VANCOUVER, June 13 /CNW/ - Solex Resources Corp. (TSX-V: SOX) ("Solex" or
the "Company") today announced that the Company has signed an agreement with
SGS Minerals Metallurgical group for the design, permitting and operation of a
5 tonne mobile leach test facility that will be used initially to test the
sample recovered on the Company's wholly owned Macusani South project in the
Macusani Uranium District of Southern Peru. The plant, which will be housed
within two standard shipping containers, is currently under construction and
will be tested prior to transport to the proposed test location.
"This agreement is a critical step in advancing the Macusani South
property in which we can demonstrate, on a larger scale, the viability of the
recovery of uranium in a simple leach circuit," said Jonathan Challis,
President and CEO of Solex Resources Corp. "Our goal is to have the facility
operational by the end of July and metallurgical data by the end of the year."
The Company uses the laboratories of SGS and CIMM Peru S.A., both
internationally accredited laboratories and located in Lima, Peru to analyse
its samples, both having a sample preparation facility in Juliaca, close to
the project site.
About SGS Minerals
SGS Minerals Services, part of the SGS Group, a global leader and
innovator in inspection, verification, testing and certification services.
Founded in 1878, SGS is recognised as the global benchmark in quality and
integrity. With more than 50,000 employees, SGS operates a network of over
1,000 offices and laboratories around the world. With metallurgical,
analytical, mineralogical and environmental technical expertise SGS Minerals
is the global leader in testing, consulting and on-site services for the
mining and minerals sector.
About Solex Resources Corp.
Solex Resources Corp. is the dominant landholder in southern Peru's
Macusani Uranium District with concessions covering over 904 km2 hosting at
least 50 near-surface anomalies. The Macusani East Project (47,820 hectares)
is in a 50/50 joint venture with Frontier Pacific Mining Corporation and Solex
holds 100% of the remaining 42,500 hectares in the Macusani South, Macusani
South Central and Macusani West projects. The company also controls 1,800
hectares of additional uranium concessions and 14,500 hectares of precious and
base metals concessions in properties located 80 km southeast of the Macusani
In 2008, a $5.5-million exploration program is planned on the Company's
Macusani East joint ventured uranium project along with an initial National
Instrument 43-101 report. The Company is also aggressively exploring its three
100% owned Macusani uranium projects.
The TSX Venture Exchange (the "Exchange") has not reviewed and does not
accept responsibility for the accuracy or adequacy of this news release. The
Exchange has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release.
This news release may contain forward-looking statements that are based
on Solex's expectations, estimates and projections regarding its business and
the economic environment in which it operates. These statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to control or predict. Therefore, actual outcomes and results may
differ materially from those expressed in these forward-looking statements and
readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or the
occurrence of future events or circumstances, unless otherwise required to do
so by law.
For further information:
For further information: Deborah Thiel, VP Corporate Development, Cell:
(604) 512-9691, Toll Free: (877) 646-4488, Email: firstname.lastname@example.org,
Website: www.solexresources.com; Joanna Longo, Investor Relations, (416)
815-0700 ext. 233, email@example.com