Good results from @SolGold_plc's Rock chip samples and from a 200x1m long Breccia on the Coangos Project. Now time to drill and see what's below...
Breccia sample from Anomaly 2 - 27.98% Cu, 227 g/t Ag, 0.98% Zn
| Strong Copper-Gold Porphyry Results Returned in The Coangos Project, Southern Ecuador |
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The Board of SolGold (LSE & TSX code: SOLG) is pleased to provide an update from the Company's regional exploration activities from its 100% owned Coangos Project in southeastern Ecuador, held by wholly owned subsidiary Cruz Del Sol S.A.
Highlights
- Initial geochemical sampling has identified 4 anomalous areas in the Coangos Project in the Coangos 2, Chimius and Chimius 2 Tenements (Figure 2).
- Two areas of mineralised outcrop have been identified in Anomaly 1 (Figure 2).
O Rock chip samples of mineralised outcrops;
• R02001026 9.27% Cu, 91.5g/t Ag
• R02001027 8.31% Cu, 99.8g/t Ag
• R02001031 6.12% Cu, 60.1g/t Ag
O Rock chip samples of near-source stream boulders;
• R02001010 23.2% Cu, 122g/t Ag
• R02001011 20.6% Cu, 114 g/t Ag
- A high-grade fault breccia, located in anomaly 2 (Figure 2) has been mapped over 200m in length and 1m wide and remains open in both directions.
O Rock chip samples from the breccia
• R02001034 27.98% Cu, 227 g/t Ag, 0.98% Zn
• R02001035 8.37% Cu
• R02001036 6.45% Cu
- Coangas is now the twelfth 100% owned priority project in SolGold's regional exploration base.
Commenting on the results, Exploration and Ecuador Country Manager Jason Ward said: "The strong anomalism in the area , previous works by BHP and the extent of the Coangos system on the well endowed Jurassic Belt, also host to the Fruta del Norte and Mirador projects, both in development by third parties indicate very high potential for a major copper gold porphyry project in the broader tenement areaSee the whole release here: http://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3676&customerKey=Solgold&storyID=14309385
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