Impact: Positive
SolGold reported drill results at its 85%-owned Cascabel project in northern Ecuador. The results are from the first seven holes targeting the Tandayama-America (TAM) porphyry copper-gold target, located approximately 3km north of the Alpala deposit. Assays are pending for the remaining three holes, and further drilling is ongoing. This is a positive development for SolGold, as initial drilling at TAM encountered mineralization and could potentially add to the already large resource at Cascabel.