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SolGold PLC drilling further extends deposit at Cascabel

SolGold says the average width of the Central Deposit at Alpala, one of the deposits at Cascabel, is 300m
SolGold PLC drilling further extends deposit at Cascabel
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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March 08 2016

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