THE DEFINING SOLG ANNOUNCEMENT [RNS], Fri, 13 July 2018
Highlights:
"AGUINAGA Hole 6 intersects strong mineralisation 30m below surface...Has confirmed near surface potential....with visual estimate of OVER 3% Chalcopyrite mineralisation. Aguinaga is progressing with Hole 7 underway. Hole 7 has thus far intersected 67m of visual copper sulphide mineralisation from 55m below surface...Scope for significant near surface copper gold deposit at Aguinaga may prove beneficial as early MILL FEED..."
"Assay results from the initial 53,616m of drilling at Alpala were incorporated into the Alpala Maiden Resource Statement {MRE} ...and announcement on 3 Jan 2018. A FURTHER 73,384m of drilling has been completed since development of the MRE, and MAJOR resource growth is expected in a Revised MRE."
"The recent ongoing drilling at Alpala Central is also predicted to predicted to Significantly Increase the Resource Estimate of the High Grade Core at Alpala. Infill drilling at Alpala Central is expected to UPGRADE the high grade resource, where early stage copper and gold rich intrusions appear on drill evidence to be More Continuous than previously modelled."
"Exploration drilling at TREVINO prospect recently revealed a New Potential for Major North extensions to Alpala deposit."
Comment:
The defining announcement due to:
1) Aguinaga as awaited for and results as above.
2)MRE- 53,616m MRE vs 73,384m further drilling completed-Reviseed MRE awaited.
3) Trevino info as above, another target
4) Alpala Central and the high core as above.
Everything that was awaited.
Sol1, Fri 13 July 2018
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