Ecuador Resources

[Lone Clone]

Solgold/Cornerstone Capital Cascabel Exploration Update

Exceptional Recent Drilling Results at Alpala Reveal a Larger, More Cohesive High Grade Core

https://www.fscwire.com/newsrelease/cascabel-exploration-update-5

Monday, August 13, 2018 - 2:00 AM EDT

Bishopsgate, London (FSCwire) - The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on recent infill drilling at Alpala Central, at the Company's Cascabel project in Northern Ecuador.

HIGHLIGHTS:


Exceptional assay results from recent infill and extension drilling at Alpala Central reveal a far more robust high-grade core than previously modelled.


Hole 57 (Alpala Central Infill):

832m @ 1.41% CuEq (0.72% Cu, 1.10g/t Au), incl.

562m @ 1.72% CuEq (0.85% Cu, 1.37g/t Au), incl.

304m @ 2.52% CuEq (1.15% Cu, 2.18g/t Au), incl.

182m @ 3.46% CuEq (1.49% Cu, 3.14g/t Au)


Hole 55R (Alpala Central NW Extension):

1062m @ 1.02% CuEq (0.69% Cu, 0.52g/t Au), incl.

548m @ 1.36% CuEq (0.86% Cu, 0.80g/t Au), incl.

220m @ 2.07% CuEq (1.22%Cu, 1.34g/tAu)


Hole 41-D1-D2 (Alpala Central Infill): Partial assay results to 1458m.

512m @ 1.09% CuEq (0.59% Cu, 0.80g/t Au), open at depth, incl.

326m @ 1.51% CuEq (0.77% Cu, 1.18g/t Au), open at depth, incl.

128m @ 2.51% CuEq (1.11% Cu, 2.23g/t Au), open at depth.

Commenting on today's release, Mr Eduardo Valenzuela, the Company's Study Manager, said: "From a potential mining perspective, the updated proposed MRE, could provide not only a stronger resource base but also a larger and more cohesive high-grade core which could be mined at a higher production rate in the early years thus enhancing the project NPV and IRR."

References to figures and tables relate to the version of this release on the Company's website (www.solgold.com.au) or visible in PDF format by clicking the link below.

Click on, or paste the following link into your web browser, to view the announcement in full.

http://www.rns-pdf.londonstockexchange.com/rns/4692X_1-2018-8-10.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

To view the associated document to this release, please click on the following link:
public://news_release_pdf/solgold08132018.pdf

To view the original release, please click here



Source: SolGold plc (TSX:SOLG, LSE:SOLG, OTC Pink:SLGGF)