New high-grade copper, gold mineralisation for SolGold...

By Staff reporter / May 21, 2018 / www.mining-journal.com / Article Link

At the La Hueca project, two new copper targets were discovered on the western side, with channel chip sampling returning 17.3m at 3.87% copper, 0.46g/t gold at one, Target 5, including 6m at 9.39% Cu and 0.98g/t Au.

A total of 50 rock samples were collected from the second target, Target 6, and sent for analysis, with teams collecting additional samples and prospecting new streams. 

At the Porvenir project, new mineralisation outcrops were found to be rich in copper sulphide minerals — chalcopyrite (7%), chalcocite (2%), covellite (1%), bornite (1%) — and the copper canbonate mineral malachite (3%).

It said rock chip samples from Porvenir were still pending.

SolGold is planning to develop further drill targets using the prospecting results and detailed auger soil programmes at the three projects.

The projects' concessions cover 60km of strike along the country's Southern Jurassic porphyry corridor.

The company's technical teams previously discovered the new corridor of porphyry copper and gold minralisation at La Hueca that trended to the southwest through the other two projects, with peak surface results including 13.83% Cu at La Hueca, 28.9% Cu at Timbara and 4.13% Cu at Porvenir.

SolGold is also exploring its 85%-owned Cascabel copper?EUR?gold porphyry project in Northern Ecuador.

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