Wednesday, June 28, 2017

Cascabel - Latest Results

We got results from 2 more drill-holes from Alpala last week (link).

I've plugged the numbers in and this is what it has done to my officially bad (tm) contained metal calculations.

Copper



We have a 14% increase in tonnes and an equivalent increase in contained copper

Gold



Here we have a 10% increase in tonnes and 8% increase in contained gold, so a minor (1%) decrease in grade.

This is some very unfashionable results, normally companies like to drill huge amounts of low grade and amaze everyone with the total contained ounces of gold and tonnes of copper.

So where did these results come from?

Starting to look quite big
Hole 25 was drilled 200m to the SE of hole 19, and below historic hole 13-003 that terminated before it hit the main zone Cu-Au mineralization. It hit a 100m zone of high-grade mineralization from 772-872m but quickly passed into low-grade/marginal material.

It suggests that there could be better mineralization to the NE, maybe an additional hole could be drilled from same platform to the NE?



Hole 24 was disappointing, it was drilled 500m to the SE, and hit a narrow (~50m true width) interval grading 0.65 g/t Au and 0.63% Cu, surrounded by very low (<0.2% CuEq) grade mineralization. It looks like hole 24 just clipped the very edge of Alpala mineralization.



You can get the LF viewer file from here (link).



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18 comments:

  1. AndrewJune 28, 2017 at 8:55 PM

    Are you still holding SOLG shares? Any thoughts on the likelyhood of Cascabel eventually being developed into a mine?

    Thanks for sharing your work, Andrew

    ReplyDelete
  2. AndrewJune 29, 2017 at 5:00 AM

    Hole 23R just released. Any comments appreciated:

    Hole 23R (Rig 1) assay results:
    - 1030m @ 1.16 % copper equivalent (0.59 % Cu, 0.90 g/t Au) from 490m;
    - 770m @ 1.44 % copper equivalent (0.71 % Cu, 1.16 g/t Au) from 540m;
    - 474m @ 1.88 % copper equivalent (0.89 % Cu, 1.57 g/t Au) from 830m;
    - 216m @ 3.08 % copper equivalent (1.29 % Cu, 2.84 g/t Au) from 970m.

    Thanks, Andrew

    ReplyDelete
    Replies
    1. The Angry GeologistJuly 3, 2017 at 10:17 PM

      added 1 million oz to my officially bad resource, but there was a bit of grade smearing.

      Delete
  3. PlextJune 30, 2017 at 3:25 PM

    The fact that Angry has commented on Solg from early on shows he/she is highly knowledgeable and has many followers. I have no doubt H23r will add further tonnage but maybe the AG update will come when the results from h26 and 27 come in next week .

    Thanks again AG

    ReplyDelete
  4. gileswJuly 2, 2017 at 9:20 AM

    Hello there, my dad keeps poking me to invest in Solg. I see your calculations on the oz's of copper contained but do you also have a calculation for the cost per oz and capex to get the mine running. Also what's the likelihood of the Aguinaga area being surface mineable?

    ReplyDelete
    Replies
    1. The Angry GeologistJuly 3, 2017 at 10:16 PM

      In the latest post there is a great link to background info on CAPEX and OPEX for block cave operations.

      Delete
  5. AnonymousJuly 19, 2017 at 7:00 AM

    We got results from 2 more drill-holes from Alpala last week (link). I've plugged the numbers in and this is what it has done to my officially bad ...

    goldenslot
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    ReplyDelete
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