The publication of our Maiden Mineral Resource Estimate on January 3rd sets the tone for what we anticipate to be a very productive year at Cascabel, and our regional projects. The 1.08Bt @ 0.68% CuEq Maiden Mineral Resource Estimate, with a 120Mt @1.8% CuEq high grade core, is a tremendous start for Alpala but, it is just the beginning. There is already 10,000m of drilling still to be assayed and included in the model, and drilling continues. With 12 rigs working across the site and 120km of drilling planned for 2018 updates to the resource will be reported regularly. The Maiden Mineral Resource Estimate in our view by no means represents a final size or grade because the deposit is still growing. That the Maiden Mineral Resource Estimate is so big, achieved with so few drill holes and that such a large percentage is in the indicated category is testimony to the size of the system at Alpala. With regular updates to the resource estimate and a Preliminary Economic Assessment in sight at Cascabel, exciting regional developments from your projects across Ecuador, and US$100m in the bank, SolGold is firing on all cylinders.
Mr Keith Marshall is based in the UK and has over 40 years’ experience in the mining sector and has worked on significant underground mines around the world. During the last fifteen years with Rio Tinto, Keith held senior mine leadership roles (General Manager and above). Keith’s last two operational roles with Rio Tinto were as Managing Director of the Palabora Mining Company in South Africa (during its successful transition to block caving) and three years as president of the Oyu Tolgoi Project in Mongolia.
Keith’s underground block cave mining experiences will provide SolGold with extensive knowledge and guidance for the development of the Alpala Project. Keith’s diverse technical and executive level operational leadership experiences broadens the Company’s skill base, and will play a key role in advising on strategic development decisions.