2nd Mar 2015 11:02
LONDON (Alliance News) - SolGold PLC on Monday said it has received further positive results from drilling at the Cascabel copper-gold porphyry project in Ecuador.
The company said Hole 10 at the site has intersected strong visible copper mineralisation and said there is increasing evidence for a strong tier one target in the North West Alpala region of the prospect.
Drilling is expected to continue to intersect strongly mineralised porphyritic diorite in the coming days, as Hole 10 targets extensions around 100 metres north and northwest of the Upper and Lower High Grade zones intersected in Hole 9, SolGold said.
SolGold shares were up 0.4% to 3.4622 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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