SolGold discovers silver and gold at Ecuador project

Recent exploration at the La Florida target, located approximately 3 km northeast of the Cielito target, has led to the discovery of high-grade epithermal quartz vein floats. These veins exhibit visible gold within quartz intermingled with bladed calcite, indicating an ex-posed “boiling zone.” Assay results from rock samples have delivered values of up to 276 g/t Au and 141 g/t Ag, signalling the potential for another Au-Ag bonanza zone. Furthermore, subsequent work has led to the discovery of a 15 m wide zone hosting epithermal quartz veins and a breccia outcrop in the intersection of NE and NW trending geologic structures. Grab samples from quartz veins within the outcrop have yielded assay results of up to 4.15 g/t Au and 3.35 g/t Ag. The close proximity of the La Florida target to the Cielito target high-lights a potential interconnection between these two significant areas.

The Blanca-Nieves Project is strategically positioned approximately 8 km north of the company’s Cascabel Project in northern Ecuador, which features the large Alpala and the Tandayama-America porphyry copper-gold deposits. These Projects are situated on the Northern Andean Copper-Gold Belt.

SolGold is making steady progress toward preparing the new target areas at La Florida for drilling, in alignment with a strategy centred around potential epithermal vein targets. This development aligns with plans to drill for extensions of the veins at Cielito and Quiroz, extending beyond the range of previous historic artisanal mining. Furthermore, SolGold aims to expand the size of the discovery at La Florida, underscoring the company’s commitment to fully realising the Blanca-Nieves Project's potential.

SolGold Founder and Non-Executive Director, Mr. Nick Mather commented on the Blanca-Nieves Project, stating: "I am enthusiastic about the new discovery at La Florida and the potential connection to Cielito. In the coming months, our exploration team will work diligently to define the extensions of the gold-silver quartz structure. Recent outcrop rock chip sampling has unveiled widespread surface gold and soil geochemical gold and silver, further confirming the Project’s extensive epithermal gold and silver precious metal field, covering an area exceeding 80 km².

The Northern Ecuador Cordillera Occidental trend has already yielded world-class discoveries at SolGold's Cascabel Project and Codelco/Enami's Llurimagua Project. The company holds prospective ground along select segments of this 90 km-long trend."

Read the article online at: https://www.globalminingreview.com/mining/05122023/solgold-discovers-silver-and-gold-at-ecuador-project/