SolGold stories first useful resource estimate for Cacharposa deposit in Ecuador

At a 0.16% copper-equivalent cut-off grade, Cacharposa’s indicated sources whole 397 million tonnes grading 0.35% copper and 0.14 gram gold per tonne (0.44% copper-equivalent) for 1.4 million tonnes of contained copper and 1.8 million oz. gold (1.75 million tonnes of copper-equivalent).

Inferred sources add 96.9 million tonnes grading 0.29% copper and 0.12 gram gold per tonne (0.37% copper-equivalent) for 280,000 tonnes of copper and 380,000 oz. of gold (360,000 tonnes copper-equivalent).

The corporate famous that the useful resource “contains sturdy grades uncovered at floor over a 650 metre lengthy strike size,” and that open-pit optimization research “present that this near-surface zone is indicative of a possible starter pit of 44 million tonnes grading 0.64% copper-equivalent (0.44% copper, o.34 gram gold per tonne).”

SolGold’s CEO, Darryl Cuzzubbo, mentioned in a press launch that the useful resource estimate and “continued encouraging drilling outcomes” have been a “testomony to the standard of the corporate’s regional exploration portfolio.”

“While the sturdy grades uncovered at floor at Cacharposa attest to the financial potential, the Porvenr challenge continues to develop and with quite a few different close by mineralized targets recognized, we consider the Porvenir challenge has the potential to turn out to be a really important copper-gold porphyry camp.”

The corporate reported drill outcomes from Cacharposa on December 6, with highlights of 722 metres grading 0.66% copper-equivalent ranging from floor and together with 118 metres of 1.13% copper-equivalent ranging from 12 metres in drill gap PDH-21-019; and 124 metres grading 0.76% copper-equivalent from 478 metres in drill gap PDH-21-018; and 122 metres of 0.44% copper-equivalent from 8 metres downhole in PDH-21-020.

The corporate has one drill rig turning at Cacharposa and two rigs on the close by Mula Muerta satellite tv for pc goal.

(This text first appeared in The Northern Miner)


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