Solid Expands Thickness and Continuity of Consistency of Mineralized Dykes at Doade-Presqueiras Rare Metals Project, Spain
May 16, 2011
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 HOLE |
FROM (m) |
TO (m) |
LENGTH (m) |
Sn (ppm) |
Ta2O5 (ppm) |
Nb2O5 (ppm) |
Li2O (%) |
Rb (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.