated category, and 6.3MOz of gold in the Inferred category in addition to the 2.3Mt of copper in the Indicated category and 2.9Mt of copper in the Inferred category of the Alpala Maiden Resource published in January 2018 (Refer Table B in the Notes to Editors for full details). The additional 83 kilometres of drilling completed since the initial resource estimate has provided robust infill drilling results like Hole 57 which returned over 560m @ 1.7%CuEq.” “More recently, Hole 41-D1-D2, returned a similar result, and is one of several recent infill holes that traverse across the core of the deposit at declination angles as low as 43 degrees. These, and other drill holes, now updated into 3D geological and grade models on site confirm the core of the deposit to have uninterrupted true dimension of up to 750m vertically, 700m long, and 300m wide, at a cut-off grade of 1.5% CuEq. The actual grade of this gold rich internal core (to the larger deposit) will of course be significantly higher grade than the cut-off grade. Additional, high grade tonnage being defined along the western lobe, which lies in a slightly raised position, adjacent to the high grade core is very encouraging. The outstanding 17,000m of planned drilling (at Alpala) will see 100km of further drilling incorporated into an updated MRE (Mineral Resource Estimate) to provide an even stronger resource base for the project.” | |
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