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SolGold's Alpala PFS release date moved back

Kitco News

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.

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