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SolGold PLC Announces Cascabel Exploration Update
December 17, 2020 GMT
First Drill Hole at Tandayama-America Discovers Highly Mineralised System
BISHOPSGATE, LONDON / ACCESSWIRE / December 17, 2020 / The Board of SolGold (LSE & TSX: SOLG) is pleased to provide an update on its Cascabel Project, held by Exploraciones Novomining S.A, an 85% owned subsidiary of SolGold.
Highlights
Drilling at Tandayama-America porphyry copper-gold target is currently intersecting strong visible chalcopyrite copper sulphide mineralisation within a quartz-diorite intrusion.
The mineralisation intersected at Tandayama-America is very similar to the “QD10” quartz-diorite source intrusion at the Company’s flagship Alpala Project which lies only 3km to south. The QD10 source intrusion at Alpala is almost wholly responsible for the presence of the high-grade core of the deposit which has 442 Mt at 1.40% CuE
(2)
Vancouver, British Columbia (Newsfile Corp. - December 16, 2020) -
Aguila American Gold Limited (TSXV: AGL) (WKN: A2DR6E) ( Aguila or the Company ) is pleased to announce the safe and successful completion of the Company s maiden drill program at the WUSA project in Oregon, USA. Four diamond core holes achieved planned target depths for a total of 649 meters. The drilling crew is now demobilizing from site.
The WUSA drill program tested the
Scorpion-Cinnabar prospect, one of four prospects identified at the WUSA Gold Project to date. Scorpion-Cinnabar is defined by a 2.2 km long and up to 400-metre-wide gold and arsenic in soil geochemical anomaly that trends south of the historic Black Butte epithermal mercury mine. An association between mercury and epithermal gold mineralization is very common, where gold may lie at depth or along strike from the mercury enriched zone.
Figure 1 - Koumandara Project & Dabokuy 2 Property Location
ABOUT SARAMA RESOURCES LTD
Sarama Resources Ltd (TSXV:SWA) is a West African focused gold explorer and developer with substantial landholdings in south-west Burkina Faso. Sarama is focused on maximising the value of its strategic assets and advancing its key projects towards development.
Sarama s Sanutura Project, in which the Company holds a 100% interest, is principally located within the prolific Houndé Greenstone Belt in south-west Burkina Faso and is the exploration and development focus of the Company. The project hosts the Tankoro Deposit which has a mineral resource of
0.6Moz gold (indicated) and
(1) and also the Bondi Deposit
Sarama Resources Ltd.: Sarama Resources Re-Issued the Prospective Dabokuy 2 Exploration Permit in Burkina Faso
Sarama or the
Company ) (TSX-V:SWA) is pleased to announce that the Government of Burkina Faso has issued the Company a new Exploration Permit (the
Permit ) covering the prospective Dabokuy 2 Property (
Dabokuy 2 or the
Property ) in south-western Burkina Faso.
The new Permit is effectively a re-issue of the previously expired Dabokuy Exploration Permit and covers the same 56km² area.
The Property is part of the Company s 100%-owned
Koumandara Project
(6) (the
Project ), located within the Banfora Belt in south-western Burkina Faso (refer Figure 1). Based on previous exploration work by Sarama, the Project is considered prospective for high-grade gold mineralisation, yet is relatively unexplored.
Rio Tinto today unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world. The definitive estimate details how Oyu Tolgoi underground will achieve sustainable production for Panel 0 by October 2022 for development capital of $6.75 billion.
Rio Tinto and its partners, the Government of Mongolia and Turquoise Hill Resources (TRQ), need to continue to work together to finalise three other milestones - the outstanding government approvals, funding and a power solution - in order to ensure that the project can commence caving operations in 2021. This will unlock the most valuable part of Oyu Tolgoi, delivering significant benefits for the shareholders of Oyu Tolgoi and the people of Mongolia.