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Solitaire Minerals Corp. Applies for Drill Permits for the Riou Lake Uranium Property, in the Athabasca Basin
Solitaire Minerals Corp. Applies for Drill Permits for the Riou Lake Uranium Property, in the Athabasca Basin.
About this update from Pegasus Resources Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, March 19 /CNW/ - Solitaire Minerals Corp. (TSX-V: SLT) is\npleased to announce that it has applied for drilling permits for the Riou Lake\nProperty, located within the Athabasca basin, Saskatchewan. It has been\ndetermined that the seasonal "break up" will not affect the drill target\nzones, so drilling will begin shortly after permit approval. The proposed\ndrill program will encompass a minimum of 4000 meters with all targets to be\ncollared on dry land south of Riou Lake and concentrated near the centre of\nthe Soil Gas Hydrocarbon anomalies designated by Actlabs as the "Primary\nTarget" and "Secondary Target", in conjunction with other geochemistry from\nthe area.\n\n\nThe Primary Target Area is 3 km long and the Secondary Target Area is\n2 km long. The furthest eastern anomaly (The Primary Target) also coincides\nwith a possible zone of alteration suggested by a magnetic low along the\nEscarpment Fault and one sample from a stream exiting the escarpment yielding\n9.4 ug/litre (micrograms per litre) of Uranium which is anomalous. Four other\nwater samples taken from other locations on the Property had an average value\nof less than 0.1 ug/litre.\n\n\nSolitaire Minerals has retained the services of The Richmond Club Corp.\n("Richmond Club") of Toronto, Canada, to provide investor relations services\nfor the Company, subject to TSX Venture Exchange approval.\n\n\nThe Richmond Club is a media company that showcases 3-4 companies that it\nfeels, have an excellent chance of out-performing the market over a 1-2 year\nperiod, at its monthly luncheon meetings. These companies are showcased to The\nRichmond club's 612 members, through its website and at investor luncheon\nmeetings. Richmond Club members are a mixture of brokers, fund managers\nanalysts and high net-worth investors. Monthly luncheon meetings are held in\nToronto at the National Club, at Bay & King Street and are free of charge to\nbrokers, fund managers, analysts and high net-worth investors. Richmond Club\nwill receive a monthly fee of $1,450 and will be granted 118,000 stock options\nvesting 25% now and every three months during the first 12 months at an\nexercise price of $0.29 per share. The term of the investor relations contract\nwith the Richmond Club is one year.\n\n\nAbout Solitaire Minerals Corp....