TSXV: SRW
FRANKFURT: A0BLQQ
EDMONTON, June 29 /CNW/ - Solid Resources announces assay results from
the first two holes of its current drill program in Spain. The company's
Management and Directors are extremely pleased with the results and believe
they provide strong evidence of a very significant deposit of various rare
metals including Lithium, Tantalum, Cesium, and Rubidium, as well as Tin. Each
hole drilled to date has intersected pegmatite stacked structures bearing very
good grades of the various metals.
The drilling program was carried out in the Presqueira area (the northern
portion) of the Doade Presqueira deposit and is aimed at determining the
continuity of mineralization and grades of various metals originally
identified in 2003 by scout drilling. The Pegmatites in this area are sub-
horizontal and outcrop at the surface on the north end.
Hole number one was drilled to a depth of 85.75 metres and intersected
four sub-horizontal Pegmatite structures at depths and thicknesses as follows:
<<
Depth Thickness
-----------------------
9.0 m 2.75 m
37.4 m 1.30 m
40.2 m 4.00 m
62.6 m 15.20 m
Hole number two was drilled to a depth of 70.4 metres and intersected the
fourth structure above at a depth of 45.6 metres and a thickness of
13.7 metres. This structure was also intersected by the holes drilled in 2003.
It is important to note that there is very significant mineralization in
the Schist surrounding the Pegmatites which contain high grades of Lithium,
Rubidium, and Cesium. Samples were taken from both the Pegmatites and the
surrounding Schist and the results are included below. All samples were taken
over a width of 1.0 metre with four exceptions ranging from 0.70 metres to
1.45 metres.
Solid's Management believes that these assay results and the drilling
program of 2003 provide very good evidence of significant tonnages of
mineralization and economic grades of the various metals. In particular, the
results are considered excellent for Lithium which is a very important
resource in the battery market and modern technology in general. Assay results
and other data on the additional holes are still being compiled; however, the
highest assay for Lithium is in excess of 10,000 parts per million (20 lbs.
per ton) which is the maximum limit of the assay technique employed. Several
others are close to this level. These results will be released once all
information has been received.
The Doade Presqueira concession consists of a NNW-SSE trending
mineralized pegmatite belt 600 metres wide with a strike length of
14 kilometres. The Presqueira area where the current sampling program is being
carried out represents only about 20% of the mineralized zones on the
concession.
The drilling program, sampling, and shipments of samples were conducted
under the direction of Rolf Burkhardt, Phd. Geol., the company's Manager of
Field Exploration. The assays were performed by ALS Chemex of North Vancouver,
British Columbia, Canada. The Lithium assays were conducted with analytical
procedure ME-ICP61a. The Cesium assays were conducted utilizing ME-MS61.
Assays of the other metals were conducted utilizing ME-XRF05.
The assay results from holes number one and two are as follows:
ASSAY RESULTS - Hole No. 1
Pegmatite Samples
Sample Width Lithium Tantalum Cesium Tin Rubidium Niobium
No. (m) ppm ppm ppm ppm ppm ppm
2 1.00 378 60 26 464 526 37
3 1.00 484 110 32.9 827 633 61
4 0.75 110.5 120 22.5 458 553 73
7 1.30 101.5 50 20.6 141 329 32
9 1.00 115 50 37.2 653 873 39
10 1.00 51.5 70 13.2 545 252 43
11 1.00 55.2 70 22 704 580 56
12 1.00 129 70 27 578 399 48
15 1.00 132.5 50 44.5 865 1070 47
16 1.00 1390 90 42.7 580 868 56
17 1.00 3350 50 68.6 270 977 48
18 1.00 4810 40 60.1 236 885 37
19 1.00 2850 40 80.5 359 1750 43
20 1.00 5490 70 79.5 695 1535 60
21 1.00 1960 110 38.1 871 438 100
22 1.00 840 60 80.8 547 1610 49
23 1.00 710 90 47.2 515 633 74
24 1.00 1510 30 47 244 751 48
25 1.00 155 80 58.2 753 939 68
26 1.00 178 70 66.6 502 1200 62
27 1.00 93.7 90 47.6 1630 820 84
28 1.00 74.3 130 29.6 778 551 99
29 1.20 58.4 80 20.7 454 427 57
Schist Samples
Sample Width Lithium Cesium Rubidium
No. (m) ppm ppm ppm
1 1.00 1390 260 1220
5 1.00 1500 204 622
6 1.00 1270 286 944
8 1.45 1700 147 1030
13 1.00 1050 288 801
14 1.00 2640 117.5 459
30 1.00 700 73.8 434
ASSAY RESULTS - Hole No. 2
Pegmatite Samples
Sample Width Lithium Tantalum Cesium Tin Rubidium Niobium
No. (m) ppm ppm ppm ppm ppm ppm
2 1.00 490 120 38.2 1260 728 80
3 1.00 7310 60 60.7 508 1180 57
4 1.00 4420 150 55.4 1050 950 84
5 1.00 2580 240 81.1 1215 1335 94
6 1.00 5000 170 64.7 1110 893 158
7 1.00 4350 190 110 1080 1185 91
8 1.00 5600 110 102 783 1085 70
9 1.00 6190 100 113 889 1500 70
10 1.00 7190 120 72.5 752 718 77
11 1.00 4740 80 93 635 955 59
12 1.00 970 70 104.5 485 1615 53
13 1.00 297 100 36.3 728 814 59
14 0.70 91 100 21.6 902 447 64
Schist Samples
Sample Width Lithium Cesium Rubidium
No. (m) ppm ppm ppm
1 1.00 1880 193.5 689
15 1.00 1420 160 637
To assist the reader in interpreting the data, conversions of grades from
parts per million (ppm) are as follows:
10,000 ppm (equal sign) 1.0% (equal sign) 20 lbs per ton
5,000 ppm (equal sign) 0.50% (equal sign) 10 lbs per ton
2,500 ppm (equal sign) 0.25% (equal sign) 5 lbs per ton
1,000 ppm (equal sign) 0.10% (equal sign) 2 lbs per ton
500 ppm (equal sign) 0.05% (equal sign) 1 lb per ton
-------------------------------------------------------------------------
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 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,
precious, and base metals in its properties, the Company's management believes
that Solid Resources has a very bright future.
Solid Resources Ltd. is committed to exploration for Rare, Precious, and
Base Metals. Its current properties are located in Canada, Spain, Mexico, and
Italy. 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.
>>
Mogelijk gemaakt door 
Translate
Translate