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SolGold PLC drilling further extends deposit at Cascabel

Published: 11:46 30 Mar 2016 BST

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In total, the Alpala Central deposit now extends over 450m in length, 300m in width and 700m vertically.

Final assays from the fourteenth hole at SolGold’s (LON:SOLG) Cascabel project in Ecuador have confirmed more long stretches of copper and gold.

Intercepts included 768m at 0.50% copper and 0.45 g/t gold with a section of 222m at 0.83% copper and 1.08 g/t gold. 

SolGold says the average width of the Central Deposit at Alpala, one of the deposits at Cascabel, is 300m and remains open to the east and north-east.

Elsewhere, a second hole drilled from the site of Hole 15 is at a current depth of 724.9m and targeting extensions to the north of Hole 9 of Alpala.

Assays are also pending at Hole 16 from 764m that are expected to extend the 216m at 0.94% copper and 1.26g/t gold previously reported.

Hole 17, meanwhile, will be drilled from the same site as 16 and test up-dip extensions of the copper and gold mineralisation intersected in Holes 5 and 12, where the best results so far have been seen.

In total, the Alpala Central deposit now extends over 450m in length, 300m in width and 700m vertically.

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