Ecuador-focused explorer SolGold has identified a potential new porphyry copper/gold/molybdenum system in its 100%-owned Sharug concession, the company announced on Thursday.
The new prospect, called Santa Martha, was identified after teams explored south of the recently discovered Quillosis prospect in the northern part of the Sharug 2 concession. That prospect has grades of up to 39.6 g/t in rock chips.