SolGold makes progress in Ecuador

Aim-listed SolGold yesterday announced that it has continued to make strong progress in its Ecuador project during the previous quarter and that “highly encouraging” gold and copper samples were found. The company raised £1.8m through a rights issue to fund exploration and drilling is expected to commence in June. Alan Martin was appointed chief executive this month, bringing 20 years of experience in the Australian resources industry to the role. Outgoing chief executive Nicholas Mather will continue to remain as an executive director of the company to assist Martin during a transitional phase over the next 12 to 24 months.