Solid Expands Thickness and Continuity of Consistency of Mineralized Dykes at Doade-Presqueiras Rare Metals Project, Spain
VANCOUVER, May 16 /CNW/ --
TSXV: SRW
FRANKFURT: YRS
VANCOUVER, May 16 /CNW/ - Solid Resources Ltd. ('SOLID' or the 'Company') (TSX-V: SRW) (Frankfurt:
YRS) is pleased to provide assay results from an additional 6 holes
drilled as part of the Phase 3 program that is currently underway at
the Company's 100% owned Doade-Presqueiras rare metals project in
North-western Spain.
The thickness and number of mineralized pegmatite dykes intersected as
evidenced in the latest assay results, holes S0-11-05 through S0-11-10,
continues to expand the previously known mineralized dykes in this
northern zone. Holes 5, 6 and 7 report mineralized pegmatite
intersections at 5 different levels ranging in width from 1.1m to
9.85m.
'Based on these encouraging results and the discovery of new blind dykes
along with the continuity of the previously known dykes, the Company
will immediately be moving forward to construct a resource model for
both the north and south zones of the property.' stated Greg Pendura,
CEO and President.
Assayed Intervals
___________________________________________________________________
| DRILL | FROM | TO |LENGTH| Sn |Ta(2)O|Nb(2)O(5)|Li(2)O| Rb |
| HOLE | (m) | (m) | (m) |(ppm)| (5) | (ppm) | (%) |(ppm)|
| | | | | |(ppm) | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-01| 18.5 | 21.3 | 2.8 | 996 | 131 | 116 | 0.01 | 496 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 31.90 | 33 | 1.1 |1065 | 207 | 120 |<0.01 | 261 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-02| 39.1 | 50.1 | 11 | 761 | 174 | 132 | 0.07 | 911 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|S0-11-03| 36.95 | 41.95 | 5 | 690 | 78 | 67 | 0.34 | 978 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 48.2 | 51.2 | 3 | 709 | 118 | 103 | 0.87 | 610 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 54.2 | 64.35 |10.15 | 679 | 115 | 106 | 0.37 | 976 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-04|Results|Pending| | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-05| 13.45 | 14.80 | 1.45 | 666 | 109 | 100 | 0.03 | 313 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 51.20 | 57.00 | 5.8 | 464 | 61 | 60 | 0.19 |1323 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 66.20 | 71.55 | 5.35 | 680 | 80 | 80 | 0.23 |1001 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 73.35 | 78.30 | 5.95 | 464 | 58 | 88 | 0.13 | 552 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 81.40 | 88.35 | 6.95 | 650 | 76 | 95 | 0.78 | 744 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-06| 16.60 | 18.15 | 1.55 |1042 | 182 | 146 | 0.03 | 605 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 51.55 | 56.75 | 5.2 | 519 | 70 | 59 | 0.31 | 842 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 58.25 | 68.10 | 9.85 | 640 | 105 | 99 | 0.85 | 988 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 77.75 | 82.10 | 4.35 | 653 | 66 | 87 | 0.13 | 677 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 90.35 | 95.40 | 5.05 | 559 | 82 | 90 | 0.35 | 752 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-07| 28.15 | 30.20 | 2.05 | 895 | 115 | 106 | 0.05 | 623 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 63.80 | 69.90 | 6.1 | 770 | 105 | 90 | 0.67 |1306 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 71.10 | 75.80 | 4.7 | 899 | 87 | 92 | 0.44 | 852 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 94.40 | 95.50 | 1.1 |1575 | 97 | 101 | 0.02 | 346 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 99.05 |101.00 | 1.95 | 692 | 115 | 87 | 0.13 | 610 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-08| 50.90 | 58.50 | 7.6 | 997 | 166 | 126 | 0.41 | 983 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 66.00 | 72.50 | 6.5 | 734 | 134 | 107 | 0.66 |1003 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-09| 53.35 | 57.65 | 4.30 | 795 | 82 | 68 | 0.31 | 599 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 86.60 |102.20 |15.60 | 340 | 50 | 58 | 0.15 | 818 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | | | | | | | | |
|________|_______|_______|______|_____|______|_________|______|_____|
|SO-11-10| 30.60 | 34.95 | 4.35 | 811 | 88 | 85 | 0.11 | 680 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 45.60 | 52.85 | 7.25 | 394 | 77 | 58 | 0.66 | 740 |
|________|_______|_______|______|_____|______|_________|______|_____|
| | 74.50 | 80.80 | 6.30 | 367 | 54 | 73 | 1.1 | 661 |
|________|_______|_______|______|_____|______|_________|______|_____|
Intercepts represent approximately 90% true thickness
ppm=g/t
Twenty-nine holes will be drilled in the 2011 campaign, the third
carried out by Solid, which will assist the Company in verifying the
location and continuation of the mineralised pegmatite dykes.
Dr. Alfonso S. Gracia Plaza, Doctor of Science in Economic Geology, is
the Director of the ALBERTA-1 Project and supervises the Company's
exploration programme on the project. He is responsible for the
technical reporting in this news release and is the Company's
'Qualified Person' for the purpose of NI 43-101.
About Solid Resources:
Solid Resources is a Canadian junior mining company focusing on the
exploration and development of rare and precious metals and industrial
commodities worldwide. The Company is currently quantifying the
presence of tantalum, tin, lithium and other rare minerals on its
property in north-western Spain. In addition, further exploratory work
is being conducted on its gold, copper concession in the Province of
Ayabaca in northwest Perú.
Quality Control:
Assay results were provided by ALS Minerals in Vancouver using XRF and
ICP-MS. A complete description of the QA/QC can be referenced on the
news release issued May 2, 2011.
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, 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/16/c4868.html
Solid Resources Ltd | The Howard Group Inc. | |
Greg Pendura President & CEO Solid Resources Ltd. Ph: (780) 800-0726 www.solidresources.com | Investor Relations Dave Burwell Toll Free: 1-888-221-0915 Ph: (403) 410-7907 Email: info@howardgroupinc.com www.howardgroupinc.com |