VANCOUVER, Aug. 14 /CNW/ - Solex Resources Corp. (TSX-V: SOX) ("Solex" or
the "Company") today announced that the metallurgical test facility,
previously announced on June 13, 2008, has arrived at its operating site in
The facility designed, built and to be operated by SGS Minerals
Metallurgical group, will test five tonnes of samples recovered on the
Company's wholly owned Macusani South project in the Macusani Uranium District
of Southern Peru. The first samples will be delivered this week to the
facility for sample preparation, assaying and loading. The objective of this
program is to demonstrate the viability of recovering uranium using a simple,
low cost, leach circuit.
"With our drill program underway and the test facility in place, we
remain on track to deliver metallurgical data by the end of this year," said
Jonathan Challis, President and CEO of Solex Resources.
The Macusani South Project is the most accessible of the Company's
100%-owned projects covering 4,700 hectares. The mineralisation is hosted by
ignimbrites of the Upper Yapamayo Member of the Quenamari Formation. Extensive
surface work on the property including a ground radiometric survey with line
spacing of 100 metres (and in specific areas, 50 metres) was completed by Val
d'Or Geophysica, complemented by extensive handheld scintilometer readings and
a widespread systematic and grid based trenching and pitting programme. A
total of 377 geochemical samples were taken with a maximum reported value of
0.272% U3O8. The identified uranium minerals include autunite, torbenite and
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 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. benchmark in quality and integrity. With more than 50,000 employees,
SGS operates a network of over 1,000 offices and laboratories around the
About Solex Resources Corp.
Solex Resources Corp. is the dominant landholder in southern Peru's
Macusani Uranium District with concessions covering over 904 km(2). In excess
of $11 million in exploration has been completed on the Company's Macusani
East joint ventured uranium project. The Company is also aggressively
exploring its three 100% owned Macusani uranium projects. A NI 43-101 report
has recently been filed on the Princesa silver, lead and zinc property and
further field work has been completed on the Pilunani lead and zinc project
with a report due in August.
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
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, V.P., Corporate Development,
Cell: (604) 512-9691, Toll Free: (877) 646-4488, Email:
firstname.lastname@example.org, Website: www.solexresources.com