New Discoveries in Regional Program

ACCESSWIRE
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BISHOPSGATE, LONDON / ACCESSWIRE / November 29, 2017 / The Board of SolGold (AIM code: SOLG) is pleased to provide an update on exploration at its 100% owned Porvenir and Timbara Projects, in Southern Ecuador. The prospect is held in the 100% owned subsidiary Green Rock Resources.

HIGHLIGHTS:

  • Outcropping porphyry style copper mineralisation discovered at Porvenir and Timbara.

  • Both projects are of Jurassic age similar to nearby Fruta del Norte, Mirador and Santa Barbara deposits.

  • Results from rock chip samples collected at the Porvenir Project include:

    -1.58% Cu in sample R03000587
    -4.27% Cu in sample R03000588
    -1.30% Cu in sample R03000592

  • Results from rock chip samples collected during stream reconnaissance at the Timbara Project include:

    -2.44% Cu in sample R03000216
    -1.59% Cu in sample R03000232
    -1.64% Cu in sample R03000221
    -1.23% Cu in sample R03000203
    -1.00% Cu in sample R03000205

  • Rock chips at Porvenir Project were identified by following up highly anomalous Cu stream sediment geochemistry over a 6km x 5.5km area.

  • Prospecting at Timbara is at a very early phase with only 1 of 4 concessions prospected thus far. Early rock chip results indicate copper mineralisation over a NE-SW corridor up to 4.5km long x 1.2km wide.

References to figures and tables relate to the version of this release visible in PDF format by clicking the link below:

http://www.rns-pdf.londonstockexchange.com/rns/7854X_-2017-11-28.pdf

This information is provided by RNS

The company news service from the London Stock Exchange

SOURCE: SolGold plc

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