Bishopsgate, London (FSCwire) - The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on exploration at its 100% owned Blanca Nieves Project (“the Project”), in Northern Ecuador. The Project is held in SolGold’s 100% owned subsidiary Carnegie Ridge Resources (“Carnegie”).
HIGHLIGHTS:
- High grade epithermal style gold mineralisation has been identified over an interpreted 10km long NW trending structural corridor linking both the Nieves and Blanca concessions.
- The Project is located immediately north of the Cascabel concession that hosts SolGold’s flagship Cascabel copper-gold project.
- The Blanca Nieves epithermal gold veins are situated in a previously unrecognised corridor of gold mineralisation highlighting once again the under explored potential of the Ecuadorean section of the Andean copper-gold belt.
- Results from rock chip samples collected during stream reconnaissance at the Project include:
- 79.2 g/t Au, 0.98 % Cu, >100g/t Ag*, >1% Zn* Nieves
- 6.7 g/t Au, 0.15% Cu, 59 g/t Ag Nieves
- 2.99 g/t Au Nieves
- 2.23 g/t Au, >1% Zn* Nieves
- 18.75 g/t Au Cielito vein – Blanca
- 17.05 g/t Au Cielito vein – Blanca
- 4.93 g/t Au Cielito vein – Blanca
* = Overlimit assays are pending
