Great update just out. Are the vultures still circling? SolGold...

Great update just out. Are the vultures still circling?

SolGold plc
("SolGold" or the "Company")


Cascabel Exploration Update
Exceptional Recent Drilling Results at Alpala Reveal
a Larger, More Cohesive High Grade Core

The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on recent infill drilling at Alpala Central, at the Company's Cascabel project in Northern Ecuador.

HIGHLIGHTS:

Ø Exceptional assay results from recent infill and extension drilling at Alpala Central reveal a far more robust high-grade core than previously modelled.
Ø Hole 57 (Alpala Central Infill):
832m @ 1.41% CuEq (0.72% Cu, 1.10g/t Au), incl.
562m @ 1.72% CuEq (0.85% Cu, 1.37g/t Au), incl.
304m @ 2.52% CuEq (1.15% Cu, 2.18g/t Au), incl.
182m @ 3.46% CuEq (1.49% Cu, 3.14g/t Au)
Ø Hole 55R (Alpala Central NW Extension):
1062m @ 1.02% CuEq (0.69% Cu, 0.52g/t Au), incl.
548m @ 1.36% CuEq (0.86% Cu, 0.80g/t Au), incl.
220m @ 2.07% CuEq (1.22%Cu, 1.34g/tAu)
Ø Hole 41-D1-D2 (Alpala Central Infill): Partial assay results to 1458m.
512m @ 1.09% CuEq (0.59% Cu, 0.80g/t Au), open at depth, incl.
326m @ 1.51% CuEq (0.77% Cu, 1.18g/t Au), open at depth, incl.
128m @ 2.51% CuEq (1.11% Cu, 2.23g/t Au), open at depth.

Commenting on today's release, Mr Eduardo Valenzuela, the Company's Study Manager, said: "From a potential mining perspective, the updated proposed MRE, could provide not only a stronger resource base but also a larger and more cohesive high-grade core which could be mined at a higher production rate in the early years thus enhancing the project NPV and IRR."