StockMarketWire.com - SolGold [LON:SOLG] has provided drill hole CSD-16-017 assay results from the Cascabel Copper Gold Porphyry Project, northern Ecuador, in which it holds an 85% stake.

HIGHLIGHTS:

- Drill hole 17 final assay results return 948m @ 0.54% copper and 0.53 g/t gold (for 1.01% copper equivalent) from 330m at Alpala (at 0.2% copper equivalent cut-off grade).

- High grade sections within this envelope include: 562m @ 0.70% copper and 0.75 g/t gold (for 1.36%copper equivalent) from 702m (at 0.4% copper equivalent cut-off grade); 248m @ 0.94% copper and 1.36 g/t gold (for 2.16% copper equivalent) from 784m (at 0.7% copper equivalent cut-off grade); 136m @ 1.28% copper and 2.20 g/t gold (for 3.24% copper equivalent) from 846m (at 1.5% copper equivalent cut-off grade).

- Intersection commences at 330m, approximately 350m below surface, and remains untested at higher elevation.

- Alpala Deposit extensions upwards and south west confirmed.

- Alpala mineralisation now drill confirmed over 450m width, 700m in length and 1800m vertically.

- Next drill campaign at Alpala includes testing the south west area over a 500m strike length.

- Further outcrop targets identified at Tobar Creek 700m west of the Tandayama- America target.

- Mapping and rock saw channel sampling continues along significant outcrops to mature drill targets at Aguinaga, Moran, Parambas, Tandayama-America and Carmen.

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Gem Diamonds [LON:GEMD] will be releasing a trading update for the six months ended 30 June on 19 July.

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GoldStone Resources [LON:GRL] will hold its annual general meeting at Faegre Baker Daniels LLP, 7 Pilgrim Street, London EC4V 6LB, on 28 July at 10 a.m.

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The sector's biggest riser was Ncondezi Energy [LON:NCCL] - up by more than 20.6% in late trading - while the biggest faller was Highland Gold Mining [LON:HGM] - down by over 12.3%.





At 4:25pm:

[LON:AUR] Aurum Mining PLC share price was 0p at 1p

[LON:BOR] Borders Southern Petroleum PLC share price was +0.01p at 1.88p

[LON:CHAR] Chariot Oil Gas Ltd share price was +0.12p at 5.64p

[LON:ENQ] EnQuest Plc share price was +0.38p at 30.38p

[LON:GEMD] Gem Diamonds Ltd share price was -0.12p at 126.63p

[LON:GKP] Gulf Keystone Petroleum share price was +0.26p at 4.6p

[LON:GPX] Gulfsands Petroleum PLC share price was 0p at 3.13p

[LON:GRL] GoldStone Resources Ltd share price was -0.1p at 2.88p

[LON:HGM] Highland Gold Mining Ltd share price was -16.87p at 119.13p

[LON:INDI] Indus Gas Ltd share price was +5.01p at 220.13p

[LON:NCCL] Ncondezi Energy Limited share price was +0.75p at 4.38p

[LON:PET] Petrel Resources PLC share price was -0.13p at 7p

[LON:RKH] Rockhopper Exploration PLC share price was -0.12p at 33.38p

[LON:RPT] Regal Petroleum PLC share price was +0.17p at 3.87p

[LON:SOLG] SolGold PLC share price was +0.08p at 4.08p

[LON:XEL] Xcite Energy Ltd share price was -0.57p at 8.08p



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