Solitaire Minerals Corp. Acquires Three Land Packages Along Trend of Eagle Hill's Windfall Project
July 29 2010 - 3:49PM
Marketwired
Solitaire Minerals Corp. (TSX VENTURE: SLT) (Solitaire) has entered
into an option agreement whereby it can earn up to a 100% interest
in three land packages comprising a total of 3,181 acres (25 units)
along the southwest trend of Eagle Hill Exploration Corp.'s (TSX
symbol: EAG) Windfall Lake project in north-western Quebec, Canada.
The Windfall Lake property host high-grade gold veins and has
potential for wide mineralized zones of gold mineralization which
has underground and near-surface bulk mining potential.
Eagle Hill recently intersected 14.2 g/t Gold (Au) over 52
meters in drill hole EAG-10-196 at their Windfall Lake project. In
addition, they have discovered three new gold zones, increased the
potential for open pit mining, and discovered new gold
mineralization 900 meters along strike from their existing gold
zones (Refer to Eagle Hill Exploration Corp.'s April 28th, 2010
release).
In order for Solitaire to earn a 100% interest in these three
properties it must pay to the vendor a total of $85,000 and issue
1,000,000 common shares over a period of three years. The vendor
will also retain a 2% NSR.
Mike Magrum, P.Eng., a qualified person under National
Instrument 43-101, has approved the technical content of this news
release.
About 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.
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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