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Solgold announces 1Bt maiden Cascabel resource

One of the most eagerly awaited maiden resource estimates for some time has finally hit the wires with SolGold (LN:SOLG) reporting a NI 43-101 compliant resource of 1.08 billion tonnes grading 0.68% copper-equivalent at the Alpala deposit of its Cascabel copper-gold porphyry project in Ecuador.

Paul Harris
The Alpala block model

The Alpala block model

Alpala hosts 5.2Mt of copper and 12.3 million ounces of gold resources, with 40-60% of that in the indicated category. That is based on a 0.3% CuEq cutoff, a copper price of US$2.80 per pound ($6,174 per...

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