SolGold PLC Announces Blanca-Nieves Project Update - Seite 2

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 realizing 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 square kilometres.

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 90km-long trend."

FURTHER INFORMATION

The Blanca Nieves Project is characterized by the presence of NE-SW and NW-SE trending Au-Ag epithermal quartz veins and comprises six main target areas across a 14km x 6km region (Figure 2).

The scout drilling completed to date has substantiated the conceptual model that the mineralised Au-Ag vein systems at the Blanca-Nieves Project consist of multiple stacked gold lodes with sub-vertical bonanza-style feeder zones. The Cielito vein system remains open beyond the initial drill testing range towards the NE and the SW.

Additionally, the presence of Au-Ag quartz veins at Chorreras, Cielito, Quiroz, Florida, Escobar, and San Patricio (Figure 2) is a testament to the significant extent of the Blanca-Nieves epithermal gold-silver system.

Foto: Accesswire

Figure 1: New discovered outcrop of epithermal quartz veins and breccia in La Florida target.

Foto: Accesswire

Figure 2: Blanca-Nieves Project target areas at Chorreras, Cielito, Quiroz, Florida, Escobar, and San Patricio, showing locations and dominant structural trends of outcropping epithermal quartz veining at surface across the Blanca-Nieves Project area.