Bishopsgate, London (FSCwire) - The Board of SolGold (LSE / TSX code: SOLG) is pleased to provide an update on exploration at its 100% owned Cisne Project in Loja, Southern Ecuador. The prospect is held in the 100% owned subsidiary Green Rock Resources (“Green Rock”).
HIGHLIGHTS:
- First pass stream sediment survey identifies several areas of strong gold mineralisation in the Cisne Loja concessions.
- Follow up of gold anomalies has led to the discovery of outcropping epithermal style alteration and mineralisation with multiple episodes of quartz veining.
- Similarities to the epithermal gold system at Fruta del Norte in Southern Ecuador (14m oz Lundin Gold).
- Numerous rock chip samples returned gold and silver greater than 1 g/t Au with a best rock sample result of 15.25 g/t Au and 23.6 g/t Ag.
- Numerous areas of epithermal quartz veins with alteration exhibiting silica-kaolinite-quartz clay assemblages together with vuggy quartz indicate an intermediate sulphidation epithermal environment.
