TIDMSOLG
RNS Number : 1492G
SolGold PLC
17 July 2023
17 July 2023
SolGold plc
("SolGold" or the "Company")
Announces 25-Year Term Renewal for the
Cascabel Project Concession
The Board of Directors of SolGold (LSE & TSX: SOLG) is
pleased to announce that the Company has received the Term Renewal
from the Ministry of Energy and Mines of the Government of Ecuador
for the Cascabel Project Concession ("Cascabel").
The Northern Zonal Coordination of the Ministry of Energy and
Mines has issued Official Letter No. MEM-CZN-2023-0810-OF
containing Resolution No. MEM-CZN -2023-0090-RM ("Resolution") for
the Term Renewal of the Cascabel Mining Concession (Code 402288)
until 2048. The Company may request additional term renewals in the
future. The Term Renewal confirms that Cascabel comprises 4979
contiguous hectares and is a large-scale mining regime in
accordance with Ecuador's mining regulations.
The mining concession renewal term is 25 years from the
registration date of the Resolution in the Mining Registry under
the Agency for the Regulation and Control of Energy and
Non-Renewable Natural Resources and subsequent notification to the
Northern Zonal Coordination of the Ministry of Energy and
Mines.
"SolGold is making significant strides in the advancement of the
Cascabel Project. The 25-year Term Renewal should give all
stakeholders confidence in the ability of current management to
move forward with our plans for Cascabel and the Company. We
appreciate the Government's strong support and are dedicated to
ensuring that we deliver on our commitments," stated Scott
Caldwell, SolGold's CEO and President of SolGold Ecuador.
A conference call with a live webcast presentation to provide a
market update will be held on July 20, 2023, at 8:00 a.m. (EST),
1:00 p.m. (BST), and 10:00 p.m. (AEST).
Interested parties can register for SolGold's webcast on 6ix.com
for free via the following link:
https://my.6ix.com/2kg-oijy
The presentation is open to all existing and potential
shareholders. The presentation material will also be available on
the day of the presentation at:
https://www.solgold.com.au/investors-center .
CONTACTS
Scott Caldwell Tel: +44 (0) 20 3807
Chief Executive Officer 6996
Tavistock (Media) Tel: +44 (0) 20 7920
Jos Simson/Gareth Tredway 3150
ABOUT SOLGOLD
SolGold is a leading resources company focused on the discovery,
definition and development of world-class copper and gold deposits
and continues to strive to deliver objectives efficiently and in
the interests of shareholders.
The Company operates with transparency and in accordance with
international best practices. SolGold is committed to delivering
value to its shareholders while simultaneously providing economic
and social benefits to impacted communities, fostering a healthy
and safe workplace, and minimizing the environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock
Exchange (LSE/TSX: SOLG).
See www.solgold.com.au for more information.
CAUTIONARY NOTICE
News releases, presentations and public commentary made by
SolGold plc (the "Company") and its Officers may contain certain
statements and expressions of belief, expectation or opinion which
are forward looking statements, and which relate, inter alia, to
interpretations of exploration results to date and the Company's
proposed strategy, plans and objectives or to the expectations or
intentions of the Company's Directors, including the plan for
developing the Project currently being studied as well as the
expectations of the Company as to the forward price of copper. Such
forward-looking and interpretative statements involve known and
unknown risks, uncertainties and other important factors beyond the
control of the Company that could cause the actual performance or
achievements of the Company to be materially different from such
interpretations and forward-looking statements.
Accordingly, the reader should not rely on any interpretations
or forward-looking statements; and save as required by the exchange
rules of the TSX and LSE or by applicable laws, the Company does
not accept any obligation to disseminate any updates or revisions
to such interpretations or forward-looking statements. The Company
may reinterpret results to date as the status of its assets and
projects changes with time expenditure, metals prices and other
affecting circumstances.
This release may contain "forward--looking information".
Forward--looking information includes, but is not limited to,
statements regarding the Company's plans for developing its
properties. Generally, forward--looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved".
Forward--looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward--looking information, including but not limited to:
transaction risks; general business, economic, competitive,
political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages and other risks of
the mining industry. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, risks relating to the ability of exploration
activities (including assay results) to accurately predict
mineralization; errors in management's geological modelling and/or
mine development plan; capital and operating costs varying
significantly from estimates; the preliminary nature of visual
assessments; delays in obtaining or failures to obtain required
governmental, environmental or other required approvals;
uncertainties relating to the availability and costs of financing
needed in the future; changes in equity markets; inflation; the
global economic climate; fluctuations in commodity prices; the
ability of the Company to complete further exploration activities,
including drilling; delays in the development of projects;
environmental risks; community and non-governmental actions; other
risks involved in the mineral exploration and development industry;
the ability of the Company to retain its key management employees
and skilled and experienced personnel; and those risks set out in
the Company's public documents filed on SEDAR at www.sedar.com .
Accordingly, readers should not place undue reliance on
forward--looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
The Company and its officers do not endorse, or reject or
otherwise comment on the conclusions, interpretations or views
expressed in press articles or third-party analysis.
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END
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