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SolGold announces recent drilling update at the Company's Cascabel Project

Mining News - Published on Mon, 15 Apr 2019

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The Board of SolGold announced an update on recent drilling at the Company's Cascabel Project in Northern Ecuador. Mr Nick Mather, Chief Executive Officer of SolGold, stated: "The drilling campaign continues to deliver to our expectations with these latest results revealing previously unknown mineralisation and providing a clear indication of the growth potential that exists through the extension of the Alpala resource."


2019 drilling campaign along the greater Alpala trend providing further growth to the Alpala deposit at Alpala NW, Trivinio, Alpala Western Limb and Alpala South

189,984m of diamond drilling comprising 168 drill holes completed to-date on the Alpala Deposit, representing a further 56,408m of drilling completed since release of MRE#2 with 6,654m of recent drilling with assay results pending.

Updates to in-house models, estimated from the additional 49,794m of assay results received since release of MRE#2, support expectations for additional resource growth across both indicated and inferred categories.

Discoveries of previously unknown high grade (>1.5%CuEq) and medium grade (>0.7% CuEq) mineralisation intersected within existing low grade Inferred Resource areas at Alpala highlight ongoing upgrades to existing resource base at Trivinio (Hole 93), Alpala North (Hole 75), Alpala Northwest (Hole 86), and Alpala South (Hole 89).

Drilling highlights:

Potential at Trivinio bolstered by Hole 93 intersection (862m @ 0.43% CuEq), 520m of which lies outside the existing Inferred Resource area.

Alpala North mineralisation remains open to the north, as shown by Hole 75 intersection (1918m @ 0.53% CuEq), 288m of which lies outside the existing Inferred Resource area.

Discovery of previously unknown QD10 source intrusion at Alpala Northwest, intersected in Hole 86 (318m @ 0.67% CuEq incl. 100m @ 1.34% CuEq), highlights potential for further significant resource extension as the 2019 drilling campaign continues.

Alpala South mineralisation remains open to the south and towards surface, as revealed by Hole 89 intersection (420m @ 0.61% CuEq).

Geotechnical, hydrogeological and sterilisation drill testing commences at Cascabel, ahead of release of Preliminary Economic Assessment report.

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Posted By : Rabi Wangkhem on Mon, 15 Apr 2019
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