SolGold's copper grades increase at Cascabel project

16th Oct 2013 10:47

- Copper grades rise at Cascabel project- Assay results for next drill hole in two weeksSolGold's shares rose after announcing an increase in copper grades at the Cascabel project in northern Ecuador.Final assay results for copper-gold mineralisation in drill hole CSD-13-001 revealed a 14.7% rise in the copper grade across a 302 metre interval and a 30% increase within a 100 metre high-grade zone.The miner intersected 0.39% copper and 0.48 grams per tonne (g/t) gold from 16 metres in the 302 metre interval and 0.65% copper and 1.0 g/t gold from 222 metres in the 100 metre zone.Assay results for the first 200 meters of drill hole CSD-13-002 are expected within two weeks.The Cascabel project is located in northwestern Ecuador in an under-explored northern section of the richly endowed Andean Copper Belt. Shares rose 2.62% to 8.80p at 11:02 on Wednesday. RD