Bishopsgate, London (FSCwire) - The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on the Alpala Maiden Mineral Resource Estimate ("MRE") underway at the Cascabel Project, the Company's 85% owned copper-gold porphyry project in Ecuador.
HIGHLIGHTS:
- Alpala Maiden Mineral Resource Estimate on track for completion late December.
SolGold's Technical Service Manager Benn Whistler commented on the Alpala Maiden MRE, saying: "We are pleased with the way SRK have been able to replicate the geological detail of the deposit as interpreted in Level Plans and Cross-Sections throughout out the existing deposit, and envisage a very accurate estimate. This maiden resource is by no means a final quantity becuase the deposit is still growing, and as such we plan to announce updated MRE statements on a quarterly basis through 2018."
SolGold's CEo and Managing Director, Mr Nick Mather further remarked: "The Alpala deposit will continue to grow with further drilling expedited through the arrival of 4 more large track mounted drills this month. We plan to immediately follow the MRE up with initiation of a PEA (Preliminary Economic Assessment) of the deposit at Alpala, towards commencement of the PFS (Pre-Feasibility Study planned for instigation in late 2018."
