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PROSPECTING LICENSES APPLIED FOR IN THE SOLOMON ISLANDS

SOLOMON ISLANDS

The Kuma and Mbetilonga tenements in the Solomon Islands (South West Pacific) are considered by SolGold to be highly prospective for porphyry copper-gold and epithermal gold deposits.

SolGold has applied for two prospecting licences in the Solomon Islands – both on the island of Guadalcanal:

Mbetilonga prospecting licence (Mbetilonga Application)

Kuma prospecting licence (Kuma Application)

KUMA PROJECT

The Kuma Application covers an area of approximately 50km2 and is located 37km south-east Honiara. The Kuma prospect on the island of Guadalcanal exhibits surface lithocap characteristics which are traditionally indicative of a large metal rich copper-gold intrusive porphyry system.

GEOLOGY & MINERALIZATION

The Kuma project lies just to the southwest of a series of major NW-SE-trending arc-parallel faults. These faults are associated with numerous Cu and Au anomalies, including the Sutakiki prospect and the Mbetilonga prospect (formerly part of the Guadalcanal Joint Venture).

The project area overlies a 3.5‐kilometre wide, annular, caldera‐like topographic feature. Annular and nested topographic anomalies in the region suggest the presence of extensive batholiths of the Koloula Diorite beneath the volcanic cover of the Suta Volcanics. The prospect geology is dominated by a 4km by 1km lithocap. This extensive zone of argillic and advanced argillic alteration is caused by hydrothermal fluids that emanate from the top of porphyry copper-gold mineralising systems, and thus provides a buried porphyry copper gold target.

The geochemically anomalous portion of the Kuma lithocap (northwest end) lies within the annular topographic anomaly.  Kuma has a spectacular oxidized float boulder trail along the Kuma River and was traced to Alemba and Kolovelo creeks which lead to discovery of broad hydrothermal alteration zones and lithocap.

PROJECT OVERVIEW

Location 37km south-east of the capital Honiara, Solomon Islands

Tenement area 43km²

Ownership 100%

Primary targets Copper gold porphyry deposits

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