VANCOUVER, Sept. 10 /CNW/ - Solitaire Minerals Corp. (TSX-V: SLT) is
pleased to report that a drilling contract has been signed with Cyr Drilling
International to commence diamond drilling of uranium targets on its Riou Lake
Project within approximately two weeks time. Drilling had been delayed for the
past few months due to the unavailability of a suitable drilling rig.
The Riou Lake Project lies within the prolific Athabasca Basin of
northern Saskatchewan about 40 kilometers southwest of the settlement of Stony
As previously reported, the targets to be tested lie where the
intersection of faults believed to displace the Athabasca sandstone coincide
with strong soil gas hydrocarbon (SGH) geochemical anomalies. The SGH
anomalies were interpreted by Activation Laboratories Ltd. of Ancaster,
Ontario. The two main areas of interest were designated the Prime Target Area
and the Secondary Target Area on the Main Grid. Activation's report states,
"There is a very high probability of uranium targets at the primary and
secondary target areas shown at the main grid".
Jim Kermeen, M.Sc.,P.Eng., the Qualified Person for this release states,
"The SGH anomalies were selected by Activation without prior knowledge of the
detailed geology on the property; the fact that the two strongest anomalies
coincide within areas already deemed favourable based on structural geology
makes them very interesting drill targets".
Red Lake North Update
The planned eleven hole 3300m summer drill program is progressing
successfully, and is currently on the seventh hole. The eleven holes will be
drilled at four distinct target areas along the projected extension of a gold
bearing Sericite Schist trend as determined by Rubicon Minerals Corp., the
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.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
President and Director
The TSX Venture Exchange has not reviewed and 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