RNS7 May 2019 09:11
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SolGold Share News - SOLG
SolGold Share News - SOLG
Current Price
37.65p
+0.00p +0.00%
Bid Price Offer Price
37.50p 37.70p
High Price Low Price Open Price
- - -
Shares Traded Last Trade Market Cap (m)
0 01:00:00 695.14
SolGold PLC Porvenir Project Update
Intraday SolGold Chart
Intraday SolGold Chart
07/05/2019 7:01am
UK Regulatory (RNS & others)
TIDMSOLG
RNS Number : 1181Y
SolGold PLC
07 May 2019
7 May 2019
SolGold plc
("SolGold" or the "Company")
Large Porphyry Copper Gold Target Identified At The Porvenir Project
The Board of SolGold (LSE & TSX code: SOLG) is pleased to provide an update from the Company's regional exploration activities on its 100% owned Porvenir Project in southern Ecuador, held by SolGold's wholly owned subsidiary Green Rock Resources SA.
Highlights:
Ø Continued first pass mapping and sampling by Green Rock field
teams at Target 15 in the Porvenir Project has extended the
porphyry Cu-Au mineralisation at the Cacharposa Creek, located
on the Porvenir 2 concession.
Ø Results from additional rock saw sampling along the Cacharposa
Creek has extended the mineralised intercept to:
o 147.83m @ 0.64% CuEq (0.43 g/t Au, 0.37% Cu). This
intercept is open-ended.
o Including 82.63m @ 0.96% CuEq (0.71 g/t Au, 0.55% Cu).
Ø The additional mineralisation in the Cacharposa Creek continues
to display similar characteristics to Alpala, Cascabel with
Au:Cu = 1:1.
Ø Mapping and sampling of the Mula Muerta Creek on the northwest
side of the ridge from the Cacharposa Creek has discovered
similar mineralisation. Both areas are believed to be part
of the same mineralised system.
Ø Both these areas form part of an 800m-wide, northeast trending
mineralised corridor more than 1200m long. Porvenir contains
mineralisation styles, size and geometry consistent with
exposure of a vertically extensive, well-preserved porphyry
copper-gold system.
Ø 3D geochemical modelling carried out by Fathom Geophysics
has confirmed the potential for shallow porphyry style mineralisation
extending at depth. Modelling also confirmed the potential
for mineralisation at the Bartolo prospect along with two
new target areas.
Ø Drill testing and ground magnetics planned at Porvenir Target
15 in Q2 2019.
Ø Targeted ground magnetic survey comm