EDMONTON, March 8 /CNW/ - Solid Resources Ltd. ("Solid" or the
"Corporation") is pleased to announce that it has received a report from John
Goodwin, P Geo., on the detailed ground follow-up during July and August, 2006
of EM anomalies selected by Dr. Buhlmann, P Geo. and Philip Robertshaw, P.
Geo., from the Fugro Airborne Surveys Corp. "Resolve" aeromagnetic survey
which was flown in March, 2005.
Twenty EM targets were selected for detailed follow-up based on geology,
conductivity and magnetic association in various locations on the property.
These targets were prospected and sampled (soil/bedrock where possible) when
traversed by detailed geophysics using a Geonics GSM-19 Overhauser
Nine potential kimberlite targets were also proposed from the airborne
survey but most interesting results were from a cluster of anomalous diatreme
indicator minerals identified in esker material sampled immediately west of a
small pond 200 meters north from the north shore of C Lake. Indicator minerals
recovered included a G 11 garnet, chrome diopside, high manganese almandine-in
the garnet family, with ortho- and clinpyroxenes. The G 11 garnets have been
found in other kimberlite targets as well as in the Snap Lake deposit.
Detailed geology, prospecting and sampling needs to be carried out in the area
and the results interpreted by kimberlite experts.
An ultramafic horizon has been identified at the north end of Kryon Lake
by Lambert (1988) with potential for PGE (Platinum Group Metals) (PGE 1 & PGE
2, identified by Buhlmann and Robertshaw, 2005) and remains to be examined and
sampled in detail for Kambalda-style kamatiite-hosted nickel sulphide
C Zone continues to be a very encouraging gold target with very
encouraging gold intersections in DDH CZ99-02, CZ00-03 and CZ00-06 (Jankovic,
2006) as follows:
DDH CZ99-02: 241.5 to 260.2/17.2 m 8,875 ppb Au
DDH CZ00-03: 206.6 to 212.7/3.3 m 3,870 ppb Au
DDH CZ00-06: 256.75 to 268.04/6.45 m 12,299 ppb Au
There was a total of 8.3 m of favourable rock that was not split and
Because the disseminated sulphide horizons found on the property, as well
as the M Zone, gave a very weak airborne EM response, it is recommended that
an east-west grid be re-cut across the eastern portion of the property to
cover the C-, D-, R-, and W Zones and survey with deep penetration IP surveys
which responds well to disseminated sulphides. This will be followed up with
detailed geology and sampling in target areas in the summer of 2007 and
diamond drilling where warranted.
Mr. John Goodwin, P. Geo., is a qualified person with NI 43-101 and has
verified that the technical data presented in this news release is accurately
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.
The TSX Venture Exchange has not reviewed this release and does not
accept responsibility for the adequacy or the accuracy of this release.
For further information:
For further information: Garnet Harter, Interim President, (780)
416-7525, firstname.lastname@example.org; Harry McKinders, Director of Investor
Relations, (780) 940-1030, email@example.com