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Solitario Files Drilling Plan of Operations for its Bright Angel Gold, Copper Project

Solitario Files Drilling Plan of Operations for its Bright Angel Gold, Copper

articleSolitario Resources Corp.March 11, 20265/news/solitario-files-drilling-plan-of-operations-for-its-bright-angel-gold-copper-project-3
Solitario Files Drilling Plan of Operations for its Bright Angel Gold, Copper Project

About this update from Solitario Resources Corp.

DENVER, CO - Solitario Resources Corp. ('Solitario' or the 'Company') (NYSE American: XPL; TSX: SLR) is pleased to announce that it has filed a Plan of Operations with the USFS to conduct core drilling on its Bright Angel gold-copper project in Colorado. Solitario's proposed maiden drilling program represents the first drilling to be conducted on the property since 1970 when Anaconda Copper drilled eleven core holes. At Bright Angel, mineralized porphyry stockwork contains significant values of gold and copper at surface. Mineralization has been traced over an area approximately 750 meters long and up to 600 meters wide.Chris Herald, President and CEO of Solitario, stated: 'With both gold and copper trading near all-time highs, and copper being designated as a critical metal by the U.S. government, we are very excited to move this project forward. Results from previous drilling point to a definitive, and potentially significant, gold-copper porphyry target. We believe that Bright Angel represents an alkalic pipe-like porphyry characterized by high grades for both gold and copper with deep roots. Over the years, the industry's understanding of porphyry copper systems has evolved considerably. It is now recognized that an alkalic subclass, first clearly documented at the world-class Ridgeway-Cadia system in Australia, commonly hosts pipe-like geometries, with higher copper and gold grades than calc-alkaline copper porphyry systems common in the Arizona and Chilean copper belts. We look forward to working with the US Forest Service in executing an environmentally sound program that protects surface and water resources. The plan envisions very limited surface impacts with all drill holes completed to state and federal abandonment standards to protect ground water systems.' History and Geology of the Bright Angel Project Drilling at Bright Angel began in the late-1960's when its initial owner completed 186 very shallow (16 meters) and widely spaced drill holes. Twelve of the more mineralized holes were deepened to depths of up to 200 meters. Two of the holes reportedly intersected significant grades of gold and copper but are not reported here as Solitario is unable to verify the historic drill hole assay results. However, Solitario's surface rock sampling produced gold/copper grades consistent with the grades in the upper 20 meters of the reported historic dr...

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