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UPDATE - SolGold making progress in Ecuador

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SolGold (LON:SOLG) revealed encouraging assay results for the lower portion of the second hole from its Cascabel copper-gold porphyry project in Ecuador.

In an update on progress it also revealed that the drill site of a fourth hole, designed  to test below the level of first two, had been relocated.

CSD-13-004 was terminated at depth of just under 319 metres because of ground conditions. Work will restart in the next few days.

Meanwhile, the results from CSD-13-002 (SolGold’s second Cascabel hole) located a 292-metre section bearing 0.37% copper and 0.3 grams per tonne of gold.

There was also a 42 metre section at 0.5% copper and 0.68 grams of gold and 18 metres at 0.33% copper and 0.41 grams of gold.

Within those sections there were high-grade intervals, including 10 metres at 0.91% copper and 0.41 grams of gold and two metres at 2.58% copper and 0.81 grams of gold.

Assays for SolGold’s third hole are expected in the next fortnight.

Quick facts: SolGold plc

Price: 22.1 GBX

AIM:SOLG
Market: AIM
Market Cap: £457.96 m
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SolGold PLC CEO Nick Mather details exploration programme in Ecuador

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