SolGold (LSE & TSX: SOLG) is pleased to provide an update on the exploration of two
targets within the Blanca-Nieves Project ("Project") held by the Company's Ecuadorian
subsidiary, Carnegie Ridge Resources S.A.
Recent exploration at the La Florida target, located approximately 3km 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
exposed "boiling zone." Assay results from rock samples have delivered remarkable
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 15m wide
zone hosting epithermal quartz veins and a breccia outcrop in the intersection of NE and
NW trending geologic structures (Figure 1, 2). Grab samples from quartz veins within
the outcrop have yielded encouraging 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 highlights a potential
interconnection between these two significant areas.
Previous project work at the Cielito target concentrated on drill-testing zones with a
history of artisanal mining. The vein systems at Cielito and Quiroz areas yielded
substantial quantities of free gold from epithermal quartz veins. During the latter half of
2023, an impressive collection of 48 check rock-channel samples obtained at Cielitn 100g/t Au, and 11 returned gold grades over 200g/t Au, with the highest recording a grade of 545g/t Au.
Structural interpretation suggests a possible connection between the recently discovered La Florida epithermal vein-breccia and the Cielito vein system. Currently, our exploration
efforts are focused on collecting rock-saw channel samples from the outcrop and the initiation of trenching to locate and sample the vein extensions at La Florida.

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