Business
Solitaire Minerals Corp. Property Updates
VANCOUVER, Sept. 12 /CNW/ - Solitaire Minerals Corp. (TSX-V symbol: SLT) (the Company) would like...
About this update from Pegasus Resources Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 12 /CNW/ - Solitaire Minerals Corp. (TSX-V symbol: SLT)\n(the Company) would like to provide an exploration update for its regions of\ninterest which are Red Lake (Gold), Eldorado/Mystery Island (Uranium, Silver,\nIOCG), the Athabasca basin (Uranium), and Lateral Lake (Molybdenum, Rubidium).\n\n\nRed Lake, Ontario (Gold Camp)\n\n\nThe Company is well situated in the historic Red Lake area with several\nstrategically acquired land holdings representing the third largest land\nholdings by any Company in the core area of the Red Lake Greenstone Belt. The\ncompany is currently in the process of completing a ground soil sampling\nprogram on the Humlin property which borders Goldcorp. Solitaire is currently\nworking towards fulfilling its Humlin work commitments for 2008.\n\n\nSolitaire Minerals has significantly advanced the Option agreement with\nRubicon Minerals Corp. on the Red Lake North property where initial drilling\nhas successfully tested the extension of the down dip deposit from the\nGoldcorp/Planet discovery zone. The terms of the Red Lake North Option\nagreement have been satisfied well into 2010; however the Company plans to do\nwork well before then.\n\n\nEldorado/Mystery Island, NWT (Uranium, Silver, IOCG)\n\n\nThe Mystery Island property is situated adjacent to Alberta Star\nDevelopment Corp.'s Contact Lake (Eldorado) property which is being explored\nfor iron-oxide, copper, gold, and high grade uranium and silver\nmineralization. An airborne VTEM-survey, carried out by Geotech Ltd., has\nidentified a 12 kilometer long magnetic low which is coincident with the\nlargest fault in the Port Radium mining camp. Preliminary interpretation\nsuggests that this is an expression of a major alteration zone. This is very\nsignificant because this fault bounds the mining camp and has the same\norientation as the faults which hosted the Eldorado mines and Echo Bay mines\nhigh-grade uranium, silver and copper orebodies. Currently the company is in\nthe final step of the permitting process and anticipates receiving a 5 year\nexploration permit.\n\n\nWork by Echo Bay Mines in 1981 noted that the geology of Mystery Island\n(100% Solitaire interest) is similar to that of Contact Lake mine. Sampling by\nEcho Bay around the adit located on Mystery Island returned grades of up to\n16.90% copper and 3.4 oz silver p...