SolGold PLC Announces Publication of 2022 Annual Report

BISHOPSGATE, UK /ACCESSWIRE/October 26, 2022/ The SolGold (LSE:SOLG)(TSX:SOLG) Board of Directors is pleased to announce the release of the Company’s Annual Report for the fiscal year ended June 30, 2022.

In accordance with LR 9.6.1, the Company has submitted the annual report to the Financial Conduct Authority by uploading it to the National Storage Mechanism. The document will be available for viewing at data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the annual report can also be viewed on the company’s website at: www.solgold.com.au.

This announcement has been approved for publication by Rufus Gandhi – secretary of the society.

CONTACTS

Follow us on twitter @SolGold_plc

ABOUT SOLGOLD

SolGold is a leading resource company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to achieve its objectives efficiently and for the benefit of shareholders. SolGold is exploring the length and extent of this highly prospective and gold-rich section of the Andean copper belt, which is currently responsible for approximately 40% of global copper mining production.

The Company operates transparently and in accordance with international best practices. SolGold is committed to delivering value to its shareholders, while delivering economic and social benefits to affected communities, promoting a healthy and safe workplace, and minimizing environmental impact.

Dedicated actors

SolGold employs a workforce of approximately 800 employees of which 99% are Ecuadorian. This is expected to increase as operations expand in Cascabel and Ecuador in general. SolGold focuses its operations on being safe, reliable and environmentally friendly and maintains close relationships with its local communities. SolGold has engaged an increasingly skilled, sophisticated and experienced team of geoscientists using state-of-the-art geophysical and geochemical modeling applied to an extensive database to enable the delivery of ore grade intersections from nearly any hole in drilling at Alpala. SolGold has nearly 60 field geologists in Ecuador who explore economic copper and gold deposits.

The story continues

About Cascabel

The Alpala deposit is the main target of the Cascabel concession, located on the northern part of the very rich Andean copper belt, the entirety of which is recognized as the basis of almost half of the world’s copper production. The project area hosts mineralization of Eocene age, the same age as many Level 1 deposits along the Andean copper belt in Chile and Peru to the south. The project base is located in Rocafuerte in the Cascabel concession in northern Ecuador, about a three-hour drive on a paved road north of the capital Quito, close to water, electricity and Pacific ports.

SolGold Regional Exploration Campaign

SolGold is using its successful and profitable model established at Alpala, and Cascabel in general, to explore other world-class copper and gold projects across Ecuador. SolGold is a large and active dealer in Ecuador.

The Company wholly owns four other operating subsidiaries across the country which are now focused on a number of high priority copper and gold resource targets, several of which the Company believes have the potential, subject to the definition and feasibility of the resources, to be developed in close succession. or even in a more accelerated way compared to Cascabel.

SolGold is listed on the London Stock Exchange and the Toronto Stock Exchange (LSE/TSX: SOLG). The Company issued a total of 2,296,051,501 fully paid common shares and 42,250,000 stock options.

See www.solgold.com.au for more information. Follow us on Twitter @SolGold plc

CAUTION NOTICE

Press releases, presentations and public comments 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 relate, inter alia, interpretations of the exploration results to date and the strategy, plans and objectives proposed by the Company or the expectations or intentions of the Directors of the Company, including the development plan for the Project currently under study as well as the Company’s expectations regarding the forward price of copper. These forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual performance or achievements to be materially different from such interpretations and statements. prospective.

Accordingly, the reader should not rely on any forward-looking interpretations or statements; and except as required by the stock exchange rules of the TSX and LSE or applicable law, the Company undertakes no obligation to provide updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret year-to-date results as the status of its assets and projects change based on the passage of time, metal prices and other affecting circumstances.

This release may contain “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the Company’s plans for the development of 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 planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or states that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially 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, labor disputes and shortages and other hazards 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 the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. 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 modeling and/or mine development plan; capital and operating costs vary significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failure to obtain required governmental, environmental or other approvals; uncertainties relating to the availability and costs of necessary financing in the future; changes in stock markets; inflation; the global economic climate; commodity price fluctuations; the Company’s ability to carry out other exploration activities, including drilling; delays in project development; environmental risks; community and non-governmental actions; other risks related to the mining exploration and development industry; the Company’s ability to retain its key management and qualified and experienced personnel; and risks set forth in the Company’s public filings 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, reject or comment on the conclusions, interpretations or opinions expressed in news articles or third-party analyzes and, where possible, endeavor to disseminate all material available on its website.

This information is provided by RNS, the information service of the London Stock Exchange. RNS is authorized by the Financial Conduct Authority to act as a primary information provider in the UK. Terms and conditions relating to the use and distribution of this information may apply. For more information, please contact rns@lseg.com or visit www.rns.com.

THE SOURCE: SolGold PLC

See the source version on accesswire.com:
https://www.accesswire.com/722317/SolGold-PLC-Announces-Publication-of-2022-Annual-Report