High-Potential Porphyry Cu-Au-Mo Target Identified

BISHOPSGATE, UK / ACCESSWIRE / December 8, 2023 / SolGold (LSE:SOLG)(TSX:SOLG) is pleased to provide an update on its exploration activities at the Espejo Project ("Project"), part of the SolGold-ENAMI strategic exploration alliance ("SEA") in Northern Ecuador. The Espejo Project, situated approximately 20km northeast of the Company's Cascabel Project, has identified a promising porphyry Cu-Au-Mo target.

The Espejo Project, positioned within the Northern Andean Copper-Gold Belt, is located along the Toachi Fault. This fault is a deep-seated, arc-parallel tectonic structure bisecting the length of the Northern Ecuador Cordillera Occidental ("NECO") trend. The Project is in close proximity to the Company's Alpala and Tandayama-America porphyry copper-gold deposits. This region is renowned for hosting various major exploration projects and notable porphyry deposits such as SolGold's Cascabel (2.66Bt @ 0.37% Cu, 0.25 g/t Au) and Llurimagua (1.55Bt @ 0.51% Cu, 10 ppm Mo) (Figure 1).

SolGold's geological team, supported by expert advisors, believes the under-explored Toachi Fault zone in the NECO trend is a highly prospective area for the discovery of significant Cu, Cu-Au, and Cu-Mo porphyry deposits, alongside high-grade epithermal Ag and Au-Ag deposits.

Recent Developments at the Espejo Project

The Espejo Project now includes a newly identified porphyry Cu target at Anomaly 4, in addition to Anomalies 1, 2, and 3, initi ... see & read more onhttps://www.accesswire.com/814788/solgoldplcannouncesespejoprojectupdate