Solid Resources Ltd. (SLDRF: OTC Link) | Solid Resources Finalizes The 2011 Drill Program At Doade-Presqueiras Rare Metals Project, Spain

Solid Resources Finalizes The 2011 Drill Program At Doade-Presqueiras Rare Metals Project, Spain

Sep 07, 2011

OTC Disclosure News Service

Vancouver, BC, Canada –

For Immediate Release                                                                                              September 7, 2011

                                                                                                                  

Solid Resources Finalizes The 2011 Drill Program At Doade-Presqueiras Rare Metals Project, Spain

Results include: 11m averaging – 168 ppm Tantalum, 838 ppm Tin and 1.31% Lithium Oxide

 

Solid Resources Ltd. (“SOLID” or the”Company”) (TSX-V: SRW) (OTCQX: SLDRF) (Frankfurt: YRS) is pleased toprovide the final assay results from an additional eight holes drilled as partof the thirty-one hole 2011 drill program that has now been finalized at theCompany’s 100% owned Doade-Presqueiras rare metals project in North-westernSpain, 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. Holes26, 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 thetwo additional holes that were drilled in the Presqueiras (northern) area todetermine the continuity and extent of the high-grade mineralization found inhole S0-11-12, located in the southeast of the Presqueiras. Drill hole S0-11-30is 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 94minto an area of Presqueiras that was previously not known to be mineralized.  The extension of the Presqueiras zoneintersected mineralized pegmatite dykes with thicknesses of up to 10.7 m,returning average tin grades of 848 ppm and over 1% lithium. 

DRILL HOLE

FROM

(m)

TO

(m

LENGTH

(m)

Sn

(ppm

Ta2O5

(ppm)

Nb2O5

(ppm)

Li2O

(%)

Rb

(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

                                                             Intercepts represent approximate true thickness 

                                                                              1ppm= 1 g/t; 1% = 20 lbs.

                           Current prices of metals: Tin – $11.05/lb; Tantalum (Ta2O5)- $150/lb;                     Lithium (Li2O)- $2-3/lb; Niobium (Nb2O5)- $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 whichwere 50-100% greater than the 2003/2005 drill programs, while demonstrating consistent mineralization throughout. Based on the success of our drillprogram, the Company has immediate plans to complete a NI 43-101 compliant resource estimate. The Company will be announcing a complete summary of the2011 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 EconomicGeology, is the Director of the ALBERTA-1 Project and supervises the Company’s exploration programme on the project. Heis responsible for the technical reporting in this news release and is theCompany’s “Qualified Person” for the purpose of NI 43-101.

 

About Solid Resources:

SolidResources is a Canadian junior mining company focusing on the exploration anddevelopment of rare and precious metals and industrial commoditiesworldwide. The Company is currently quantifying the presence of tantalum,tin, lithium and other rare minerals on its property in north-westernSpain. In addition, further exploratory work is being conducted on itsgold, copper concession in the Province of Ayabaca in northwest Perú.

Forfurther information contact:

 

Quality Control:

Assay results were provided by ALS Minerals in Vancouver using XRFand ICP-MS. A complete description of the QA/QC can be referenced on thenews release issued May 2, 2011. 

Certainstatements contained in this press release, including statements which arerelated to exploration activity and future prospects and profitability andwhich may contain words such as “could”, “should”,”expect”, “believe”, “will” and similarexpressions and statements relating to matters that are not historical factsare forward-looking statements. Such forward-looking statements involve knownand unknown risks and uncertainties which may cause the actual results,performances and/or achievements of Solid to be materially different from anyfuture results, performances or achievements expressed or implied by suchforward-looking statements. Such factors include fluctuations in the marketconditions and prices of tantalum, lithium, tin, and other metals and relatedproducts and services; competition; political and economic conditions incountries in which Solid does business; changes in laws and regulations,including environmental regulations, to which Solid is subject, and otherfactors which are described in further detail in Solid’s filings with theCanadian Securities Regulators.

 

Neitherthe TSX Venture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accuracy of this release.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/SLDRF/news?id=35314

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