SolGold plc Announces New High-grade Copper and Gold Mineralisation Discovered Within Ecuador's Richly Copper-endowed Porphyry Corridor
21.05.2018 | FSCwire
Bishopsgate, London - The Board of SolGold (LSE: SOLG; TSX: SOLG) is pleased to provide an update on exploration at its 100% owned La Hueca, Porvenir and Timbara Projects, in Southern Ecuador. The prospects are held in the 100% owned subsidiaries Green Rock Resources and Cruz Del Sol S.A.
HIGHLIGHTS:
- SolGold’s La Hueca, Timbara and Porvenir Project concessions cover 60km of strike along Ecuador’s Southern Jurassic porphyry corridor.
- Two new copper targets discovered on the western side of the La Hueca Project. Channel chip sampling returns 17.3m @ 3.87% Cu, 0.46 g/t Au (including 6m @ 9.39% Cu, 0.98 g/t Au).
- New mineralised outcrops identified in the Porvenir Project that are rich in chalcopyrite, chalcocite, covellite, bornite (copper sulphide minerals) and malachite (copper carbonate mineral).
- The southern Jurassic porphyry corridor is of similar age to nearby Fruta del Norte, Mirador and Santa Barbara deposits.
- Detailed auger soil programs are planned for La Hueca, Porvenir and Timbara to further delineate drill targets.
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/6517O_-2018-5-20.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 | |
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Source: SolGold plc (TSX:SOLG, LSE:SOLG, OTC Pink:SLGGF)