LONDON (ShareCast) - Solgold, the South America-focused miner, said it had received encouraging results from the Cascabel copper-gold porphyry project in Ecuador.
The firm said drill hole 8 at the site was completed and encountered notable copper sulphides from 367.1 metres to 680.8 metres and at 908.8 metres to 1,310.5 metres, while hole 9 at Cascabel is due to start in November and the final processing on the Orion 3D "Deep Earth Imaging" process is nearing completion.
"We are encouraged by the visual results from Hole 8 which indicate the widespread nature of the mineralisation at Alpala," said Alan Martin, group's chief executive officer and managing director.
On Monday, Solgold shares closed down 4.76% to 5.00p.
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