SolGold said yesterday that due to challenges working in Ecauador and Chile, the initially planned delivery of the PFS at the end of Q3 2020 has been moved back.
“SolGold [has] had limited physical access to [the Alpala] site in Ecuador for a number of months. Additionally, there were restrictions and limited staff at laboratories in Chile. These limitations resulted in delays in gathering and processing critical geotechnical data required to meet the original study plan and schedule,” writes the company.
SolGold is striking a review committee and plans to release an update in January.
According to Alpala’s other stakeholder, Cornerstone Capital, Cascabel is the only available tier-one copper-gold asset in the world not owned by a global, multi-national mining company.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
