"SolGold steps up drilling campaign in Ecuador."-The Northern...

"SolGold steps up drilling campaign in Ecuador."-The Northern Miner, 4 hrs ago, Fri 6 April 2018




Highlights:

<>"With about US$90 million in the bank and plenty of ground still to explore."

<> Alpala, ONE of 15 porphyry targetsS, 50-sq-kim parcel of land.

<>Indicated: 430m tonnes @0.8% copper equiv. +
650 million Inferred tonnes @0.6% equiv-cutoff 0.3% copper equiv

Equates: 7.4 million tonnes contained copper
& 12.3 million ounces of contained gold in all categories.

<>The drilling doing right now focused on the high grade resource...

<>Aguinaga, 3 km from Alpala, 1st hole intersected porphyry style veining & chalco & bornite mineralisation from 295 metre depth. Previous sampling 1.01% copper and 0.7 gram gold per tonne in channel samples.

<> Andes:Chile to Panama host to some of the world*s Biggest porphyry deposits-Escondida in Chile to Cobre Panama {{3.2 billion tonnes GRADING 0.3% copper }} to the north.

<>"Mineralized Envelope, true width up to 800 metres, length of more than 1,500 metres and vertical extent 1,800 metres from surface."

<><><>Toronto based Cormark Securities: Solgold is experiencing a Lull following a wave of Profit Taking & the 2018 program, which will TRIPLE the meterage used in the Maiden Resource , is a "Clear Catalyst" for the Next Wave of Interest in our opinion...

<><><>Rather than Risking its Social Licence by digging an Open Pit, Solgold plans to use Block Cave..Codelco using block cave.... Uses gravity and undercutting techniques to accelerate natural fragmentation and allow the ore to collapse under its own weight...Newcrest uses this method @Cadia told mine in Australia and plans to use it at Wafi Golpu copper-gold porphyry in Papau New Guinea.

<>Moran & Tandayama America are Ready for Drilling and
Drill targeting studies are underway for Chinambitcito, Alpala South, Parambas & Cristal .

Comment:

The noted <><><> is interesting as many were of the opinion that there would be open pit. Also the Tripling of the meterage is also of note. A very definitive update. The grade pointed out at Cobre Panama 3.2 billion tonnes @0.38% copper is interesting. Please check as there can be typo errors.