19th May 2015 07:29
LONDON (Alliance News) - SolGold PLC on Tuesday said it has intersected strong visual copper mineralisation at Hole 11 at the Cascabel copper-gold-porphyry project in Ecuador.
SolGold said it encountered strong visual copper mineralisation in the drill hole at 996 metres and said this variably continues to the current hole depth of 1,128 metres. The results extend the strongly mineralised zone at the prospect.
The company said the results give it confidence that the rich Alpala Central mineralisation zone extends to the tier-one target at the site.
Shares in SolGold were up 8.0% to 3.05 pence in early trade, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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