- SolGold has provided an an update on the results of the recently completed ground magnetics survey and plans for future geophysics work at Cascabel, the company's copper-gold porphyry project in Ecuador. HIGHLIGHTS:

- Ground magnetic survey results over Cascabel tenement reveal exciting targets.

- Exceptionally high-quality product produced from 650km of total field data acquired at line spacing of 50m.

- The ground magnetic data have been processed using several different filtering tools to enhance gradients over a range of wavelengths / depths and improve the detection of structures (e.g., faults and fracture zones) and intrusions.

- Ongoing 3D modelling of the magnetic data will enable the direct detection and delineation of magnetite distribution. Initial results are expected soon.

- The planned Spartan-Orion hybrid induced polarisation survey will enable the direct detection and modelling of sulphides in 3D to in excess of 3km. This survey can be combined with existing drill-hole logs to construct improved 3D constrained geographical models.

- The increased sensitivity of the Spartan-Orion hybrid survey will allow for the production of improved structural and geological rock-type and mineralisation maps.

At 9:33am: [LON:SOLG] SolGold PLC share price was +1.13p at 38.88p

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