No cross promotion here as I don't own SOL Gold but an interesting new development in this exciting part of the world. Do we have a same same situation or a same same but slightly different story to tell at LCL is the key questoin that will be answered....
Could SolGold's new discovery be better than Alpala?SHARES in SolGold jumped yesterday after the company reported visual copper sulphide mineralisation in the first drill hole at its Porvenir project in Ecuador
The first hole into the Cacharposa target has so far hit over 500m of visual copper sulphide mineralisation, hosted by potassium-rich intrusions, as the hole continues towards a planned depth of at least 700m.Chalcopyrite mineralisation has been observed from 15.9m to the current depth of 525.3m. Detailed core logging, to a depth of 491m, shows chalcopyrite percentages of up to an estimated 6% by volume with associated porphyry-style total quartz vein abundance of up to a measured 11.7% by volume.Early interpretation suggests more intense mineralisation could be expected deeper in the system.Cacharposa (formerly called Target 15) returned 147.8m at 0.69% copper equivalent (0.43 grams per tonne gold, 0.37% copper), including 82.63m at 1.08% copper equivalent in a rock-saw channel last year.
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No cross promotion here as I don't own SOL Gold but an...
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