REG - SolGold PLC - Porvenir Update: Cacharposa Maiden Resource
15/12/2021 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211215:nRSO6612Va&default-theme=true
RNS Number : 6612V SolGold PLC 15 December 2021
15 December 2021
SolGold plc
("SolGold" or the "Company")
Cacharposa Maiden Mineral Resource Estimate
The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide
an independently verified update regarding the maiden Mineral Resource
Estimate ("MRE") for its Cacharposa ("CAC") porphyry copper-gold deposit at
the Porvenir project in southern Ecuador, held by Green Rock Resources S.A., a
100% owned and unencumbered subsidiary of SolGold.
HIGHLIGHTS
· Total Mineral Resource of 396.8Mt @ 0.44% CuEq ( 1 ) for 1.40 Mt Cu,
and 1.80 Moz Au in the Indicated category, plus 96.9 Mt @ 0.37% CuEq for 0.28
Mt Cu, and 0.38 Moz Au in the Inferred category, using a cut-off grade of
0.16% CuEq.
Mineral Resource Statement (effective date 26 October 2021)
Potential Mining Method Cut-off Grade Resource Category Tonnage (Mt) Grade Contained Metal
(Cu Eq %)
Cu (%) Au (g/t) CuEq (%) Cu (Mt) Au (Moz) CuEq (Mt)
Open Pit 0.16 Indicated 396.8 0.35 0.14 0.44 1.40 1.80 1.75
Inferred 96.9 0.29 0.12 0.37 0.28 0.38 0.36
Notes: Detailed notes on qualified person, cut-off grades, copper equivalency
and compliance are provided in "Further Information".
· The Mineral Resource includes strong grades exposed at surface over a
650m long strike length.
· Open Pit Optimisation studies performed independently by Mining Plus
Pty Ltd utilising Geovia Whittle(TM) software, show that this near-surface
zone is indicative of a potential starter pit of 44.0Mt grading 0.64% CuEq
(0.44% Cu, 0.34g/t Au).
· Open pit optimisation results further identify an internal,
higher-grade, potentially open-pittable zone, containing 181.3Mt grading 0.52%
CuEq (0.37% Cu, 0.23g/t Au).
· The full extent and tenor of the mineralised systems at the Porvenir
project have not yet been tested. Drilling continues at Porvenir with one
drill rig operating at the Cacharposa deposit and two drill rigs operating at
the nearby Mula Muerta satellite target.
SolGold CEO, Mr Darryl Cuzzubbo, commented on today's release:
"The maiden MRE for Cacharposa and continued encouraging drilling results are
a testament to the quality of the Company's regional exploration portfolio.
Whilst the strong grades exposed at surface at Cacharposa attest to the
economic potential, the Porvenir project continues to grow and with numerous
other nearby mineralised targets identified, we believe the Porvenir project
has the potential to become a very significant copper-gold porphyry camp."
1 Copper equivalency factor of 0.632 (whereby CuEq = Cu + Au x 0.632) is
based on third party metal price research, forecasting of Cu and Au prices,
and a cost structure from mining study data available from a similar deposit.
Costs include mining, processing and general and administration (G&A). Net
Smelter Return (NSR) includes off-site realisation (TC/RC) including
royalties, metallurgical recoveries (84% for Cu and 65% for Au) and metal
prices of Cu at US$3.30/lb and Au at US$1,700/oz.
References to figures relate to the version visible in PDF format by clicking
the link below:
http://www.rns-pdf.londonstockexchange.com/rns/6612V_1-2021-12-14.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6612V_1-2021-12-14.pdf)
FURTHER INFORMATION
The Porvenir project lies approximately 100km north of the Ecuador-Peru border
(Figure 1), approximately 100km south of the 9.48 Moz Au Fruta Del Norte
deposit ( 2 ), and is held by Green Rock Resources S.A., a 100% owned and
unencumbered subsidiary of SolGold.
On 26(th) October 2021, a data cut-off was applied to the CAC dataset for the
purposes of Mineral Resource Estimation. The CAC maiden MRE dataset comprised
18,635.7m of diamond drilling from holes 1-23, 439.6m of surface rock-saw
channel sampling from 23 outcrops, and 16,982.4m of final assay results from
holes 1-20 (Figure 2).
A Mineral Resource has been completed for the CAC deposit, totalling 396.8Mt @
0.44% CuEq for 1.40 Mt Cu, and 1.80 Moz Au in the Indicated category, plus
96.9 Mt @ 0.37% CuEq for 0.28 Mt Cu, and 0.38 Moz Au in the Inferred category,
using a cut-off grade of 0.16% CuEq (Table 1).
Mineral Resource Statement (effective date 26 October 2021)
Potential Mining Method Cut-off Grade Resource Category Tonnage (Mt) Grade Contained Metal
(Cu Eq %)
Cu (%) Au (g/t) CuEq (%) Cu (Mt) Au (Moz) CuEq (Mt)
Open Pit 0.16 Indicated 396.8 0.35 0.14 0.44 1.40 1.80 1.75
Inferred 96.9 0.29 0.12 0.37 0.28 0.38 0.36
Notes:
1. Dr Andrew Fowler, MAusIMM CP(Geo), Principal Geology Consultant of
Mining Plus, is responsible for this Mineral Resource statement and is an
"independent Qualified Person" as such term is defined in NI 43-101.
2. The Mineral Resource is reported using a cut-off grade calculated for
the open pit mining method.
3. Copper equivalency factor of 0.632 (whereby CuEq = Cu + Au x 0.632) is
based on third party metal price research, forecasting of Cu and Au prices,
and a cost structure from mining study data available from a similar
deposit. Costs include mining, processing and general and administration
(G&A). Net Smelter Return (NSR) includes off-site realisation (TC/RC)
including royalties, metallurgical recoveries (84% for Cu and 65% for Au) and
metal prices of Cu at US$3.30/lb and Au at US$1,700/oz. The Mineral Resource
is considered to have reasonable prospects for eventual economic extraction by
open pit mining methods.
4. Mineral Resources are not Mineral Reserves and do not have
demonstrated economic viability.
5. The statement uses the terminology, definitions and guidelines given
in the CIM Standards on Mineral Resources and Mineral Reserves (May 2014) as
required by NI 43-101.
7. Figures may not compute due to rounding.
Table 1: Cacharposa Mineral Resource Statement.
A sensitivity analysis on cut-off grades ranging from 0.10% CuEq to 1.00% CuEq
is provided in Table 2.
Mineral Resource Sensitivity Analysis (Cut-off Grade)
Potential Mining Method Cut-off Grade Resource Category Tonnage (Mt) Grade Contained Metal
(Cu Eq %)
Cu (%) Au (g/t) CuEq (%) Cu (Mt) Au (Moz) CuEq (Mt)
Open Pit 0.1 Indicated 417.0 0.34 0.14 0.43 1.42 1.83 1.78
Inferred 189.8 0.19 0.09 0.25 0.36 0.55 0.47
0.16 Indicated 396.8 0.35 0.14 0.44 1.40 1.80 1.75
Inferred 96.9 0.29 0.12 0.37 0.28 0.38 0.36
0.2 Indicated 376.8 0.36 0.14 0.46 1.37 1.76 1.72
Inferred 91.1 0.30 0.12 0.38 0.28 0.36 0.35
0.3 Indicated 273.1 0.42 0.17 0.53 1.15 1.52 1.45
Inferred 56.5 0.36 0.15 0.46 0.21 0.27 0.26
0.4 Indicated 170.3 0.51 0.22 0.64 0.86 1.19 1.10
Inferred 25.9 0.46 0.20 0.59 0.12 0.17 0.15
0.5 Indicated 114.5 0.58 0.26 0.74 0.66 0.94 0.85
Inferred 12.5 0.58 0.27 0.75 0.07 0.11 0.09
0.6 Indicated 75.3 0.65 0.30 0.84 0.49 0.73 0.63
Inferred 7.2 0.69 0.35 0.90 0.05 0.08 0.07
0.7 Indicated 50.0 0.72 0.36 0.94 0.36 0.57 0.47
Inferred 4.4 0.81 0.42 1.07 0.04 0.06 0.05
0.8 Indicated 33.7 0.78 0.41 1.04 0.26 0.44 0.35
Inferred 3.2 0.90 0.46 1.19 0.03 0.05 0.04
0.9 Indicated 23.1 0.84 0.45 1.12 0.19 0.33 0.26
Inferred 2.7 0.95 0.49 1.26 0.03 0.04 0.03
1.0 Indicated 15.6 0.90 0.49 1.21 0.14 0.25 0.19
Inferred 2.3 0.98 0.51 1.31 0.02 0.04 0.03
Table 2: Cacharposa Mineral Resource Sensitivity Analysis (Sensitivity to
Cut-off Grade).
The full extent and tenor of the mineralised systems at the Porvenir project
have not yet been tested, with mineralisation open at the north and south
extremities of the potential pit area (Figure 2).
Drilling continues at Porvenir with one drill rig operating at the Cacharposa
deposit, and two drill rigs operating at the nearby Mula Muerta satellite
target, (inclusive of the Viño target).
An NI 43-101 Technical Report on the Porvenir Property is being prepared and
is planned for filing at www.sedar.com in 45 days' time.
The estimation process followed the Canadian Institute of Mining, Metallurgy
and Petroleum ("CIM") "Estimation of Mineral Resources and Mineral Reserves
Best Practice Guidelines" (CIM, 2019). The Mineral Resource Estimate is
stated in accordance with CIM Definition Standards (CIM, 2014) and Canadian
National Instrument 43-101 ("NI 43-101").
Ordinary Kriging ("OK") was run in three search passes and with soft
boundaries using Leapfrog Edge software. The estimation of Cu and Au was
confined within 3D estimation domains, which were based on the combination of
two 3D wireframe interpretations:
· Grade Shell Interpretation: Low-, Medium- and High- tenor CuEq grade
shells equating to CuEq cut-off grades of 0.15%, 0.40% and 0.70% respectively.
· Lithological Interpretation: Modelling of six rock groups, comprising
"HR" (pre-mineral diorite and volcanic host rocks), "EM" (early-mineral
diorite and quartz-monzonite), "IM" (intra-mineral intrusive breccia, diorite,
quartz-monzonite and monzonite), "LM" (late-mineral diorite, quartz-monzonite
and monzonite), "PM" (post-mineral hydrothermal breccia and diorite), and
"SOI" (soil and oxidised rock).
Model validation tests have not exhibited any material bias between the input
composite grades and the block model estimates.
The CAC MRE is constrained within a 3D Open Pit Optimised Shape ("OP")
generated from an independent open pit optimisation using the conventional
Lerchs-Grossman optimisation routine implemented in Whittle software, whereby
the revenue factor one pit (Figure 3) was selected for reporting the Mineral
Resource.
The CAC deposit shares geological characteristics with many global porphyry
deposits, including the Tandayama-América porphyry copper-gold deposit, at
the Company's flagship Cascabel property, from which metallurgical recoveries
of 84% for Cu and 65% for Au were utilised in the determination of Reasonable
Prospects for Eventual Economic Extraction ("RPEEE").
The geometry of the Cacharposa deposit is now well understood and an intimate
spatial correlation is exhibited between early-stage intrusive phases, visible
copper sulphide mineralisation and CuEq grade distribution (Figure 3).
Mineralisation is hosted within a complex of Jurassic diorites, monzonites,
quartz-monzonites and breccias that intrude a pre-mineral package of volcanic
and diorite host rocks to form a complex of stocks, dykes, and breccia pipes.
The porphyry-related vein types and mineral paragenesis at CAC indicate a
systematic evolution of the deposit in time and space.
The trend of mineralisation throughout the CAC deposit is dominated by a
north-northeast trending (014(○)) intrusive complex inclined steeply
(78(○)) towards the west-northwest. Surface mapping data is supported by
structural measurements taken from orientated drill core, which includes 96
intrusive contacts and 574 B-type quartz veins.
Copper and gold mineralisation is associated with visible chalcopyrite-pyrite
mineralisation, present as disseminations, fracture-fillings and within B-type
quartz veins and stockworks. These mineralized elements are centred upon
early-mineral causal diorite ("D10") and quartz-monzonite ("QM10") intrusions
that are cut by a series of intra-mineral, late-mineral and volumetrically
small, post-mineral breccia bodies and dykes of diorite, quartz-monzonite and
monzonite composition.
Intrusions have been emplaced episodically such that each subsequent intrusion
has introduced mineralising fluids and subsequent arrays of
chalcopyrite-pyrite mineralisation into the CAC system. The
early-mineralisation (EM) and intra-mineralisation (IM) intrusions have
contributed the majority of copper and gold to the deposit.
The geological character of the porphyry stocks / dykes encountered through
drilling to date indicate an exposed porphyry Cu-Au system with a mineralised
vertical column of approximately 1,000m.
Since the effective date (26 October 2021), a further 1,501.3m of drilling has
been completed at the CAC deposit for a current total of 20,137m in 25 drill
holes, with drill hole 26 currently underway utilising one diamond drilling
rig. Assay results from Holes 22-26 at CAC are pending. Two diamond drill rigs
are operating at nearby mineralised targets at Mula Muerta (Mula Muerta and
Viño targets), which lie approximately 1km west of the Cacharposa deposit.
( 2 ) Fruta Del Norte Mineral Resources, inclusive of Mineral Reserves.
https://lundingold.com/en/fruta-del-norte/reserves-and-resources
(https://lundingold.com/en/fruta-del-norte/reserves-and-resources) .
Reasonable Prospects for Eventual Economic Extraction
The cut-off grades used for reporting have been based on up to date third
party metal price research, forecasting of Cu and Au prices, and a cost
structure from mining studies currently being reviewed. Costs include
mining, processing and general and administration ("G&A"). Net Smelter
Return ("NSR") includes metallurgical recoveries and off-site realisation
("TC/RC") including royalties and utilising metal prices of Cu at US$3.30/lb
and Au at US$1,700/oz.
The cut-off grade for potentially open pittable material was calculated at
0.16% CuEq using a copper equivalency factor of 0.632.
The open pit optimisation was completed using the conventional Lerchs-Grossman
optimisation routine implemented in Whittle software, and the revenue factor
one pit was selected for reporting the Mineral Resource. The QP considers that
the Mineral Resource, has reasonable prospects for eventual economic
extraction at the specified cut-off grade.
Mineralisation inside the revenue factor one pit was subtracted from the block
model, and the remaining material was then considered for underground
optimisation according to open-stope, sub-level cave and block cave mining
methods. Nevertheless, the mineralisation identified from this analysis was
considered uneconomic given the RPEEE criteria, and the currently drilled
extents of the mineralisation. Therefore, no mineralisation potentially
mineable by underground mining methods is reported in the Mineral Resource
statement. Further drilling may extend the mineralisation and could lead to
the identification of potentially economic mineralisation by underground
mining methods in the future.
An assessment of whether the project as a whole is economically viable has not
been made under this analysis.
Figure 1: Location of the CAC deposit at the Porvenir project in southern
Ecuador.
Figure 2: Drill plans at the CAC deposit, looking down, showing the CAC maiden
MRE dataset of diamond drill holes 1-23 and surface rock-saw channel samples
from 23 outcrops over the "revenue factor one" open-pit optimisation
wireframe. A total of 16,982.4m of final assay results from holes 1-20 were
utilised for the estimation. Holes 1-20 display downhole CuEq assay grades,
whilst holes 21-23 (black) were utilised for geological data (A).
Mineralisation remains open at the north and south extremities of the "revenue
factor one" open-pit area as exemplified by the limits of high-, medium-, and
low- tenor CuEq grade models equating to CuEq cut-off grades of 0.15% (blue),
0.40% (green) and 0.70% (orange) respectively (B).
Figure 3: Section view, looking north-northwest, with window thickness of
100m, showing the "revenue factor one" open-pit optimisation wireframe,
indicated (IND) and inferred (INF) limits over the following geometrically
consistent base layers:
A: the geology group model,
B: the high- medium- and low- tenor copper estimate models at 0.45% Cu.Est,
0.25% Cu.Est and 0.10% Cu.Est cut-offs respectively. (Copper estimates
(Cu.Est) or "visible copper content" is estimated from volume percent
copper-sulphide mineral abundance logging of diamond drill core, utilising
high-quality hand-lens and standardised modal abundance charts. Copper
estimates are utilised as a spatial and geometric proxy for copper
mineralisation only).
C: the high- medium- and low- tenor CuEq grade models at 0.70%, 0.40% and
0.15% cut-offs respectively, and
D: the CuEq grade distribution within the CAC Mineral Resource Block Model.
Certain information contained in this announcement would have been deemed
inside information.
Qualified Person:
Information in this report relating to the exploration results is based on
data reviewed by Mr Jason Ward ((CP) B.Sc. Geol.), the Chief Geologist of the
Company. Mr Ward is a Fellow of the Australasian Institute of Mining and
Metallurgy, holds the designation FAusIMM (CP), and has in excess of 20 years'
experience in mineral exploration and is a Qualified Person for the purposes
of the relevant LSE and TSX Rules. Mr Ward consents to the inclusion of the
information in the form and context in which it appears.
Information in this report relating to the Mineral Resource Estimate was
reviewed by Dr Andrew Fowler. Dr Fowler is a Chartered Professional Member of
the Australasian Institute of Mining and Metallurgy and has 16 years'
experience in Mineral Resource Estimation, open pit mining, underground mining
and mineral exploration. He is an independent Qualified Person for the
purposes of the relevant LSE and TSX Rules. Dr Fowler consents to the
inclusion of the information in the form and context in which it appears.
By order of the Board
Dennis Wilkins
Company Secretary
CONTACTS
Dennis Wilkins
SolGold Plc (Company Secretary) Tel: +61 (0) 417 945 049
dwilkins@solgold.com.au (mailto:dwilkins@solgold.com.au)
Ingo Hofmaier
SolGold Plc (Acting CFO) Tel: +44 (0) 20 3823 2130
ihofmaier@solgold.com.au (mailto:ihofmaier@solgold.com.au)
Fawzi Hanano / Lia Abady
SolGold Plc (Investors / Communication) Tel: +44 (0) 20 3823 2130
fhanano@solgold.com.au (mailto:fhanano@solgold.com.au) / labady@solgold.com.au
(mailto:labady@solgold.com.au)
Tavistock (Media)
Jos Simson/Gareth Tredway Tel: +44 (0) 20 7920 3150
Follow us on twitter @SolGold_plc
ABOUT SOLGOLD
SolGold is a leading resources company focussed on the discovery, definition
and development of world-class copper and gold deposits. In 2018, SolGold's
management team was recognised by the "Mines and Money" Forum as an example of
excellence in the industry and continues to strive to deliver objectives
efficiently and in the interests of shareholders. SolGold is aggressively
exploring the length and breadth of this highly prospective and gold-rich
section of the Andean Copper Belt which is currently responsible for c40% of
global mined copper production.
The Company operates with transparency and in accordance with international
best practices. SolGold is committed to delivering value to its shareholders,
while simultaneously providing economic and social benefits to impacted
communities, fostering a healthy and safe workplace and minimizing the
environmental impact.
Dedicated stakeholders
SolGold employs a staff of over 900 employees of whom 98% are Ecuadorean. This
is expected to grow as the operations expand at Alpala, and in Ecuador
generally. SolGold focusses its operations to be safe, reliable and
environmentally responsible and maintains close relationships with its local
communities. SolGold has engaged an increasingly skilled, refined and
experienced team of geoscientists using state of the art geophysical and
geochemical modelling applied to an extensive database to enable the delivery
of ore grade intersections from nearly every drill hole at Alpala. SolGold has
over 80 geologists on the ground in Ecuador exploring for economic copper and
gold deposits.
SolGold's Regional Exploration Drive
SolGold is using its successful and cost-efficient blueprint established at
Alpala, and Cascabel generally, to explore for additional world class copper
and gold projects across Ecuador. SolGold is a large and active concessionaire
in Ecuador.
The Company wholly owns four other subsidiaries active throughout the country
that are now focussed on a number of high priority copper and gold resource
targets, several of which the Company believes have the potential, subject to
resource definition and feasibility, to be developed in close succession or
even on a more accelerated basis compared to Alpala.
SolGold is listed on the London Stock Exchange and Toronto Stock Exchange
(LSE/TSX: SOLG). The Company has on issue a total of 2,293,816,433 fully paid
ordinary shares and 34,250,000 share options.
Quality Assurance / Quality Control on Sample Collection, Security and
Assaying
SolGold operates according to its rigorous Quality Assurance and Quality
Control (QA/QC) protocol, which is consistent with industry best practices.
Primary sample collection involves secure transport from SolGold's concessions
in Ecuador, to the ALS certified sample preparation facility in Quito,
Ecuador. Samples are then air freighted from Quito to the ALS certified
laboratory in Lima, Peru where the assaying of drill core, channel samples,
rock chips and soil samples is undertaken. SolGold utilises ALS certified
laboratories in Canada and Australia for the analysis of metallurgical
samples.
Samples are prepared and analysed using 100g 4-Acid digest ICP with MS finish
for 48 elements on a 0.25g aliquot (ME-MS61). Laboratory performance is
routinely monitored using umpire assays, check batches and inter-laboratory
comparisons between ALS certified laboratory in Lima and the ACME certified
laboratory in Cuenca, Ecuador.
In order to monitor the ongoing quality of its analytical database, SolGold's
QA/QC protocol encompasses standard sampling methodologies, including the
insertion of certified powder blanks, coarse chip blanks, standards, pulp
duplicates and field duplicates. The blanks and standards are Certified
Reference Materials supplied by Ore Research and Exploration, Australia.
SolGold's QA/QC protocol also monitors the ongoing quality of its analytical
database. The Company's protocol involves Independent data validation of the
digital analytical database including search for sample overlaps, duplicate or
absent samples as well as anomalous assay and survey results. These are
routinely performed ahead of Mineral Resource Estimates and Feasibility
Studies. No material QA/QC issues have been identified with respect to sample
collection, security and assaying.
Reviews of the sample preparation, chain of custody, data security procedures
and assaying methods used by SolGold confirm that they are consistent with
industry best practices and all results stated in this announcement have
passed SolGold's QA/QC protocol.
The data aggregation method for calculating Copper Equivalent (CuEq) for
down-hole drilling intercepts and rock-saw channel sampling intervals are
reported using copper equivalent (CuEq) cut-off grades with up to 10m internal
dilution, excluding bridging to a single sample and with minimum intersection
length of 50m.
CAC potentially open-pittable resources were estimated using a Copper
Equivalency (CuEq) calculated from estimated costs, including mining,
processing and general and administration (G&A), whereby Net Smelter
Return (NSR) includes metallurgical recoveries and off-site realisation
(TC/RC) including royalties, and utilising the updated nominal copper price of
US$3.30/lb and a gold price of US$1,700/oz to produce a Gold Conversion Factor
of 0.632 (CuEq = Cu + Au x 0.632).
See www.solgold.com.au (http://www.solgold.com.au) for more information.
Follow us on twitter @SolGold plc
CAUTIONARY NOTICE
News releases, presentations and public commentary made by SolGold plc (the
"Company") and its Officers may contain certain statements and expressions of
belief, expectation or opinion which are forward looking statements, and which
relate, inter alia, to interpretations of exploration results to date and the
Company's proposed strategy, plans and objectives or to the expectations or
intentions of the Company's Directors, including the plan for developing the
Project currently being studied as well as the expectations of the Company as
to the forward price of copper. Such forward-looking and interpretative
statements involve known and unknown risks, uncertainties and other important
factors beyond the control of the Company that could cause the actual
performance or achievements of the Company to be materially different from
such interpretations and forward-looking statements.
Accordingly, the reader should not rely on any interpretations or
forward-looking statements; and save as required by the exchange rules of the
TSX and LSE or by applicable laws, the Company does not accept any obligation
to disseminate any updates or revisions to such interpretations or
forward-looking statements. The Company may reinterpret results to date as
the status of its assets and projects changes with time expenditure, metals
prices and other affecting circumstances.
This release may contain "forward‑looking information" within the meaning of
applicable Canadian securities legislation. Forward‑looking information
includes, but is not limited to, statements regarding the Company's plans for
developing its properties. Generally, forward‑looking information can be
identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved".
Forward‑looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward‑looking
information, including but not limited to: transaction risks; general
business, economic, competitive, political and social uncertainties; future
prices of mineral prices; accidents, labour disputes and shortages and other
risks of the mining industry. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in
such statements. Factors that could cause actual results to differ
materially from such forward-looking information include, but are not
limited to, risks relating to the ability of exploration activities (including
assay results) to accurately predict mineralization; errors in management's
geological modelling and/or mine development plan; capital and operating costs
varying significantly from estimates; the preliminary nature of visual
assessments; delays in obtaining or failures to obtain required governmental,
environmental or other required approvals; uncertainties relating to the
availability and costs of financing needed in the future; changes in equity
markets; inflation; the global economic climate; fluctuations in commodity
prices; the ability of the Company to complete further exploration activities,
including drilling; delays in the development of projects; environmental
risks; community and non-governmental actions; other risks involved in the
mineral exploration and development industry; the ability of the Company to
retain its key management employees and skilled and experienced personnel; and
those risks set out in the Company's public documents filed on SEDAR at
www.sedar.com (http://www.sedar.com) . Accordingly, readers should not place
undue reliance on forward‑looking information. The Company does not
undertake to update any forward-looking information, except in accordance with
applicable securities laws.
The Company and its officers do not endorse, or reject or otherwise comment on
the conclusions, interpretations or views expressed in press articles or
third-party analysis, and where possible aims to circulate all available
material on its website.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END UPDFLFLAFILSLILRecent news on SolGold
See all newsREG - SolGold PLC - Project Execution Plan
AnnouncementREG - SolGold PLC - US$33.3M Second Advance Under Stream Financing
AnnouncementREG - SolGold PLC - Director/PDMR Shareholding
AnnouncementREG - SolGold PLC - Voluntary Delisting from Toronto Stock Exchange
AnnouncementREG - SolGold PLC - Q3 Financial Report and Quarterly MD&A
Announcement