SolGold PLC Announces Regional Exploration Discovers New Gold Targets



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.

 

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

 

http://www.rns-pdf.londonstockexchange.com/rns/4809Q_-2018-6-6.pdf

 

CONTACTS

 

Mr Nicholas Mather                                                                                       Tel: +61 (0) 7 3303 0665

SolGold Plc (Chief Executive Officer)                                                               +61 (0) 417 880 448

nmather@solgold.com.au

 

Mr Karl Schlobohm                                                                                         Tel: +61 (0) 7 3303 0661

SolGold Plc (Company Secretary)

kschlobohm@solgold.com.au

 

Ms Anna Legge                                                                                                 Tel: +44 (0) 20 3823 2131

SolGold Plc (UK Market IR / PR)

alegge@solgold.com.au

 

Follow us on twitter @SolGold_plc

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 

END



To view the associated document to this release, please click on the following link:
public://news_release_pdf/solgold06072018.pdf



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

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