- SolGold said it had recorded positive results from rock sampling at the Porvenir copper and gold project in southern Ecuador.

Results from additional rock saw sampling along the Cacharposa Creek had extended the mineralised intercept to 147.83 metres at 0.64% copper equivalent, the company said.

Drill testing and ground magnetics were planned at Porvenir target 15 in the second quarter.

'The size and grade of the outcropping mineralisation at Porvenir indicates a significant copper gold porphyry system,' chief executive Nick Mather said.

'The 150m long channel sample is significantly longer and richer than the 50m long discovery outcrop at Alpala in the Cascabel tenement, which has so far yielded a contained resource of 23 million ounces of gold and nearly 11 million tonnes of copper.'

At 8:23am: [LON:SOLG] SolGold PLC share price was +0.13p at 37.78p

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