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SolGold Exploration Update on Blanca Project in Northern Ecuador

Mining News - Published on Wed, 20 Nov 2019

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The Board of SolGold has provided an exploration update on the Blanca Project in Northern Ecuador. The Blanca Project is located approximately 8kms north-northwest from SolGold's flagship Cascabel Project, and is held by Carnegie Ridge Resources SA, a 100% owned subsidiary of SolGold Pic.


Man-portable drill machine has been on site at the Blanca Project since mid-September testing the very high grade sub-horizontal veins, up to 0.4m wide, containing up to 617 g/t Au, at the Cielito Vein System

First hole (BDH_19_001) intersected a 30cm wide mineralised vein with visible gold along with multiple thin sulphide rich veins and mineralised fault zones

Phase 1 drilling program designed to test high grade polymetallic gold-telluride veins within the Cielito Vein System over a 500m by 400m zone, as well as gold-stockwork veining at the Cerro Quiroz Dome

Initial drilling supports the conceptual mineralising model that the Cielito Vein System consists of multiple stacked gold lenses with potential sub-vertical bonanza style feeder zones

Cerro Quiroz Dome is interpreted to represent an extensively silicified topographic dome containing gold-stockwork veining up to 6.8 g/t gold over a 700m by 300m area

Additional rock chip sampling of the Cielito vein in artisanal workings and tunnels confirms the potential of the Blanca Project with outstanding high-grade gold results, including
R01000676 540 g/t Au, 107 g/t Ag, 0.28% Cu
R01000677 545 g/t Au, 286 g/t Ag, 0.45% Cu
R01000678 392 g/t Au, 190 g/t Ag
R01000684 432 g/t Au, 159 g/t Ag
R01000715 428 g/t Au, 212 g/t Ag

The average grade of recent samples taken of the Cielito vein was 262 g/t Au over a 270m by 150m area from a total of 17 rock samples

SolGold continues to explore its extensive tenement portfolio in Ecuador with the goal of becoming a Tier 1 copper and gold producing company. SolGold operates multiple regional field teams rapidly exploring and assessing 75 regional concessions across 14 provinces in Ecuador. Thus far a group of 12 high value targets have been assessed to have world class potential.

The priority Blanca Project is located in northern Ecuador, approximately 8km north-northwest of SolGold's flagship Cascabel Project. 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. SolGold holds a 100% interest over the Blanca Project through its Ecuadorean subsidiary company, Carnegie Ridge Resources S.A.

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Posted By : Rabi Wangkhem on Wed, 20 Nov 2019
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