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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 6/29/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-6-2017: SolGold Plc announces an Exploration/Drilling Update report for its Alpala deposit at the Cascabel project. JV with Cornerstone Capital - Drilling results incl. 1030m @ 0.59% Cu, 0.9g/t Au from 490m. The Board of SolGold (AIM code: SOLG) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | The Board of SolGold (AIM code: SOLG) is pleased to provide an update on the assay results from Hole 23R at Cascabel, the Company’s copper-gold porphyry project in Ecuador. Commenting on the results, SolGold CEO Nicholas Mather said: “The results from Hole 23R, the veining at a high angle to the core axis, and the results from Hole 20R to the north strongly suggest extension to Alpala to the north-east. We believe that the core exhibits some strong similarities to the high grade zones at Oyu Tolgoi. The Alpala high grade zone is getting both richer and larger, and presents increasingly realistic potential opportunities for relatively early and low capital cost, high grade underground mining development.” SolGold’s Alpala deposit continues to grow with each new drill hole. Over 39,500m of drilling has been completed to date along the greater Alpala trend. Current drilling focuses on defining the geometry of the growing porphyry copper-gold deposit at Alpala, which is open in virtually all directions, as drill testing to date has not yet defined the extents of the evidently very large and rich Alpala deposit (Figure 1). Hole 23R (Rig 1) assay results returned 1030m grading 1.16 % copper equivalent (0.59 % copper and 0.90 g/t gold) from 492.0m depth. This intersection totalling 1195 metre-percent copper equivalent is noted as one of the most outstanding drilling results in copper and gold exploration history and leaves a large portion of the high-grade core at Alpala open to the east. | |
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