- SolGold said 12 rigs were now operational at its Cascabel project in northern Ecuador, where drilling is focused on targeting high-grade extensions to the Alpala copper-gold resource.

"The maiden resource is just the tip of the iceberg at Alpala," chief executive Nick Mather said.

"We are looking to substantially increase it, and focussing on high grade expansion. The bornite rich areas at Alpala South are yet to be comprehensively tested, and I'm confident we will find a deep, rich root at Alpala."

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