Australian miner SolGold has released an updated on its Porvenir project in Ecuador where the company plans to carry out drill testing and ground magnetics in the second quarter of 2019.
“The size and grade of the outcropping mineralisation at Porvenir in-dicates a significant copper gold porphyry system. The 150m long channel sample is significantly longer and richer than the 50m long discovery outcrop at Alpala in the Cascabel tenement, which has so far yielded a contained resource of 23 million ounces of gold and nearly 11 million tonnes of copper,” said Nick Mather, the company’s chief executive, as quoted in the statement.
SolGold is listed on the London Stock Exchange and the Toronto Stock Exchange. Focused on the exploration of copper and gold de-posits, the miner says it is based in Brisbane, Australia, and has of-fices in Australia, the UK, and Ecuador.