Announcement Date: 2021-12-06
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: SolGold Plc
Project name: Porvenir
Location: Ecuador
Commodities: Gold,Copper
Highlight: Drilling results incl. 722m @ 0.52% Cu, 0.23g/t Au from 0.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an update on the Regional Exploration programme in Ecuador at the Porvenir held by Green Rock Resources S.A., a 100% owned and unencumbered subsidiary of SolGold. The Porvenir project is located approximately 100km north of the Peruvian border (Figure 1), in southern Ecuador and approximately 100km south of the 9.48 Moz Au Fruta Del Norte deposit [2] . The Company’s Porvenir project is held by Green Rock Resources S.A., a 100% owned and unencumbered subsidiary of SolGold. The Cacharposa porphyry copper-gold target is part of a 1,700m long northerlytrending mineralised corridor, up to 1,000m wide. The target is characterised by coincident Cu, Mo, Au and Cu/Zn soil anomalies that lie central to a zone of Mndepletion in soil. Reduced-to-the-pole (“RTP”) magnetics exhibit a central magnetic high surrounded by an annular magnetic low. These characteristics together are typical of numerous significant porphyry deposits globally, several of which have become mines.
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