Investors give cool reaction to oil supply freeze
Oil majors still rise and Weir Group gets boost from vague bid chatter
Company
LON:SOLG
SolGold is a leading resources company focussed on the discovery, definition and development of world-class copper and gold deposits. In 2018, SolGold's management team was recognised by the "Mines and Money" Forum as an example of excellence in the industry and continues to strive to deliver objectives efficiently and in the interests of shareholders. SolGold is aggressively exploring the length and breadth of this highly prospective and gold-rich section of the Andean Copper Belt which is currently responsible for c40% of global mined copper production.
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Oil majors still rise and Weir Group gets boost from vague bid chatter
SolGold said its latest drill findings support the view that the Alpala deposit at the Cascabel copper project in Ecuador can be extended southeast.
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The first batch from Hole 13 indicated 376m of copper at a grade of 0.52%
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A bounce back oil prices pushed London shares higher at the close but the UK benchmark still closed lower on the day....
The miners turned back into the red during the morning session sending the index 9 points lower to 6,126.
The company reckons it has identified five porphyry centres in what it calls the Cascabel cluster.
The FTSE 100 Index fell 26 points to 6308 at lunchtime
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SolGold has raised £933,953 through the issue of shares at 1.5p each
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The pronouncement follows some early work carried out on Aguinaga area. 1.6km north of Alpala, its most developed prospect.
Stratex, Sunrise, Alexander Nubia, Sirius and Richland Resources also reported...