SolGold plc
Wednesday, February 14, 2018 - 2:00 AM EST

Cascabel Exploration Update – Aguinaga Drilling



Bishopsgate, London (FSCwire) - The Board of SolGold (LSE / TSX code: SOLG) is pleased to provide an update on the upcoming drill program at the Aguinaga prospect, at the Company’s Cascabel copper-gold porphyry project in Ecuador.

 

HIGHLIGHTS:

 

  • Two diamond drill rigs to mobilise to Aguinaga in early March 2018.

 

  • Five high priority drill targets identified.

 

Commenting on the Aguinaga targets, SolGold Technical Services Manager, Benn Whistler said:

 

“The Aguinaga Prospect is a highly prospective copper gold porphyry target that has demanded a detailed assessment since discovery of the outcrop, and now it’s ready to drill test.  We are excited to be moving two man-portable rigs up there imminently.

 

The targets we have now developed at Aguinaga are very compelling due to the coincidence of diagnostic anomalies in key supporting datasets, including surface mapping and sampling, spectral alteration clay species mapping, soil-and auger-geochemical results and the integration of magnetics, IP chargeability and Magneto Telluric (MT) resistivity models.

 

First pass drilling will commence to test five high-priority drill holes, initially up to 1200m deep, using two man-portable drill rigs.  Both drill rigs are planned to be moved into Aguinaga later this month, once they have completed their current holes at Alpala.  Since the arrival of five large drill rigs into the Alpala drill program, producing up to 100m of drill-core a day, SolGold is able to make these rigs available to test the Aguinaga and other peripheral targets.”

 

Click on, or paste the following link into your web browser, to view the associated PDF document

http://www.rns-pdf.londonstockexchange.com/rns/8070E_-2018-2-13.pdf

 

This information is provided by RNS

The company news service from the London Stock Exchange



To view the associated document to this release, please click on the following link:
public://news_release_pdf/solgold02142018.pdf



Source: SolGold plc (TSX:SOLG, AIM:SOLG, OTC Pink:SLGGF)

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