Business
Exploration Update - Blanca Project
Exploration Update - Blanca Project.
About this update from SolGold PLC
[{"type":"text","content":"\n \n \n \n RNS Number : 2103B\n SolGold PLC\n 06 October 2020\n \n \n \n \n 6 October 2020\n \n \n SolGold plc\n \n \n (\"SolGold\" or the \"Company\")\n \n \n \n \n \n Drilling Commences at Cerro Quiroz Target, \n \n \n Blanca Gold Project, Northern Ecuador \n \n \n \n \n \n The Board of SolGold \n (LSE & TSX code: SOLG)\n provides an exploration update on the Blanca Project in Northern Ecuador. The Blanca Project is held by Carnegie Ridge Resources SA, a 100% owned subsidiary of SolGold. \n \n \n \n \n \n HIGHLIGHTS:\n \n \n \n \n \n Ø \n \n Drill rig arrives at Cerro Quiroz, as drilling crews prepare to recommence drilling at the Blanca Project.\n \n \n \n \n \n \n Ø \n \n BDH-20-003, the third hole at Blanca Project will test the central portion of the Cerro Quiroz Dome Target, characterised by an extensively silicified topographic dome containing quartz vein and quartz-stockwork veining that returned rock assay results of up to 6.8g/t Au. \n \n \n \n \n \n \n Further Information\n \n \n SolGold continues to explore its extensive tenement portfolio in Ecuador with the goal of becoming a tier 1 copper and gold producing company. \n SolGold operates multiple regional field teams rapidly exploring and assessing 75 regional concessions throughout Ecuador. So far, 14 highly mineralised targets throughout Ecuador have been assessed, several of which the Company believes have the potential, subject to resource definition and feasibility, to be developed in close succession or even on a more accelerated basis compared to Alpala. \n \n \n \n \n \n The Blanca Project is located approximately 8km northeast of SolGold's flagship Alpala Deposit in Northern Ecuador. The Blanca Project lies on the prolific Andean Copper belt which is renowned as the production base for nearly half of the world's copper (Figure 1). SolGold holds a 100% interest over the Blanca Project through its Ecuadorean subsidiary company, Carnegie Ridge Resources S.A. \n \n \n \n References to figures relate to the version visible in PDF format by clicking the link below: \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/2103B_1-2020-10-6.pdf\n \n \n \n \n \n Previous drill holes 1 & 2 at the Cielito target encountered thin intersections of gold bearing quartz...