SolGold plc Announces New High-grade Copper and Gold Mineralisation Discovered Within Ecuador's Richly Copper-endowed Porphyry Corridor
Bishopsgate, London - The Board of SolGold (LSE: SOLG; TSX: SOLG) is pleased to provide an update on exploration at its 100% owned La Hueca, Porvenir and Timbara Projects, in Southern Ecuador. The prospects are held in the 100% owned subsidiaries Green Rock Resources and Cruz Del Sol S.A. HIGHLIGHTS:
- SolGold’s La Hueca, Timbara and Porvenir Project concessions cover 60km of strike along Ecuador’s Southern Jurassic porphyry corridor.
- Two new copper targets discovered on the western side of the La Hueca Project. Channel chip sampling returns 17.3m @ 3.87% Cu, 0.46 g/t Au (including 6m @ 9.39% Cu, 0.98 g/t Au).
- New mineralised outcrops identified in the Porvenir Project that are rich in chalcopyrite, chalcocite, covellite, bornite (copper sulphide minerals) and malachite (copper carbonate mineral).
- The southern Jurassic porphyry corridor is of similar age to nearby Fruta del Norte, Mirador and Santa Barbara deposits.
- Detailed auger soil programs are planned for La Hueca, Porvenir and Timbara to further delineate drill targets.
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CONTACTS
| Mr Nicholas Mather | Tel: +61 (0) 7 3303 0665 |
| SolGold plc (Chief Executive Officer) | +61 (0) 417 880 448 |
| nmather@solgold.com.au | |
| Mr Karl Schlobohm | Tel: +61 (0) 7 3303 0661 |
| SolGold plc (Company Secretary) | |
| kschlobohm@solgold.com.au | |
| Mr Ewan Leggat / Mr Richard Morrison | Tel: +44 (0) 20 3470 0470 |
| SP Angel Corporate Finance LLP (Broker) | |
| ewan.leggat@spangel.co.uk | |
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Source: SolGold plc (TSX:SOLG, LSE:SOLG, OTC Pink:SLGGF)