RE: Drilling9 Aug 2022 09:02
This was an RNS we got almost exactly a year ago, the next we hear is it’s one of the concessions being considered for a JV ….. it’s sun up everything wrong with the comms and why so many have seemingly lost faith , this should be a platform to discuss facts but without any it’s difficult….. hopefully the MD&A due any day will give us something tangible to discuss
Ø Drilling has commenced at the Santa Martha copper gold porphyry target at the Sharug Project as part of an initial six-hole drilling program testing extensive coincident surface geochemical and geophysical anomalies
Ø Mineralisation at Santa Martha is part of a 600m wide by 1,200m long northeast trending corridor containing mineralisation styles, size and geometry consistent with surface exposure of a vertically extensive, well-preserved copper-gold porphyry system
Ø The Santa Martha target is characterised by coincident soil Cu, Au, Mo soil geochemistry, porphyry style alteration, and a classic magnetic high surrounded by an annular magnetic low
Ø All scout drilling regulatory approvals have been received for 13 drilling platforms to accommodate multiple holes at the Santa Martha target
Commenting on today's release, Mr Jason Ward, Executive Director and Country Manager for SolGold in Ecuador said:
"Santa Martha displays all of the classic porphyry copper gold signatures that SolGold has recognised through Ecuador and define the blueprint we developed at the tier 1 Alpala project. The permitting and organisation of the Santa Martha programme further endorses SolGold's pan Ecuadorean activities and strategy and are a testament to our hard-working team and supportive government and communities.
It's a further step to becoming a large and integrated explorer, developer and producer in Ecuador, on the most under explored and prospective section of the Andean Copper Belt. SolGold is dominant in Ecuador's exploration effort and results to date endorse this strategy."
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