Post by
BSdetector2016 on Dec 17, 2020 6:50am
More ore next door at Tandayama-America?
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% CuEq containing 3.8 Mt Cu and 12.3 Moz Au in the measured plus indicated categories.
The first hole at Tandayama-America, TAD-20-001 is at a current depth of 595m. Drilling initially intersected visible chalcopyrite copper sulphide mineralisation from 55m depth, with significant increase in chalcopyrite abundance occurring from 327m. At 524.5m depth, drilling passed into a zone of strong visible chalcopyrite copper sulphide mineralisation within a quartz-diorite intrusion.
Detailed core logging across the quartz-diorite intrusion intersected so far in TAD-20-001 estimates chalcopyrite percentages of up to 4 % by volume with associated porphyry style total quartz vein abundance of up to a measured 35 % by volume.
The Tandayama-America target characterised by coincident Cu-Mo-Au soil geochemical highs centred upon outcropping mineralisation in Tandayama and America creeks, which remained untested previously due to the high demand of drilling rigs at the Alpala Project.