Solid Resources Finalizes The 2011 Drill Program At Doade-Presqueiras Rare Metals Project, Spain
VANCOUVER, Sept. 7, 2011 /CNW/ --
Results include: 11m averaging - 168 ppm Tantalum, 838 ppm Tin and 1.31%
Lithium Oxide
TSXV: SRW
OTCQX: SLDRF
FRANKFURT: YRS
VANCOUVER, Sept. 7, 2011 /CNW/ - Solid Resources Ltd. ('SOLID' or the
'Company') (TSXV: SRW) (OTCQX: SLDRF) (Frankfurt: YRS) is pleased to
provide the final assay results from an additional eight holes drilled
as part of the thirty-one hole 2011 drill program that has now been
finalized at the Company's 100% owned Doade-Presqueiras rare metals
project in North-western Spain, 25 km east of the port city of
Pontevedra.
All holes S0-11-24 through S0-11-29 correspond to the two most southern
areas of the 14 km long deposit (respectively called Rubillon and
Taboazas). This latest set of drill holes have again intersected
mineralized pegmatite dykes with consistent thicknesses of up to 11.5
m. Holes 26, 27, 28 and 29, which are in the most southern area of the
property - Taboazas, have returned average tantalum grades of up to 280
ppm, which is the highest current average resource grade reported in
the 2011 campaign.
Holes S0-11-30 and S0-11-31 correspond to the two additional holes that
were drilled in the Presqueiras (northern) area to determine the
continuity and extent of the high-grade mineralization found in hole
S0-11-12, located in the southeast of the Presqueiras. Drill hole
S0-11-30 is located 44 m from S0-11-12 while S0-11-31 is located 54 m
from S0-11-30. These results confirm the continuity of the
mineralization for a further 94m into an area of Presqueiras that was
previously not known to be mineralized. The extension of the
Presqueiras zone intersected mineralized pegmatite dykes with
thicknesses of up to 10.7 m, returning average tin grades of 848 ppm
and over 1% lithium.
_____________________________________________________________________
| DRILL | FROM | TO |LENGTH| Sn |Ta(2)O(5)|Nb(2)O(5)|Li(2)O| Rb |
| HOLE | (m) | (m) | (m) |(ppm)| (ppm) | (ppm) | (%) |(ppm)|
|________|______|______|______|_____|_________|_________|______|_____|
|SO-11-24|37.95 |42.50 | 4.55 | 719 | 63 | 77 |0.011 | 539 |
|________|______|______|______|_____|_________|_________|______|_____|
| | | | | | | | | |
|________|______|______|______|_____|_________|_________|______|_____|
|SO-11-25|26.75 |32.20 | 6.05 |1014 | 137 | 114 |0.033 | 713 |
|________|______|______|______|_____|_________|_________|______|_____|
| |74.10 |76.60 | 2.5 | 379 | 121 | 81 |0.014 | 501 |
|________|______|______|______|_____|_________|_________|______|_____|
| | | | | | | | | |
|________|______|______|______|_____|_________|_________|______|_____|
|SO-11-26|86.75 |89.50 | 2.75 | 607 | 178 | 131 | 0.34 | 902 |
|________|______|______|______|_____|_________|_________|______|_____|
| |112.65|123.65|11.00 | 838 | 168 | 129 | 1.31 |1278 |
|________|______|______|______|_____|_________|_________|______|_____|
| |132.80|138.75| 5.95 | 482 | 131 | 96 | 1.03 |1121 |
|________|______|______|______|_____|_________|_________|______|_____|
| |152.60|153.60| 1 | 456 | 73 | 120 |0.017 | 279 |
|________|______|______|______|_____|_________|_________|______|_____|
| |156.40|159.15| 2.75 | 321 | 72 | 85 | 0.53 | 665 |
|________|______|______|______|_____|_________|_________|______|_____|
| | | | | | | | | |
|________|______|______|______|_____|_________|_________|______|_____|
|SO-11-27|101.35|104.40| 3.05 | 603 | 105 | 119 |0.377 | 749 |
|________|______|______|______|_____|_________|_________|______|_____|
| |203.50|204.50| 1 | 501 | 219 | 92 |0.028 | 401 |
|________|______|______|______|_____|_________|_________|______|_____|
| |212.00|216.45| 4.45 | 536 | 219 | 121 |0.125 | 747 |
|________|______|______|______|_____|_________|_________|______|_____|
| |244.70|256.25|11.55 | 536 | 141 | 96 |1.194 | 909 |
|________|______|______|______|_____|_________|_________|______|_____|
| | | | | | | | | |
|________|______|______|______|_____|_________|_________|______|_____|
|SO-11-28|49.00 |50.45 | 1.45 |1210 | 256 | 191 | 0.03 | 413 |
|________|______|______|______|_____|_________|_________|______|_____|
| |66.80 |68.00 | 1.20 | 787 | 280 | 153 |0.023 | 498 |
|________|______|______|______|_____|_________|_________|______|_____|
| |73.50 |74.05 | 0.55 |2110 | 183 | 137 | 0.21 | 385 |
|________|______|______|______|_____|_________|_________|______|_____|
| | | | | | | | | |
|________|______|______|______|_____|_________|_________|______|_____|
|SO-11-29|49.30 |50.45 | 1.15 | 601 | 268 | 115 |0.014 | 313 |
|________|______|______|______|_____|_________|_________|______|_____|
| |88.20 |90.40 | 2.2 |1320 | 250 | 132 |0.274 | 460 |
|________|______|______|______|_____|_________|_________|______|_____|
| |92.30 |94.20 | 0.90 | 548 | 97 | 90 |0.054 | 492 |
|________|______|______|______|_____|_________|_________|______|_____|
| | | | | | | | |
|________|______|______|______|_____|_________|_________|____________|
|SO-11-30|71.65 |82.35 |10.70 | 848 | 114 | 107 |1.068 | 829 |
|________|______|______|______|_____|_________|_________|______|______|
| |86.60 |87.60 | 1.00 |1115 | 122 | 147 |0.024 | 477 |
|________|______|______|______|_____|_________|_________|______|______|
| | | | | | | | | |
|________|______|______|______|_____|_________|_________|______|______|
| | | | | | | | | |
|________|______|______|______|_____|_________|_________|______|______|
|SO-11-31|61.45 |63.00 | 1.55 | 892 | 85 | 82 |0.121 | 828 |
|________|______|______|______|_____|_________|_________|______|______|
| |63.40 |70.70 | 7.3 | 862 | 120 | 114 |0.697 | 1258 |
|________|______|______|______|_____|_________|_________|______|______|
Intercepts represent approximate true thickness
1 ppm= 1 g/t; 1% = 20 lbs.
Current prices of metals: Tin - $11.05/lb; Tantalum (Ta(2)O(5)) - $150/lb; Lithium (Li(2)O)- $2-3/lb;
Niobium (Nb(2)O(5)) - $21/lb
(Sept.6, 2011 - US $'s)
'The results of the 2011 drill program have proven to be very
encouraging for Solid Resources.', commented Greg Pendura, President
and CEO. 'The 2011 campaign reported intersects of mineralized
pegmatite dykes which were 50-100% greater than the 2003/2005 drill
programs, while demonstrating consistent mineralization throughout.
Based on the success of our drill program, the Company has immediate
plans to complete a NI 43-101 compliant resource estimate. The Company
will be announcing a complete summary of the 2011 drill program,
including our present plans to advance the project very shortly.'
The 3,364 m, thirty-one hole 2011 drill program, the third carried out
by Solid, provided 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/September2011/07/c8929.html
Solid Resources Ltd | The Howard Group Inc. | |
Greg Pendura | Investor Relations | |
President & CEO | Dave Burwell | |
Solid Resources Ltd. | Toll Free: 1-888-221-0915 | |
Ph: (780) 800-0726 | Ph: (403) 410-7907 | |
www.solidresources.com | Email: info@howardgroupinc.com | |
www.howardgroupinc.com |