The TAM deposit lies roughly 3 km north of the Alpala deposit, the primary goal within the Cascabel concession.
Alpala has produced a number of the best drill gap intercepts in porphyry copper-gold exploration historical past. The deposit includes 2,663 Mt at 0.53% CuEq within the measured and indicated useful resource classes, for a contained metallic content material of 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag.
SolGold’s newest replace supplies for a maiden useful resource estimate (open pit and underground) of the TAM deposit, exhibiting 233 Mt at 0.33% CuEq containing 0.53 Mt Cu and 1.2 Moz Au within the indicated class, plus 197 Mt at 0.39% CuEq containing 0.52 Mt Cu and 1.24 Moz Au inferred.
This estimate is predicated on assays from the primary 18 holes drilled on the TAM deposit. Drilling has continued through the estimation course of, and visible mineralization from an extra 12 holes suggests there’s potential for future useful resource progress, the corporate mentioned. The very best-grade mineralization encountered so far stays open.
Commenting on the work being superior at Cascabel, SolGold’s interim CEO Keith Marshall mentioned: “The TAM deposit provides additional copper and gold mineralization to Alpala’s giant metallic stock on the Cascabel venture. The useful resource presents optionality and the potential to generate financial ore earlier, which can complement the high-grade Alpala underground ore.”
The corporate additionally lately launched an announcement relating to its progress on the venture’s pre-feasibility examine, saying it expects to obtain a briefing from the venture committee on the PFS later this month.