SHERWOOD PARK, AB, April 18 /CNW/ - Solid Resources today announced encouraging assay results from its newly acquired Sacrificio Silver/Copper property located in Mexico. This concession covers approximately 1,287 acres and was drill tested in the late 1990's for Copper by a major mining company. While this property was previously explored as a Copper prospect, both Alvin Harter, Solid's President, and Tony Spat, VP of Exploration and Mining, have vast experience in Silver and Gold deposits and recognize this property as a potential significant Silver deposit with Copper (as opposed to a Copper deposit with Silver). In addition, Silver and Copper prices are at significantly higher levels than in the past, with the expectation that this trend will continue. Solid's Management and geological team are very pleased and very encouraged by the assay results. We believe that this concession has a significantly larger potential than previously thought and have commenced planning for a major diamond core drilling program to be undertaken as soon as possible. In March, Solid Resources fielded a team under the direction of Rolf Burkhardt, Phd. Geol. the Company's Manager of Exploration, to better ascertain the grade and extent of the mineralization on this property by sampling a wide area using various sampling methods. Chip samples, panel samples, grab samples and fracture fillings were collected from 16 different areas on the property, encompassing both skarn zones and shear zones. A total of 101 samples were collected for assay. Results show that Silver and Copper mineralization appear to be much more widely disseminated on the property and of significantly better grade than was previously recognized. Silver was found in all 101 samples and averaged from 24 to 33 ounces per tonne in three of the areas sampled and from 5 to 20 ounces per tonne in eight areas. Copper was also present in all samples assayed and averaged in excess of 5% in four areas and from 1% to 4% in seven areas. Gold mineralization is widespread and in certain areas there is Molybdenum and Zinc potential as well. Solid's Management believes that, given the wide dissemination and good assay results throughout, the potential exists for a deposit of significant tonnage. This sampling program was conducted under the direct supervision of Dr. Rolf Burkhardt, PhD Geology, Solid's Manager of Exploration and a Qualified Person under NI 43-101. All samples were assayed by Acme Analytical Laboratories Ltd in Vancouver, Canada. ------------------------------------------------------------------------- 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 and precious metals that Solid is seeking, the Company's management is optimistic about the future of Solid Resources. ------------------------------------------------------------------------- Solid Resources Ltd. is an Alberta based exploration company committed to exploration for Rare and Precious Metals. Its properties are located in Canada, Mexico and Spain. 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.
Published Apr 18 2005
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