Takeover target SolGold looking bigger and better

Peter KerResources reporter

Updated Nov 14, 2018 – 6.32pm, first published at 4.11pm

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Takeover target SolGold's latest drilling results were "encouraging" according to one of Australia's top mineral exploration consultants, who expects the company's resource estimate to be "bigger and better" when updated next month.

SolGold published on Tuesday a selection of new drilling results from its Cascabel tenement in Ecuador, which has attracted the attention of some of the world's biggest miners. These include BHP, Newcrest Mining, Codelco and Gina Rinehart's Hancock Prospecting, which has pegged exploration ground on three sides of Cascabel.

Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne.