SolGold buys stake in Ecuadorian subsidiary of Cornerstone Capital Resources

Australian mining company SolGold has acquired a 20 per cent stake in the Ecuadorian subsidiary of a company which owns copper and gold projects in the north of the country.

Australian mining company SolGold has acquired a 20 per cent stake in the Ecuadorian subsidiary of a company which owns copper and gold projects in the north of the country.

The AIM-listed mining company renegotiated a deal enabling it to buy an initial 20% holding in Exploraciones Novomining S.A (ENSA), a wholly-owned Ecuadorian subsidiary of Cornerstone Capital Resources, which owns the Cascabel copper gold porphyry and the La Encucijada porphyry and epithermal gold projects in Northern Ecuador.

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