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Additional Information
Market: AIM
Sector: Gold Mining
EPIC: SOLG
Latest Price: 5.00  (0,00%)
52-week High: 22.38
52-week Low: 4.75
Market Cap: 15.71M
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SolGold
www.solgold.com.au

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. 

 

Full SolGold profile here
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Solomon Gold PLC appoints Malcolm Norris as CEO and Managing Director

4th Oct 2011, 7:02 pm

Solomon Gold PLC (LSE:AIM SOLG) has appointed Malcolm Norris as chief executive officer and managing director, which will become effective at the end of October 2011.

As a result of other commitments and in the interests of the company’s next phase of development the current chief executive officer, Nicholas Mather, has decided to retire from management responsibility, but will remain as an executive director for at least the next 12 months.

Norris is very experienced, and recently led the team which discovered the Tujuh Bukit copper gold porphyry project for Intrepid Mines (ASX: IAU).

Solomon Gold is currently in a very interesting position, and just last month announced a 24% increase to 676,000 gold ounces at its Rannes project in Central Queensland, Australia.

With an Inferred gold resource target of over 2 million ounces at Rannes, Solomon Gold has set a cracking pace - with drilling planned at 21 defined prospects at the project, providing strong news flow and potential to reach the target resource given cash reserves of A$9 million.

Additional drill rigs are being sourced to accelerate the program at Rannes, which is located 150 kilometres west of port city of Gladstone.

What is significant is that the total Solomon Gold project discovery cost to date (Inferred Resource ounces) for Rannes is just A$6.28 an ounce.

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