LONDON (Alliance News) - AIM-listed SolGold PLC on Friday said that Hole 16 at its Cascabel project in Ecuador continues to intersect intense copper and gold mineralisation to a current depth of 1,217 metres.
The exploration and development company said a Hole 16 assay received from 516 metres to 764 metres showed 216 metres at 0.94% copper and 1.26 grams per tonne of gold from 548 metres open at depth.
That included 60 metres at 2.01% copper and 3.41 grams per tonne of gold from 704 metres.
Shares in SolGold were up 13% at 2.80 pence on Friday morning, having touched a high of 3.17p earlier.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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SolGold (SOLG)