|
News Library:
Solitario Intersects High-Grade Gold Mineralization On Its Mercurio Gold Project In Brazil
December 14, 2005
|
Denver, Colorado: Solitario Resources Corporation today announced the results of its recently completed initial drilling program on its 100%-owned Mercurio gold project (to view area click here) in northern Brazil. Highlights include core holes SB-04 that intersected 12.1 meters grading 12.2 grams per tonne ("g/t") gold, SB-08 that intersected 3.0 meters of 6.48 g/t gold and SB-12 that intersected 4.1 meters grading 5.29 g/t gold. In total, nine of the twelve widely-spaced holes drilled on the Mercurio project intersected strong gold mineralization. Significant results of Mercurio drilling are provided in the table below and a drill hole location map can be accessed by clicking here.
|
Mercurio Drill Hole Assay Results
|
|
Prospect
Name
|
|
|
|
|
|
Saprolite(S) or
Hard Rock (R)
|
|
Patoa
|
SB-01
|
16.8
|
24.4
|
6.6 / 21.7
|
1.18
|
S
|
|
ss
|
s
|
57.6
|
60.10
|
2.5 / 8.10
|
2.09
|
R
|
|
s
|
s
|
68.6
|
71.7
|
3.1 / 10.3
|
1.94
|
R
|
|
ss
|
s
|
82.3
|
93.1
|
10.8 / 35.3
|
1.27
|
R
|
|
s
|
SB-02
|
63.2
|
67.9
|
4.7 / 15.5
|
2.43
|
R
|
|
s
|
SB-04
|
13.7
|
35.6
|
21.9 / 71.7
|
6.97
|
S
|
|
s
|
including
|
13.7
|
25.9
|
12.2 / 40.0
|
12.22
|
S
|
|
s
|
ss
|
60.2
|
70.2
|
10.0 / 32.8
|
0.97
|
R
|
|
West Patoa
|
SB-06
|
19.8
|
35.1
|
15.3 / 50.2
|
0.86
|
S
|
|
s
|
including
|
21.4
|
24.4
|
3.0 / 9.9
|
2.03
|
S
|
|
s
|
s
|
146.3
|
152.4
|
6.1 / 20.0
|
1.26
|
R
|
|
Colonia
|
SB-08
|
47.3
|
65.6
|
18.3 / 60.0
|
1.89
|
R
|
|
s
|
including
|
50.3
|
53.3
|
3.0 / 9.8
|
6.48
|
R
|
|
s
|
SB-09
|
60.9
|
67.7
|
6.8 / 22.3
|
1.79
|
R
|
|
South Patoa
|
SB-10
|
36.8
|
42.7
|
4.4 / 14.4
|
4.72
|
S/R
|
|
Tucanarei
|
SB-11
|
32.0
|
36.5
|
4.5 / 14.8
|
3.36
|
S
|
|
s
|
SB-12
|
39.6
|
56.1
|
16.5 / 54.1
|
1.94
|
R
|
|
s
|
including
|
46.5
|
50.6
|
4.1 / 13.4
|
5.29
|
R
|
No estimate of true width of mineralized intercepts shown above can yet be made.
Chris Herald, President and CEO of Solitario, stated, "This is an excellent start to our program on the Mercurio gold project with both high-grade and lower-grade disseminated gold mineralization being found in several near-surface and widely spaced zones. We intend to initiate a follow-up drilling program in the spring of 2006. In addition, we continue to acquire very attractive gold properties in the significantly under-explored Tapajos region of Brazil."
The Mercurio project is located in the Tapajos gold region of northern Brazil where an estimated 30 to 40 million ounces of gold has been produced by local small-scale mining of soils. On the 8,550-hectare Mercurio property, informal gold production from saprolite soils by local miners has occurred in approximately a dozen different localities during the past ten years. Geochemical sampling and geophysical magnetic surveys conducted by Solitario indicates mineralization extends beyond the current drill pattern. In addition to the drilling at Mercurio, Solitario also completed four core holes on the Odin project located about 80 kilometers to the southwest of Mercurio. These holes intersected anomalous gold mineralization.
The drill hole information contained within this release is reported under a quality control program supervised by Mr. Walt Hunt, Vice President of Operations for Solitario Resources Corporation, who is a qualified person as defined by National Instrument 43-101. Samples are derived from 50% splits of HQ and NQ (2.5 and 1.9 inch) diameter core. Samples are then shipped via secured third-party land and air transportation companies and analyzed by ALS Chemex Inc., North Vancouver, Canada, an ISO9002 registered company. In addition to the laboratory's quality control program, a check assay program is ongoing.
Solitario is a gold, platinum-palladium, and base metal exploration company actively exploring in Peru, Brazil, Bolivia and Mexico. Solitario is traded on the Toronto Stock Exchange (TSX: SLR).
FOR MORE INFORMATION, CONTACT: |
Debbie W. Mino
Director-Investor Relations
(800) 229-6827
|
Christopher E. Herald
President & CEO
(303) 534-1030
|
This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Solitario, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Development of Solitario’s properties are subject to the success of exploration, completion and implementation of an economically viable mining plan, obtaining the necessary permits and approvals from various regulatory authorities, compliance with operating parameters established by such authorities and political risks such as higher tax and royalty rates, foreign ownership controls and our ability to finance in countries that may become politically unstable. Important factors that could cause actual results to differ materially from Solitario’s expectations are disclosed under the heading "Risk Factors" and elsewhere in Solitario’s documents filed from time to time with Canadian Securities Commissions, the United States Securities and Exchange Commission and other regulatory authorities.
|
| Current Releases |
|
| Archived Releases |
|
|
|
|
