TSXV: SRW
FRANKFURT: A0BLQQ
EDMONTON, July 19 /CNW/ - Solid Resources Ltd. announces that it has
received additional assay results for holes three through seven from its
drilling program on the Doade Presqueira Property in Spain. Results for holes
one and two were reported previously. Management continues to be encouraged
by the grades identified in the assay results and continues to expect
positive results as exploration progresses. The size of the property which
contains a 14 km long, 600m wide belt of pegamites is another important
reason for Management's positive expectations. The Pegamites and the
surrounding Schist contain substantial amounts of Tin and various rare metals
including Lithium, Tantalum, Cesium, and Rubidium.
The drill program was carried out in the Presqueira area (the northern
end of the property). Stacked Pegmatite structures were intersected by each
hole. Sampling was carried out on the intersected Pegmatites as well as some
of the schist surrounding each structure. It is important to note that the
Lithium assays range to in excess of 10,000 parts per million (20 lbs. per
ton) which is the maximum limit of the assay technique employed.
The assay results follow below. 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
1 ppm (equal sign) 1 gram per metric tonne
Hole No. 3
----------
Pegmatite Structures were intersected as follows:
Depth Thickness
--------------------------
29.65m 3.20m
65.30m 3.70m
79.10m 13.65m
Pegmatite Samples
Sample Width
No. (m) Lithium Tantalum Cesium Tin Rubidium Niobium
ppm ppm ppm ppm ppm ppm
2 1.00 111.5 180 32.4 1900 754 86
3 1.00 352 70 38 873 660 64
4 1.20 77.2 100 21.7 733 411 70
7 1.00 1830 40 37.1 301 489 36
8 1.00 2280 70 45.2 434 831 52
9 1.00 268 90 23.7 309 561 65
10 0.70 113.5 60 12.85 169 240 34
13 1.00 2500 30 29.6 217 491 26
14 1.00 greater than 40 63.3 352 532 30
10,000
15 1.00 5320 50 67 621 1325 52
16 1.00 9900 60 76.5 496 1100 49
17 1.00 9560 80 32.3 490 389 63
18 1.00 6060 50 36.7 402 775 60
19 1.00 7580 20 42.7 133 946 40
20 1.00 9900 20 27.8 191 553 43
21 1.00 4020 50 40.6 255 761 55
22 1.00 4440 30 43.3 115 794 35
23 1.00 5010 60 85.6 450 1465 55
24 1.00 3870 110 29.2 1075 436 70
25 1.00 194 30 25.6 156 661 23
26 0.65 145.5 40 14.5 207 320 24
Schist Samples
Sample Width
No. (m) Lithium Cesium Rubidium
ppm ppm ppm
1 1.00 830 139 469
5 1.00 850 86.1 377
6 1.00 900 96.8 363
11 1.00 910 64.2 326
12 1.00 830 70.8 380
27 1.00 670 55.4 259
Hole No. 4
----------
Pegmatite structures were intersected as follows:
Depth Thickness
--------------------------
8.40m 4.25m
43.85m 3.65m
100.05m 7.55m
Pegmatite Samples
Sample Width
No. (m) Lithium Tantalum Cesium Tin Rubidium Niobium
ppm ppm ppm ppm ppm ppm
2 1.00 560 20 51.2 202 470 27
3 1.00 570 30 44.1 237 429 31
4 1.20 375 40 22.2 196 189 42
5 1.25 199.5 60 25.4 285 383 53
8 1.00 800 70 73.6 392 1160 66
9 1.00 104 50 22.6 107 691 39
10 0.70 61.3 40 12.15 64 430 37
11 0.65 45 60 9.2 57 263 61
14 1.00 169.5 30 18.3 122 667 35
15 1.00 237 10 35.6 107 761 29
16 1.00 149 20 40.9 74 865 23
17 1.00 73.5 20 29.2 45 712 23
18 1.00 53.8 10 27.4 32 673 11
19 1.00 119.5 10 19.55 65 325 21
20 1.00 144 20 19 95 335 30
21 0.55 107 40 13.35 98 387 34
Schist Samples
Sample Width
No. (m) Lithium Cesium Rubidium
ppm ppm ppm
1 1.00 1400 99.3 499
6 1.00 1080 91.7 382
7 1.00 850 62.2 763
12 1.00 900 84.6 1100
13 1.00 810 44.6 358
22 1.00 1130 27.6 278
Hole No. 5
----------
Pegmatite structures were intersected as follows:
Depth Thickness
--------------------------
58.50m 0.80m
62.50m 3.10m
69.70m 8.55m
Pegmatite Samples
Sample Width
No. (m) Lithium Tantalum Cesium Tin Rubidium Niobium
ppm ppm ppm ppm ppm ppm
2 0.80 176.5 120 26.8 684 444 60
6 1.00 1660 70 25.9 572 476 45
7 1.00 8490 30 43.4 605 579 20
8 1.10 3440 50 30.2 290 478 29
13 1.00 2130 50 87.3 878 1325 41
14 1.00 1940 70 84.4 742 1460 54
15 1.00 5300 60 54.7 491 1140 47
16 1.00 3200 80 165 479 2030 62
17 1.00 1090 90 90.7 569 1685 48
18 1.00 3590 130 80.3 542 1145 73
19 1.00 5380 60 54.7 346 676 59
20 1.00 1530 90 61.9 993 65
21 0.55 160 70 29.9 775 598 56
Schist Samples
Sample Width
No. (m) Lithium Cesium Rubidium
ppm ppm ppm
1 1.00 1150 113.5 422
3 1.00 1670 194.5 458
4 1.00 1780 185 274
5 1.20 2120 277 489
9 1.00 2910 444 641
10 1.00 2780 332 438
11 1.00 2180 410 713
12 1.10 2790 436 804
22 1.00 1240 112 483
Hole No. 6
----------
Pegmatite structures were intersected as follows:
Depth Thickness
--------------------------
69.75m 4.80m
102.00m 8.65m
126.70m 10.10m
Pegmatite Samples
Sample Width
No. (m) Lithium Tantalum Cesium Tin Rubidium Niobium
ppm ppm ppm ppm ppm ppm
2 1.00 128 100 23 968 408 51
3 1.00 163 80 26.9 871 359 39
4 1.00 257 50 20.8 633 369 31
5 1.00 4640 50 27.4 345 378 48
6 0.80 174 90 24.5 1010 338 44
9 1.00 700 40 62.3 326 1095 35
10 1.00 2420 70 64.8 587 1185 53
11 1.00 950 60 37.5 435 509 33
12 1.00 3020 70 88.6 353 1475 50
13 1.00 1720 20 63 334 1120 18
14 1.00 1100 80 38.5 791 618 43
15 1.00 4640 80 63.4 638 1125 51
16 1.00 356 90 24.6 744 413 67
17 0.65 204 110 22.5 349 345 74
20 1.00 940 50 24.3 787 634 61
21 1.00 8100 20 34.1 204 508 31
22 1.00 greater than 20 31.2 69 424 42
10000
23 1.00 5050 30 31.1 136 632 38
24 1.00 4170 40 35.1 244 762 59
25 1.00 6420 50 33.9 327 608 53
26 1.00 650 50 30.1 354 537 46
27 1.00 2860 50 52.1 266 853 67
28 1.00 3780 60 50.4 587 902 56
29 1.10 342 70 25.7 623 443 58
Schist Samples
Sample Width
No. (m) Lithium Cesium Rubidium
ppm ppm ppm
1 1.00 1210 156 455
7 1.00 1350 340 902
8 1.00 1600 293 646
18 1.00 1720 143 649
19 1.00 2390 92.3 503
30 1.00 1910 117 587
Hole No. 7
----------
Pegmatite structures were intersected as follows:
Depth Thickness
--------------------------
62.60m 2.10m
71.15m 4.65m
Pegmatite Samples
Sample Width
No. (m) Lithium Tantalum Cesium Tin Rubidium Niobium
ppm ppm ppm ppm ppm ppm
2 1.00 95.9 140 21.1 110 332 84
3 1.10 103.5 130 21.9 156 590 83
6 1.00 860 20 32.5 99 921 30
7 1.00 2230 10 34.9 81 718 22
8 1.00 greater than 20 40.4 119 417 17
10000
9 1.00 5360 20 32.6 81 811 23
10 0.65 500 20 27.4 90 523 27
Schist Samples
Sample Width
No. (m) Lithium Cesium Rubidium
ppm ppm ppm
1 1.00 800 88.5 673
4 1.00 1430 138 759
5 1.00 1190 61.1 361
11 1.00 470 26 210
Visual field mineral identification has been carried out. The pegmatites
are albite-mica-quartz. Tantalum occurs in the pegmatite as Tantalum oxide and
possibly as Niobium-Tantalite. Tin occurs in the pegmatite as cassiterite, a
Tin oxide. Lithium occurs as spodumene often altering into Kunzite. However,
at the contact between the pegmatite and the schists, lepidolite, a mica
mineral of Lithium, is present. The minerals in the pegmatite within which the
Rubidium and Cesium occur have not been identified.
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.
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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.
Recent metal prices of interest to Solid Resources (in U.S. dollars):
Silver 6.96 per oz Gold 420 per oz Lithium Metal 48 per lb
Tantalum 40 per lb Cesium 50 per gm Rubidium 25 per gm
Platinum 865 per oz Copper 1.61 per lb Nickel 6.60 per lb
Tin 3.37 per lb Zinc 0.53 per lb
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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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