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Regional Exploration - Porvenir Drilling Update
Regional Exploration - Porvenir Drilling Update.
About this update from SolGold PLC
[{"type":"text","content":"\n \n \n \n RNS Number : 7732A\n SolGold PLC\n 01 October 2020\n \n \n \n \n 1 October 2020\n \n \n SolGold plc\n \n \n (\"SolGold\" or the \"Company\")\n \n \n \n \n \n SolGold First Drill Hole at Porvenir Project Discovers New Highly Mineralised Copper-Gold Porphyry System.\n \n \n \n \n \n The Board of SolGold (LSE & TSX: SOLG) is pleased to provide an update on its wholly owned Porvenir Project, held by Green Rock Resources S.A, a 100% owned and unencumbered subsidiary of SolGold.\n \n \n \n \n \n Highlights\n \n \n \n \n \n Ø \n \n PDH-20-001, the first drill hole at the Porvenir, at Cacharposa (formerly Target 15), has so far intersected over 500m of visual copper sulphide mineralisation, hosted by potassium-rich intrusions, as the hole continues towards a planned depth of at least 700m.\n \n \n \n \n \n \n Ø \n \n The dominant copper sulphide mineral observed to date is chalcopyrite, an important ore-forming copper sulphide mineral containing 34.5% copper. Chalcopyrite mineralisation has been observed from 15.9m to the current depth of 525.3m. Detailed core logging, to a depth of 491.0m, shows chalcopyrite percentages of up to an estimated 6.0 % by volume with associated porphyry style total quartz vein abundance of up to a measured 11.7 % by volume.\n \n \n \n \n \n \n Ø \n \n Geological and rock-alteration vectors drawn from surface rock-saw and drill core observations, including an increasing chalcopyrite to pyrite ratio with depth, suggest that more intense mineralisation can be reasonably expected deeper in the system. Globally significant examples of copper-gold porphyry systems hosted by potassium-rich intrusions are numerous.\n \n \n \n \n \n \n Ø \n \n PDH-20-001 is testing below outcropping surface mineralisation, at Cacharposa Target (formerly Target 15), that returned a highly prospective open-ended rock-saw channel assay result in Cacharposa Creek. The assay results (announced 7 May 2019) exhibit an approximate 1:1 copper (%) to gold (g/t) ratio as 147.8m @ 0.69% CuEq (0.43 g/t Au, 0.37% Cu) including, 82.63m @ 1.08% CuEq (0.71 g/t Au, 0.55% Cu). An approximate 1:1 copper to gold ratio is also expected from drill core assays.\n \n \n \n \n \n \n Ø \n Mineralisation in Cacharposa Creek is part of the Cacharposa Trend, a 1700m long nort...