Business
Cascabel Update: Tandayama-Ameríca Maiden Resource
Cascabel Update: Tandayama-Ameríca Maiden Resource.
About this update from SolGold PLC
[{"type":"text","content":"\n \n \n \n RNS Number : 4393P\n SolGold PLC\n 19 October 2021\n \n \n \n \n 19 October 2021\n \n \n SolGold plc\n \n \n (\"SolGold\" or the \"Company\")\n \n \n SolGold Announces Tandayama-Ameríca Maiden Mineral Resource\n \n \n \n \n \n The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an independently verified update regarding a Mineral Resource Estimate (\"MRE\") for its Tandayama-Ameríca (\"TAM\") porphyry copper-gold deposit at the Cascabel project in northern Ecuador. \n \n \n The TAM deposit lies approximately 3km north of the Alpala deposit.\n \n \n The Alpala deposit comprises 2,663 Mt at 0.53% CuEq [1] in the Measured plus Indicated categories and contained metal content of 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag [2] at the Company's Cascabel project, held by Exploraciones Novomining S.A. (\"ENSA\"), an 85% owned subsidiary of SolGold. \n \n \n SUMMARY OF TANDAYAMA-AMERICA MINERAL RESOURCE ESTIMATE\n \n \n \n \n \n \n Total Mineral Resource of 233.0Mt @ 0.33% CuEq\n \n \n [3]\n containing 0.53Mt Cu and 1.20Moz Au in the Indicated category, plus 197.0Mt @ 0.39% CuEq containing 0.52Mt Cu and 1.24Moz Au in the Inferred category.\n \n \n \n \n \n \n \n Mineral Resource Statement: Effective date 26 August 2021\n \n \n \n \n \n \n Mining Method\n \n \n \n \n Cut-off Grade\n \n \n (CuEq %)\n \n \n \n \n Resource Category\n \n \n \n \n Tonnage\n(Mt)\n \n \n \n \n Grade\n \n \n \n \n Contained Metal\n \n \n \n \n \n \n Cu\n(%)\n \n \n \n \n Au (g/t)\n \n \n \n \n CuEq (%) \n \n \n \n \n Cu (Mt)\n \n \n \n \n Au (Moz)\n \n \n \n \n CuEq (Mt)\n \n \n \n \n \n \n Open Pit\n \n \n \n \n 0.16\n \n \n \n \n Indicated\n \n \n \n \n 201.0\n \n \n \n \n 0.22\n \n \n \n \n 0.16\n \n \n \n \n 0.33\n \n \n \n \n 0.45\n \n \n \n \n 1.06\n \n \n \n \n 0.66\n \n \n \n \n \n \n Inferred\n \n \n \n \n 61.8\n \n \n \n \n 0.25\n \n \n \n \n 0.30\n \n \n \n \n 0.44\n \n \n \n \n 0.16\n \n \n \n \n 0.59\n \n \n \n \n 0.27\n \n \n \n \n \n \n Underground\n \n \n \n \n 0.28\n \n \n \n \n Indicated\n \n \n \n \n 32.0\n \n \n \n \n 0.26\n \n \n \n \n 0.14\n \n \n \n \n 0.35\n \n \n \n \n 0.08\n \n \n \n \n 0.14\n \n \n \n \n 0.11\n \n \n \n \n \n \n Inferred\n \n \n \n \n 135.2\n \n \n \n \n 0.27\n \n \n \n \n 0.15\n \n \n \n \n 0.37\n \n \n \n \n 0.37\n \n \n \n \n 0.65\n \n \n \n \n 0.50\n \n \n \n \n \n ...