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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

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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: 15.5 GBX

AIM:SOLG
Market: AIM
Market Cap: £298.11 m
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