Solgold (SOLG)

Sector:

Mining

26.95p
   
  • Change Today:
      0.100p
  • 52 Week High: 29.00
  • 52 Week Low: 11.22
  • Currency: UK Pounds
  • Shares Issued: 2,072.21m
  • Volume: 4,029,228
  • Market Cap: £558.46m
  • RiskGrade: 245

SolGold identifies new copper and gold target in Ecuador

By Duncan Ferris

Date: Wednesday 23 Oct 2019

LONDON (ShareCast) - (Sharecast News) - SolGold on Wednesday said it has discovered new mineralised outcrops at its wholly-owned Cisne Loja gold project in southern Ecuador.
The AIM traded company said the outcrops at the Celen prospect pointed to the existence of a large new copper gold rich polymetallic porphyry system, adding that consistently rich copper, gold, silver and molybdenum mineralisation was present at the outcrops over an area of 2km by 1km.

Of 72 rock chip samples recently taken at the prospect, 60 returned grades of greater than 0.6% copper equivalent.

The best rock chip results from recent sampling at the site include 4.32% copper, 4.51 grams per ton of gold, 20.8g/t silver, 9.99 parts per million molybdenum and 3.90% copper, 0.21g/t gold, over 100g/t silver, and 76.1ppm molybdenum.

There were strong magnetic anomalies in these mineralised zones according to SolGold, with the signatures indicating additional target areas to the west that had yet to be sampled.

The company said that, with exploration work having now identified 13 priority projects, ongoing exploration by its technical teams was focused on advancing these projects with a view to progress to drill testing as soon as possible.

SolGold shares were up 2.44% at 21.00p at 1212 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Solgold Market Data

Currency UK Pounds
Share Price 26.95p
Change Today 0.100p
% Change 0.37 %
52 Week High 29.00
52 Week Low 11.22
Volume 4,029,228
Shares Issued 2,072.21m
Market Cap £558.46m
RiskGrade 245

Solgold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.44% below the market average60.44% below the market average60.44% below the market average60.44% below the market average60.44% below the market average
27.93% below the sector average27.93% below the sector average27.93% below the sector average27.93% below the sector average27.93% below the sector average
Price Trend
97.48% above the market average97.48% above the market average97.48% above the market average97.48% above the market average97.48% above the market average
12.40% above the sector average12.40% above the sector average12.40% above the sector average12.40% above the sector average12.40% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Solgold Dividends

No dividends found

Trades for 18-Sep-2020

Time Volume / Share Price
16:35 239,964 @ 26.95p
16:29 4 @ 27.10p
16:29 1,573 @ 27.10p
16:29 1 @ 27.10p
16:29 4,000 @ 27.11p

Solgold Key Personnel

COO Alex Thin

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