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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala, Aguinaga | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 7/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-7-2018: SolGold Plc announces an Exploration/Drilling Update report for its Alpala, Aguinaga deposit at the Cascabel project. JV - Drilling results incl. 4m @ 0.21% Cu, 172g/t Au from 448m. The Board of SolGold (LSE and TSX code: SOLG) is pleased to pr | |
| Resources: | (Resource): 430Mt @ 0.5% Cu, 0.4g/t Au (Ind.) and 650Mt @ 0.4% Cu, 0.3g/t Au (Inf.) 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 on the drilling programs at Alpala and Aguinaga, at the Company’s Cascabel project in Northern Ecuador. The Cascabel Project is located on the northern section of the prolific Andean Copper belt, renowned as the base for nearly half of the world’s copper production. The project area hosts mineralisation of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte in northern Ecuador, approximately three-hour drive north of Quito, close to water, power supply and Pacific ports (Figure 1). Having fulfilled its earn in requirements, SolGold is a registered shareholder with an unencumbered legal and beneficial 85% interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel tenement covering approximately 50km2 . Approximately 127,000m of diamond drilling has been completed on the project. Currently, 12 drill rigs are active on site, with 10 rigs drilling on the Alpala cluster (Figure 2), and 2 rigs drilling at the Aguinaga prospect (Figure 3). The Cascabel drill program focusses on extending and infilling the Alpala Resource, as well as further drill testing of the evolving Aguinaga prospect, as drilling homes in on the geometry and extent of early diorite intrusions hosting copper-gold mineralisation. Drill testing of the Trivinio target has commenced, whilst the numerous other untested targets, namely at Moran, Cristal, Tandayama-America and Chinambicito, are flagged for drill testing as overall program demands allow. | |
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