SolGold PLC Announces Company Update

BISHOPSGATE, LONDON / ACCESSWIRE / September 16, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG) is pleased to provide an update on its 100% owned Cascabel Project ("Cascabel" or "Project"), regional exploration projects, and additional strategic initiatives.

Highlights

SolGold is making significant progress across its portfolio:

• Building on SolGold's previous efforts, preparations for the geotechnical program at Cascabel's Tailings Storage Facility ("TSF") are progressing, with drilling locations and depths established. In recent weeks, scouting efforts have been completed evaluating current operating conditions and access routes, ensuring readiness for the planned mobilization of drill rigs in the fourth quarter of 2024.

• Assay results from the soil samples taken at the Cielito Norte target within the Blanca Nieves project in the first half of 2024 have been received and are undergoing detailed analysis to further understand the mineral potential at this highly prospective target. Cielito Norte covers approximately 6 km² of variable altered and mineralised intrusive and volcanic rocks hosting previously reported high gold grade quartz veins indicative of a significant intrusive related copper and gold system located approximately 8 km north-northwest of Cascabel.^1,2

• SolGold is entering the consultation phase of permitting for the Porvenir Project ("Porvenir"), an essential part of Ecuador's permitting process to enhance community engagement and regulatory compliance. The Company completed the first stage of the permitting process in July, obtaining the advanced exploration permit for Porvenir from the Ministry of Energy and Mines. The successful completion of the consultation process, application submission, and the Ministry of Environment's approval are required for the issuance of the environmental license necessary to enable any potential future drilling activities at Porvenir.

Cascabel Project Update

• In August and September, SolGold hosted site visits from Knight Piésold Pty Ltd (Australia and Peru), SRK Consulting (Canada) Inc., Sedgman Canada Ltd and other consultants. These industry experts, specializing in areas such as Block Caving, Geotechnical Studies, Mining, Geology, Mineral Processing, Metallurgy, TSF, Civil Engineering, Permitting, Environmental, Social, and Governance, engaged with senior management to review and refine Project development strategies, and identify opportunities for improvement in the recent Pre-feasibility Study outcomes for Cascabel.^3,4

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 2798,36$, was eine Steigerung von +5,00% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

HSBC Trinkaus & Burkhardt GmbH

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer