SolGold Plc provide a drilling update on its Tandayama-Amer?ca ("TAM") porphyry copper-gold deposit at the Cascabel project in northern Ecuador. The TAM deposit contains a maiden Mineral Resource Estimate ("MRE") of 233Mt @ 0.33% CuEq for 0.53Mt Cu, and 1.20Moz Au in the Indicated category, plus 197Mt @ 0.39% CuEq for 0.52Mt Cu, and 1.24Moz Au in the Inferred category. The TAM deposit lies approximately 3km north of the Alpala deposit that comprises 2,663 Mt at 0.53% CuEq[2] in the Measured plus Indicated categories and contained metal content of 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag[3] at the Company's Cascabel project, held by Exploraciones Novomining S.A. ("ENSA"), an 85% owned subsidiary of SolGold. Drilling continues at TAM utilising four diamond drill rigs. The Cascabel project is still growing, and the additional resources being identified at TAM provide a strategic fit towards the development of the Cascabel property as a whole. Further updates to the Cascabel resource base are planned.