The Board of SolGold reported that drill hole CSD-13-005 at the Alpala prospect within the Cascabel Project at the company's copper-gold porphyry exploration project in northern Ecuador, has returned strong porphyry copper gold results over 845 metres of the hole to date. The results indicate discovery of a large high grade copper gold porphyry system. CSD-13-005 was sited to test beneath holes 1 and 2, which intersected long runs of copper and gold mineralisation associated with porphyry copper gold quartz stock-work and sheeted veins.

Copper and gold intersections for drill hole CSD-13-005 to a depth of 869.68 metres are summarised. Two main intersections have been encountered in drill hole CSD-13-005 to date, a shallow intersection of 396 metres grading 0.32% Cu and 0.17 g/t Au (from 24 metres depth). A deeper intersection of 433 metres grading 0.47% Cu and 0.31g/t Au (from 436 metres depth).

A bulked intersection in drill hole CSD-13-005 comprises an 845.68 metres interval grading 0.39% Cu and 0.24 g/t Au (from 24 metres depth). The extensive mineralisation within the hole (845.68 metres grading 0.39% copper and 0.24 g/t gold) is particularly encouraging especially given the strong correlation with magnetite from 680 metres downhole. CSD-13-005 is expected to recommence drilling in the last week of January. Additional rods are being delivered to the drill site to facilitate testing to 1500 metres depth.