Red Cloud update8 Apr 2020 14:56
Alpala Resource Update In line with Our Expectations - SolGold plc (TSX:SOLG, LSE:SOLG, BUY, C$1.50 target, Jacob Willoughby) - SolGold released an updated resource estimate for its Alpala deposit in Northern Ecuador. The update converted resources into the measured category while adding tonnage to the indicated category. This update also greatly improved the confidence of the estimate and the high grade core should prove key to unlocking the value from this world class deposit. As the mood surrounding base metal stocks is currently depressed, now could be a great buying opportunity for SolGold share