Solid Resources Finalizes The 2011 Drill Program At Doade-Presqueiras Rare Metals Project, Spain

Results include: 11m averaging - 168 ppm Tantalum, 838 ppm Tin and 1.31% Lithium Oxide

TSXV:  SRW
OTCQX:  SLDRF
FRANKFURT:  YRS

VANCOUVER, Sept. 7, 2011 /CNW/ - Solid Resources Ltd. ("SOLID" or the "Company") (TSXV: SRW) (OTCQX: SLDRF) (Frankfurt: YRS) is pleased to provide the final assay results from an additional eight holes drilled as part of the thirty-one hole 2011 drill program that has now been finalized at the Company's 100% owned Doade-Presqueiras rare metals project in North-western Spain, 25 km east of the port city of Pontevedra.

All holes S0-11-24 through S0-11-29 correspond to the two most southern areas of the 14 km long deposit (respectively called Rubillon and Taboazas). This latest set of drill holes have again intersected mineralized pegmatite dykes with consistent thicknesses of up to 11.5 m. Holes 26, 27, 28 and 29, which are in the most southern area of the property - Taboazas, have returned average tantalum grades of up to 280 ppm, which is the highest current average resource grade reported in the 2011 campaign.

Holes S0-11-30 and S0-11-31 correspond to the two additional holes that were drilled in the Presqueiras (northern) area to determine the continuity and extent of the high-grade mineralization found in hole S0-11-12, located in the southeast of the Presqueiras. Drill hole S0-11-30 is located 44 m from S0-11-12 while S0-11-31 is located 54 m from S0-11-30. These results confirm the continuity of the mineralization for a further 94m into an area of Presqueiras that was previously not known to be mineralized.  The extension of the Presqueiras zone intersected mineralized pegmatite dykes with thicknesses of up to 10.7 m, returning average tin grades of 848 ppm and over 1% lithium.

DRILL HOLE FROM
(m)
TO
(m)
LENGTH
(m)
Sn
(ppm)
Ta2O5
(ppm)
Nb2O5
(ppm)
Li2O
(%)
Rb
(ppm)
SO-11-24 37.95 42.50 4.55 719 63 77 0.011 539
                 
SO-11-25 26.75 32.20 6.05 1014 137 114 0.033 713
  74.10 76.60 2.5 379 121 81 0.014 501
                 
SO-11-26 86.75 89.50 2.75 607 178 131 0.34 902
  112.65 123.65 11.00 838 168 129 1.31 1278
  132.80 138.75 5.95 482 131 96 1.03 1121
  152.60 153.60 1 456 73 120 0.017 279
  156.40 159.15 2.75 321 72 85 0.53 665
                 
SO-11-27 101.35 104.40 3.05 603 105 119 0.377 749
  203.50 204.50 1 501 219 92 0.028 401
  212.00 216.45 4.45 536 219 121 0.125 747
  244.70 256.25 11.55 536 141 96 1.194 909
                 
SO-11-28 49.00 50.45 1.45 1210 256 191 0.03 413
  66.80 68.00 1.20 787 280 153 0.023 498
  73.50 74.05 0.55 2110 183 137 0.21 385
                 
SO-11-29 49.30 50.45 1.15 601 268 115 0.014 313
  88.20 90.40 2.2 1320 250 132 0.274 460
  92.30 94.20 0.90 548 97 90 0.054 492
                 
SO-11-30 71.65 82.35 10.70 848 114 107 1.068 829
  86.60 87.60 1.00 1115 122 147 0.024 477
                 
                 
SO-11-31 61.45 63.00 1.55 892 85 82 0.121 828
  63.40 70.70 7.3 862 120 114 0.697 1258

Intercepts represent approximate true thickness
1 ppm= 1 g/t; 1% = 20 lbs.
Current prices of metals: Tin - $11.05/lb; Tantalum (Ta2O5) -  $150/lb; Lithium (Li2O)- $2-3/lb;         
Niobium (Nb2O5) - $21/lb
(Sept.6, 2011 - US $'s)

"The results of the 2011 drill program have proven to be very encouraging for Solid Resources.", commented Greg Pendura, President and CEO. "The 2011 campaign reported intersects of mineralized pegmatite dykes which were 50-100% greater than the 2003/2005 drill programs, while demonstrating consistent mineralization throughout. Based on the success of our drill program, the Company has immediate plans to complete a NI 43-101 compliant resource estimate. The Company will be announcing a complete summary of the 2011 drill program, including our present plans to advance the project very shortly."

The 3,364 m, thirty-one hole 2011 drill program, the third carried out by Solid, provided 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   Investor Relations
President & CEO   Dave Burwell
Solid Resources Ltd.   Toll Free: 1-888-221-0915
Ph: (780) 800-0726   Ph: (403) 410-7907
www.solidresources.com   Email: info@howardgroupinc.com
    www.howardgroupinc.com

 

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Solid Resources Ltd.

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