Solid Expands Thickness and Continuity of Consistency of Mineralized Dykes at Doade-Presqueiras Rare Metals Project, Spain

TSXV:  SRW   
FRANKFURT:  YRS

VANCOUVER, May 16 /CNW/ -  Solid Resources Ltd. ("SOLID" or the "Company") (TSX-V: SRW) (Frankfurt: YRS) is pleased to provide assay results from an additional 6 holes drilled as part of the Phase 3 program that is currently underway at the Company's 100% owned Doade-Presqueiras rare metals project in North-western Spain.

The thickness and number of mineralized pegmatite dykes intersected as evidenced in the latest assay results, holes S0-11-05 through S0-11-10, continues to expand the previously known mineralized dykes in this northern zone. Holes 5, 6 and 7 report mineralized pegmatite intersections at 5 different levels ranging in width from 1.1m to 9.85m.

"Based on these encouraging results and the discovery of new blind dykes along with the continuity of the previously known dykes, the Company will immediately be moving forward to construct a resource model for both the north and south zones of the property." stated Greg Pendura, CEO and President.

Assayed Intervals

DRILL HOLE FROM
(m)
TO
(m)
LENGTH
(m)
Sn
(ppm)
Ta2O5
(ppm)
Nb2O5
(ppm)
Li2O
(%)
Rb
(ppm)
SO-11-01 18.5 21.3 2.8 996 131 116 0.01 496
  31.90 33 1.1 1065 207 120 <0.01 261
                 
SO-11-02 39.1 50.1 11 761 174 132 0.07 911
                 
S0-11-03 36.95 41.95 5 690 78 67 0.34 978
  48.2 51.2 3 709 118 103 0.87 610
  54.2 64.35 10.15 679 115 106 0.37 976
                 
SO-11-04 Results Pending            
                 
SO-11-05 13.45 14.80 1.45 666 109 100 0.03 313
  51.20 57.00 5.8 464 61 60 0.19 1323
  66.20 71.55 5.35 680 80 80 0.23 1001
  73.35 78.30 5.95 464 58 88 0.13 552
  81.40 88.35 6.95 650 76 95 0.78 744
                 
SO-11-06 16.60 18.15 1.55 1042 182 146 0.03 605
  51.55 56.75 5.2 519 70 59 0.31 842
  58.25 68.10 9.85 640 105 99 0.85 988
  77.75 82.10 4.35 653 66 87 0.13 677
  90.35 95.40 5.05 559 82 90 0.35 752
                 
SO-11-07 28.15 30.20 2.05 895 115 106 0.05 623
  63.80 69.90 6.1 770 105 90 0.67 1306
  71.10 75.80 4.7 899 87 92 0.44 852
  94.40 95.50 1.1 1575 97 101 0.02 346
  99.05 101.00 1.95 692 115 87 0.13 610
                 
SO-11-08 50.90 58.50 7.6 997 166 126 0.41 983
  66.00 72.50 6.5 734 134 107 0.66 1003
                 
SO-11-09 53.35 57.65 4.30 795 82 68 0.31 599
  86.60 102.20 15.60 340 50 58 0.15 818
                 
SO-11-10 30.60 34.95 4.35 811 88 85 0.11 680
  45.60 52.85 7.25 394 77 58 0.66 740
  74.50 80.80 6.30 367 54 73 1.1 661

Intercepts represent approximately 90% true thickness
ppm=g/t

Twenty-nine holes will be drilled in the 2011 campaign, the third carried out by Solid, which will assist the Company in verifying the location and continuation of the mineralised pegmatite dykes.

Dr. Alfonso S. Gracia Plaza, Doctor of Science in Economic Geology, is the Director of the ALBERTA-1 Project and supervises the Company's exploration programme on the project. He is responsible for the technical reporting in this news release and is the Company's "Qualified Person" for the purpose of NI 43-101.

About Solid Resources:

Solid Resources is a Canadian junior mining company focusing on the exploration and development of rare and precious metals and industrial commodities worldwide. The Company is currently quantifying the presence of tantalum, tin, lithium and other rare minerals on its property in north-western Spain. In addition, further exploratory work is being conducted on its gold, copper concession in the Province of Ayabaca in northwest Perú.

Quality Control:

Assay results were provided by ALS Minerals in Vancouver using  XRF and  ICP-MS. A complete description of the QA/QC can be referenced on the news release issued May 2, 2011.

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, 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE Solid Resources Ltd.

For further information:

Solid Resources Ltd    The Howard Group Inc.
Greg Pendura
President & CEO
Solid Resources Ltd.
Ph: (780) 800-0726
www.solidresources.com
  Investor Relations
Dave Burwell
Toll Free: 1-888-221-0915
Ph: (403) 410-7907
Email: info@howardgroupinc.com
www.howardgroupinc.com

 

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Solid Resources Ltd.

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