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.