Solgold Share Discussion Threads

[onedayrodders] 25/10/2016 09:55

from 17th July RNS

"The gold content of this system suggests that it may be more appropriately referred to as a gold deposit. There simply aren't very many gold systems like this in the world that are big rich and predictable. Cascabel is certainly unique."

[onedayrodders] 25/10/2016 09:46

Bill .. perhaps there has been a leak on the drill 16 results

[franki8] 25/10/2016 09:17

mcap over 400m...

[hazl] 25/10/2016 08:42

' SolGold is a Brisbane, Australia based, AIM--listed (SOLG) copper gold exploration and development company with assets in Ecuador, the Solomon Islands and Australia. The Company's primary objective is to discover and define world--class copper--gold deposits. SolGold's Board and Management Team have substantial vested interests in the success of Company, as well as strong track records in the areas of exploration, mine development, investment, finance and law. SolGold's experience is augmented by state of the art geophysical and modelling techniques and the guidance of Newmont trained porphyry expert Dr Steve Garwin.

From a corporate perspective, SolGold has recently announced capital raisings involving Maxit Capital LP and Newcrest International Ltd, both undertaken at substantial premiums to previous raisings. Once completed, SolGold will have raised USD48 million in funding to continue the exploration and development of its flagship Cascabel Project. Also as a result of these raisings, Mr Scott Caldwell (CEO of TSX-listed Guyana Goldfields Inc) joined the SolGold Board on 9 September 2016. Mr Caldwell is a mining engineer with over 30 years of experience building and operating gold and base metal mines worldwide, including USA, Canada, Russia, Zimbabwe, Chile and Indonesia.

Cascabel, the Company's world class flagship copper--gold porphyry project, is located in North West Ecuador on the under--explored northern section of the richly endowed Andean Copper Belt. SolGold owns 85% of Exploraciones Novomining S.A. ("ENSA") and approximately 11% of TSX--V--listed Cornerstone Capital Resources, which holds the remaining 15% of ENSA, the Ecuadorian registered company which holds 100% of the Cascabel concession.

To date SolGold has completed geological mapping, 25km(2) of soil sampling, 14km(2) and an additional 9km(2) Induced Polarisation and Magnetotelluric "Orion" surveys over the Alpala cluster and Aguinaga targets respectively. By June 2016, the Company had also completed approximately 23,700m of drilling and expended a total of approximately USD33m on the program, corporate costs and investments into Cornerstone. Intense diamond drilling is planned for the next 12 months with multiple drill rigs.

Cascabel is characterised by fourteen (14) identified targets, world class drilling intersections over 1km in length, and high copper and gold grades, as well as logistic advantages in location, elevation, water supply, proximity to roads, port and power services and a progressive legislative approach to resource development in Ecuador. To date, SolGold has drill tested only one of the 14 targets, being Alpala.

SolGold is planning a resource statement at Alpala (the most advanced target at Cascabel) during 2016. This has been delayed by the discovery of high-grade mineralisation in Hole 17 at Alpala, extending the immediate resource potential. Alpala is open at depth in the upper extensions, and to the north, north-east, south-west and south-east. The mineralised zone at Alpala and Moran is closely modelled by magnetic signatures and currently encompasses over 10Bt of magnetic rocks expected to be mineralised with copper and gold.

SolGold will drill test other key targets within the Cascabel concession at Aguinaga, Trivino, Moran, Alpala Northwest, Hematite Hill, Alpala Southeast, Cristal, Parambas, Carmen Tandayama-America and Chinambicito. The Company is planning further metallurgical testing by the end of 2016, and completion of a conceptual early stage mine and plant design and a scoping study for an economic development at Cascabel. SolGold is investigating both high tonnage / low-medium grade open cut and underground block caving operations, and a high grade / low tonnage underground development.

Drill hole intercepts are calculated using a data aggregation method, defined by copper equivalent cut-off grades and reported with up to 10m internal dilution, excluding bridging to a single sample. Copper equivalent grades are calculated using a gold conversion factor of 0.89, determined using copper price of USD2.20/pound and gold price of USD1350/ounce.

Following a comprehensive review of the geology and prospectivity of Ecuador, SolGold and its subsidiaries have also applied for additional exploration licences in Ecuador over a number of additional promising porphyry copper gold targets elsewhere in the Country. '

[gersemi] 25/10/2016 08:23

Enjoy your profits and don't let them disappear ffs..

it's always nice to see the little people making money

[flavio_monteiro] 25/10/2016 08:20

Congratulations to all SOLG holders, Sadly not in here but happy to see a great story unfold....

[chesty1] 25/10/2016 08:17

Will turn red today.

[mrshaungcm] 25/10/2016 08:15

off we go again

[lefrene] 24/10/2016 23:25

Oh well that's it then, £5 a share by the middle of next week! :¬D

[billthebank] 24/10/2016 22:48

DO NOT FORGET THIS:-

Dundee Capital

In our view, Cascabel demonstrates all of the geologic, geophysical and geochemical
attributes that could allow it to evolve into a giant porphyry copper-gold deposit. The
current footprint of Alpala alone measures approximately 250m by 100m and has a dip
extent of over 1,300m. By comparison, The Wafi-Golpu deposit in Papua, New Guinea
covers about 400m by 400m and has a dip dimension of 1,700m and contains more than
20MM ounces of gold and 9MMt of copper at similar grades to Alpala Central. Given the
fact that the deposit remains open and there are at least fourteen additional targets to be
tested, we consider Cascabel to be one of the most exciting exploration projects active
today.

ALSO........... Anyone contacted the company to establish when we get the results from drill 16 at Alpala where they stopped drilling as the results were so good!!!!!

[billthebank] 24/10/2016 20:54

On the LSE Web site

SOLG thread

[smoothtrader] 24/10/2016 20:32

Bill..Where u looking mate..can't see that many 100k buys?

[smoothtrader] 24/10/2016 20:30

Normally when price rises for no apparent reason (minus the latest recent news)....often an RNS follows.Someone is a happy to buy that these cost.

[billthebank] 24/10/2016 20:27

3000000 shares sold in the closing session Tomorrow will see more buying I reckon Someone has an agenda I repeat 3M shares!!!!im blocks of circa 100K plus

[beaubally2] 24/10/2016 18:11

Cool hand kev I was in when they went to 80p I think they could go somewhere near that again just on hope value but near term I think late teens. will get back in at 17 if I am lucky or I may have missed the express train leaving the station goog luck to all holding

[billthebank] 24/10/2016 18:03

Well we touched 28p today which was unsurprising if like me you think there is a buyer in the back ground Notice no comment from the company that they no of no reason blah blah blah. I reckon we could be on our way to the low 30s very shortly. We will see. watching MARL and ASA closely too!!!

[smoothtrader] 24/10/2016 16:42

At that interest will only fuel the push until further news is out.Hold on...is what I'm doing. It's best to turn off your monitor time to time.

[lefrene] 24/10/2016 16:25

At some point the MM's always try to shake out stock for their bigger clients, so perhaps we have that to come tomorrow? A thing to remember though is that this was going nowhere until the interest of Newcrest and BHP got behind it, will there be any other interested parties?

[mam fach] 24/10/2016 15:45

Scaremongering has begun then. Rampers & derampers just ignore them.

[chesty1] 24/10/2016 15:24

Look at the chart from august....amazing.Gutted I bailed out but genuinely pleased for all longs.Watching to see just how high this one will go before being dumped....or will it??

[kdr246] 24/10/2016 15:24

Something to think about....BHP are already in the region.They will be fully aware of the geophysics.More importantly, they will have a hurdle rate on an acquisition ie what is the value of the project and what value they can derive from it.It will be A LOT higher than this current mkt cap.I agree with Brahms ...the price action indicates we are nowhere near that hurdle rate and that it feels like the share is being absorbed and a stake or stakes being built.

[europa79] 24/10/2016 15:21

Well done to the LTH's here who kept their nerve (unlike me :-/)
Genuinely chuffed for you; it doesn't happen that often.

[lefrene] 24/10/2016 15:18

In the past it was a complete wildcat stab in the dark punt, now it's a known resource which looks to grow very much larger than previously thought, with perhaps a shallow depth deposit that could pay the early stages of the mining process. All we need now is for a Chinese big hitter to decide that they want it :¬D

[brahmsnliszt] 24/10/2016 15:10

maybe apfindley, but someone with more knowledge than you or I and with far deeper pockets than all of us put together is accumulating here.