PDAC Presentation

RNS Number : 7687Q

SolGold PLC

02 March 2016

 

2 March, 2016

SolGold plc

("SolGold" or the "Company")

RNS Reach

SolGold presenting at Prospectors and Developers Association of Canada Conference, Toronto 3-6^th March 2016

Interested shareholders and investors attending the P D A C in Toronto are advised that SolGold will be presenting the company at Ecuadorian Day 7^th March from 3pm.  

The full details of Ecuadorean Day are available here:

http://www.pdac.ca/convention/programming/presentation-reception-rooms/sessions/presentation-reception-rooms/ecuadorian-day-ecuador-gobierno-nacional-de-la-republica-del-(full-day)

SolGold will be exhibiting promising core samples fresh from Hole 16 in SolGold's exciting Alpala porphyry Copper Gold Prospect at Booth #2745 of the Investors Exchange.

Representing SolGold at the Booth will be Executive Director- Nick Mather, Exploration Manager - Jason Ward, Technical Services Manager-Benn Whistler, Non-Executive Chairman-Brian Moller and Investor Relations Manager-Pru Maclean.

SolGold is looking forward to Ecuadorian Day with the Minister of Mining of the Republic of Ecuador; Javier Córdova Unda.

The Republic of Ecuador, through the Ministry of Mining, is looking to position the Nation´s mining potential as an important opportunity for investment. During Ecuadorian day, the Minister of Mining will present the most important recent advancements in Ecuador's mining sector and outline the advantages of investing in the country. Significant developments in the status of the strategic mining projects will also be presented, along with new tax incentives and legal improvements approved in the past year. Finally there will be a presentation of the opportunities for exploration and investment. 

Interested Shareholders and Investors are invited to come by and discuss the Project and the company's exciting future in Ecuador.

Full Details of PDAC:

PDAC: Prospectors and Developers Association of Canada

Location: Metro Toronto Convention Centre, Toronto, Canada

Dates: 6th- 9th March 2016

SOLG Booth: #2745

Contacts:

Mr Nicholas Mather                                                                                                                                                  Tel: [phone]

SolGold Plc (Executive Director)                                                                                                                                                       [phone]

[e-mail] 

Mr Karl Schlobohm                                                                                                                                                    Tel: [phone]

SolGold Plc (Company Secretary)

[e-mail] 

Mr Ewan Leggat                                                                                                                                                           Tel: [phone]

SP Angel Corporate Finance LLP (NOMAD and Broker)

[e-mail]  

Follow us on twitter @SolGold_plc

NOTES TO EDITORS

SolGold is a Brisbane, Australia based, AIM-listed (SOLG) copper gold exploration and development company with assets in Ecuador, the Solomon Islands and Australia.  The Company's objective is to create substantial shareholder value by discovering and defining world-class copper-gold deposits.  SolGold's Board and Management Team have high vested interests in the success of the Company, holding approximately 12% of its issued share capital, as well as strong track records in the areas of exploration mine development, investment, finance and law.  SolGold's experience is augmented by state of the art geophysical techniques and the guidance of Newmont trained porphyry expert Dr Steve Garwin.

Cascabel, the Company's world class flagship copper-gold porphyry project, is located in North West Ecuador on the under-explored northern section of the richly endowed Andean Copper Belt.  This geological province hosts several world-class copper and gold deposits.  SolGold owns 85% of Exploraciones Novomining S.A. ("ENSA") and approximately 11% of TSX-V-listed Cornerstone Capital Resources, which holds the remaining 15% of ENSA, the Ecuadorian registered company which holds 100% of the Cascabel concession. 

To date the Company has completed geological mapping, soil sampling, 14km² and 9km² Induced Polarisation and Magnetotelluric "Orion" surveys at the Alpala and Aguinaga targets respectively.  By December 2015, the Company had completed approximately 25km² of soil sampling, 14km² of electrical surveys, 18,400m of drilling and expended approximately US$30m.  Diamond drilling currently continues with two drilling rigs.

Cascabel is characterised by multiple targets, world class drill intersections over 1km in length, and high copper and gold grades, as well as logistic advantages in location, elevation, water supply, proximity to road, port and power services and a progressive legislative approach to resource development.

In 2016, SolGold is planning a resource statement over a portion of the Alpala Central deposit, the most advanced target at Cascabel, and additional drill testing of other key targets within the Cascabel concession.  The company plans to complete further metallurgical testing, and completion of early stage mine and plant design in line with a scoping study for economic development options at Cascabel.  SolGold is investigating both high tonnage / low grade open cut potential as well as high grade / low tonnage underground developments as a block caving operation.

In Queensland, Australia the Company is evaluating future exploration plans for the Mt Perry, Rannes and Normanby projects.  Joint venture agreements are still being investigated with the strategy for the joint venture partner to commit funds and carry out exploration to earn an interest in the tenements.

SolGold is based in Brisbane, Queensland, Australia.  The Company listed on London's AIM Market in 2006, under the AIM code 'SOLG' and currently has a total of 822,716,605 ordinary shares allotted, 4,820,000 options exercisable at 50p, 7,280,000 options exercisable at 28p and 9,280,000 options exercisable at 14p.  On 2 October 2015, SolGold issued two 12 month Convertible Notes for A$1.25m and £500,000 each respectively, convertible at the greater of 1.75 p or 80% of volume weighted average price over the 5 days preceding the date of notification of conversion. 

CAUTIONARY NOTICE

The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's directors. Such forward-looking 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 forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

 

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