RE: Via Minera just out5 Apr 2021 16:03
SOLG) reported this week that its exploration program in Ecuador is focused on 13 high priority projects, five of which are now considered core targets and show very encouraging results.
SolGold's campaign in Ecuador coordinates several teams that systematically evaluate 75 regional concessions in 14 provinces.
On the other hand, in early March SolGold began a process to identify potential partners in more than 10 of its exploration projects, which contain 20 prospective concessions covering 86,000 hectares. In this regard, he hopes that the negotiations for the Aurora, El Descanso, Agustín, Yatubi, Zhucay, Machos, San Antonio, Carmen, El Cisne and Sacapalca projects will continue in the next period.
Operating results
SolGold reports that the Porvenir project has received strong drilling results to date. Commenting on them, SolGold's Technical Services Manager, Benn Whistler, said that “they are a testament to the quality of the Company's regional exploration portfolio and we look forward to adding more tonnage to the Company's resource base as exploration continues. in the country".
The Cacharposa deposit covers about one square kilometer on the surface and covers a vertical column of more than 900 m, which is more than the tallest building in the world. The mineralization remains open to the north, south and at depth, and the geometry and copper and gold grades achieved through drilling so far are considered suitable for large-scale mining methods.
Currently three teams are working on drilling wells 12-14. The tests of Wells 5, 6 and 7 yielded encouraging results, thus Well 5 intersected 528m containing 0.35% CuEq from the surface, including 102m @ 0.66% CuEq from 78m.
Well 6: 818m containing 0.41% CuEq from 46m, including 138m @ 0.74% CuEq from 540m.
Well 7: 570m containing 0.75% CuEq from 288m, including 204m @ 1.23% CuEq from 316m.
The Porvenir project is located approximately 100km north of the Peruvian border, in southern Ecuador. The Cacharposa copper-gold porphyry target is part of a mineralized corridor 1,700 m long trending north and up to 1,000 m wide.
Wells 8-11 have been drilled on the project and wells 12-14 are currently being drilled.
The 2021 drilling program at Cacharposa is designed to test a mineralized corridor in an area of ??1,700 m by 1,000 m.
Blanca Project
In the Cerro Quiroz target, the tests received from BDH-20-004 yielded 9 m containing 3.12 g / t Au, 7.5 g / t Ag, 0.74% Zn from 440 m depth, including 2 m containing 12.62 g / t Au, 24.9 g / t Ag and 1.39% Zn
The gold mineralization found at Cerro Quiroz occurs coinciding with the anomalous geochemistry of silver, copper, and tellurium. The presence of gold telluride mineralization is conspicuous at the Cielito narrow vein gold prospect, which is approximately 500m to the northeast.
The Blanca project is located approximately 8km northeast of the Alpala project in northern Ecuador