LONDON (ShareCast) - SolGold has started drilling its Alpala prospect at the Cascabel project, the company's copper-gold mine in northern Ecuador.
The first drill-hole, CSD-13-001, is positioned to test the stock-work zone of mineralisation.
The group plans to drill to a depth of 300 metres and will continue if mineralisation is encountered.
"The commencement of drilling of our first hole at Alpala is a very exciting time for SolGold shareholders and our partners Cornerstone," said Chief Executive Officer, Alan Martin.
"This is the time that every junior explorer dreams of, to be able to drill test a target deposit that has potential to be a world-class deposit."
SolGold holds a 50% interest and can earn up to 85% interest in Exploraciones Novomining S.A. (ENSA), an Ecuadorean registered company which holds 100% of the Cascabel concession in northern Ecuador. Cornerstone Capital Resources owns the other 50% of ENSA.
RD
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