EDMONTON, June 1 /CNW/ - Management of Solid Resources is highly optimistic with regard to the possibility of diamond bearing Kimberlite Pipes on its Bear property in Canada's Northwest Territories. The Bear property is located in line, geographically, with a number of other Diamond discoveries which have been made in recent years including Ekati, Diavik, Snap Lake, Dry Bones Bay, Kennady Lake, Cross, and Roundrock. The company has received the final evaluation from the recently completed airborne geophysical survey of the property. The geophysical data show several distinct circular anomalies which give a strong indicator of Kimberlite pipes. All Kimberlite pipes do not carry diamonds; however, in addition to its location in the diamond belt, the Bear property has an abundance of Garnet which is one of the minerals normally found in association with diamonds. The location of the Bear property in relation to the other diamond finds can be viewed on the company's website at www.solidresources.com/images/bear-property-2.jpg The geophysical survey was completed by Fugro Airborne Surveys (www.fugroairborne.com), the most versatile and technologically advanced airborne survey company in the world. Fugro acquires electromagnetic, magnetic, radiometric and gravity data to identify areas of mineralization. These highly specialized capabilities are utilized extensively by the mining industry in sub-surface exploration. The company plans to undertake a comprehensive analysis of the data in order to identify the targets with the highest potential. This will be followed by a summer bulk sampling program in 2005 aimed at determining the existence of other diamond associative minerals including Chromite, Ilmenite, and Diopside. A drilling program aimed at intersecting diamond bearing Kimberlite pipes will then be undertaken in the fall of 2005. Previous drilling programs on the property have revealed a Massive Sulphide zone, known as the M zone, which contains significant quantities and grades of Silver and Zinc. The results of the geophysical survey show that there are a number of anomalies which have characteristics that are similar, if not identical, to the M zone. These additional zones will also be targeted by the planned 2005 summer sampling program. Solid's Management is optimistic that these will be as well mineralized as the M zone. ------------------------------------------------------------------------- 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.
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