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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Alpala, Aguinaga | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 6/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-6-2018: SolGold Plc announces an Exploration/Drilling Update report for its Alpala, Aguinaga deposit at the Cascabel project. JV - Drilling results incl. 1046m @ 0.48% CuEq. The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update | |
| 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. Commenting on today’s update CEO, Nick Mather, said “We are very pleased with the rate of drilling completed at Cascabel so far this year. We continue to observe extensive potential resource growth outside current inferred and indicated resource blocks at Alpala. We expect to deliver a substantial conversion of previously estimated resource categoriesto higher grades as drill hole density increases throughout the deposit area, as well as a significant increase to the resource estimate of the high‐ grade core at Alpala. A further 70,000m of drilling has been completed since the development of the MRE in December 2017, and significant resource growth is expected in a revised MRE.” FURTHER INFORMATION 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 islocated at Rocafuerte in northern Ecuador, approximately three‐hour’s drive north of Quito, close to water, power supply and Pacific ports (Figure 1). | |
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