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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 12/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-12-2017: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. Drilling results incl. 772m @ 0.48% Cu, 0.22g/t Au from 532m. SolGold has completed over 63,000m of diamond drilling at Alpala (Figure | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | SolGold has completed over 63,000m of diamond drilling at Alpala (Figure 1). Over 120,000m of drilling is planned for 2018. SolGold has drill tested 5 of 15 copper-gold targets delineated in the 50km2 tenement with a focus on Alpala. The remainder of the targets are scheduled for testing in 2018, subject to ongoing technical assessment, following completion of the Alpala maiden Mineral Resource Estimate which is planned for release shortly, and completion of ground magnetic modelling and Spartan Orion deep IP surveys. Recent assay results received from ALS Laboratories in Lima, Peru for drilling at Alpala returned the following results (Table 1). Detailed summary of the progress of current drill holes at Alpala are shown below (Table 2). Hole 26-D2 (Alpala NW) returned 453.7m @ 0.53 % CuEq (open-ended), incl. 229.7m @ 0.75 % CuEq. Hole 26-D2 ended in mineralisation at 1333.65m, due to reaching limits of drilling capabilities in that hole. Hole 26-D3 (Alpala NW) intersected approximately 1136m of visible mineralisation (936-2072m), and ended in mineralisation due to limit of drilling capabilities. Assay results are pending. Hole 26-D3 confirms major extension to the northwest, along the Alpala trend, and represents the deepest strongly mineralised, open ended intercept on the project to date. Hole 29-D2 (Alpala East) returned 484m @ 0.49 % CuEq, incl. 146m @ 0.74 % CuEq. Hole 29-D3 (Alpala East) intersected approximately 243m of visible mineralisation (949-1192m). Assay results are pending. | |
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