EDMONTON, May 3 /CNW/ - Solid Resources is pleased to report that on April 27th it commenced the second phase of drilling on its Doade-Presqueria concession located in Northwestern Spain, 25 kilometres east of the port city of Pontevedra. The first segment of this 20 hole core drilling program will consist of approximately 7 vertical holes totaling approximately 850 metres and will be carried out on the Northern end of the concession. The drilling program will be overseen by Tony Spat, MSc., P.Eng., Vice President of Mining and Exploration, and Rolf Burkhardt, Phd. Geol, Manager of Field Exploration. The goal of the program is to determine the continuity of the grades identified by the initial scout program and to establish tonnage. First assay results are expected the third week of May. Solid has previously drilled 10 scout holes on the property with assay results showing exceptionally high values for Lithium, Tantalum, Tin, Rubidium, and Cesium. Because each hole produced excellent results, Management is confident that the results of this second phase will be very positive and lead to quantification of resources and reserves. Solid's management plans to continue working diligently on behalf of its shareholders to make 2005 a successful year for the Company. The President of Solid Resources, Alvin Harter, has had a life-time of experience in the mining and exploration industry and has been instrumental in the establishment of several mines in Canada and Mexico. Solid's Vice-President of Mining & Exploration, Tony Spat, has also had a remarkable career in exploration. He has worked for many senior as well as junior mining companies throughout the world and has been instrumental in a number of important discoveries in different parts of the world. In view of the extensive experience of Solid's management team, the expertise of its exploration team, and the increasing demand for the rare and precious metals that Solid is seeking, the Company's management is optimistic about the future of Solid Resources. Solid Resources Ltd. is committed to explore for Rare and Precious Metals. Its current properties are located in Italy, Spain, Canada, and Mexico. The Company's website is at www.solidresources.com. The Company's Common Stock trades on the TSX Venture Exchange under the symbol SRW and on the Frankfurt Stock Exchange under the symbol A0BLQQ. Certain statements contained in this press release, including statements which are related to exploration activity and future prospects and profitability and which may contain words such as "could", "should", "expect", "believe", "will" and similar expressions and statements relating to matters that are not historical facts are forward-looking statements. Such forward- looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances and/or achievements of Solid to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Such factors include fluctuations in the market conditions and prices of tantalum, lithium, tin, silver and other metals and related products and services; competition; political and economic conditions in countries in which Solid does business; changes in laws and regulations, including environmental regulations, to which Solid is subject, and other factors which are described in further detail in Solid's filings with the Canadian Securities Regulators. The TSX Venture Exchange has not reviewed this release and does not accept responsibility for the adequacy or the accuracy of this release.
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