SolGold Extends Copper-Gold Porphyry at Porvenir

SolGold (TSX:SOLG,LSE:SOLG,OTC Pink:SLGGF) has given an update on its Porvenir exploration project in Ecuador, held by company subsidiary Green Rock Resources SA.

Highlights from the press release are as follows:

• Continued first pass mapping and sampling by GreenRock field teams at Target 15 in the Porvenir Project has extended the porphyry copper-gold mineralisation at the Cacharposa Creek, located on the Porvenir 2 concession.

• Results from additional rock saw sampling  along the Cacharposa Creek has extended the mineralised intercept to:

  • 147.83 meters at 0.64 percent copper equivalent (0.43 grams per tonne gold, 0.37 percent copper). This intercept is open-ended.
  • Including 82.63 meters at 0.96 percent copper equivalent (0.71 grams per tonne gold, 0.55 percent copper).

• The  additional  mineralisation in the Cacharposa Creek continues to display similar characteristics to Alpala, Cascabel with gold:copper = 1:1.

• Mapping  and sampling of the Mula Muerta Creek on the northwest  side of the ridge from the  Cacharposa Creek has discovered  similar mineralisation. Both areas are believed to be part of the same mineralised system.

Nick Mather, SolGold CEO, commented:

“The latest progress at Porvenir is indicative of the effort SolGold puts into its first mover advantage secured in 2014 across Ecuador. SolGold’s team of geoscientists led by Dr. Steve Garwin, porphyry expert, recognised several targets with the right geochemical, geological and geophysical signature and we have so far secured eleven of  them. SolGold is committed to leading the development of a sustainable copper-gold mining industry in Ecuador. The high grades and strong gold endowment at Alpala and Porvenir provide us with a unique opportunity to develop this company without joint ventures.”

Click here to read the full press release from SolGold.