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SolGold's Cacharposa returns big hit as resource nears

SolGold has reported one of the best drill intersections to date at the Cacharposa target at its Porvenir copper and gold project in southern Ecuador as it continues to delineate a near surface, large, mineralised porphyry system.
SolGold's Cacharposa returns big hit as resource nears SolGold's Cacharposa returns big hit as resource nears SolGold's Cacharposa returns big hit as resource nears SolGold's Cacharposa returns big hit as resource nears SolGold's Cacharposa returns big hit as resource nears

Drilling at SolGold's Porvenir in Ecuador

Staff reporter

The company hit an intercept of 722m grading 0.66% copper equivalent from surface including 118m grading 1.13% from 12m at the Cacharposa target.

"Results from Cacharposa continue to improve with Hole 19 representing one ofthe best intersections to date at the Porvenir project. Mineralisation in this hole commenced from surface and attests to the economic potential of this project. … We believe the Porvenir project has the potential to become a tier one copper-gold porphyry camp," said SolGold head of exploration Jason Ward.

SolGold is advancing on a maiden resource estimate for Cacharposa which is expected before year end.

Share in SolGold are trading at C40c, valuing the company at $918 million.