12th Jan 2015 08:21
LONDON (Alliance News) - SolGold PLC share rose in early trade on Monday after the company reported positive intersection results from the Cascabel copper-gold porphyry project in Ecuador.
The company said the results are the strongest intersections received to date on the project and are comparable to significant drill intersections at existing large copper-gold porphyry projects.
The total downhole interval for Hole 9 at the site extends more than 1 kilometre and remains open at depth, it said.
The intersection provides three dimensions to high-grade mineralisation at the project, SolGold said.
Shares in the company were up 3.6% to 3.21 pence in early trade, one of the best performers in the AIM All-Share. They touched an intraday high of 3.68p at the open.
By Sam Unsted; [email protected]; @SamUAtAlliance
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