SolGold Gets Highest-Grade Assays So Far From Cascabel

LONDON (Alliance News) - SolGold PLC on Tuesday said it has received the highest-grade assay results so far for its Cascabel copper-gold porphyry project in Ecuador.

The company said drilling at Hole 12 showed intersects of up to 1.75% copper.

SolGold also said the Aguinaga prospect is maturing as a drill target and has a similar geophysical signature to the Alumbrera copper mine in Argentina.

"Another intersection of more than a kilometre of copper and gold mineralisation in Hole 12 confirms that SolGold's Cascabel Project has the potential to be one of the most significant copper-gold discoveries of recent times," said Nick Mather, SolGold's chief executive and managing director.

Shares in SolGold were up 17% on the news to 2.22 pence, one of the best performers in the AIM All-Share in early trade on Tuesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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