Strong Epithermal Gold and Copper Porphyry Results At Cisne Loja Project

 

QUEENSLAND - SolGold reported an update on regional exploration activities from its 100% owned Cisne Loja Project in southern Ecuador, held by wholly owned subsidiary Green Rock Resources S.A.. Highlights: Celen Prospect - Copper, gold and silver mineralization has been identified over an area 1.5km by 1km; Copper, gold and silver mineralization is hosted in diorite and granodiorite units associated with fractures and magnetite veining generally trending northeast-southwest; Mineralized rock chip samples have been collected from 3 streams with significant rock chip results including: R03001218 5.28% Cu, 0.66 g/t Au, 91.4 g/t Ag; R03001221     5.08% Cu, 1.10 g/t Au, 25.8 g/t Ag; R03001204 4.92% Cu, 3.90 g/t Au, 55.7 g/t Ag; R03001215 3.65% Cu, 0.02 g/t Au, 95.5 g/t Ag; and R03001214 3.43% Cu, 0.09 g/t Au, 73.8 g/t Ag.

The Celen Prospect is located 7km south of the Cuenca Loma representing a mineralised gold and silver epithermal vein field.  Previously announced rock chip results from Cuenca Loma prospect include 15.25 g/t Au, 23.6 g/t Ag.

Jason Ward, SolGold’s Exploration & Country Manager said, “The presence of a strong epithermal gold field outcropping at Cuenca Loma prospect over 1.5km x 2.5km2 located 7km north of the copper gold porphyry prospect at Celen, over 1.5 x 1km, underscores the prospectivity of the area. The copper gold zonation presents us with a predictable geological framework, and we are optimistic about the discovery of both gold and copper ore bodies at Cisne Loja.”

The company’s address is Level 27, 111 Eagle Street, Brisbane, Queensland, Australia 4000, (61) 7 3303 0660, www.solgold.com.au.