SolGold Finds High Grade Gold Mineralisation At Ecuadorian Project

20th Mar 2018 15:12

LONDON (Alliance News) -SolGold PLC said Tuesday that it has identified gold mineralisation at the 100% owned Blanca Nieves Project located in northern Ecuador.

The project is owned by SolGold's subsidiary Carnegie Ridge Resources.

The company said that the high grade style gold mineralisation has been identified over an interpreted 10 kilometer long Northwest trending structural corridor linking both the Nieves and Blanca concessions. The Blanca Nieves epithermal gold veins were found in a previously unrecognised corridor of gold mineralisation of "the under explored potential of the Ecuadorean section of the Andean copper-gold belt".

Rock chip samples collected from the project include 79.2 grammes of gold per tonne of ore and 59 g/t, the company added.

Shares in SolGold were down 1.8% at 22.30 pence each on Tuesday afternoon.

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