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Solomon Gold Drilling Commenced At Mbetilonga

04/30/2012 | 07:13am US/Eastern
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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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Latest news on SOLGOLD PLC
07/18 CORNERSTONE CAPITAL RESOURCES : Drilling Results
07/16 SOLGOLD : Confirms High Grade Copper and Gold Region At Cascabel
07/15 SOLGOLD : Issue of Equity
06/13 SOLGOLD : Finds Region Of Copper Mineralisation At Cascabel
05/20 SOLGOLD : Says Extensive Halo Mineralisation Found In Hole 6 At Alpala
05/20 SOLGOLD : Provides Cascabel Exploration Update In Ecuador
05/13 SOLGOLD : Announces Kuma Exploration Update In Solomon Islands
05/13 SOLGOLD : Plans GBP150,000 Exploration Programme At Kuma
05/06 CORNERSTONE CAPITAL RESOURCES : Cascabel Exploration Update
03/26 CORNERSTONE CAPITAL RESOURCES : Cascabel Project Update
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