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Pre-Feasibility Study Update - Alpala Project
Pre-Feasibility Study Update - Alpala Project.
About this update from SolGold PLC
[{"type":"text","content":"\n \n \n \n RNS Number : 5620A\n SolGold PLC\n 30 September 2020\n \n \n \n \n 30 September 2020\n \n \n \n \n \n SolGold plc\n \n \n (\"SolGold\" or the \"Company\") \n \n \n \n \n PFS Update - Alpala Project,\n Cascabel Concession, Northern Ecuador\n \n \n The Board of Directors of SolGold (LSE & TSX: SOLG) wishes to provide an update regarding the completion of the Pre-feasibility Study (\"PFS\") on the Alpala Project in the Cascabel concession in northern Ecuador (SolGold 85%).\n \n \n \n \n \n SolGold planned a fast delivery of a PFS for completion at the end of Q3 2020. The PFS work program has advanced over the last 18 months, however, the COVID restrictions have limited physical access to site. This has resulted in critical geotechnical data not being available as required to meet the study plan and schedule as originally contemplated. SolGold has been working to recover lost time as a result of restrictions and is now in a position to update the market in respect of the schedule to completion. \n \n \n \n \n \n The PFS is well advanced, and the Company provides the following details with regard to status and completion plans:\n \n \n \n \n \n Ø \n Updated Mineral Resource Estimate (MRE#3) that forms the basis of the PFS study is complete and was announced on 7 April 2020. There have been no changes to MRE#3.\n \n \n Ø \n Geotechnical sampling and testing together with geotechnical domain identification and modelling have represented a significant source of delays and have impacted reliant activities in interpretation and mine planning and extraction models. Collection of the necessary data has now been completed. \n \n \n Ø \n Geotechnical numerical modelling is in the final stages with fragmentation, caveability and stability inputs ready to be fed into the draft PFS mine model and design. \n \n \n Ø \n The hydrogeological model is currently being finalised with the final layout of mine infrastructure (finalisation of ventilation design) required to complete the study. \n \n \n Ø \n Mine design is currently being completed and work is focussed on finalising the development and mining production schedules including the planned underground infrastructure.\n \n \n Ø \n Detailed metallurgy appraisal to a PFS standard is being finalised.\n \n \n Ø \n Process pl...