High Grade Copper Results Returned from Newly Discovered Mineralised Prospects in the Timbara Project
24.01.2018 | FSCwire
Bishopsgate, London (FSCwire) - The Board of SolGold (AIM code: SOLG) is pleased to provide an update on exploration at its 100% owned Timbara Project, in Southern Ecuador. The prospect is held in the 100% owned subsidiary Green Rock Resources (“Green Rock”).
HIGHLIGHTS:
- Two new outcrops of porphyry style copper mineralisation discovered at the Timbara Project.
- The Timbara Project is of Jurassic age similar to the nearby Fruta del Norte, Mirador and Santa Barbara deposits.
- Results from rock chip samples collected during stream reconnaissance at the Timbara Project include:
- 28.89% Cu, >100g/t Ag* in sample R03000252 (Timbara 4)
- 4.00% Cu, >100g/t Ag* in sample R03000260 (Timbara 4)
- 2.94% Cu in sample R03000219 (Timbara 1)
- 2.32% Cu in sample R03000236 (Timbara 1)
- The location and orientation of mineralised veins may represent a continuation of the highly prospective porphyry corridor identified on SolGold’s La Hueca Project.
* Overlimit assay result
References to figures and tables relate to the version of this release on the Company’s website (www.solgold.com.au) or visible in PDF format by clicking the link below:
http://www.rns-pdf.londonstockexchange.com/rns/7586C_-2018-1-24.pdf
CONTACTS
Mr Nicholas Mather Tel: +61 (0) 7 3303 0665
SolGold plc (Chief Executive Officer) +61 (0) 417 880 448
nmather@solgold.com.au
Mr Karl Schlobohm Tel: +61 (0) 7 3303 0661
SolGold plc (Company Secretary)
kschlobohm@solgold.com.au
Mr Ewan Leggat / Mr Richard Morrison Tel: +44 (0) 20 3470 0470
SP Angel Corporate Finance LLP (Broker)
ewan.leggat@spangel.co.uk
Follow us on twitter @SolGold_plc
This information is provided by RNS
The company news service from the London Stock Exchange
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/solgold01242018.pdf
Source: SolGold plc (TSX:SOLG, AIM:SOLG, OTC Pink:SLGGF)
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