Solvista Gold Corporation (TSXV:SVV) announced the assay results from the first two completed drill holes at the Caramanta Project in Colombia, and confirmed the discovery of a new near surface porphyry gold-copper deposit at El Retén.

As quoted in the press release:

• Drill hole CAD-1201 intersected 149.7 m at 2.10 g/t gold equivalent (AuEq), including 49.0 m at 4.04 g/t AuEq, starting at a downhole depth of 5.0 m;
• Drill hole CAD-1202 intersected 185.6 m at 1.68 g/t AuEq, including 31.90m at 3.97 g/t AuEq, starting at a downhole depth of 11.6 m;
• Surface geochemical anomaly at El Retén measures up to 370m by 330m;
• El Retén is the southernmost target along the three kilometre strike length of the Caramanta porphyry cluster.

Solvista’s President and CEO Miller O’Prey, commented:

We are extremely pleased with these results from the first two drill holes at our El Retén target. The combination of long intercepts of porphyry-related gold-copper mineralization with very impressive grades beginning essentially at the surface has allowed us to confirm the El Retén porphyry system as the newest gold-copper discovery in the Middle Cauca Belt. We look forward to releasing more results from this and adjacent target areas over the coming months as we complete our Phase 1 8,000 metre drill program by the end of the first quarter of next year.

Click here to read the full press release.