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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 11/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-11-2017: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. JV - Drilling results incl. 542m @ 0.37% Cu, 0.22g/t Au from 532m. The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on current drilling at the Cascabel Project, the Company's 85% owned copper-gold porphyry project in Ecuador. SolGold has completed over 56,800m 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, following completion of the Alpala maiden Mineral Resource Estimate planned for release late December 2017, and completion of ground magnetic modelling and Spartan Orion deep IP surveys. Recent assay results received from ALS laboratories in Lima, Peru for Holes 29-D1 and 30-D1 returned the following results (Table 1). A summary of the progress of current drill holes at Alpala are shown below (Table 2). Hole 30-D1 (Rig 1), the daughter hole off Hole 30, returned 542m @ 0.51 % CuEq, incl. 252m @ 0.64 % CuEq. Hole 30 (Rig 1) intersected over 680m of visible mineralisation from 592 to 1276m. Assay results are pending. Holes 30 and 30-D1 extend the Alpala Central deposit approximately 100m southeast of Hole 28. Hole 33 (Rig 6) has intersected over 700m of visible mineralisation thus far from 791m to current depth of 1491m as drilling continues. Hole 33 extends mineralisation approximately 120m above Holes 9 and 5, where the upper extents of the deposit along its western margin remain open towards surface. | |
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