Solid Announces Results of Report on Alberta 1 (Doade-Presqueira) Property in
Spain

EDMONTON, March 10 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company") (TSX Venture: SRW) (Frankfurt: A0BLQQ) announced today the results of a National Instrument (NI) 43-101 qualifying report (the "NI 43-101 report") prepared by John R. Goodwin MSc, P.Geol, of Edmonton, Alberta relating to the Alberta 1 (Doade-Presqueira) concession in Spain. Mr. Goodwin is a consultant to the Company and is a qualified person under NI 43-101. This report will be filed on SEDAR at www.sedar.com within seven days of this release.

This property was historically classified as a Tin deposit however exploration activities from 2000 to 2005 by Solid Resources have confirmed encouraging assays for Lithium, Tantalum, Cesium, Rubidium as well as Tin.

Mineralization within the pegmatites consists of significant quantities of Lithium, Tantalum, Tin, Niobium, Rubidium, and Cesium. The surrounding schist also contains significant quantities of Lithium, Rubidium and Cesium. The mineralized pegmatites are located in a northerly trending belt approximately 0.6 km wide and 15 km in length.

A summary of the two drill programs completed on the Alberta 1 (Doade-Presqueira) property is as follows. During the period February through May, 2003 a scout diamond drilling program consisting of 10 holes was conducted. Results are presented in the January, 2004 technical report and in news releases.

Average assay results from drill holes S0-03-4, S0-03-5 and S0-03-6 in the southern portion of the property returned the following results. The sample width of the dyke and host schist material was approximately one meter ranging up to 10.8 meters.

    
    Lithium    - 3,329 g/t
    Rubidium   - 1,250 g/t
    Tantalum   - 267 g/t
    Tin        - 924 g/t
    

In 2003 the Company recognized that significant quantities of the metal Rubidium occur along with Lithium, Tantalum, Niobium and Tin in the mineralization on the Doade-Presqueira. Twenty three drill core samples that assayed high in Lithium were analyzed for Rubidium and results show quantities varying between 500 and 2600 grams per tonne Rubidium in samples selected. The average of these samples is 1088.1 grams per tonne. Rubidium is used for medical applications to assist in locating brain tumors and to treat breast cancer. It is also used in electronic devices such as cathode ray tubs, vacuum tubes and photo cells and contributes in the production of special glasses and atomic clocks.

The assay results for Lithium and Rubidium are as follows:

    
                           Doade-Presqueira Project
                           ------------------------
         Rubidium content of selected core samples with high Lithium
         -----------------------------------------------------------

                                                     Lithium        Rubidium
     Hole No.       Sample No.       Geology           ppm             ppm
    -----------  ---------------  -------------  --------------  ------------

                        5             Schist          1480.7          1010.3
    SO - 03 - 3         7           PEGMATITE         7036.3           642.9
                        8           PEGMATITE         4774.5           788.5
                       10             Schist          2747.8          2258.2

                       11           PEGMATITE           9141           871.4
                       12           PEGMATITE           4426          1269.6
    SO - 03 - 5        14           PEGMATITE           7189          1100.5
                       15           PEGMATITE           7127           729.8
                       28             Schist          1919.9          1880.7
                       31             Schist          1320.2           964.9

                        7           PEGMATITE                         1452.4
                       16             Schist            1584          2586.1
    SO - 03 - 6        24           PEGMATITE           8166           787.3
                       29           PEGMATITE           8202           912.0
                       31             Schist            1331          1086.8

                        8             Schist            1302           463.9
                        9             Schist            1809          1075.0
    SO - 03 - 7        13             Schist            2047           990.6
                       17           PEGMATITE           4432          1467.4
                       23           PEGMATITE           5414           707.5
                       25           PEGMATITE         13,594           851.9

    SO - 03 - 8         1             Schist             948           613.5
                        9             Schist            1186           515.9
    

The sample width of the dyke and host schist material was approximately one meter.

*PPM (parts per million) and Grams per tone (g/t) are the same.

During the second quarter of 2005, an additional delineation drill program of seven holes was carried out in the Presqueria area of the property. The Presqueria area hosts a 13 meter thick sill form pegmatite amenable to open pit extraction containing approximately one million tons. The average assays from eleven drill holes in 2003 and 2005 of the dyke material returned the following results:

    
    Lithium    - 3700 g/t with highs of over 10,000 g/t
    Tantalum   - 79 g/t with highs of 177 g/t
    Rubidium   - 704 g/t with highs of 1,000 g/t
    Tin        - 491 g/t with highs of 1,141 g/t
    

The sample width of the dyke and host schist material was approximately one meter over a 13 meter sill-form pegmatite dyke.

Assays of over 1000 g/t Lithium and 400 g/t Cesium are reported from the hanging wall/foot wall contact zone in the two-mica schist.

Management believes that these assay results from the two drill programs provide evidence of significant tonnages of mineralization and economic grades of the various metals. In particular, the results are considered significant for Lithium which is used in the battery market and other technological applications.

The Report recommends that the Company undertake a 34 hole drill program on the Alberta 1 (Doade-Presqueira) concession in the spring of 2010. The estimated cost of the drill program is $1 million Canadian. This drill program will be intended to further delineate the sill form pegmatite and the mineralized host schist and provide drill indicated grade and tonnage leading, subject to positive results of the program, to a bulk sampling program and a scoping study.

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.

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: For further information: Mr. Garnet Harter, Tel: (780) 416-7525, gharter@solidresources.com

Organization Profile

Solid Resources Ltd.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890