- SolGold has issued positive assay results from Hole 19 at the Alpala deposit on the Cascabel copper-gold porphyry project in Ecuador.

"Hole 19 has returned another long and well endowed intersection at Alpala," said CEO Nick Mather.

"Clearly, this result is endorsing the status of Alpala as not only very big, but with a rich core."


- Drill Hole 19 (CSD-16-019) returned a broad mineralised zone of 1132m grading 0.50% copper and 0.33 g/t gold from 268m depth, across an interpreted true width of approximately 500m to date (further assays to come), at the growing Alpala deposit.

- This long intersection includes 802m grading 0.63% copper, and 0.43 g/t gold from 572m depth, and 516m grading 0.75% copper, and 0.50 g/t gold from 838m, across true widths of approximately 360m and 230m respectively.

- The Hole 19 assay results reflect intersections significantly richer in bornite, (a copper rich sulphide mineral containing approximately 63% copper) than in previous drillholes, representing the southernmost and shallowest high grade mineralisation discovered at Alpala to date.

- Drilling focus moving from Alpala Central to Hematite Hill, towards Alpala Southeast, where strong bornite mineralisation and high temperature advanced argillic alteration are mapped at surface.

- Hole 20R continuing at 1342.4m.

- Holes 21 & 22 entering increasingly strong mineralization, and at current depths of 750.4m and 702.2m respectively.

- Two additional rigs to mobilise in February, increasing to seven drill rigs by year's end.

- Additional exploration targets selected throughout Ecuador, using SolGold's successful and efficient template for discovery.

Story provided by