Solgold Share Discussion Threads

[shakester2] 21/2/2017 12:17

Thanks for your replies. I've done some quick research since last post and come to the same conclusion, that both candidates would be mining friendly. :-)

[mirabeau] 21/2/2017 11:21

Moreno is Correa's anointed successor so he'll have been intimately involved in the new mining laws 'revolution' while Lasso is pro-free market, pro-business so one would confidently say that both candidates are committed towards exploiting Ecuador's natural metal resources now they know what's been uncovered at Cascabel.

I doubt they can afford to turn their noses up at the riches that will flow from these types of resources

[hazl] 21/2/2017 10:54

The current leaders have been supportive from what I gather shakes.

IMO

[mam fach] 21/2/2017 10:05

Feels like we are in limbo awaiting news.

[shakester2] 21/2/2017 08:48

Are either candidate considered more friendly?

[lefrene] 21/2/2017 08:11

spacedust. There may have to be a run off unless one candidate gets 40% or more. Can't see anything doing much here until more clarity on the election, TSX listing and, some sort of resource statement. I expect to see short term money taken off the table, I just hope that more patient hands are happy to mop up loose stock at current levels.

[spacedust] 20/2/2017 20:04

I thought the elections were yesterday

[hazl] 20/2/2017 19:21

Sounds like this is turning out to be a great play.as long as the forth coming elections are favourable we are in for a treat l reckon,as holders.

[mirabeau] 20/2/2017 18:17

Paradigm Capital research note dated 13-2-2017 : SOLGOLD (thanks to Pinot on L-SE)

[onedayrodders] 20/2/2017 10:47

I looked at Lithium but isn't it a bit of crowded market and relatively easy to find / mine compared Copper.

I know the big buzz is about the explosion of ev's but ev's also need copper and copper reserve / grades are on the decline so the same play is better served by a Copper play like SOLG.

You could still make money out of the current momentum and excitement short term

[billthebank] 20/2/2017 10:03

A lovely day with Jubilee rising (awaiting RNS) dare I say imminent PREM (The next SOLG through Lithium?) and now just waiting for SOLG to make its next move. One Canadian dollar expectation. What a thorough report . Check out The angry geologist too if not already done. As I said a good day. Decided to narrow my portfolio down to these three plus an old share which one day will recover(I hope!!! LLLOYDS BANK!!) and to be patient over the next 12 months and stop looking every day Will not be trading !!! Good luck to you all. Making up for my worthington losses (praise the lord!!!) GLAHS Apologies for sharing just my early Monday morning ramblings!!

[mirabeau] 20/2/2017 05:19

Mackie Research broker note:

[lefrene] 19/2/2017 21:05

Solg seems to be at the end of the beginning. Still a long way to go to extract full value for share holders, but Nick Mather seems the best man to do it. Two years of drilling to fully prove up Cascabel, and if there really is 10 billion tons or more of commercial grade ore, then the numbers will be eye watering, even with almost 1.5 billion shares in issue.

[hazl] 19/2/2017 20:05

An interesting week ahead likely.

IMO

[hazl] 19/2/2017 12:50

Certainly seems to be buzzing at the moment and lots


of interest being shown in them.

[yufff] 19/2/2017 09:56

Only one way from here and that is up

With patience riches will be rewarded

[markth126] 19/2/2017 09:00

Well worth a listen, my view is this has a lot to run yet and will ultimately be taken out at a price much higher than where we are today. I have changed my horizon from 50p to let's just let value show its full potential. Could be a little gold mine pardon the pun!

[onedayrodders] 18/2/2017 20:41

I think he said by this Tuesday

;o)

[mam fach] 18/2/2017 19:06

That's exactly what Nick Mather said.
So this translates to £4 to £6 ?
What he didn't mention was the time frame.

[mirabeau] 18/2/2017 13:38

Mather thinks that the '10-15x share price appreciation seen so far WILL BE REPLICATED' as we move forward!

[mirabeau] 18/2/2017 13:33

New Nick Mather interview today. 10 mins and well worth a listen

[wisteria2] 18/2/2017 09:17

Thanks Mirabeau, agree it does look good, very good.

[mirabeau] 18/2/2017 08:07

Friday, February 17, 2017
Solgold - Hole 19
DISCLOSURE: I own shares in SolGold

We got partial assays from hole 19 at Alpala, let us see what that it shows and does to the official bad (tm) resource calculations.

Summary

My predictions were very average
My officially bad resources have gone up
Copper 15% to 320Mt @ 0.54% Cu or 6.4Blbs contained copper
Gold 10% to 299Mt @ 0.56 g/t Au or 5.3Moz Au


In an earlier post I made some predictions about future drill results, for hole 19 they were:

0.5% Cu and 0.6 g/t Au from 325.6 to 1161.5m
including ~0.6-0.8% Cu and ~1 g/t Au from 850 to 1161.5m
325.6 to 850 will run around 0.4% Cu and 0.35 g/t Au

What was reported was:



And this is what it looks like in technicolor

Zoomed in - Cu (right) - green zone starts at 572m depth
So they actually hit economic mineralization from 572m depth. I'm ignoring the stuff higher up as it is only grading 0.18% Cu and 0.09 g/t Au, which isn't what you would call well mineralized! We can also see that and even though the assays at depth are pending, the hole seems leave mineralization at 1374m.

However, you can clearly see the very high grade zones (>1% Cu and >1g/t Au) hit in adjacent holes doesn't seem to occur in hole 19. We have 2 options here:

The zone does exist in hole 19, but is much narrower and hasn't been separated in the summary assay table
The very high grade mineralization is small, and restricted to specific zones.


So my prediction was wrong, which sucks, and mineralization appears to be ~200m deeper than originally thought, but i did do a better job at guessing estimating (that sounds more professional) the higher grade zone - I got the start depth correct, but it is ~200m thicker than I thought. I'm also going to give myself some marks for getting the copper grades correct, but I over estimated the gold content.

I'm going to give myself a 4/10. Must try harder....

So what does it do to the resources? Here are the updated numbers.
Copper


Gold


Another 10-15% increase in contained copper and gold, and it seems that we have squeezed over the magical 5 Moz contained gold, which is very nice.

For this I've used the following parameters:

Specific Gravity = 2.7
A NW-SE trend on mineralization - this appears to be similar to that being used by SolGold in their presentation.
200m search (i.e. Leapfrog connects intervals that are within 200m from one another)
this is comfortable for an 'inferred' resource.

You can download the leapfrog model and spreadsheet from here (link)

Exploration upside
I've decided to have a closer look at the data to see what upside there is at Alpala.

red dashed line = my estimate to the limits of mineralization - think of it as a >0.5% CuEq grade shell

We can see that hole 13-003 was drilled over the main mineralized zone, and hole 19 is extending this zone (albeit in small systematic steps) to the SE. We can also see that the grade drops off to depth. This is suggesting the holes are entering the high temperature core of the system, where it is too hot to precipitate copper minerals.

Here is an annotated version of figure 4 that accompanied the latest PR (link).

cyan - where I think the holes being drilled will go; green - holes I would like to see SolGold drill
As Solgold are drilling some very deep drill-holes, we can see that they are not following the planned direction (this is called deviation and is caused by a number of factors - long holes deviate more than short holes). What it seems to show that the 2 holes being drilled at the moment (20, and 21) won't hit their planned targets and:

Hole 20 - will probably hit the high grade zones intercepted by holes 08, 14, and 18 - it will give good numbers but not significantly change the size of the deposit
Hole 21 - that will intersect the same zone hit by hole 19, just 30-50m south of it.

I've drawn a number of green lines on the figure above, these are hypothetical holes that I would like to see drilled (but then again, drawing lines on a map in an air-conditioned office is easy), but it would test some areas where the mineralization is open (especially the zones hit by hole 07 and 17), and change Alpala from a large into a very large deposit.

--

As ever, you need to click the link to see the diagrams etc but Angry Geologist does provide those with limited knowledge of all things geological with a clear analysis of what we have


Looking good

[hazl] 17/2/2017 15:09

EXCELLENT FIND Miraubeau

[mirabeau] 17/2/2017 13:02

Mining Capital's Alastair Ford talks to Proactive's Andrew Scott about Donald Trump overturning a law preventing companies dumping coal mining debris in streams and rivers.
Ford also discusses suspicions that major miners could be tipped to hit the acquisition trail.
Citing the likes of SolGold plc (LON:SOLG) and Kincora Copper Ltd (CVE:KCC) Ford says ''straws in the wind are now appearing and value is being created on a significant scale again.''
''What’s changed is that big money is once again taking an interest''.


Thanks to 'The Italian' on L-S-E

It's a video interview so to see it you must go onto that site ADVFN disapproves of! Pro_Acteev