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SolGold Resumes Regional Exploration Activities in Ecuador

Mining News - Published on Tue, 23 Jun 2020

Image Source: SolGold Coronavirus COVID19
SolGold has provided an update on the Company's regional exploration programme throughout Ecuador. Following the hiatus of all activities due to the COVID-19 pandemic and government restrictions, SolGold has resumed exploration activities on a number of concessions with strict COVID-19 protocols in place. SolGold CEO Nicholas Mather said "SolGold's comprehensive tenure position across the productive metallogenic belts of Ecuador from north to south in our four operational subsidiaries provides the platform for the discovery of a pipeline of wholly owned and significant copper gold porphyry deposits. We believe that this strategy will see SolGold ultimately emerge as one of the world's premier copper gold miners."

Highlights

All regulatory approvals received for scout drilling at Porvenir, La Hueca and Blanca projects

Drilling equipment mobilised to Porvenir, with logistics and camp construction nearing completion

A drill rig is preparing to move to the La Hueca Project

Regional exploration programme fully funded alongside the Company's pre-feasibility study at Alpala, following recent successful capital raising

Ecuadorean government publicly recognised the critical role mineral mining and exploration industry will play in rebuilding national and local economies post COVID-19

National authorities encouraging return to productive activities

Field activities resumed at other priority regional projects including Rio Amarillo, Chical, Cisne-Loja, Sharug and Timbara

SolGold working closely with all levels of government, particularly local COVID-19 Emergency Committees to ensure certain protocols are met to safely restart activities

SolGold continues to explore its extensive tenement portfolio in Ecuador with the goal of becoming a Tier 1 copper and gold producing company. SolGold operates multiple regional field teams that are exploring and assessing 75 regional concessions across 14 provinces in Ecuador. Thus far, the Company has identified 13 priority targets across the regional exploration licenses.

Source :

Posted By : Yogender Pancholi on Tue, 23 Jun 2020
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