SOLG, page-17

Great update, SOLG moving north. Take out 16 cts tomorrow


Tuesday 04 April, 2017
SolGold PLC
Cascabel Exploration Update
RNS Number : 4981B
SolGold PLC
04 April 2017

4 April 2017

SolGold plc

("SolGold" or the "Company")

Cascabel Exploration Update: Alpala Continues to Grow

The Board of SolGold (AIM code: SOLG) is pleased to provide an update on Holes 19 to 25 at the Company's Cascabel copper-gold porphyry project in Ecuador.

HIGHLIGHTS:

Ø Hole 19 final results return:

· 1344m @ 0.44 % copper and 0.28 g/t gold from 268m (at 0.10% CuEq cut-off), including:

· 980m @ 0.55 % copper and 0.36 g/t gold from 514m (at 0.30% CuEq cut-off), and

· 552m @ 0.68 % copper and 0.45 g/t gold from 822m (at 0.5% CuEq cut-off).

Ø Hole 20R intersects strongly mineralised porphyry clasts within hydrothermal breccia returning open-ended intersection of:

· 498.4m @ 0.20% copper and 0.15 g/t gold from 844m (at 0.10% CuEq cut-off), including:

· 126.0m @ 0.27 % copper and 0.32 g/t gold from 1136m (at 0.30% CuEq cut-off), and

· 44.0m @ 0.27 % copper and 0.58 g/t gold from 1202m (at 0.50% CuEq cut-off).

Ø Hole 21 intersects significant copper sulphide mineralisation from around 685m to 1610m depth. Based on visual logging estimates, this 925m interval shows an average of >1.5 volume-percent chalcopyrite, which includes a zone that averages >2.0 volume-percent chalcopyrite over a down-hole length of approximately 490m. The abundance of bornite in the 925m interval is visually estimated to range from zero to 0.5 volume-percent. Chalcopyrite and bornite are copper sulphide minerals that contain 34.6% and 63.3% copper, respectively. Assay results for Hole 21 are expected in late April 2017.

Ø Hole 22 intersects visible copper sulphide mineralisation from 253m to approximately 1150m depth and includes very strong bornite mineralisation around 960m depth. Multi-directional quartz -chalcopyrite ±bornite veining occupies up to a maximum of 23 volume-percent in parts of Hole 22. Assay results for Hole 22 are expected in early April 2017.

Ø Hole 23R intersects hydrothermal breccia and strong phyllic alteration, with the presence of mineralised porphyry clasts in parts of the breccia. Hole 23R, at a current depth of 356.6m, is planned to intersect deep untested mineralisation up to 1800m below surface and has a planned hole depth of at least 2000m.

Ø Hole 24 continues drilling at Alpala Southeast, at a current depth of 649.5m testing approximately 570m to the southeast of Hole 23R. To date Hole 24 has intersected strong pyrite and trace chalcopyrite and trace bornite and molybdenite mineralisation. Hole 24 is planned to extend the known mineralised corridor at Alpala to some 1150m from Hole 13 in the northwest.

Ø Hole 25 continues drilling at Hematite Hill, at a current depth of 560.5m testing some 250m to the so