VANCOUVER, Sept. 11 /CNW/ - Solex Resources Corp. (TSX-V: SOX) ("Solex"
or the "Company") today announced that they have received technical data from
Eldorado Gold Corporation ("Eldorado") on its Macusani East Joint Ventured
project ("the Project"). This information was received on September 5, 2008
and includes data that has not previously been released to Solex. All new data
received from Eldorado will be verified by Solex's Qualified Person prior to
Solex has contracted ACA Howe International Limited ("Howe"), an
international geological and mining consulting firm, to provide analysis of
the data and a thorough re-evaluation of all work conducted by Frontier
Pacific during the years of 2006, 2007 and 2008. Howe will test the
sufficiency of this work to support a NI43-101 Inferred Resource Estimate for
the Macusani East project. Howe will also be responsible for providing
recommendations for future development programs of this region.
About the Macusani East Project
The Macusani East project is joint-ventured with Eldorado Gold
Corporation. The Project contains 53 known uranium anomalies discovered in the
1970s by the Peruvian Institute of Nuclear Energy (IPEN) and consists of
72 concessions covering 47,820 hectares. On April 21, 2005, Solex entered into
a joint venture agreement with Frontier in which Frontier had the right to
earn a 50% interest in the project by spending US$4-million over five years as
the operator. Frontier fulfilled its obligations in just over two years and
subsequent to the acquisition of Frontier by Eldorado in 2008, Eldorado is now
a 50/50 partner on the project.
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 2008, a
$5.5-million exploration program is being carried out 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 shortly.
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:
email@example.com, Website: www.solexresources.com