LONDON (ShareCast) - - Copper grades rise at Cascabel project
- Assay results for next drill hole in two weeks

SolGold’s shares rose after announcing an increase in copper grades at the Cascabel project in northern Ecuador.

Final assay results for copper-gold mineralisation in drill hole CSD-13-001 revealed a 14.7% rise in the copper grade across a 302 metre interval and a 30% increase within a 100 metre high-grade zone.

The miner intersected 0.39% copper and 0.48 grams per tonne (g/t) gold from 16 metres in the 302 metre interval and 0.65% copper and 1.0 g/t gold from 222 metres in the 100 metre zone.

Assay results for the first 200 meters of drill hole CSD-13-002 are expected within two weeks.

The Cascabel project is located in northwestern Ecuador in an under-explored northern section of the richly endowed Andean Copper Belt.

Shares rose 2.62% to 8.80p at 11:02 on Wednesday.

RD

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