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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 1/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-1-2018: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. Drilling results incl. 824m @ 0.54% Cu, 0.42g/t Au. The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update from t | |
| Resources: | (Resource, I+I): 1.08Bt @ 0.68% CuEq. 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 from the Company’s Cascabel Project in Northern Ecuador, where drilling is currently focussed on targeting high grade extensions to the Alpala resource. Commenting on the progress, SolGold CEO and Managing Director Nick Mather said: “The maiden resource is just the tip of the iceberg at Alpala. We are looking to substantially increase it, and focussing on high grade expansion. The bornite rich areas at Alpala South are yet to be comprehensively tested, and I’m confident we will find a deep, rich root at Alpala. We plan to drill at least 120,000m in 2018, so it is pleasing to see that the new track-mounted rigs are already performing beyond expectations, delivering up to 60 metres/day each. Furthermore, the average cost for drilling has declined markedly from $1,100/metre to $530/metre”. Hole 33-D1 has drilled across the orebody from northeast to southwest, intersecting intensely mineralised diorite porphyry from 1042m to 1161m and is continuing onwardsto test for extensions to the west of a late-mineralisation “D20” diorite dyke. Assay results are pending. Hole 36 has intersected an intensely mineralised diorite intrusion and is expected to extend the Mineral Resource down dip and to the northeast. | |
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