SolGold plc: New Discoveries in Regional Program

29.11.2017  |  FSCwire

Bishopsgate, London - The Board of SolGold (AIM code: SOLG) is pleased to provide an update on exploration at its 100% owned Porvenir and Timbara Projects, in Southern Ecuador.  The prospect is held in the 100% owned subsidiary Green Rock Resources.

HIGHLIGHTS:

• Outcropping porphyry style copper mineralisation discovered at Porvenir and Timbara.

• Both projects are of Jurassic age similar to nearby Fruta del Norte, Mirador and Santa Barbara deposits.

• Results from rock chip samples collected at the Porvenir Project include:

• 1.58% Cu    in sample R03000587

• 4.27% Cu    in sample R03000588

• 1.30% Cu    in sample R03000592

• Results from rock chip samples collected during stream reconnaissance at the Timbara Project include:

•  2.44% Cu    in sample R03000216

•  1.59% Cu    in sample R03000232

•  1.64% Cu    in sample R03000221

• 1.23% Cu    in sample R03000203

• 1.00% Cu      in sample R03000205

• Rock chips at Porvenir Project were identified by following up highly anomalous Cu stream sediment geochemistry over a 6km x 5.5km area. 

• Prospecting at Timbara is at a very early phase with only 1 of 4 concessions prospected thus far.  Early rock chip results indicate copper mineralisation over a NE-SW corridor up to 4.5km long x 1.2km wide.

References to figures and tables relate to the version of this release visible in PDF format by clicking the link below:

http://www.rns-pdf.londonstockexchange.com/rns/7854X_-2017-11-28.pdf 

This information is provided by RNS

The company news service from the London Stock Exchange

Source: SolGold plc (TSX:SOLG, AIM:SOLG, OTC Bulletin Board:SLGGF)