This week--ahead of schedule--the eagerly-anticipated new resource estimate came out confirming that the monster Cascabel deposit in Ecuador is indeed a Tier One asset...and will continue to get larger!
This morning, operator and majority owner SolGold, plc announced yet more impressive grades as infill / expansion drilling at Alpala continues. SOLG and partner Cornerstone are moving toward the first major update to the maiden resource estimate announced at the beginning of 2018; one that could roughly double the initial 12+ million ounces of gold and 5+ million tons of copper.
My friends at Ecuador Mining Community were the first tonight to pick up on a breaking Reuters story. As a few of us suggested back in early September, BHP's initial move in taking a 6%+ position in SolGold would not have been done in isolation.
Tonight comes Act Two!
Yesterday (Wed. the 5th) shares of both Cornerstone and SolGold spiked following the news that global mining giant BHP finally succeeded in getting a foot in the door at the world class Cascabel Project. In the above missive I discuss that, and what event(s) may come next.
Clicking the above, you'll learn of the news of this past Monday; high-grade assay results at Cascabel that, as I opine, are arguably the most important/exciting ones since the initial big discovery hole a few years back!
With Cornerstone shares still well off their giddy highs of a year ago and the metals sector dormant still, it's a GIFT to you, I.M.O., to be able to buy/add at current prices.
(NOTE: Following the pending spin-out transaction, I'll have an updated company report on the two new entities: Cascabel Gold and Copper, and Cornerstone Exploration.)