For thousands of other reports visit RSC's Mineral Intellingence Map
SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Cascabel | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 7/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-7-2017: SolGold Plc announces an Exploration/Drilling Update report for its Cascabel deposit at the Cascabel project. Summary of exploration at the property in support of TSX listing. SolGold PLC, a Brisbane-based mineral exploration company operates t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Gilbertson (SRK Consulting) | |
| ABSTRACT: | SolGold PLC, a Brisbane-based mineral exploration company operates the Cascabel Project through their 85% ownership of Exploraciones Novomining S.A. The Cascabel Project comprises a single licence of area 50km2 in northern Ecuador. Within this licence exists the Alpala copper/gold porphyry which is at an advanced level of exploration. Alpala was discovered through a series of discovery trench/channel samples in the Alpala creek in 2012 followed by systematic soil geochemical and airborne geophysical surveys through 2013 and 2014. Since September 2013 the Alpala cluster of porphyry centres has been subject to diamond core drilling which has resulted in significant economically mineralised intersections. A review of these intersections shows that drilling illustrates 3D continuity of mineralisation and that this mineralisation remains open in multiple directions. Using SolGold’s internal schedule and budget, SRK ES has outlined the current phase of exploration starting from the end of 2016 and taking the project up to the end of 2018. This phase will bring SolGold up to the next decision point. It will involve continued mapping, soil and channel sampling, further airborne geophysics, topographical surveying and an additional 145,550m of core drilling. It should also include further metallurgical testing and Mineral Resource estimate. During the proposed 2017/2018 exploration phase, 65 percent of the core drilling will be targeting Alpala. The man-portable drill rigs are scheduled to continue to define the mineralised body through sub-vertical drillholes, while the current Major Drilling tracked drill rig, as well as up to a further three tracked drill rigs, will conduct fan drilling through a series of deep holes and wedged splays on targeted levels on a 200 m vertical spacing. Based on SolGold’s internal schedule and budget, SRK ES has constructed a working budget from this phase of work which equates to US$32.2M. It has been put together under a number of assumptions as well as actual contract quotes and costs. This has been reviewed by SRK ES and found to be reasonable. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report