DGR dgr global limited

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"SolGold Eyes 2021 Cascabel start-up."-BN Americas, Mon 9 April...

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sol1

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10/04/18

09:13

Post #: 32337325
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Originally posted by sol1 ↑

"CRU/CESCO-Solgold going alone on Ecuador find despite partner interest."-Mon, 9 April 2018 [3.30pm], Reuters

http://www.kitco.com/news/2018-04-0...on-Ecuador-find-despite-partner-interest.html

Highlights:

<>"Solgold has received advances from a dozen big miners including BHP & Vale."

<>"The co*s flagship project in Ecuador, named Cascabel appears from exploration to be a major new high grade and gold to rival some of the largest exsisting mines."

<>"Exploration manager, Jason Ward, speaking on the sidelines of CRU/CESCO copper conference in Santiago, said the co had been approached many times by potential partners and had repeatedly said NO."

<>"On Monday, VALE, the world*s largest iron ore producer has said it is seeking to expand its copper output...."

<>"Ward said a TAKEOVER would be "IRRESISTIBLE" once the Right Offer came along, possibly from a gold miner rather than a more diversified major, given the large amounts of gold associated with copper in the Ecuadorian discoveries."

<>"Solgold CEO Nick Mather has a track record of making discoveries and selling them on rather than developing them, but the co could break that pattern in Ecuador."

<>"Ward said the Plan was to keep drilling, which ADDS to the Value of the Reserves in Ecuador as more information is established."

<>"It is definately Not The Right Time To Sell Right Now, he said."

[Note: The rest is about BHP and what happened in 2016 and Newcrest]

Attribution given to Padmaster who spotted the article with thanks.

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"SolGold Eyes 2021 Cascabel start-up."-BN Americas, Mon 9 April 2018

Link: https://www.bnamericas.com/en/news/miningandmetals/solgold-eyes-2021-cascabel-start-up/

"Production could begin by end 2021 at the Cascabel copper gold project in Ecuador pending the completion of studies and permitting, project operator...." [The rest is by subscription]

Note: This subject matter relates to the earlier post in this thread.

DGR Price at posting: 9.4¢ Sentiment: None Disclosure: Not Held
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