Monday, January 29, 2018

SolGold - SOLG.t

SolGold - SOLG.t is focused on the North Andean Copper Belt in Ecuador. The Company's flagship project is Cascabel.

On January 26, 2018 the company released News

"Solgold PLC has provided an update from the company's Cascabel project in Northern Ecuador, where drilling is currently focused on targeting high-grade extensions to the Alpala resource.
  • 12 rigs now on site and operational at Alpala;
  • An additional 13,384 metres of drilling completed since release of Alpala maiden mineral resource estimate cut-off (published on Jan. 3, 2018, refer to attached table). Over 120,000 m of drilling scheduled for the next 12 months;
  • Alpala drill hole targeting high-grade extensions to the current Alpala resource;
  • Hole 33 high-grade mineralization extension: 824 m at 0.80 per cent copper equivalent, including 576 m at 0.93 per cent CuEq;
  • Drilling cost reduced to $530/m from $1,100/m;