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SOLG Solgold Plc

9.43
-0.14 (-1.46%)
29 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Solgold Plc SOLG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.14 -1.46% 9.43 16:35:05
Open Price Low Price High Price Close Price Previous Close
9.80 9.45 9.80 9.43 9.57
more quote information »
Industry Sector
MINING

Solgold SOLG Dividends History

No dividends issued between 30 May 2014 and 30 May 2024

Top Dividend Posts

Top Posts
Posted at 29/5/2024 21:10 by hazl
SolGold
@SolGold_plc
Our Cascabel project is one of the largest gold resources amongst primary gold mines and assets worldwide, the second largest not controlled by a major.

Review our corporate presentation for more information, here:


LSE: SOLG
TSX: SOLG
Posted at 16/5/2024 15:45 by havinthelastoast
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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 19.48p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C
Posted at 16/5/2024 09:03 by havinthelastoast
Nice one Georgia!

Let's keep this simple - anytime Lowtrawler or loganair post anything, make sure they are knocked so far down the page that no one will see their posts.

They are not invested here so their input is not required and is 100% negative and malicious.

Time to cut the cancer out.

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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 19.48p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C
Posted at 16/5/2024 08:58 by kinggeorgevii
As toast say, worth repeating...



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Solgold Share Chat - SOLG
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.88p. Over the last year, Solgold shares have traded in a share price range of 5.67p to 19.48p.

Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £266.50 million. Solgold has a price to earnings ratio (PE ratio) of -5.29.
Current Price
8.88

0.00

0.00%

Bid Price Offer Price
8.93 9.00
High Price Low Price Open Price
Shares Traded Last Trade Market Cap
0.00 01:00:00 266.5M

Solgold Share Discussion Threads
Next Page
Date Subject
16/5/2024
07:54 havinthelastoast: Highlights of the Period Include:

· Completion of the updated Cascabel Pre-Feasibility Study ("PFS"): The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figures include a pre-tax NPV8% of $5.4bn, 33% IRR, and a post-tax NPV8% of $3.2bn with a 24% IRR. The PFS presents significant copper, gold, and silver production estimates over a 28-year mine life, updated mineral resource and reserve statements for the Alpala Deposit and an updated mineral resource statement for the Tandayama America deposit. (PFS Announcement)

· Appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to the Board of Directors: Mr. Lui and Mr. Joseland bring extensive experience and valuable insights that will support SolGold's strategic initiatives and governance. (Directors Announcement)

· The Blanca-Nieves Project Exploration Update: Assays from channel-saw samples of gold-bearing epithermal quartz vein outcrops at the Florida target returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. Additionally, a significant porphyry target has been identified at Cielito Norte, covering approximately 2.5 x 2.5 km, approximately 8m from the Cascabel project of about 8 km. (Exploration Update)

· Memorandum of Understanding ("MOU") for Hydro-Solar Energy Initiative: SolGold has signed an MOU with Grupo Empresarial Semaica, Enerhydra, and Constructora Nacional S.A. for a sustainable hydro-solar energy initiative at the Cascabel Project. The collaboration aims to develop a Power Project delivering approximately 200 megawatts of renewable energy, aligning with environmental stewardship and economic development goals, with partnerships established to secure financing and ensure adherence to regulatory standards. (MOU Announcement)
Read Full ThreadReply
16/5/2024
07:50 havinthelastoast: As at 31 March 2024, SolGold Plc (the “Company”;;) and its subsidiaries (the “Group”) had cash on hand of $3,452,963 and net

current assets of $3,540,879. Following the successful completion of a $10 million financing subsequent to the balance sheet

date, the group has sufficient liquidity for the next few months but less than twelve months to support its operations while

it explores substantial and longer-term funding solutions. On 13 May 2024, the Company agreed to a short-term $10

million loan. The loan may be repaid early and other terms and conditions are customary for the nature of the loan.

The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 30

September 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going

concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge

of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the

Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to

continue as a going concern depends on its ability to manage costs and secure additional financing within the next twelve

months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to

continue their exploration and development programme and in order to continue to meet their obligations and liabilities as

they fall due.

A going concern assessment conducted by the Group, reviewing its current and projected financial performance and position,

including current assets and liabilities, future commitments, and forecast cash flows, has determined in management’s base

case and downside scenarios, there is not sufficient liquidity for at least the next twelve months from the date of approval of

these financial statements, without the receipt of additional financing.

The Company has a proven ability to execute equity and other financings, most recently demonstrated by the completion of a

$10 million borrowing subsequent to 31 March 2024. The Directors have a reasonable expectation that the Group will be able

to raise further funds when necessary and, as has been the case previously, the Directors expect that future funding will likely

be provided by equity investors, debt, or via other strategic arrangements.

If the Company is unable to secure sufficient funding, it may not be able to fully develop its portfolio of exploration projects,

and this may have a consequential impact on the carrying value of the related exploration assets and the investment of the

parent company in its subsidiaries as well as the going concern status of the Group and the C
Posted at 02/5/2024 10:26 by lowtrawler
loganair. As you know, I am not invested in SOLG and will not be investing in SOLG. Even so, I do believe Cascabel is a major asset that will eventually be exploited. I firmly believe a bid will be made for SOLG and Cascabel will be progressed to build. What I don't know is the timing or price. IMV, the longer it takes for a bid, the lower the price and eventually it would become a distressed sale.

IMV, SOLG will have no difficulty raising funds this year. My concern is how they raise those funds. If they enter a NSR or offtake deal, it will reduce the value of Cascabel and make an early bid less likely.

So long as SOLG do not come under pressure to meet their exploration commitments at the regional licenses, they can likely limp along for the next 3 years waiting for that illusive bid before they can be considered distressed. The other risk is the government lose patience at delays to the build. Cascabel is expected to form a major part of the Ecuador economy and if they don't commence build quickly, a distressed sale may be forced on them. This is why I still believe a bid is likely over the next few months.
Posted at 28/4/2024 11:04 by hazl
SolGold plc

("SolGold" or the "Company")

Blanca-Nieves Project Update - Outcrop results 6.15m @ 7.46 g/t Au



SolGold (LSE & TSX: SOLG) is pleased to provide an update on the Blanca-Nieves Project ("Project"). SolGold holds a 100% interest in the Project through its Ecuadorian subsidiary, Carnegie Ridge Resources S.A.



· Exploration identified a significant porphyry target at El Cielto Norte covering approximately 2.5 x 2.5 km and is greater in extent than the Alpala system to the south at the Cascabel Project

· At Florida, new assays from channel samples of gold-bearing epithermal quartz vein outcrops with up to 6.15m true thickness, returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au

· Advancing new target areas towards drill-ready status

· Potential for future integration of Blanca-Nieves with the Tier 1 Cascabel Project, due to the proximity of approximately 8 km



Santiago Vaca, SolGold's Chief Geologist, commented:

"Our team is excited about the overall prospect of the Blanca-Nieves Project, including the potential for future integration with the Cascabel Project. The district scale opportunity reinforces our view that mining has the potential to be a significant, multi-generational sector in Ecuador."
Posted at 19/4/2024 10:07 by lowtrawler
hazl, if you don't understand the limited connection of the SOLG share price to metal prices, you have failed to grasp anything about SOLG fundamentals. Forecast metal prices will guide pricing but construction costs, operating costs, taxation, Ecuador specific risks, other risks, costs of capital, opportunity costs, competition, rumours of bid interest, possible finance dilution, SOLG obligations to explore the unexplored licenses etc. etc. also guide the price. Not only that, the metal prices that matter are those being forecast many years from now and can be completely different to the spot price.

There are a huge number of factors influencing the SOLG share price. Producers have a far more direct connection to metal prices than SOLG.
Posted at 17/4/2024 11:45 by lowtrawler
hazl, my stance should always have been clear. I don't invest in companies that require a takeover to be successful and so will not be investing in SOLG. However, I have a long investing history with SOLG that means I understand the business and the price drivers. I want SOLG to be sold for a good price and shareholders to make money. I have maintained an interest in SOLG because it will end with a bid and probably a bidding war. I want to see what triggers the bid and how the bidding war develops.

I believe it makes me a rare commodity on bulletin Boards: Someone who has the experience and knowledge to understand what is happening and call out when I believe prices will move in either direction. With no vested interest, you will always get my honest view of events. I believe you have failed to grasp the fact that SOLG's future is entirely dependent on a successful bid and structural movements in the commodity market are only relevant to the extent they make a bid more or less likely.

The reality is, SOLG will continually dilute shareholder value until such time as a successful bid. Any improvement to the share price is unlikely to come from management activity as they are running SOLG on care and maintenance. Improvements will only come from external factors e.g. Ecuador specific changes; metal price movements; anticipated copper demand; bid rumours etc.

As I have now said several times, SOLG have put in place everything they can to encourage a bid. Cascabel is an attractive asset and has a lot of interest from a lot of parties. I see nothing standing in the way of a bid being made and so am optimistic one will now happen. However, if it does not, it is difficult to understand what will change in the future that might trigger a bid. To make money on SOLG, you need a bid or you need to be trading the swings.
Posted at 15/4/2024 14:52 by lowtrawler
francois, there is no direct relationship between metal spot prices and the SOLG share price

The underlying value of SOLG will depend on metal prices many years into the future. If spot prices move significantly, it doesn't necessarily follow this will change metal prices at the point SOLG move into production.

Anyone looking to bid for SOLG will have had to assume much higher metal prices than were contained in the PFS. The higher spot prices may help validate their higher prices or even allow them to consider adjusting their price forecasts upward. Hence, you will see some impact as metal prices move but it is far less direct than a producer.

Long-term investing in SOLG is a bet on them receiving a bid at multiples of the current price. Improved spot prices could help encourage a bid or validate assumptions within a bid proposal. Hence, they are worth considering. However, they are only one small part of the planning that will go into deciding whether a bid will be made. Spot price movements will have very little impact on short-term SOLG price movements.
Posted at 28/3/2024 13:18 by hazl
19 March 2024



SolGold plc

("SolGold" or the "Company")

Blanca-Nieves Project Update - Outcrop results 6.15m @ 7.46 g/t Au



SolGold (LSE & TSX: SOLG) is pleased to provide an update on the Blanca-Nieves Project ("Project"). SolGold holds a 100% interest in the Project through its Ecuadorian subsidiary, Carnegie Ridge Resources S.A.



· Exploration identified a significant porphyry target at El Cielto Norte covering approximately 2.5 x 2.5 km and is greater in extent than the Alpala system to the south at the Cascabel Project

· At Florida, new assays from channel samples of gold-bearing epithermal quartz vein outcrops with up to 6.15m true thickness, returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au

· Advancing new target areas towards drill-ready status

· Potential for future integration of Blanca-Nieves with the Tier 1 Cascabel Project, due to the proximity of approximately 8 km



Santiago Vaca, SolGold's Chief Geologist, commented:

"Our team is excited about the overall prospect of the Blanca-Nieves Project, including the potential for future integration with the Cascabel Project. The district scale opportunity reinforces our view that mining has the potential to be a significant, multi-generational sector in Ecuador."

Further Information

The Blanca-Nieves Project is situated approximately 8 km north of the Company's Tier 1 Cascabel Project in northern Ecuador, which holds 3.7 Bt of ore, 12.4 Mt of copper and 31.3 Moz of gold in the measured plus indicated category, and 854 Mt of ore, 2.0 Mt of copper and 5.3 Moz of gold in the inferred category. The Cascabel Project is the largest undeveloped copper-gold resource in South America and one of the largest in the world; with its recently published pre-feasibility study indicating an initial capex of $1.55B and the initial block cave yielding a peak annual production of 216 kt of copper, 734 koz of gold and 1.16 Moz of silver. The Project is situated in the Northern Andean Copper-Gold Belt, a region that promises to deliver a significant proportion of the copper and gold necessary to meet the growing global demand over the coming decades.



High-grade "bonanza-style" gold and silver mineralisation with visible gold has been discovered outcropping at numerous locations within the Blanca-Nieves Project area. This includes the previously reported presence of epithermal quartz veins with over 100 g/t gold grades at Cielito and Florida. The ongoing exploration efforts at the Blanca-Nieves epithermal gold-silver vein field continue to demonstrate significant potential for complex high-grade epithermal vein systems, and recent work has also identified the potential for a parent mineralised porphyry body beneath the outcropping gold system.



SolGold is advancing new target areas towards drill-ready status as exploration continues with both epithermal vein and porphyry gold-copper as objectives. SolGold intends ultimately to extend the definition of the gold-bearing epithermal veins at Cielito and Quiroz beyond the range of previous historical artisanal mining and drilling to date and to extend the size of the discovery at Florida, further demonstrating the Company's commitment to realising the full potential of the Blanca-Nieves Project with a view to integration with Cascabel.



Recent and historic exploration at the Blanca-Nieves Project, immediately north of the Company's Cascabel Project, has identified a widespread epithermal gold and silver precious metal field which covers more than 80 square kilometres.



New assays of channel samples from gold-bearing epithermal quartz vein outcrops, with up to 6.15m true thickness, returned 6.15m @ 7.46 g/t Au at Florida, including 2.2m @ 21.1 g/t Au (Figure 1). A significant thickening of quartz veins is observed along with an increase in clay alteration at Florida, and more recent fieldwork has identified a significant porphyry target at El Cielito Norte, immediately west of Florida.

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