Saturday, June 24, 2017

SolGold up on Cascabel copper-gold results

Shares in Ecuador-focused miner SolGold (LON:SOLG) got a boost after the company updated the market on its Cascabel copper-gold project and announced it had received an initial approval to list on the Toronto Stock Exchange (TSX).

Assay results from Cascabel yielded positive results. While results from Hole 23R at Cascabel were delayed in the laboratory, the company said Hole 24 and 25 samples show a robust mineralized porphyry as well as a high-grade panel of intense bornite mineralization.
SolGold's Cascabel project is located in the northern portion of the Andean copper belt in Ecuador, renowned for hosting almost half the world’s copper known reserves. The South American country has been gaining ground as a mining investment destination thanks to a revised regulatory framework.

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