Search Share Prices
SolGold upbeat on latest exploration at Cisne
SolGold updated the market on exploration at its 100%-owned Cisne Project in Loja, Southern Ecuador on Thursday. - a prospect held in its subsidiary Green Rock Resources.
The AIM-traded firm said a first pass stream sediment survey identified several areas of strong gold mineralisation in the Cisne Loja concessions.
It added that a follow-up of gold anomalies led to the discovery of outcropping epithermal-style alteration and mineralisation with multiple episodes of quartz veining.
There were "similarities to the epithermal gold system at Fruta del Norte in Southern Ecuador - 14m oz Lundin Gold," the board reported.
It also said numerous rock chip samples returned gold and silver greater than 1 g/t Au, with a best rock sample result of 15.25 g/t Au and 23.6 g/t Ag.
"Numerous areas of epithermal quartz veins with alteration exhibiting silica-kaolinite-quartz clay assemblages together with vuggy quartz indicate an intermediate sulphidation epithermal environment," SolGold said.