Solitaire Minerals Corp. to Drill Sidace Lake Extension on the Red Lake North Property, Red Lake, Ontario



    VANCOUVER, Nov. 15 /CNW/ - Solitaire Minerals Corp. (TSX-V symbol: SLT)
and Rubicon Minerals Corp. (TSX-V symbol: RMX) have returned to drilling the
Red Lake North Property in Red Lake, Ontario. Rubicon Minerals Corp. is
currently operating a drill rig in the Sidace Lake area funded by Solitaire
Minerals Corp. A deep drill hole is being resumed to test for the down dip
extension of the Main Discovery Zone ('MDZ'), a gold zone controlled by
Goldcorp and Planet Exploration Inc. Solitaire will earn a 55% interest in the
Red Lake North project, which includes the Sidace area claims, by spending
$2.5 million.
    The Red Lake North property is located approximately 22 km northeast of
Red Lake, Ontario, in the prolific Red Lake Mining District. The property
consists of forty seven staked mining claims totaling 329 units (approximately
5264 Ha). The property is 30 minutes by logging road from the Town of Red
Lake, which is the business and government centre for the region. The area has
a rich mining history, with two active producing mines (the Campbell Complex
and Red Lake Complex), and has all the facilities and infrastructure required
to develop a new mining operation.
    The Red Lake North property is separated into two distinct packages of
ground. The larger of the two blocks is located on the northwest margin of the
Black Bear Intrusive. Geologically, the property is dominated by a package of
Balmer assemblage mafic and ultramafic volcanic rocks which are overlain by
altered intermediate sediments. The stratigraphic units are interpreted to be
upright and dipping at 60 to 70 degrees to the northwest. A series of
northwest trending, vertical to subvertical faults crosscut and offset
stratigraphy. This property is directly along strike from the recent 'Planet
Zone' gold discovery, currently being explored by Goldcorp/Planet (TSX-V
symbol: PXI). Based on historical drilling and geophysical interpretation on
this land package, the extension of gold bearing sericite schist stratigraphy
that is observed on the Planet Zone continues southwest onto the newly
acquired property. The prospective stratigraphy hosting the sericite schist
target horizon is interpreted to occur along the 12km strike length of the
property. All Seven holes drilled by Rubicon intersected the prospective
altered stratigraphy.
    The smaller of the two blocks is situated on the up-dip and down-dip
extensions of the recent Goldcorp/Planet gold discovery. Geologically, the
property is dominated by a package of Balmer assemblage mafic and ultramafic
volcanic rocks which are overlain by altered intermediate sediments. The
southeastern claim block is on the contact between the overlying Balmer
Assemblage volcanics and the Cat Island Pluton to southeast. Based on drilling
by RMX, the prospective gold bearing sericite schist horizon continues onto
the northwestern claim block, at depth. To date, only two holes have been
drilled on this claim block. Further drilling is required to test for the
continuity and controls of gold mineralization on the property.
    Terry Bursey, P.Geo, a qualified person under National instrument 43-101
will advance the Red Lake North project.

    About Solitaire Minerals Corp. Solitaire Minerals Corp. (TSX-V symbol:
SLT) is a diversified junior Canadian mineral exploration company with a
specific focus on mineral properties in North America. The Company has
assembled a portfolio of precious and base metal exploration prospects in
Ontario, Saskatchewan, Alberta, and the North West Territories. Solitaire's
Ontario properties in the Red Lake/Birch-Uchi Greenstone Belt include the
Baird, Heyson and Chukuni River Prospects, in which the Company has agreements
to earn 100% in, but has not yet vested its interest. In addition, the Company
has entered into an option agreement with another company, whereby that
company may earn up to a 75% interest in the Baird Property. The Company also
has an option to earn 100% in the Lateral Lake West property located in the
Webb township of Ontario. In Saskatchewan, the Company has signed a purchase
agreement to acquire a 100% interest in the Highrock Lake property and a 90%
interest in the Riou Lake Property located in the Athabasca Basin. The Company
has also acquired the Riou Lake North and South properties in which the
company has 100% interest. In Alberta, the Company has purchased the
Ravenscrag property in which the Company has 100% interest. In the North West
Territories, the Company has purchased the Mystery Island IOCG Property
located in the Great Bear Lake area in which the Company has 100% interest.
Also in the NWT, the Company acquired the Eldorado property located in the
Great Bear Lake area in which the Company has 100% interest.

    On Behalf of the Board of Directors
    SOLITAIRE MINERALS CORP.
    "Charles Desjardins"

    Charles Desjardins,
    President and Director

    The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. Statements in this press release other than
purely historical information, historical estimates should not be relied
upon,including statements relating to the Company's future plans and
objectives or expected results, are forward-looking statements. News release
contains certain "Forward-Looking Statements" within the meaning of Section
21E of the United States Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on numerous assumptions and are subject
to all of the risks and uncertainties inherent in the Company's business,
including risks inherent in resource exploration and development. As a result,
actual results may vary materially from those described in the forward-looking
statements.





For further information:

For further information: please contact Solitaire Minerals Corp. or
visit www.solitaireminerals.com

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