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Alpala Pre-Feasibility Study Update
Alpala Pre-Feasibility Study Update.
About this update from SolGold PLC
[{"type":"text","content":"\n \n \n \n RNS Number : 7534U\n SolGold PLC\n 08 April 2021\n \n \n \n \n 08 April 2021\n \n \n SolGold plc\n \n \n (\"SolGold\" or the \"Company\")\n \n \n Alpala Pre-Feasibility Study Update\n \n \n \n \n \n The Board of Directors of SolGold \n (LSE & TSX code: SOLG) \n wishes to provide an update regarding progress of the Pre-Feasibility Study (\"PFS\") with respect to the Alpala copper-gold porphyry project (\"Project\") on the Cascabel concession in northern Ecuador\n . \n \n \n The Alpala Project Team and the Project Committee, chaired by Interim CEO Keith Marshall, are making good progress studying potential Alpala mine plans while addressing a number of mine development and metallurgical enhancements as well as potential upsides, and are continuing to target the release of the PFS in \n late 2021\n .\n \n \n The Alpala deposit comprises 2,663 Mt at 0.53% CuEq in the Measured plus Indicated categories and contained metal content of 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag [1]. The core of the deposit measures approximately 900m in height and 500m in diameter. Given the size and geometry of the deposit, the Company is quite optimistic that the PFS will demonstrate that it is amenable to underground caving mining methods.\n \n \n The Company is confident that this revised approach being studied from that which was previously considered is much more beneficial for SolGold and will deliver significant shareholder value. The Company is currently expanding its team of experienced technical staff, with Ms Lisa Park, Head of Metallurgy having officially joined in recent days.\n \n \n Key considerations that suggest the superiority of the revised approach currently being studied for the development of the Project include:\n \n \n · \n much earlier access to the resource with shortest time to potential first production;\n \n \n ·\n a more selective mining approach, without sterilising the remaining resource, reducing dilution without compromising metal extraction;\n \n \n ·\n optimal size and orientation of an underground footprint with the potential for two extraction levels to minimise dilution and upfront development Capex; and\n \n \n · \n mining of higher head grades in the earlier years of potential production.\n \n \n The company is optimistic that the revised mine plan currently being studied as part of the P...