SolGold (TSX: SOLG, LSE:SOLG) is focused on the discovery of world class copper-gold porphyries in Ecuador. SolGold owns 85% of the Cascabel Project, which has yielded significant intersections for porphyry copper-gold exploration. The project announced its Maiden Mineral Resource Estimate for the Alpala deposit at Cascabel at the beginning of 2018 and the Company plans to provide an updated resource as more drill holes are assayed.
SolGold has been strongly endorsed by Newcrest Mining, who own 13.58% of the company & in October SolGold completed a 100m share placement to BHP Billiton Limited, increasing BHPs ownership to 11.18%, . SolGold has extensive exploration upside with 72 further concessions throughout Ecuador and aims to use the Cascabel blueprint to explore these regional areas through its four, 100% owned, subsidiaries.
Plans and Latest Developments:
SolGold has completed over 140,000m of drilling within the 50km2 concession. There are currently 12 rigs operating at the Cascabel Project and the PEA is currently underway. Further drill testing at Alpala will focus on expanding and infilling the Alpala Central area, expanding the system at Alpala Northwest and Trivinio and testing extensions of the system at Alpala Southeast. SolGold is actively exploring its 10 major targets across the regional concessions and has recently announced exciting visuals and rock chip samples from these tenement areas.
Stock Exchange Listing:
Copper | Gold
Stage of Development:
Countries of Operation:
Ecuador | Australia | Solomon Islands
Board and Management:
- Nicholas Mather – Chief Executive Officer
- Brian Moller – Chairman
- John Bovard – Non-Executive Director
- Robert Weinberg – Non-Executive Director
- Craig Jones – Non-Executive Director
- Jason Ward – Country Manager
- Steve Garwin – Chief Technical Advisor
- Benn Whistler – Technical Services Manager
- Anna Legge – PR & Investor Relations
- Newcrest Mining – 14.54%
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