Progress on investment Australian miner SolGold has announced an update on the company’s Blanca-Nieves project in Ecuador. SolGold holds a 100 percent stake in the project through its Ecuadorian offshoot, Carnegie Ridge Resources S.A.
“Exploration identified a significant porphyry target at El Cielto Norte covering approximately 2.5 x 2.5 km and is greater in extent than the Alpala system to the south at the Cascabel Project,” SolGold said in a statement.
"Our team is excited about the overall prospect of the Blanca-Nieves Project, including the potential for future integration with the Cascabel Project. The district scale opportunity reinforces our view that mining has the potential to be a significant, multi-generational sector in Ecuador,” commented Santiago Vaca, the chief geologist of the Australian miner.