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Additional Information

Market:	AIM
Sector:	Gold Mining
EPIC:	SOLG
Latest Price:	4.75 (-7.32% )
52-week High:	25.00
52-week Low:	4.25
Market Cap:	14.89M

1 year chart

1 day chart

SolGold Full SolGold profile here

Solomon Gold was listed on the London Stock Exchange (AIM code : SOLG) on 10 February 2006.

Solomon Gold is headed up by experienced and committed mining industry professionals with demonstratable track records of mineral discovery and providing valuable shareholder return. The Board of Directors include accomplished professionals with experience in exploration, mine development, investment, finance and law. The Board and Management have significant vested interests in the Company, holding approximately 17.5% of its issued share capital. The Company currently has 284,623,489 shares in issue.

Solomon Gold has Exploration tenements in Queensland, Australia and the Solomon Islands.

Solomon Gold tops LSE risers on Fauro gold project assay results

Wednesday, September 15, 2010 by Sergei Balashov

Shares in Solomon Gold (LON:SOLG) soared and at one point nearly doubled after the company announced the assay results from initial surface sampling on its 100% owned Fauro Island project in the Solomon Islands. The stock was still trading up 62% at midday.

The company said that Fauro Island has the potential to host a world class gold deposit with geological similarities to the 40 Moz (million ounce) Lihir Island gold mine, which was indicated by the first 58 of the total 215 samples taken at Fauro.

The “exciting” results indicated the potential for a large gold deposit similar in style to Lihir Island in Papua New Guinea, also highlighting the molybdenum mineralisation discovery at Ballyorlo.

The best results included 173 g/t (grammes per tonne) gold from the Meriguna prospect and 139 g/t gold from Hornbill.

Other significant results ranged from 11.4 g/t gold to 69.4 g/t gold and up to 0.2% copper in the Meriguna, Hornbill and Kiovakase prospects.

The samples have also shown that the Ballyorlo prospect yields up to 0.43% molybdenum and defined the Hornbill prospect over a 300 by 400 metre zone.

“Coincident magnetic anomalies and copper, gold and molybdenum values in porphyry style rocks with disseminated sulphide mineralisation strongly supports the presence of high tonnage porphyry copper, gold and molybdenum targets on Fauro,” said chief executive Nicholas Mather.

Further 157 results are expected shortly.

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