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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  SolGold plc    SOLG   GB00B0WD0R35

Delayed Quote. Delayed  - 09/27 05:29:59 pm
18.125 GBp   +16.00%
09/26 SOLGOLD : Receipt of Superior Investment Proposal
09/26 SOLGOLD : Agrees To Share Issue Terms With Newcrest And Maxit (ALLIS..
09/22 SOLGOLD : Receipt of Superior Investment Proposal
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Solomon Gold Drilling Commenced At Mbetilonga

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04/30/2012 | 01:13pm CEST

Solomon Gold PLC (>> Solomon Gold plc), said Monday that Newmont has advised that MBT008, the first diamond drill hole for 2012, at the Hambusimaloso Prospect, is now at a depth of 400 meters, and subject to geological evaluation, is expected to be drilled to 700 meters.

MAIN FACTS:

-The drill hole is targeting highly copper anomalous results from trenching, including 80 meters at 1.76% copper, and 30 meters at 0.88% copper, within a coincident 600 meter diameter copper-molybdenum-bismuth soil geochemical anomalous zone. If success is delivered in hole MBT008 a second hole will be completed.

-Exploration at the Sutakiki Project is also underway.

-Guadalcanal Joint Venture or GJV is a joint venture between NVL Solomon Islands Ltd a subsidiary of Newmont Mining Corporation (NEM) and Solomon Gold PLC. Newmont is funding the exploration activities and is earning a 70% position in the GJV.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

Stocks mentioned in the article : Solomon Gold plc
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Nicholas Mather Chief Executive Officer & Executive Director
Brian Gerry Moller Non-Executive Chairman
Priyanka Sampath Jayasuriya Chief Financial Officer
Benn Whistler Manager-Technical Services
John Graham Bovard Non-Executive Director
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