SolGold reports new copper targets in Ecuador

SolGold updated the market on exploration at its 100%-owned La Hueca, Porvenir and Timbara Projects in Southern Ecuador on Monday, which cover 60km of strike along Ecuador's Southern Jurassic porphyry corridor.

The London-listed firm said two new copper targets had been discovered on the western side of the La Hueca Project.

It said channel chip sampling returned 17.3m at 3.87% Cu, 0.46 g/t Au, including 6m at 9.39% Cu, 0.98 g/t Au.

New mineralised outcrops had been identified in the Porvenir Project that were rich in chalcopyrite, chalcocite, covellite, bornite and malachite.

“The southern Jurassic porphyry corridor is of similar age to nearby Fruta del Norte, Mirador and Santa Barbara deposits,” SolGold’s board explained.

“Detailed auger soil programs are planned for La Hueca, Porvenir and Timbara to further delineate drill targets.”