HIGHLIGHTS:
• Strong visual copper sulphide mineralisation intersected from 565.80m to 848.78m in Hole CSD-14-009 ("Hole 9"), at shallow levels above the principal target;
• Visual copper sulphide mineralisation intersected over 491.05m from 452.45m to 943.55m depth (current hole depth), above the principal Magnetic Vector Inversion ("MVI") modelling target;
• Visual copper sulphides continuing at current hole depth;
• Strong copper sulphide mineralisation observed in Hole 9 looks similar to strong intersection at deeper levels in Hole 5;
• Assays for interval 450m to 810m expected in early to mid-December; and
• High grade targeting near the Alpala footwall structure a key priority.
Commenting on today’s update, SolGold CEO and Managing Director, Alan Martin said:
"The upper part of Hole 9 is showing signs of extensive strong visual copper sulphide mineralisation which has similar style to the high grade copper and gold intersection at deeper levels in Hole 5. This latest intersection of visual copper sulphide mineralisation in Hole 9, located northwest of Hole 8 and east of Hole 7, continues to de-risk the project, and confirms that previous long intersections at Alpala do not occur in isolation but are part of a laterally extensive zone of mineralisation."
FURTHER INFORMATION
Hole 9
Hole 9 is located 120m north of the Hole 5 drill pad and is being drilled with an 85 degree inclination towards 210 degrees UTM (Universal Transverse Mercator) (Figures 1 and 2). Hole 9 was sited to test for the northwest extension of the high-grade mineralisation in Hole 5 and to test for vertical extension of the high grade copper and gold mineralisation up to 500m below the high-grade Hole 5 intersection. Figure 2 shows an oblique view of Hole 9 looking towards the east over the Central and Northwest Alpala area.
Drilling of Hole 9 commenced on 28 October 2014. On 23 November 2014 the hole was at 943.55 metres depth and located just above the principal magnetic target defined by MVI modelling.
Strong and coarse grained visual copper sulphide mineralisation in Hole 9 occurs primarily within a diorite intrusion that has intense B-vein quartz stockworks and disseminations of primary and secondary magnetite. Locally the magnetite occurs in association with secondary biotite, a potassium-bearing phase that confirms the presence of potassic alteration, a traditionally strongly mineralised zone in a porphyry system. Copper sulphide mineralisation is dominated by chalcopyrite, along with some bornite and molybdenite. Figure 3 shows a cross-section through Holes 1, 2, 5, 8 and 9 at Alpala.
Hole 9 continues to intersect visible copper sulphide mineralisation at the current depth of 943.55m.
Plates 1-11 show examples of the coarse grained chalcopyrite intersected in ‘B-veins’ and ‘C-veins’ from Hole 9.
