Solitaire Minerals Corp. Is Currently Conducting a Ground Program on the Land Package Surrounding Imperial's Red Chris Project
June 08 2010 - 5:10PM
Marketwired
Solitaire Minerals Corp. (TSX VENTURE: SLT) (Solitaire) is
currently conducting a ground program on its land package
surrounding Imperial Metal Corporation's (TSX symbol: III) Red
Chris property in northwestern British Columbia, Canada. To view a
map of the location of Solitaires' land package in this region
please visit the following link:
http://www.solitaireminerals.com/projects/summit/.
Solitaire has entered into option agreements whereby it can earn
up to a 100% interest in four property units totaling 34,715 acres
and collectively named the Summit Lake Project. The 2,948 acre
Summit "A" property unit immediately borders the eastern boundary
of Imperial Metal Corporation's Red Chris property. The 2,510 acre
Summit "B" property is located ten kilometres northwest of the Red
Chris property and the 13,331 acre Summit "C" property is located
seven kilometres west of the Red Chris property. Summit "D"
immediately borders Summit "A" to the east and continues north
where it borders the northern border of the Red Chris Property.
Two mineralized systems have been identified on the Summit "B"
property, within a kilometer to the south of a large early
Mississippian granodiorite to diorite pluton. One system is
indicated by several trenches exposing a system of vein-style
copper, gold and silver mineralization over a strike length of
approximately 170 meters with an average width of 5 meters. Grab
samples of phyllitic material returned values to 3.6% copper; a
1.5-metre chip sample returned 0.17% copper (Assessment Report
21760). A sample of a 10-centimetre high-grade pod of
quartz-pyrite-chalcopyrite-malachite assayed 8.98% copper, 24.5 g/t
silver and 0.045 g/t gold (Assessment Report 21416).
The other system, located about 50 metres to the southwest, has
a similar mineralogy to the first, but is arsenopyrite-bearing.
Trenching has exposed a 1.0-metre lenticular quartz vein with blebs
of pyrite, arsenopyrite and chalcopyrite. A grab sample returned
0.6% copper and 1.61 g/t gold (Assessment Report 21760).
Carl Schulze, BSc, PGeo, will be the Qualified Person for the
Summit Lake Project.
About Solitaire Minerals Corp.
Solitaire Minerals Corp. (TSX VENTURE: SLT) is a diversified
Junior Canadian Mineral Exploration Company with a specific focus
on precious and base metal properties in North America. In
addition, the Company intends to acquire Metallurgical coal leases.
Solitaire continues to negotiate for coal leases with near and long
term production potential.
For additional information please contact Solitaire Minerals
Corp. or visit www.solitaireminerals.com.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
Charles Desjardins, President and Director
Cautionary note:
This report contains forward looking statements. Resource
estimates, unless specifically noted, are considered speculative.
Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. By their nature, forward
looking statements involve risk and uncertainties because they
relate to events and depend on factors that will or may occur in
the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic
factors. Cautionary Note to US investors: The U.S. Securities and
Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically
and legally producible under existing economic and operating
conditions.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Solitaire Minerals Corp. Charles Desjardins President
and Director 604-683-5445 604-687-9631 (FAX)
info@solitaireminerals.com www.solitaireminerals.com
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