SolGold Plc Announces Filing of the Preliminary Economic Assessment for its Alpala Copper-Gold-Silver Deposit, Cascabel Project, Northern Ecuador
BISHOPSGATE, LONDON / ACCESSWIRE / June 28, 2019 / SolGold Plc (LSE & TSX: SOLG) ("SolGold" or the "Company") is pleased to announce that the Preliminary Economic Assessment ("PEA") prepared for the Company's Cascabel Project, Alpala Copper-Gold-Silver Deposit under the National Instrument 43-101 ("NI 43-101") Reporting Standards has been filed with SEDAR. The results of the PEA were announced in the Company's news release dated May 20, 2019. SolGold holds an 85% registered and beneficial interest in ENSA (Exploraciones Novomining S.A.) which holds 100% of the Cascabel Project.
The PEA dated June 7, 2019, with an Effective Date of March 25, 2019 and titled "Cascabel Project, Northern Ecuador, Alpala Copper-Gold-Silver Deposit, Preliminary Economic Assessment (PEA)" was prepared by independent consultants Wood plc in the role of Lead Consultants with direct responsibility for the Minerals Processing, Materials Handling and Project Infrastructure components of the study, and the participation of SRK Consulting (UK) Limited (Resource Estimation), SRK Exploration Services Limited (Geology), Mining Plus Pty Ltd (Geotechnical, Hydrogeology and Mine Planning), Knight Piésold Ltd (Environmental and Community), and Ernst and Young (Economic Analysis).
The Technical Report is available for review on SEDAR ( www.sedar.com) and on the Company's website (www.solgold.com.au).
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 until the release of this announcement.
Qualified Person:
Technical and scientific information in this report has been reviewed by Mr Jason Ward ((CP) B.Sc. Geol.), the Chief Geologist of the Company. Mr Ward is a Fellow of the Australasian Institute of Mining and Metallurgy, holds the designation FAusIMM (CP), and has in excess of 20 years' experience in mineral exploration and is a Qualified Person for the purposes of the relevant LSE and TSX Rules. Mr Ward consents to the inclusion of the information in the form and context in which it appears.
