South American investment Australian miner SolGold has released an update on its Tandayama-Ameríca porphyry copper-gold deposit in Ecuador.
“Drilling results at TAM to date, and preliminary work utilising Leap-frog GEO and EDGE software is revealing a prospective bi-modal resource that appears amenable to both bulk surface mining methods as well as bulk underground mining methods,” said Jason Ward, the company’s Executive Board Member, Head of Exploration and Pres-ident of local subsidiary Exploraciones Novomining, as quoted in the statement.
“The potential upside of higher-grade depth extensions beneath TAM is also adding exciting possibilities to the still growing Cascabel pro-ject,” he said.
SolGold is listed on the London Stock Exchange and the Toronto Stock Exchange. Focused on the exploration of copper and gold de-posits, the company says it is headquartered in Brisbane, Australia, and operates offices in Australia, the UK, and Ecuador.