|SolGold PLC - AIM: SOLG.l carries a diverse portfolio of exploration projects in Ecuador, Solomon Islands and Australia.|
SolGold has been focused on the Andean Copper Belt in Northern Ecuador since 2012. The Cascabel Project is SolGold's flagship project.
The Board of SolGold (AIM code: SOLG) is pleased to provide the following exploration update for the Company's Cascabel copper-gold porphyry project in Ecuador.
Hole 19 intersects over 800m of significant copper mineralisation from 325.6m to current depth 1161.5m, including a more intensely mineralised section from 545.9m.
Bornite (or 'peacock ore', a copper rich sulphide mineral containing 63% copper, prized in commercial copper concentrates) and molybdenite are present in the mineralised section of hole 19. Up to 2.0% bornite and 4.3% chalcopyrite (35% copper) has been visually logged over selected short intervals.