El Palmar gold-copper discovery, northern EcuadorDrilling...

El Palmar gold-copper discovery, northern Ecuador

Drilling intersects porphyry copper

system in a large magnetic complex

Visible chalcopyrite supported by pXRF results; Large magnetic body which hosts

the mineralisation measures at least 1km vertically with large lateral extent

Key Points

• Drill hole EPDD026 has intersected a porphyry copper system at depth in the domain

where the T2 and T3 targets merge.

• The assessment is based on logging of porphyry stockwork veining, visible chalcopyrite

distribution and rock alteration and is supported by pXRF results; Assays are pending

• The mineralised interval is now >200m wide (down hole) from 1,060m and remains

open with the key characteristics strengthening as it extends. As the drillhole is still in

mineralised porphyry drilling is continuing beyond the current depth of 1360m

• The hole is believed to have intersected an extensive magnetic complex which is

interpreted to have a vertical extent of greater than 1,000m extending towards

surface, and a large lateral extent

• Importantly, this magnetic body sits within the broad Toachi fault zone which is a key

control on mineralisation at SolGold’s Cascabel project just 65km away