10 mins ago, 3 Nov 2017
"BHP believes copper*s time has arrived."- Australian Mining, 3 Nov 2017
Extract:
"However, the co hopes to build on this portfolio by i n c r e a s i n g exploration for copper.
Copper exploration these days is as a trade off between depth & maturity. The mature, well established and explored regions such as Chile clearly less likely to host a b i g d i s c o v e r y c l o s e to the s u r f a c e, with new deposits more likely to be at d e p t h....and therefore more difficult to i d e n t i f y.
However, Malchuk believes as BHP ventures into less m a t u r e regions, where exploration has been lower, such as ECUADOR, the potential for for n e w d i s c o v e r i e s to the SURFACE is greater."
[Daniel Malchuk is BHP America*s Operation President]
Comment:
I am not a shareholder of DGR Global, Australia. However, I am from the UK where Solgold is listed. I am cognisant from DGR*s activity reports that Solgold represents a huge asset value in terms of an open market value (DGR owns some 15% mark in Solg whose market cap is British £481 million @31.75 British pence).
Given Solgold 2nd discovery (n e a r s u r f a ce ) at La Hueca, Southern Ecuador of very recent days, this is of interest naturally to shareholders of DGR and Solgold.
BHP is now making the news in the UK via the Financial Times, Times of London etc + Mining.com and now Australian Mining. The above article from Australian Mining is the latest and it contains further details. [Ref: Copper Exploration news + Strategy]
Given Solgold*s flagship project is Cascabel, Ecuador wherein the Alpala project is a deeper target (Maiden Resource Statement by end 2017), the recent more surface new discovery is therefore of great interest.
We are told that other majors are going into Ecuador (wont mention names) and this has been already reported.
As shareholders of Solgold and by extension DGR, both would be interested in the e x i t s t r a t e gy of Solgold.
BHP is now in the news relating to copper in general and Ecuador in particular.
I trust this explains matters.
Suffice is the information for readers to peruse through.
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