The Board of SolGold provided an update from the company's Cascabel Project in Northern Ecuador, where drilling is currently focussed on targeting high grade extensions to the Alpala resource. SolGold currently has 12 rigs that are progressing holes: 29-D4, 32-D3, 33-D1, 34-D1, 36, 37, 38-D1, 39, 40, 41, 42 and 43. Hole 33 assay results from ALS in Lima, Peru, confirm significant mineralisation along the up-dip, western side of the deposit, returning: 824m @ 0.80% CuEq (0.54% Cu, 0.42 g/t Au), including, 576m @ 0.93% CuEq (0.61% Cu, 0.51 g/t Au), and 206m@ 1.32% CuEq (0.75% Cu, 0.92 g/t Au). Hole 33-D1 has drilled across the orebody from northeast to southwest, intersecting intensely mineralised diorite porphyry from 1042m to 1161m and is continuing onwards to test for extensions to the west of a late-mineralisation "D20" diorite dyke. Assay results are pending. Hole 36 has intersected an intensely mineralised diorite intrusion and is expected to extend the Mineral Resource down dip and to the northeast. Hole 41, drilled from the northeast side of the deposit and collared near the Parambas anomaly, has intersected very shallow epithermal (low temperature) mineralised vein sets between 60m and 100m depth. Additional porphyry style mineralisation is interpreted at depth, on the northeast flank of the Alpala Deposit. Nine other holes (29-D4, 32-D3, 34-D1, 37, 38-D1, 39, 40, 41, 42 and 43) have yet to reach target depth. Aguinaga: The Aguinaga target is anticipated to be drilled using a man portable rig during the March quarter. A series of three holes will test key elements of geochemical and geophysical anomalies: Northeasterly- and northwesterly-oriented zones of strong molybdenum anomalism, coincident high Cu/Zn, Mo, Cu, and Au in soil geochemical highs, a deep root in the magnetic model, Coincident high chargeability and magnetic features, interpreted to be a magnetic, chalcopyrite-rich potassic core to a porphyry system, Vertically extensive cylindrical features in the chargeability and resistivity surveys.