Recent infill drilling at Alpala Central on the Cascabel project owned by Solgold PLC (LON:SOLG) has delivered what the company called “exceptional” assay results.
These results reveal a far more robust high-grade core to Alpala Central than previously modelled. Among the highlights were 832 metres grading 1.41% copper equivalent, and 562 metres grading 1.72% copper equivalent.
Significant upgrade expected
A significant upgrade is now expected in an upcoming updated mineral resource estimate.
"From a potential mining perspective the updated proposed MRE could provide not only a stronger resource base but also a larger and more cohesive high-grade core which could be mined at a higher production rate in the early years thus enhancing the project NPV and IRR,” said Eduardo Valenzuela, the company's Study Manager.