RE: RNS15 Aug 2025 07:07
· 24 m @0.36 % CuEq (0.21 % Cu, 0.17 g/t Au) from 40
The mineralization found in hole 55 represents the extension towards the SE of hole 58, as these two holes started from the same collar (see figure 4).
· TAD-25-056 (Pit 1):
· 280 m @ 0.32 % CuEq (0.21 % Cu, 0.13 g/t Au)
This hole tested the border of the preliminary Pit 1 design, providing a clear indication that the mineralized body inside contains grades economically minable (see figure 3).
· Holes TAD-57, TAD-59, TAD-60 and TAD-61 have been completed, and all the core samples have already been sent to the laboratory for analysis. When the assay results from the entire hole (s) are received, they will be published.
CEO Dan Vujcic commented:
"TAD-58 is one of the most robust results we've seen from Cascabel to date - with high grades from near surface over substantial widths in a location that aligns with our open-pit to underground strategy. These results continue to show the potential to deliver early, high-margin tonnes from Tandayama-the kind of material that can provide valuable flexibility in the development of Cascabel.
As I've noted on previous occasions, SolGold, relative to global peers and precedents, is considerably undervalued; continuing to deliver results like this and increasing market awareness of the quality of our endowment in Northern Ecuador is how we close the value gap. Early results suggest an increase in the size of the resource being open at depth, and the grades exceed what we have internally modelled previously for the deposit. We will continue to update the market as we finalise and potentially expand the current drill program, while continuing to progress early works and preparation at Alpala."
Even the CEO said SOLG is way undervalued.
I'll see you all at 20p - at least.
Sign In
Follow the stocks
