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Solgold delivers strong infill drill results at Cascabel

Infill drilling shows that the mineralisation in the central section of Alpala is richer than previously thought

Cascabel is very rich in copper

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.


Quick facts: SolGold plc

Price: 19.18 GBX

Market: AIM
Market Cap: £368.89 m

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