Announcement Date: 2022-05-26
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: SolGold Plc
Project name: Cascabel
Location: Ecuador
Commodities: Gold,Copper
Highlight: Updated Resource Estimate for TAM Deposit
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an independently verified update regarding the Mineral Resource Estimate (“MRE”) for its Tandayama-America (“TAM”) porphyry copper-gold deposit at the Cascabel project in northern Ecuador. The TAM deposit lies approximately 3km north of the Alpala deposit that comprises 2,663 Mt at 0.53% CuEq [1] in the Measured plus Indicated categories and contained metal content of 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag [2] at the Company’s Cascabel project, held by Exploraciones Novomining S.A. (“ENSA”), an 85% owned subsidiary of SolGold. HIGHLIGHTS Total Mineral Resource at the TAM deposit is updated to 528.5Mt @ 0.36% CuEq for 1.27Mt Cu, and 3.16Moz Au in the Measured plus Indicated categories, equating to an increase in contained metal of approximately 0.74 Mt Cu and 1.96 Moz Au compared to the maiden MRE announced on 19 October 2021.
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