Mineral exploration company SolGold has finalised an exploitation contract with the Ecuadorian Government for its Cascabel Project.
This agreement is a pivotal step in the development of one of the world’s largest undeveloped copper-gold porphyry deposits, promising substantial economic benefits for the country.
Exploraciones Novomining (ENSA), a subsidiary of SolGold, has been at the forefront of exploring the Cascabel concession since 2012.
The discovery of the Alpala deposit in 2014, followed by the Tandayama-Ameríca deposit, has spurred more than 300,000m of drilling, leading to a significant understanding of the site’s potential.
Work undertaken by SolGold encompasses not only geological exploration but also detailed resource, mining, metallurgical, environmental and social impact studies.
The exploitation contract delineates the framework for the project’s advancement, ensuring compliance with Ecuadorian legislation and regulations.
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Read More: SolGold signs Cascabel project exploitation contract in Ecuador