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SolGold update on Coangos Project in Ecuador

Mining News - Published on Tue, 14 May 2019

Image Source: solgold.com.au
The Board of SolGold has provided 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 SA. 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 area.”

Highlights

Initial geochemical sampling has identified 4 anomalous areas in the Coangos Project in the Coangos 2, Chimius and Chimius 2 Tenements

Two areas of mineralised outcrop have been identified in Anomaly

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, 60.1 g/t Ag

Rock chip samples of near-source stream boulders
• R02001010 23.2% Cu, 122g/t Ag
• R02001011 20.6% Cu, 114 g/tAg

A high-grade fault breccia, located in anomaly 2 has been mapped over 200m in length and 1m wide and remains open in both directions.

• 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.

Source :

Posted By : Rabi Wangkhem on Tue, 14 May 2019
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