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IN BRIEF: SolGold makes progress at Cascabel copper-gold project

ALN

SolGold PLC - Ecuador-focused exploration company - Updates on developments related to the Cascabel copper-gold project. Says that the infrastructure investigation program has been optimised to include a ground geophysical assessment that will reduce the amount of drilling required. The contracted drillers are preparing to mobilize as the drill hole locations designed to test plant and portal locations are set up for drilling. These holes will also be part of a broader mine geotechnical program, which includes drilling for the declines, underground mine design and other site infrastructure. Further, selected core samples will be assayed for mineralization, providing critical data as the project progresses. This work represents a significant milestone in ensuring the infrastructure is developed to meet the highest safety and operational standards, company says.

Current stock price: 9.40 pence

12-month change: down 8.7%

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