Shot up this morning on exceptional results from samples.....started again...spelling mistake in title, sorry......anyway this is soaring....

Bit late now.

We want the tips before the rise :-))

By the way where are the solomon islands ?...somewhere in the Indian ocean I think......the maldives... around there if I'm not mistaken.....

just seen and bought a few to tuck away. more test results to come.

Be a bit like Her, guess the advfn crowd are pushing this, those that chase
at the top will have big paper losses, best to wait a few days and pick them
up much cheaper, Her went to 2p intraday, now 1.4p bid and running out of
steam, just too risky to chase stocks up these kind of %'s intraday.

Me too....first took a look at 9p and thought : not bothered or too late and before you could say presto it was up to 10p...now 12p with a lot more to come in the next month or so....

more news to come from HER next week, am waiting around to see how it goes.

Silver, copper prospect....never heard of it.....but will keep an eye on it....Solomon could climb up to the upper teens in the short term (just a guess).....we shall see....

When the continents broke up and India left Africa and Madagascar behind and shot up towards Pakistan and China (heaven knows why they would do that )...anyway coming back to the plot....the Solomon Islands were left behind....I think that's what happened...it's like a bank robbery and they forgot the loot ...

Some real gamblers in this stock, paying 12p or a penny premium when they
close up the limits, think it's TDW that is doing this, glad i'm not with them
although nobody is forcing anybody to press buy when quoted that price.

I have to say that the Solomon islands are in the pacific not in the indian ocean.....proper mix up...sorry.... anyway the story was good... mixed up with the Seychelles.....they are the other side of Papua new Guinea...did some checking and located them......sorry India nowhere near you.....

I think that Tom Hanks was grounded somewhere out here...Cook islands or so.....miss the tanker and that's it for a year...oh ! well there's always the next one...a bit like bus's....come by in two's or three'....s....

New article, click here and enjoy!

Some really brave or suicidal punters.

Paying 15p when 13p offer and 17.25p when 13p offer ????

Took a quick profit.....far too soon probably....might come back because this looks like one to follow....but this might be a spike up followed by drop....or perhaps not...

Thought you said you were not in !

required field - 14 Sep 2010 10:00 - 6 of 15
Me too....first took a look at 9p and thought : not bothered or too late and before you could say presto it was up to 10p...now 12p with a lot more to come in the next month or so....

Sorry....perhaps I was not clear enough....out now...but this is a gold stock to watch....

A lot more to come in the next month or so and you sell the next morning :-))

You should be at advfn.

EK is shorting this.....more to come but in a month or so....

You said he would be buying it yesterday !

Where is your source of info then ?

T1ps.com

Good grief you dont follow them do you ?

Sometimes......they only seem to get at the moment 1 in 3 right.....

Charging off again.....but not in....

nice steady rise today putting me in profit. been a good day.

I should have held on to mine....if EK is shorting ....he's got his fingers badly burnt....

Not only his fingers getting burnt - still going higher & higher
Go Solomon Go!

Wish I held on here....bravo msieu Turbot.....

Incredible....looks like they have some major future mines....

Made 500 in 10 minutes on this....

Stock of the week....why did I not keep my original holding.....?...damn.....

Cannot believe this....seldom does this happen....sold my last bit too soon again...

.

Incredible...I expected a spike and pullback but.....

Did you get some mnamreh.....miracle that I was watching when rns came through.....valued more than 100 million already...5p to 50p.....

.

60p....

Too trigger happy to sell....could not have guessed this earlier this week...and buying at this price....too high...perhaps...

I've made mistakes in my trading life but even though 2 profits have been made : selling too early on this is a big one....

Wow, what happened here....this was 14p 2 days ago.....is it worth getting in at this point?

Possibly but you might be stuck in it once profit taking sets in.....feeling sick.....

buying at 85p.....aggggghhhh......

.

The worst thing is that I should not be moaning....twice made a profit here this last week....and good ones at that....

.

I'm happy with what I've made....could have done a lot better....just fed up for a few hours and will carry on....

People buying at 85p just now....they have a bad loss as it is.....

.

It's worth repeating the chart!

Perhaps now is a good time if you are not in already....

I would not be easy taking a position at present RF.

Volatile to say the least....

and worth avoiding the stock too i'ld venture ..... have just heard US figures for whatever are horrid, so it'll be interesting to see where this one finishes

Never seen anything like it Cynic.....was at 5p a week ago ...trading at 85p this morning....

did you have a dabble? ..... i know i wasn't even tempted

I had i little dabble this morning at 24p then it went down to 22p just my luck i thought i've
been out shopping and come back to this......

Also bought today @ 24p - had to go to the dentist late morning and came back to see them trading in the low 80's. Best ever visit to the dentist I have had- must try that again sometime. (btw Sold @ 68p just prior to the fall back, what a day!)

Well done Mr Turbot....I've had several goes...not sure where this is going...

Well!!! I'm in at 13p had to work today and missed 80p but still good profit at 52p will have to wait till tomorrow. :))

tried to sell top 80s. td waterhouse made me queue, and got 61.8 lost 1000s. will be trying saga next time.

TDW are a bunch of shits .... i got stuffed by them once and that was sufficient .... you need to be able to deal FAST

Why is this share so jittery this morning, up down up down.

When the company get the access road in and start drilling, then the sample results will only get better.

Recent reports said that gold could top 1600 soon.

because it's a diddlysquat company with sp controlled by MMs only

Thanks for that, Cynic.
Damn the MMs.

Every company started out as a diddlysquat.
I have a feeling in my water that this little company could grow.

I'm still buying....

not true and glad you're not using my money

As my title says "myownmoney."

Side bet...I think the sp will get to 61p by the end of todays trade.

i'm in with a nice profit at mo and letting it run, i also think theres more to come from this one with gold at a high of nearly 13.,.

don't bet the caravan on it!

a sizeable piece of humble pie on some-ones menu tonight ...44p.......tiny oilees ,white nile and petrel res. spring to mind

i said nowt!

Incredibly volatile....5p to 85p to 44p....might be more news later with another spurt, but nothing sure....

I took a second look and thought i'm pushing my luck so sold 2/3rds with a 100% profit and let the rest run and see.

Cynic, I have found the fault with my crystal ball, bulb had blown....

what's happened to all you Chortling Charlies?
hope none of you feel like a barbecued sausage - burnt on the outside but very raw on the inside

.

don't say i didn't post my own scepticism of this stock very loud and clear .... do hope you aren't one of those sausages

.

talk about pump and dump .....Like your good self Cynners- despite your being a golfer - smelt a rat on this dog from the begining of its prodigious rise...- juste something not quite right with this casino type play .................nothing more than an instrument to pay for winter hols for mms et al in city...............l will wait for 5p

Contacted company secretary, they are at step 3 of 50 before production starts from the Fauro Island site.

How big the steps are only they know.....

grasping at straws i fear

prepared to wait as i'm in for a free ride.,.

doesn't look like it's ready for 5p yet.,.

still climbing up 18% so far..

up 15+% today suggests a floor has been found and all those pesky Australians who have had this as a spinoff since first listing at 50p should now have cleared off

still looks like a total rodney stock to me

UP...UP...UP....

up... up... up... something strange going on ?

it's a yoyo share, that's all

.

yo yo share this time 90% profit.

only if you've banked it

.

banked and counting the money.

good! ..... most peeps chuckle away at their paper profit and just leave it on the table while it floats away

KEY POINTS

Rannes:

Wide, near surface gold intersections.

Drill hole results KAU13, 86m at 1.50g/t gold and 15.1g/t silver (1.74g/t gold equivalent) and KAU6, 40m at 1.69g/t gold and 25g/t silver (2.02g/t gold equivalent).

Drill hole KAU8, 4m at 7.04g/t gold and 10.8g/t silver (7.21g/t gold equivalent).

Drill hole HOM43, 30m at 2.4g/t gold and 33g/t silver (2.83g/t gold equivalent), including 14m at 4.5g/t gold and 54g/t silver (5.17g/t gold equivalent).

The current program is designed to increase the resources of gold and silver by close spaced drilling around areas of previous good drilling results.

Extended 25km long prospective zone from Police Camp Creek to Kockatunga.

Target of approximately 1.0Moz gold equivalent.

Fauro:

Fauro surface sampling continues and further results expected over the next few weeks



Commenting on the recent results from the Homestead and Kauffmans Prospect, Nicholas Mather, Solomon Gold Chief Executive, said: "The Company is pleased to report that following the recent stoppage of drilling associated with unseasonal rain, drilling has recommenced on the Rannes Project. The current program is designed to increase the resources of gold and silver by close spaced drilling around areas of previous good drilling results and is targeting to increase open-pit resources to about half a million ounces of gold equivalent within three-months.



All the results from Homestead and Kauffmans have been received and the best results from Homestead were from drill hole HOM43, 30m at 2.83g/t gold equivalent, including 14m at 5.17g/t gold equivalent, from a depth of 32m. The Kauffmans results are particularly encouraging in that there are several shoots that could potentially be incorporated into a single open-pit mine design; KAU13, 86m at 1.50g/t gold and 15.1g/t silver, from a depth of 2m and KAU6, 40m at 1.69g/t gold and 25g/t silver, from a depth of 26m. The highest grade result was from drill hole KAU8, 4m at 7.21g/t gold equivalent (7.04g/t gold and 10.8g/t silver), from a depth of 26m. The deposit is unclosed by drilling in almost all directions and presents substantial upside to contribute significantly to the 1.0Moz target at Rannes.



The results from the adjacent prospect, Cracklin are expected before the end of the month. Importantly, gold grades and gold:silver ratios are substantially higher at Homestead and Kauffmans; and Solomon Gold management believe that there is significant potential for extensive gold rich mineralisation at all the Rannes Prospects.



The Company and its resource and reserves consultants are currently assessing revised resources for Crunchie, with additional resources at Homestead and Kauffmans.



The Homestead and Kauffmans Prospects are part of a cluster of gold-silver prospects, that are within 5km of Crunchie, and offer the opportunity to consolidate the group of prospects into an economic project with a central processing plant." he added.



The Rannes Project currently comprises three areas of interest; Central Rannes, Police Camp Creek/Brother and Cooper (see Figure 1 in the Appendix to this announcement in the 'Latest News' section on the website, www.solomongold.com). The current drilling program is designed to increase the resources of gold and silver by close spaced drilling around areas of previous good drilling results. The strategy is to increase the total open-pit resources to about one million ounces of gold equivalent (The gold equivalent is based on a gold to silver ratio of 1 to 64, utilising the average gold and silver price for 2010 year to date.) in the next three-months.



The more accessible prospects, following unseasonal rain, at Homestead, Kauffmans, and Cracklin, part of Rannes Central, have recently been drilled and the assay results from the drilling at Homestead and Kauffmans have been received. The results from adjacent prospect, Cracklin are expected before the end of the month. The drill rig is currently at Crunchie engaged in extending the 200,000oz gold equivalent Inferred Resource. Drilling at the Brother prospect is scheduled to start by month-end, with assay results due mid to late November. A further drilling campaign will then commence at Homestead and Kauffmans following a review of the assay results received.



Figure 1 and 2 in the Appendix to this announcement in the 'Latest News' section on the website, www.solomongold.com shows a plan and section of the results of the Homestead drilling. Table 1 in the Appendix shows the assay results from the Homestead drilling. The best results were from drill hole HOM43, 30m at 2.83g/t gold equivalent (2.4g/t gold and 33g/t silver), including 14m at 5.17g/t gold equivalent (4.5g/t gold and 54g/t silver).



Figure 3 and 4 in the Appendix to this announcement in the 'Latest News' section on the website, www.solomongold.com shows a plan and section of the results of the Kauffmans drilling. Table 2 in the Appendix shows the assay results from the Kauffmans drilling. Excellent results have come from the Kauffmans zone with intersections to 86m at 1.50g/t gold and 15.1g/t silver in KAU13, and 40m at 1.69g/t gold and 25g/t silver in KAU6. The best results were from drill hole KAU8, 4m at 7.21g/t gold equivalent (7.04g/t gold and 10.8g/t silver). The Kauffmans results are particularly encouraging in that there are several shoots that can be incorporated into a single open pit. At this time the deposit is unclosed by drilling in all directions. Additionally the results at Homestead and Kauffmans signify significant depth potential for higher gold grades and gold:silver ratios.



The presence of anomalous molybdenum in several intersections suggests a deeper porphyry style source for the gold mineralisation.



The Homestead and Kauffmans drilling pattern for this campaign was varied from the previous north south pattern to north-westerly. This change was designed to prove the south-easterly dip to the main body of mineralisation, and has confirmed that the majority of intersections are close to true widths. Hole HOM11 (see Table 1 in the Appendix) passed underneath the base of the deposit.



The Homestead and adjacent Kauffmans Prospects are part of a cluster of gold-silver prospects that are within 5km of Crunchie, and offer the opportunity to consolidate the group of prospects into an economic project with a proposed central processing plant. They also offer the opportunity to augment the resources at Rannes with mineralogically similar and shallow depth ore. The prospects lie along similarly oriented structures dipping through dirty limestones, shales and tuffs at approximately 45 degrees to the southeast. The Shilo prospect lies about 800m southeast of Kauffmans and appears to be very similar, but has yet to be tested by first pass drilling. Shilo is a priority target in the current program.



Solomon Gold independent consultants are currently modelling results to determine resource calculations for Crunchie, Homestead and Kauffmans. Cracklin results will be assessed when received. Additional resources are to be outlined at Cracklin, Brother, and the deeper extensions of Crunchie.



The Company has recently defined the Kockatunga silver prospect, 8km north-north-east of Crunchie. Kockatunga is interpreted to represent a surface silver rich expression of an extension to the Rannes Central Group of prospects, extending the prospective zone from Police Camp Creek, 25km along the eastern margin of the Bowen Basin in a Carlin style mineral environment.



Fauro Update

At the Company's Fauro Project in the Solomon Islands, work continues with rock chip sampling and mapping ongoing. The next set of results is expected to be available in the next few weeks. Sampling and mapping will also commence shortly on the Northern Fauro prospects, previously identified from high bulk stream sediment samples taken in the area. Analysis of the results from the Ballyorlo Prospect have identified an area 600m by 300m of plus 0.1g/t gold soil samples between two magnetic highs, one 400m by 500m and the other 700m by 300m. The magnetic anomalies are interpreted to represent porphyry systems from which surface molybdenum anomalies have been sourced. The zone of gold anomalism is interpreted as lying in the upper levels of a mineralised system above the porphyries.



The Company is currently sourcing a drilling contractor to complete a 9,900m diamond drilling campaign, commencing before the end of the year. As well as further modelling of the magnetic data to establish the dimensions, and particularly depth of the anomalies with three-dimensional modelling, an IP survey (Induced polarisation: a geophysical technique capable of directly detecting scattered primary sulphide mineralisation) is also planned over selected targets on the Fauro Island.



Qualified Person

Information in this report relating to the exploration results is based on data reviewed by Mr Nicholas Mather (B.Sc. Hons Geol.), the Chief Executive Officer of the Company. Mr Mather is a Fellow of the Australasian Institute of Mining and Metallurgy who has in excess of 25 years experience in mineral exploration and is a Qualified Person under the AIM Rules. Mr Mather consents to the inclusion of the information in the form and context in which it appears.

as i said yesterday, a real yoyo share ..... it was up to 47 yesterday and now back down to 35 ..... buy at your peril; avoid if you have any sense

took my profit and ran sometime ago.,.

I found this audio interview with Malcolm Norris, CEO & MD at Solomon Gold.

Its worth a listenhttp://www.brrmedia.co.uk/event/98252/malcolm-norris-ceo--md

.

Like the interview though!

.

it's another Dodgy Dave share

.

aka total crap cardboard company

.

News of more finds, sp on the move up no one watching? Will see how it goes tomorrow.,.

Shares in sector minnow SolGold (LON:SOLG) were up more than 65% after it announced encouraging results from Cascabel gold-copper project in Ecuador.

The company said recent stream sediment, rockchip, and channel sampling, together with geological mapping, has identified three areas of outcropping porphyry gold-copper mineralisation. Two main areas have been identified at Quebrada Moran and Quebrada Alpala. These areas are 1.5 kilometres apart and are interpreted to represent portions of a single large porphyry gold-copper system.

Elsewhere the big winners in the mining sector were the those with exposure to the platinum mines near Rustenburg in South Africa's North West Province.

Shares in Aquarius Platinum (LON:AQP) were up more than 10% and Lonmin (LON:LMI) nearly 5% after South African police, supported by military personnel, launch a crack-down on strikers and protestors at the weekend.

As a result Aquarius resumed mining operations at the Kroondal platinum mine. The company temporarily suspended mining operations on Friday (14 September) to ensure the safety and security of employees and assets given the rising tensions and protests within the regional workforce and communities.

The company commended the South African government and police services for their intervention and support.

Faring less well was Thor Mining (LON:THR) which fell by nearly a quarter despite announcing an 'encouraging' extension at its Spring Hill gold project in Australia.

Commenting, Mr Mick Billing, Executive Chairman of Thor Mining, said, SThis is an encouraging extension to the known mineralisation at Spring Hill. While we do not have all the assays from the program and therefore cannot speculate on any possible resource extensions, it is encouraging to confirm the extensions to the mineralised system.⬝

The company also indicated that its expenditure at Spring Hill has exceeded the amount required for it to exercise its option to increase its equity to 51%, and notice has been provided to joint venture partner Western Desert Resources which has commenced a verification review of that expenditure.

At 3:58pm:
(LON:AMI) American Investment Trust share price was -9.25p at 304p
(LON:AQP) Aquarius Platinum share price was +4.95p at 53.75p
(LON:BEM) share price was -0.5p at 8.5p
(LON:BKY) share price was 0p at 24.5p
(LON:CEY) Centamin Egypt Ld share price was -1.22p at 88.48p
(LON:CHL) share price was -0.13p at 10.5p
(LON:CZA) share price was -0.25p at 18.5p
(LON:FDI) Firestone Diamonds share price was -0.25p at 4.38p
(LON:FRES) share price was -27p at 1843p
(LON:GEMD) share price was -0.55p at 196.45p
(LON:HOC) share price was -3.5p at 487.2p
(LON:KMR) Kenmare Resources share price was +0.79p at 43.64p
(LON:LMI) Lonmin share price was +36.25p at 650.75p
(LON:SOLG) share price was +2.63p at 7p
(LON:THR) share price was -0.27p at 1.08p
(LON:VED) Vedanta Resources share price was -1p at 1089p

Listen to Nicholas Mather, Executive Director, SolGold.Webcast

LISTEN: Solgold - Drilling Expected at Cascabel in September

CLICK HERE TO LISTEN

Starting to motor now, along with some other gold shares.( I don't hold these )

"Bullish potential is beginning to emerge for gold," reckons a technical gold trading note from London market-maker Barclays in London.

Solgold - Mineralisation Intersected at Cascabel Project


Click the link to listen

Assay results out today shares rocket

And probably back to 15p again from were the technical indicators were sitting today at the bottom of the range.

very high levels of copper in fact level so high having to re grade using more basic equipment as over 1% - I would not want to be out of solg this weekend - 15p + soon imo with more news imminent - yesterdays rns was not even the best hole :-0

British B's updated this to a Strong BUY! signal today so more gains are on the way next week !!!

WATCH: SolGold (SOLG) - Company update Video

CLICH HERE TO WATCH

The Shares Magazine 'Mining and Resources Investor Evenings' have now become firmly established in investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers a unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

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SHARES MAGAZINE MINING AND RESOURCE INVESTOR EVENINGS - LONDON - WEDNESDAY 4th DECEMBER 2013



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Registration: 6.00pm Presentations: 6.30pm followed by a drinks/canapés reception


Companies Presenting: Herencia Resources (AIM:HER), Mariana Resources (AIM:MARL), Minco (AIM:MIO) and Xtract Resources (AIM:XTR)

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Registration: 6.00pm Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting: Ariana Resources (AIM:AAU), Ferrex (AIM:FRX), Horizonte Minerals (AIM:HZM) and Solgold (AIM:SOLG)

REGISTER NOW FOR LONDON EVENT ON 5th DECEMBER 2013

Up today on good drilling results with more to come. 13% up Drilling to recommence end of Jan. might be worth a punt??

Strong Porphyry Copper Gold Assays

Over 845 Metres in Hole 5 at

Alpala Prospect, Cascabel Project



The Board of SolGold (AIM code: SOLG) is pleased to report that drill hole CSD-13-005 at the Alpala prospect within the Cascabel Project at the Company's copper-gold porphyry exploration project in northern Ecuador (refer Figure 1), has returned strong porphyry copper gold results over 845 metres of the hole to date. The results indicate discovery of a large high grade copper gold porphyry system.



Highlights:



Ø Large scale, high grade porphyry system discovered.

Ø Drill hole CSD-13-005 was temporarily suspended on 20th of December 2013 at 869.68m in strong copper and gold mineralisation open at depth pending delivery of additional drilling equipment.

Ø Final assay results from sample batches 1 and 2 of drill hole CSD-13-005 have returned the following copper-gold intersections:



· 845.68m @ 0.39% Cu & 0.24 g/t Au (from 24m to end of hole).

· Higher grade intervals including:

· 154m @ 0.43% Cu, 0.25 g/t Au (from 244m to 398m);

· 211.68m @ 0.69% Cu, 0.51 g/t Au (from 658m to end of hole);

· Last 91.68m returned 0.90% Cu, 0.79 g/t Au (from 778m to end of hole).

Ø Copper and gold grades increasing with depth.

Ø Strong correlation between magnetite, magnetic response and copper mineralisation in CSD-13-005 confirms significance of 4km2 Alpala magnetic complex.

Ø Drill hole CSD-13-005 expected to resume drilling during the last week of January with targeted depth of 1500 metres.

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:

http://www.rns-pdf.londonstockexchange.com/rns/5957X_-2014-1-14.pdf

SolGold CEO and Managing Director, Mr Alan Martin said: "The results from Hole 5 are the most exciting results from our Stage 1 drill program which commenced in early September last year. The presence of 5-10% magnetite in altered porphyry with strong copper and gold mineralisation indicates that over 4km2 of high order magnetic signatures at Alpala are high grade copper gold porphyry targets. The 1 billion tonne target we originally set fits easily into this system.

LISTEN: Alan Martin, CEO of Solgold, provides an update on the Cascabel Project in Ecuador

Click here to listen

this is dead just like king solomon

LISTEN: SolGold (SOLG) - Cascabel Project update

Click here to listen

If and when SOLG closes above 22.25p then its more or less a straight line up to the old 50p resistance level!

Listen: SolGold (SOLG) - Cascabel exploration update

Click here

Listen here: Audio interview with Solgold - Kuma exploration update, Solomon Islands

click here

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Directors present their latest plans regarding development and growth
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Date:

Tuesday 2nd December 2014

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Novotel Tower Bridge, 10 Pepys Street, London  EC3N 2NR

Evening timings:

18:00 - 18:30 Registration and coffee

18:30 - 20:30 Presentations

20:30 - 21:30  Drinks reception and canapés

 

Attendance is free, but spaces are limited. Register now to secure your place!

 

CALEDONIA MINING CORPORATION (AIM: CMCL)

 

Caledonia is an exploration, development and mining company focused on Southern Africa. Caledonia's primary asset is a 49% interest in the Blanket Mine in Zimbabwe which produced over 45,500 ounces of gold in 2013 at a cash cost of US$613/oz.Caledonia has a strong, experienced management team and Board of Directors with diverse expertise in gold production, exploration, mine development, finance and marketing.

Speaker: Mark Learmouth, VP Corporate Development & Investor Relations

MARIANA RESOURCES (AIM: MARL)

 

Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects. Mariana’s portfolio covers some prospective districts in Peru and Santa Cruz Province, Argentina. In Peru, the Company is exploring for porphyry-hosted gold/copper at the Condor del Oro property under an option deal. In Santa Cruz, key epithermal gold-silver projects, all 100% owned, are Las Calandrias (resource stage), Sierra Blanca (numerous drill intercepts), Los Cisnes (drill target definition) and Bozal (drill target definition).

Speaker: Glen Parsons, Chief Executive Officer

PREMIER AFRICAN MINERALS (AIM: PREM)

Premier African Minerals Limited was established to acquire and develop mineral properties across Africa, especially in West and Southern Africa and to deliver regional economic development through our investments and work to unlock multi transaction earning potential for our investors, shareholders and stakeholders. The Company works across a wide range of commodities, including tungsten, lithium and tantalum, and rare earth elements.

Speaker: George Roach, Chief Executive Officer & Executive Chairman

SOLGOLD (AIM:SOLG)

SolGold is headed up by experienced and committed mining industry professionals with demonstrable track records of mineral discovery and providing valuable shareholder return. SolGold is Brisbane based and carries a diverse portfolio of exploration projects in Ecuador, Solomon Islands and Australia. SolGold's projects include, Ecuador, Cascabel in Joint Venture with Cornerstone Capital Resources, Guadalcanal and Fauro (Solomon Islands) and Rannes and Mt Perry (Queensland, Australia).

 

Speaker: Alan Martin, Managing Director



 

Event Sponsor:



DRESS CODE: Business attire 

 

Listen: SolGold - Cascabel Exploration Update - Hole 10

click here

SolGold - Hole CSD-15-011 to commence at Cascabel

click here

StockMarketWire.com
SolGold said Hole 16 at Cascabel continues to intersect intense copper and gold mineralisation to a current depth of 1217m.

HIGHLIGHTS:
* Over 650 metres of mineralisation encountered thus far.

* Hole 16 Assay Received from 516m to 764m: 216m @ 0.94 % Copper and 1.26g/t Gold from 548m (open at depth), including: 60m @ 2.01 % Copper and 3.41g/t Gold from 704m (open at depth).

* Intense multidirectional quartz-magnetite-copper sulphide veining in drill core.

* Increasing intensity of bornite (a copper sulphide mineral containing 63% copper) down hole and to the south east.

SOLG to go bust if no new money, if more ords @ 6p it will pay off present loan , then leave a bit for production. BB S/P 4.5p

from earlier....... 16 Jun '17 - 12:59
KEEP an EYE

38.25p ( 38/38.50p )

Has been on the way down for some time waiting for raising capital, today news of a placing @ 41p. Now that is done and at a higher price than the market price. Share price should look forward to the UPTREND on the chart

SolGold raises $41.23m via share placing

SolGold has announced that the Company has raised $41.23m via the placing of 78,889,080 new ordinary shares at 41p each.

The total includes a placement of $40m to Newcrest International, a subsidiary of Newcrest Mining, an existing 10% shareholder of SolGold. The new investment is estimated to take their shareholding position in SolGold to 14.54%.

In addition, $1.23m has been placed with Ecuadorian investors further endorsing the Cascabel Project and SolGold's pan-Ecuadorian copper-gold porphyry exploration strategy.

As part of securing this placement, SolGold has agreed to a revision to the subscription agreement with Newcrest Mining to include an anti-dilutionary right to participate in any new equity raisings for 12 months at a level of 14.54%. After this 12 month term, the terms of the original subscription agreement with Newcrest dated 30 August 2016 continue, providing Newcrest with anti-dilutionary rights at a 10% level until 30 August 2019.

The agreement also provides that Newcrest agrees to support certain transactions including change of control transactions in SolGold which are recommended by the Board, supported by an independent evaluation, and by not less than 60% of the Company in acceptances or at a General Meeting of shareholders.

The Company said the funds raised will be used for the continued exploration of the Cascabel Project, general working capital and SolGold's pan Ecuadorean exploration strategy.

Commenting on the agreement, SolGold's CEO Mr Nick Mather said:

"The arrangement with Newcrest, particularly in the area of technical liaison over the past 6 months since their original investment into SolGold, has been pleasingly smooth and the SolGold Board and management are encouraged by this further endorsement of the technical merits & management's commitment to the Cascabel project, SolGold's exploration strategy across Ecuador and SolGold's interests generally.

At 1:01pm: (LON:SOLG) SolGold PLC share price was +2.88p at 38.38p

SolGold Boosts Budget to Explore for Copper, Gold All Over Ecuador
By REUTERS JUNE 16, 2017, 1:03 pm.

LONDON — Copper and gold explorer SolGold on Friday said it was raising $41.2 million (32.25 million pounds), on top of more than $30 million announced in October, as it widens its search for resources in Ecuador after already finding one world class asset.
Https://www.nytimes.com/reuters/2017/06/16/business/16reuters-solgold-newcrest.html?_r=0

Ecuador has been increasing its profile as a country open to foreign mining and has shifted its resource focus from oil and gas as its reserves dwindle and oil prices stagnate, analysts say.

The world's biggest miner BHP rated SolGold's mineral exploration prospects sufficiently highly to seek a deal but SolGold rebuffed it in favour of an agreement with Australian gold miner Newcrest Mining.

According to a share placement announced on Friday, Newcrest will pay a further $40 million to increase the size of its stake to 14.54 percent as part of a placing to raise a total of $41.2 million.

That adds to last October's agreement that Newcrest would spend $22.86 million buying new shares equivalent to 10 percent of SolGold, while private investment firm Maxit got 4.43 percent of the company for $10.1 million.

CEO Nick Mather said the new placement at a 15.5 percent premium to Thursday's closing price and a discount to SolGold's peak share price of 46.75 pence in May this year was a vote of confidence.

Mather said Ecuador was underexplored, especially compared with Chile, the world's biggest copper producer, where miners have been complaining about dwindling ore quality and rising costs.

.Abundant reserves of gold found in association with copper add to the appeal of mining in a more northerly country.

"The great thing about the North Andean copper belt is it gets increasingly gold-rich," Mather said.

"The copper miners will say the gold will pay for the cost of producing copper and the gold miners will look at it vice versa."

SolGold's flagship project in Ecuador is named Cascabel and exploration so far implies it is a major new high-grade copper and gold find to rival some of the largest existing mines, such as Grasberg in Indonesia, controlled by Freeport McMoran Inc, and Oyu Tolgoi in Mongolia, controlled by Rio Tinto.

With a market capitalisation of more than 500 million pounds ($639 million) on AIM, London's market for growing companies, SolGold is seeking to move to a standard listing on the London Stock Exchange.

Daily Mail gets in on the action...this is big news. Investors will be digesting the impact over the weekend. Next week could see a sharp rise in the sp? imo
SolGold Boosts Budget to Explore for Copper, Gold All Over Ecuador

39.875p +0.75p
bounce continues today as there was a large buyer on the order book @ 40p

order book now is weak, so able to place orders at 39.75p and get it.

39.625p +1.75p

On knowing of un update, the MMs yesterday marked down the stock to get it into their books ahead of the update today ( crooks at work is how many will described it)..........


Cascabel Exploration Update
Ground Magnetics Survey Results and Future Survey Plans

The Board of SolGold (AIM code: SOLG) is pleased to provide an update on the results of the recently completed ground magnetics survey and plans for future geophysics work at Cascabel, the Company's copper-gold porphyry project in Ecuador.

HIGHLIGHTS:
Ø Ground magnetic survey results over Cascabel tenement reveal exciting targets.

Ø Exceptionally high-quality product produced from 650km of total field data acquired at line spacing of 50m.

Ø The ground magnetic data have been processed using several different filtering tools to enhance gradients over a range of wavelengths / depths and improve the detection of structures (e.g., faults and fracture zones) and intrusions.

Ø Ongoing 3D modelling of the magnetic data will enable the direct detection and delineation of magnetite distribution. Initial results are expected soon.

Ø The planned Spartan-Orion hybrid induced polarisation survey will enable the direct detection and modelling of sulphides in 3D to in excess of 3km. This survey can be combined with existing drill-hole logs to construct improved 3D constrained geographical models.

Ø The increased sensitivity of the Spartan-Orion hybrid survey will allow for the production of improved structural and geological rock-type and mineralisation maps.

40.25p +3p

SolGold plc - Cascabel Exploration Update
Drill Hole 23R Assays Results Reveal - Strong High Grade Zone at Alpala

The Board of SolGold (AIM code: SOLG) is pleased to provide an update on the assay results from Hole 23R at Cascabel, the Company's copper-gold porphyry project in Ecuador.

HIGHLIGHTS:

Ø Hole 23R (Rig 1) assay results:
- 1030m @ 1.16 % copper equivalent (0.59 % Cu, 0.90 g/t Au) from 490m;
- 770m @ 1.44 % copper equivalent (0.71 % Cu, 1.16 g/t Au) from 540m;
- 474m @ 1.88 % copper equivalent (0.89 % Cu, 1.57 g/t Au) from 830m;
- 216m @ 3.08 % copper equivalent (1.29 % Cu, 2.84 g/t Au) from 970m.

Ø Hole 23R intersections noted as one of the most outstanding drilling results in copper and gold exploration history (Ref Table 1: Cautionary Notice), totalling 1195 metre-percent copper equivalent.

Ø Mineralisation occurs in a strongly veined quartz diorite intrusive phase, believed to represent the causative mineralised porphyry at Alpala.

Ø Strong mineralised veining cuts the drill core axis at a high angle (Figure 2) indicating strong potential for lateral extensions.

Ø Current drill holes 23R-D1 (Rig 1), 24-D1 (Rig 3), 26 (Rig 4), and 27 (Rig 2) are in progress with all holes intersecting increasingly mineralised diorite porphyry.

Ø Hole 23R-D1 is testing the mineralisation in Hole 23R (this report) to the north-east, and at depth.

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:

http://www.rns-pdf.londonstockexchange.com/rns/5377J_-2017-6-29.pdf

Commenting on the results, SolGold CEO Nicholas Mather said:
"The results from Hole 23R, the veining at a high angle to the core axis, and the results from Hole 20R to the north strongly suggest extension to Alpala to the north-east. We believe that the core exhibits some strong similarities to the high grade zones at Oyu Tolgoi.

The Alpala high grade zone is getting both richer and larger, and presents increasingly realistic potential opportunities for relatively early and low capital cost, high grade underground mining development."