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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 4/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-4-2020: SolGold Plc announces a Resource Estimation report for its Alpala deposit at the Cascabel project. Updated Mineral Resource Estimate for Project. The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an independently verified | |
| Resources: | (Resources, M+I): 2.663Bt @ 0.37% Cu, 0.25g/t Au, 1.08ppm Ag | |
| CP/QP: | [Resources]: Cecilia Artica (Mining Plus Pty Ltd.) | |
| ABSTRACT: | The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an independently verified update regarding the third Mineral Resource Estimate (MRE#3) for its flagship Alpala Porphyry CopperGold Deposit at the Cascabel Project in Northern Ecuador. Alpala Deposit Mineral Resource Update Following a further 83,650m of infill drilling since the previous Mineral Resource Estimate (MRE#2) reported in November 2018, the Company has been successful in delivering the conversion of considerable tonnages into the Measured Resource category, plus the addition of 1.6 Mt Cu, 2.5 Moz Au, and 92.2 Moz Ag (not previously estimated) to Measured plus Indicated Mineral Resources. Increased drill hole density throughout the deposit has also yielded a dramatic increase in the confidence and economic viability of the Alpala Mineral Resource. The Mineral Resource is constrained within a 3D Underground Optimised Shape (UOS) and as a result a large percentage of the Mineral Resource is expected to be converted to Mineral Reserves following completion of the Pre-Feasibility Study (“PFS”) currently underway. | |
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