Bishopsgate, London (FSCwire) - The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on the drilling programs at Alpala and Aguinaga, at the Company's Cascabel project in Northern Ecuador.
HIGHLIGHTS:
-
Infill drilling at Alpala Central continues to upgrade the high‐grade zone of mineralisation, where early stage copper and gold rich intrusions appear on drill evidence to be more continuous than previously modelled.
-
Extension drilling at Alpala Central continues to deepen, and management believes is suggestive of, an extension to the high‐grade resource along the lower and northeast margins of the deposit.
-
Extension drilling at Alpala Central continues to intersect shallow high‐grade mineralisation above the existing resource limits, along the southwest margin of the deposit, in a large lobe of early diorite intrusion hosting high‐grade mineralisation to within 450m of surface, approximately 250m closer to surface than previously modelled.
-
Extension drilling at Alpala Northwest and Alpala Southeast also continues to enlarge the Alpala Deposit.
-
Exploration drilling at Trivinio reveals a new potential for significant north extensions to the
Alpala Deposit. -
Aguinaga drilling is progressing with Hole 7 under way, as SolGold continues drill testing
identified targets.
Commenting on today’s update CEO, Nick Mather, said “We are very pleased with the rate of drilling completed at Cascabel so far this year. We continue to observe extensive potential resource growth outside current inferred and indicated resource blocks at Alpala. We expect to deliver a substantial conversion of previously estimated resource categories to higher grades as drill hole density increases throughout the deposit area, as well as a significant increase to the resource estimate of the highgrade core at Alpala. A further 70,000m of drilling has been completed since the development of the MRE in December 2017, and significant resource growth is expected in a revised MRE.”
