Solgold Share Discussion Threads

[pob69] 01/10/2020 08:10

The reslease gets Willem Middlekoop's Commodity Discovery Fund approval on twitter and CEO.ca. This is the fund's rationale - new discovery hole announcements. Will he change sides?....

[mirabeau] 01/10/2020 08:07

Low - Yes,now out of auction with early profit takers

[greenelf] 01/10/2020 08:05

Boooosh.That's better.

[lowtrawler] 01/10/2020 08:05

I take it there's an opening auction taking place?

[mirabeau] 01/10/2020 07:59

Iceberg on LSE : '1.2m put on the bid just now from 28p to 30p'...lovely

[mam fach] 01/10/2020 07:59

Are you a comedian? 75p many times over.

[jammytass] 01/10/2020 07:51

Take out price75p??!!!

[mirabeau] 01/10/2020 07:48

I'm selling when a major takes us out, not before

[lowtrawler] 01/10/2020 07:45

This should generate some of our missing excitement. How high will we go?

[mirabeau] 01/10/2020 07:42

thanks to Iceberg on LSE:

''Massive

Today 07:35
Unwanted to spend a bit of time doing some comparison with early alpala holes, the stock work is far more impressive in porvenir, with greater quartz veining . Also a high chalco content. From the comments they have skirted the high core, which would indicate the core is bigger than alpala.

That the mineralization will increase as they approach the source intrusion is incredible.

Make no mistake in approx 4-5 weeks the AL S results will prove a second alpaca which will be open pit, not block with a much smaller capex, mineralization pretty much from surface...

They have been coy 're good but the level of quartz and the pictures would indicate gold grades considerably above alpala.

Also this is just a porvenir update not la Huec it bodes very well.

It looks like we might have not just the biggest independent tier 1 in the world but also the second biggest.....''

[mam fach] 01/10/2020 07:22

Well, well well.Well done all who have kept the faith.
Didn't we all know this was on the way.
Whoooosh!!!!!!!

[greenelf] 01/10/2020 07:22

Anticipation and excitement are back on the menu, nothing like an expectation of good drill assay results to wet the investor appetite. Nevermind all the other events coming up. Fingers crossed for a stellar October, we deserve it.

[mirabeau] 01/10/2020 07:13

'objective to deliver further Tier 1 discoveries several times over'

[mirabeau] 01/10/2020 07:11

It's near surface as well so cheaper to develop and more economic

[mirabeau] 01/10/2020 07:10

Nick Mather, CEO of SolGold said of the significance of the discovery to SolGold:

"The Cacharposa discovery at Porvenir demonstrates the critical importance of regional exploration to SolGold's corporate strategy and to its shareholders. It justifies SolGold's objective to deliver further Tier 1 discoveries several times over, across SolGold's unique and extensive exploration pipeline of thirteen other 100% owned targets. These targets are covered by granted tenure, throughout the 700km length of three parallel and under-explored metallogenic copper-gold belts in the Ecuadorean sector of the prolific Andean Copper Belt. Ecuador could grow to become a major player in global copper and gold markets, and SolGold will be at the core of that objective."

"Clearly our blueprint of targeting and applying the Alpala geological, exploration and operational blueprint on a string of these targets is working. Progress at Porvenir will be a lot quicker and more efficient than at Alpala given our experience to date. We will apply the same blueprint to all of our targets. Delivery of SolGold's strategy will be transformational for Ecuador and we are building our board and management capabilities financially and operationally to deliver this objective."

[greenelf] 01/10/2020 07:10

This going to be a beautiful story with a very happy ending.

[mirabeau] 01/10/2020 07:10

Commenting on the copper-gold potential of Cacharposa at Porvenir, Dr Steve Garwin independent international porphyry expert and SolGold's Chief Technical Advisor remarked that:

"This porphyry system is characterized by a robust geological setting, geochemical expression and magnetic signature that compares favourably to large, economic and gold-rich porphyry copper systems elsewhere. The initial mineralisation observed in the first drill hole, to date, illustrates the downward continuation of chalcopyrite mineralisation discovered in Cacharposa Creek and highlights the potential for higher copper and gold grades at depth."

"SolGold's pipeline of projects throughout Ecuador is based on the same major geological features that formed the criteria for the targeting and tenement application strategy. Some of these targets are yielding significant copper-gold mineralisation. The results thus far at Cacharposa indicate a strongly mineralised system that could be more extensive than the surface rock-saw results suggest."

[mirabeau] 01/10/2020 07:09

'These kinds of deposits often include a higher-grade core containing bornite, and we believe there is strong potential for a large porphyry copper-gold deposit to be hidden at or near the surface at Cacharposa."

"Cacharposa also exhibits classic porphyry metal- and hydrothermal alteration-zoning at surface with coincident Cu, Mo, Au, Mn, and high Cu-Zn ratio anomalies nested within a classic magnetic high surrounded by an annular magnetic low. Geological mapping and spectral mineralogy data obtained from soil samples show a central potassic alteration zone surrounded by an intermediate argillic halo which is typical of many porphyry copper-gold deposits."

"We are very encouraged by the visible mineralisation and are busy scaling up the drilling fleet to six rigs as quickly as COVID19 restrictions allow.'

6 rigs so more to come

[jammytass] 01/10/2020 07:08

Nice RNS re rate on cards

[mirabeau] 01/10/2020 07:04

''SolGold First Drill Hole at Porvenir Project Discovers New Highly Mineralised Copper-Gold Porphyry System.''

[mam fach] 30/9/2020 23:54

Tomorrow should be interesting.
Up, up and away.
Stay safe.

[mirabeau] 30/9/2020 22:36

It's dilution in exchange for short-term liquidity and in the short term that is the price we must pay for extracting value through monetisation once the PFS and FS are published

Let's face it, SOLG will not be taking Alpala to production and anyone who thinks otherwise is living in La La Land

So, we have the cash we now need to complete our economic studies and for drilling exploration

'certain discoveries' is the term Jason Ward used in his presentation only a few weeks ago.......

[dartboard1] 30/9/2020 22:27

On the royalty, let's face it... SOLg probably won't be taking this to production.. so if the idea is to sell the first project, then I vote for the royalty