SP ANGEL, Solgold*s broker has commented on the above ANN.
Quote:
"The mineralisation is reported to be "similar" in style to the LARGE 14m oz Fruta del Norte Project [Lundin Gold] in Ecuador.
"Conclusion: Following the recent announcement of new copper exploration targets at LA HUECA, Solgold*s exploration team have now also found promising gold mineralisation at CISNA LOJA. Although these are still early stage exploration targets, deploying the Ecuadorian exploration e x p e r t i s e it has acquired into other, w h o l l y owned, projects elsewhere in the country is UNCOVERING NEW OPPORTUNITIES FOR SOLGOLD."
SOLGOLD - THE FUTURE?
The ALPALA target at Cascabel, N. Ecuador is now progressing as seen in the 6 June 2018 Announcement [Cannacord Genuity, Hannan & National Bank of Canada broker note as tweeted by Solgold]. The MRE dated 3 Jan 2018 is at 1.08Bt @0.68%Cu Eq. A further update of the MRE is also expected. PEA and PFS is also mentioned in the said Ann of 6.6.18
From the Solgold Presentation [London May 2018] at www.solgold.com.au/presentations/ one will note that it was stated that TREVINO & MORAN could d o u b l e that of Alpala. Trevino drilling has already started.
AGUINAGA is currently being drilled [test drill] of which the initial results have been given via the 6.6.18 Ann. Assays results are awaited for the lower part of these said 2 drill test holes. Aguinaga was said in earlier corp presentations to be similar to Alumbrera in Argentine. www.mining-technology.com/projects/bajo/ stated that "By June 2009, the mine*s reserve base totalled 338Mt proven grading 0.4% copper, 0.39% g/t gold and 0.013% Moly plus 10Mt probable ore reserves 0.33% copper, 0.3g/t gold & 0.015% Moly."
As I had said earlier, the said corporate presentation relating to modelling appears to show that TANDAYAMA AMERICA may be the next drill this year [mentioned in Ann but please check].
There are 15 targets at Cascabel, Ecuador - Solgold 85^%.
Comment:
So one awaits the MRE update and the results of the further test drills.
BHP put in an Investment Proposal on 10 October 2016 [see ANN on www.solgold.com.au ] without an Maiden Resource Statement [MRE]. In one article, it was said BHP wanted to know about 5 targets.
As, investors know, Newcrest in onboard with an investment etc at around that time.
In one article, it was mentioned that a deal will be done if the price is right [please check] and this is normal terminology. But what is right, one does not know as that is up to the management of Solgold.
If the major/s are not going to offer a right price, it may be possible that Solgold goes on to mine Cascabel. This is not new news.
<>LA HUECA & CISNA LOJA [Southern Ecuador]
It may be possible that the other properties 100% owned may be spun out in the same style as what Cornerstone Resources is attempting to do?
THE FUTURE
So, there are quite a few computations but NO ONE knoiws except the management as to what they intend to do. Nicholas Mather*s Linkedin [On open file] does say that he negotiates with govt, financial institutions etc so one is not privy to what is happening.
So, a few thoughts for discussion.
Investors can follow the Solgold story as we progress via RNS/ANN which will be fact.
DYOR. Please check.
Sol1, Hotcopper poster, Fri 8 June 2018
DGR Price at posting:
9.7¢ Sentiment: None Disclosure: Not Held
(20min delay)
