Solid Extends High Grade Mineralized Zone at Doade-Presqueiras Rare Metals Project, Spain

Including 11.75m Averaging 999 ppm Tin, 124 ppm Tantalum and 1.15% Lithium Oxide

TSXV:              SRW
FRANKFURT:  YRS

VANCOUVER, June 9, 2011 /CNW/ - Solid Resources Ltd. ("SOLID" or the "Company") (TSXV: SRW) (Frankfurt: YRS) is pleased to provide assay results from an additional 4 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, 25 km east of the port city of Pontevedra.

Hole S0-11-04, which was previously pending is now included. The results of hole S0-11-12 deserves special recognition for two reasons: firstly because results like this are the best to date in the northern section of the property known as the Presqueiras area.  Secondly, these results come from a new extension of the mineralized zone, which were previously unknown, and now extend the drilling zone to a new area.  The Company had intended to drill just this one hole in this area but with the assay data received, two additional holes are being drilled surrounding hole SO-11-12. The results of the 11.75 m of mineralized pegmatite are listed below, which include 1m grades of more than 2 kg per tonne of tin, more than 2% of Li2O and 183 ppm Ta2O5.

Presqueiras S0-11-12

Dyke Width
(m)
Interval
(m)
Sample
(m)
Rock
type
Ta2O5
(ppm)
Sn
(ppm)
Li2O
(%)
Nb2O5
(ppm)
Rb
(ppm)
                   
    73.95-74.95 1 Pegmatite 36 289 0.78 31 842
    74.95-75.95 1 Pegmatite 73 417 1.38 54 1130
    75.95-76.95 1 Pegmatite 146 810 1.55 107 844
    76.95-77.95 1 Pegmatite 85 845 1.03 84 1190
MainDyke I 11.75 77.95-78.95 1 Pegmatite 122 807 1.88 92 946
    78.95-79.95 1 Pegmatite 146 1235 1.08 101 1220
    79.95-80.95 1 Pegmatite 158 1480 0.8 130 930
    80.95-81.95 1 Pegmatite 122 2350 1.3 125 1875
    81.95-82.95 1 Pegmatite 122 832 2.06 102 981
    82.95-83.95 1 Pegmatite 122 539 1.33 111 514
    83.95-84.95 1 Pegmatite 146 1100 0.31 115 454
    84.95-85.7 0.75 Pegmatite 183 1040 0.042 143 524

"Drill core S0-11-12 is a significant development for the northern zone of the Doade-Presqueiras property, because it illustrates that we can find new areas with high grades in all of the elements of economic interest as we move forward with our exploration." stated Greg Pendura, CEO and President.

Latest Reported Holes - June 9, 2011

DRILL HOLE FROM
(m)
TO
(m)
LENGTH
(m)
Sn
(ppm)
Ta2O5
(ppm)
Nb2O5
(ppm)
Li2O
(%)
Rb
(ppm)
SO-11-04 21.9 24.4 2.5 988 105 95 0.021 557
  50.60 53.80 3.2 586 73 86 0.054 789
  59.0 61.35 2.35 131 48 40 0.017 216
  71.60 81.90 10.3 496 63 74 0.038 780
                 
SO-11-11 30.9 31.6 0.7 565 207 150 0.008 420
  73.1 75.8 2.70 488 73 55 0.089 607
  78.35 88.1 9.75 781 97 83 0.020 701
                 
SO-11-12 73.95 85.7 11.75 999 124 101 1.15 974
                 
SO-11-13 65.85 66.20 0.35 648 158 98 0.040 408
  71.75 72.05 0.30 487 73 78 0.092 616
  73.40 73.95 0.55 348 122 100 0.023 262
  103.5 105.7 2.2 518 73 65 0.051 623
  125.5 132.60 7.1 781 78 76 0.273 864
                 

Intercepts represent approximately 90% true thickness
1 ppm= 1 g/t

Thirty-one 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. Previously reported assays from the 2011 Drill Program can be viewed on our website at www.solidresources.com.

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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