Solgold, Garwin references28 Oct 2020 05:26
https://www.streetwisereports.com/article/2020/10/27/what-determines-success-for-this-junior-its-at-the-end-of-the-drill-bit.html
'So that's when we were speaking to guys like Steve Garwin about this, and we're very, very lucky to have Steve Garwin, who's now one of the key architects of the Cascabel discovery and the growth of that asset with the whole SolGold team, which has done an amazing job building a 10-million-ton copper play with some 23 million ounces of gold up in Ecuador, and is one of the leading discoveries globally.
So to have Steve Garwin come over and say, "I'll help out and I'll lead your team," to guide us through how we're going to model this and target this—I guess the proof is in the pudding, six world-class intercepts now and a maiden resource of nearly half a billion tons within a year, it speaks volumes.'
'The gold industry is also having a tough time finding large accumulations of gold in one deposit. It's probably pretty natural that they start looking over into the copper-gold space, where the Newcrest Mining Ltd. (NCM:ASX) companies of the world have fantastic deposits like Cadiam and we spoke about SolGold. Twenty-three million ounces of gold sitting in Alpala at the moment and obviously some very exciting exploration upside that some playing out at the moment. But to have a 23-million-ounce gold deposit just on its own, gee, I think that probably marries with one of the biggest deposits that the gold space has been trying for many years to get up and developed, which is Pascua Lama. It's sitting at 4,200, 4,600 meters altitude, with the border of Argentina and Chile going through the middle of the pit they've tried to develop. That thing is what?—$6 to $7 billion, now stated development value for 23 million ounces of gold.'
'So you get that as a credit now in a porphyry copper-gold deposit. And importantly, you've got the primary value attribute, which is the copper, which if you want to look at it from a gold perspective, wow, you're getting all your gold for probably, I don't know, the lowest quartile of production costs in the industry. So these deposits are immense stores of metal, and gold is one of those things that now has the gold space looking into large, porphyry copper-gold just to be able to get their hands on big gold deposits, and something that the gold industry is finding hard to find is tier-one gold deposits. The five-million and the 10-million-ounce-plus deposits are very rare.'
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