Member Info for Padmaster

I've made a comment on angryanonimous's blog challenging the misinformation. It was quickly removed!
The sensible thing is to ignore this amateur.

Happy Christmas to all of my Solg cyber friends and a prosperous New Year (and goodwill to all, yes, even to the infestors).

Time for a song.

We three rigs of Cascabel are,
Drilling Alpala a Tier 1 by far,
Waiting for drilling,
Results is thrilling,
NM's a superstar.

Will we have to wait another 9 months for the next one? The sooner NM copulates with Gina Rinehart the better.

Yes BNC lol - not long to wait now methinks!

As if we didn't know!
Bloomberg - battle for Solgold is looming.

https://www.bloomberg.com/news/articles/2018-12-19/after-europe-mining-stocks-humbling-year-five-themes-for-2019?utm_source=google&utm_medium=bd&cmpId=google

" A battle to control SolGold Plc is looming, with both BHP and Newcrest Mining Ltd. building stakes in the promising copper and gold producer."

Thanks Pinot. A large chunk there!

From various sources I make the following to be major shareholders. 75% held here. No more than 25% in free float.

Newcrest 15.33%
BHP 11.29%
Black rock 6.18%
HSBC 1.33%
Royal Bank Canada 1.11%
Hargreaves Lansdowne 1.08%
Other institutions 3.4%
Cornerstone 10.03%
DGR 12.04%
Tenstar 7.0%
NM 4.87%
Other Directors 0.72%

Any others? Rousseau/Irwin?

There are some people who always seem angry and continuously look for conflict.

The battle they are fighting isn't with you, it is with themselves.

Beware - the wolves in sheep's clothing are back. These leopards can't change their spots.
Groundhog day. You don't fool us.

The Solg invest champion Strider,
Was seen as the WRES board divider,
The WRES clowns are here,
With anger severe,
Now Strider's the WRES board outsider.

Strider - thanks for reminding us of the great things happening with Solg. Keep it going

Cookie , I assumed by the content and thread of that article that "THE private company" was Solg?

The Ecuadorian government must know what and who will be investing there.

That"all be about right for exploration and drilling costs for 11 further tier 1 discoveries.

GLA

Yes cookie, I think the little fellas will want to secure their pipeline of ore supplies for their future growth.

https://www.eluniverso.com/noticias/2018/12/12/nota/7094289/minera-australiana-solgold-lleva-95-millones-invertidos?device=tablet

The Deputy Minister of Mining, Fernando Benalcázar , reported that the company (Solgold)has invested some $ 95 million since 2012, of which $ 51 million has been this year alone.

It is also planned to make new investments for $ 90 million more between 2019 and 2020.

Additionally, he stressed that after the construction and production entry of the mine, an additional $ 2,500 million could be injected by the private company. Thus, according to Benalcázar, "mining is the economic solution for the country."

https://www.recursosyenergia.gob.ec/autoridades-y-medios-de-comunicacion-constataron-avances-en-cascabel-el-proyecto-de-cobre-y-oro-mas-grande-de-ecuador/

Authorities and media confirmed progress in Cascabel, the largest copper and gold project in Ecuador

Cascabel mining project, drilling platform -Taladro A 89.
PRESS RELEASE

Imbabura, December 11, 2018

According to the latest estimates, the Alpala deposit contains more than 10.9 million tons of copper and more than 23 million ounces of gold.

On Tuesday, December 11, the Deputy Minister of Mines, Fernando L. Benalcázar, and the Executive President of SolGold in Ecuador, Jason Ward, traveled with the press to the Cascabel mining project in the province of Imbabura, to see in situ the advances in the advanced exploration drilling in the Alpala copper-gold porphyry deposit, considered the largest in Ecuador.

According to the latest estimates, the Alpala deposit contains more than 10.9 million tons of copper and more than 23 million ounces of gold, which has been recognized by external consultants qualified as a Tier 1 deposit. Copper projects Level 1 are very rare and scarce, but contribute more than half of the world's copper production.

In Cascabel, 12 drilling machines are operating, dedicated to drilling wells up to 2,400 meters deep, which allow us to delimit the mineralized body and confirm the resources in the Alpala deposit.

Exploration works in this mining project currently generate more than 400 jobs, of which 98% are Ecuadorian.

Deputy Minister Fernando L. Benalcázar highlighted the investment generated by mining. "To date, the Cascabel project has invested 95 million dollars, of that figure, close to 51 million corresponds to the investment executed in 2018 and 70 million more are planned for 2019," he reported.

He also stressed the work of community relations that has stimulated the economy of the sector, generating direct jobs, as well as undertakings for the provision of supplies, food preparation, transport cooperatives, hardware stores, among others.

For his part, Jason Ward highlighted the potential of Cascabel to contribute to the development of the country, both for investment and for job creation and; the payment of taxes and royalties. "When the Alpala mine finally begins its construction, we estimate that more than 7,000 people will be required. It will be an underground mine and will be developed with the most advanced technology to minimize the environmental impact, "he said.

During the tour, the media visited the drilling platforms, the Alpala camp and learned first-hand how the water treatment and recirculation systems work in the company's operation, allowing 90% of the resource to be reused.

The National Government promotes mining in the country, hand in hand with responsible companies that operate with the best industry standards and comply with national regulations, without neglecting the community.

Beware of the shytehouse spider.

https://www.independent.co.uk/news/world/australasia/deadly-redback-spider-bites-builder-on-his-penis-as-he-sits-on-the-toilet-in-kogarah-sydney-in-a7003341.html

SolGold recently upgraded its maiden mineral resource estimate for the Alpala project to an indicated resources of 2.05bnt grading 0.6% copper equivalent, at a 0.2% cut-off. An additional 900mt is also classed as inferred at an average grade of 0.35% copper.
The updated study also significantly expanded the high grade core of the deposit, defined by the 0.9% copper equivalent cut-off grade, to 420mt at an average grade 0.86% copper and 0.9g/t gold for an equivalent copper grade of 1.47%.
Conclusion: SolGold has assembled an enthusiastic technical team at Cascabel who are methodically drilling through and around the resource. Drilling continues to intersect long and highly mineralised sections and should now enable the evaluating the potential economics of a large-scale underground block-cave mine at Alpala in Ecuador.

The latest two drill holes reported show mineralisation starting from 1,004m down the drill hole followed by a second hole where mineralisation starts at 740m down the hole which are fairly typical of the Alpala resource, both holes will be near vertical. It will be interesting to see the results of the PEA, the estimated multi-billion dollar capital cost and the value this gives to this large-scale underground project.

Potential shallower resources to NorthWest at Trivinio offers the potential to dramatically change the economics of the Alpala project if shown to have significant higher-grade copper/gold mineralisation.

Both BHP (US$45M) and Newcrest (US$62.8m) have put substantial sums into the company and while this may be small change for some, the funding should enable the evaluation of a large-scale development plan.

Other exploration around Alpala driving SolGold

A recent interview by Jason Ward, SolGold’s Country Manager describes the other exploration within the license area at Cascabel and elsewhere in Ecuador.
Ward refers to making discoveries with the regional projects – 11 high-priority projects, where they are applying for drill permits and will be drilling in 2019
The Blanca epithermal target is 8km NW of Cascabel while another epithermal target in the South shows high-grade gold veins all over the mountain.
A number of porphyry targets also host allot of potential according to Ward who has spent the last few years in Ecuador.
Ward also describes the Alpala resource estimate as a ‘bit of a dream come true’ and refers to the employment of ‘upwards of 7,000 people’ at Cascabel as the company goes into construction.
See: https://twitter.com/SolGold_plc?lang=en, http://www.solgold.com.au/videos/
A second video on the SolGold website shows Benn Whistler, the Technical Services Manager talking about the 2019 drilling program.
The drilling contractors had a busy year drilling 120,000m at Alpala. The campaign has drilled out most of the resource though the resource remains open at shallower levels to Alpala SouthEast and Alpala NorthWest / Trivinio with some higher grade zones within a hydrothermal breccia indicating the probability of some highly mineralised rock below.
This will use some 7-9 rigs in 2019 to determine what lies in this area.
The drillers are also gearing up for a load of geotechnical drilling to check ground conditions for a planned decline, implying that the team are gearing up in preparation for a positive decision on the financing and development of the Alpala project.
The team is looking to prepare the ground through geotechnical drilling for stockpile, plant, tailings areas etc..
Benn sees focus also extending to the regional projects outside the Alpala where the Alpala model is grey.
Any remaining rigs will move onto the more regional targets.
A further video shows, Eduardo Valenzuela, the Preliminary Economic Assessment study manager, extoling the virtues of underground and block cave mining and the relatively small footprint which will be used at the Alpala project if it is mined.
Valenzuela, refers to the early extraction of a cohesive high-grade core at Alpala and the relative benefits of the location in terms of its proximity to water and power supplies and relatively low altitude.
Metallurgical work is ongoing and it will be interesting to see the recovery rates of the copper with the gold and how this impacts plant design and tailings issues.
The high grade zone shown in company presentations runs at >1.5% copper equivalent surrounded by >0.7% cu eq and >0.3% cu eq mineralisation.
SolGold recently upgraded its maiden mineral resource estimate for the Alpala project to an indicated resources of 2.05bnt grading 0.6% copper equivalent, at a 0.2% cut-off. An additional 900mt is also classed as inferred at an av

Doesn’t like that eh?

Try searching v o x markets spangel morning view