Friday, 20 May 2011 8:12 AM

Solomon Gold Unveils Positive Drill Results

Gold and copper explorer Solomon Gold (SOLG) unveiled further positive results from its wholly-owned Fauro Island Project drilling programme in the Solomon Islands.

The AIM-traded company said it had encountered additional intersections for the first two holes drilled on the Meriguna Prospect, with results from the third hole pending.

FDDH001 uncovered two metres at 1.15 grams/tonne of gold from 121 metres and two metres at 1.50 g/t gold from 153 metres, while in FDDH002, Solomon encountered four metres at 3.26 g/t of gold from 123 metres and three metres at 14.86 g/t from 207 metres.

Since the drill programme kicked off towards the end of December last year, a total of 1,324 metres have been drilled, with the third hole completed on 1 May.
The company said the results from Meriguna had so far suggested that gold mineralization is extensive close to surface, but further data interpretation is called for.

Separately, Solomon Gold said its induced polarisation survey continues, having already been completed over the Ballyorlo and Meriguna prospects. Work has got underway on Kiovakase and will continue over Bataha, Ballteara and Northern Fauro prospects in the next month.