SolGold moves ahead with Alpala drilling programme

Explorer SolGold has drilled 100km more holes at its Alpala asset since the project's maiden mineral resource estimate back in January in order to provide it with a "stronger resource base" at the Northern Ecuadorian asset.

With the Alpala deposit holding 6m ounces of gold in the indicated category, in addition to the 2.3m tonnes of copper, SolGold said the additional drilling had provided it with "robust" results, such as hole 57 which returned over 560m at 1.7% copper.

Elsewhere, Hole 41-D1-D2 returned a similar result, confirming the deposit's core at an uninterrupted true dimension of 750m vertically with a cut-off grade of 1.5% CuEq.

SolGold highlighted that the actual grade of the internal core would "of course be significantly higher" than the cut-off grade.

SolGold holds an 85% interest in Exploraciones Novomining, which owns 100% of the Cascabel tenement.

As of 1240 BST, SolGold shares had climbed 2.95% to 22.14p.