Cascabel Exploration Update
Assay results show continued growth along the Alpala trend.
Cascabel drilling fleet expands to 12 diamond drill rigs.
Maiden Mineral Resource Estimate nearing completion.
Bishopsgate, London (FSCwire) - The Board of SolGold (LSE and TSX code: SOLG)
is pleased to provide an update on current drilling at the Cascabel Project, the Company's 85% owned copper-gold porphyry project
in Ecuador.
HIGHLIGHTS:
- Hole 26-D2 (Alpala NW) returned 453.7m @ 0.53 % CuEq (open-ended), incl. 229.7m @ 0.75 % CuEq.
Hole 26-D2 ended in mineralisation at 1333.65m due to reaching limits of drilling capabilities in that hole.
- Hole 26-D3 (Alpala NW) intersected approximately 1136m of visible mineralisation (936-2072m), and ended
in mineralisation due to limit of drilling capabilities. Assay results are pending.
- Hole 29-D2 (Alpala East) returned 484m @ 0.49 % CuEq, incl. 146m @ 0.74 % CuEq.
- Hole 30 (Alpala Central) returned 772m @ 0.62 % CuEq, incl. 500m @ 0.71 % CuEq.
- Hole 33 (Alpala Central) intersected approximately 977m of visible mineralisation (585-1562m).
Assay results are pending.
- Cascabel drilling fleet currently 11 drill rigs and expanding to 12 drills. Rig 12, large track
mounted drilling rig arriving in the last week of December 2017.
- The independent consultants are in the process of finalising their report into the Maiden Mineral
Resource Statement for Alpala, and the Company expects to make an announcement shortly.
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1573A_1-2017-12-22.pdf
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/SolGold12222017.pdf
Source: SolGold plc (TSX:SOLG, AIM:SOLG, OTC Bulletin Board:SLGGF)
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