VERNON, BRITISH COLUMBIA--(Marketwire - Jan 28, 2013) - Solomon Resources Limited (TSX VENTURE:SRB) is pleased to report that it has received assay results from the preliminary geological reconnaissance of the Gipfizi Ridge tin and coltan (niobium-tantalum) target, located 20 kilometers north of the town of Gitarama, Republic of Rwanda.
Gipfizi Ridge is one of the five high priority follow-up areas identified in Solomon''s analysis of airborne geophysical data and geological mapping in the Rurembo Prospecting Licence area. This target includes a zone of active artisanal minesites identified in the inventory recently completed by the Company''s geological contractors.
The primary targets of the Rurembo Tin Project are Neo-Proterozoic pegmatites mineralized with cassiterite and columbite-tantalite (coltan). At Gipfizi Ridge, the pegmatite dykes occur in a sinuous belt extending 22 kilometers in length and are only exposed at surface at isolated intervals. The vertical extent of the pegmatites is not known as only the uppermost weathered portions have been investigated by artisanal mining.
Solomon''s President and CEO Randy Rogers noted: "Gipfizi Ridge is the first and most readily accessible of five regional targets we have identified in the Rurembo Licence area. Our investigation of the artisanal mining pits suggests a tin and coltan provenance in this target and the preliminary mapping and sampling was directed at establishing representative grades to guide our detailed exploration into the spring of 2013."
Solomon field crews under the supervision of Project Geologist Terry Coyle, M.Sc., P. Geo. obtained representative samples ranging in weight from 0.63 to 3.55 kilograms of highly weathered pegmatite dykes in this area of artisanal mining activity.
The assays were performed by Acme Laboratories, Vancouver, British Columbia, a certified analytical laboratory. Rock samples were crushed to 80% -10 mesh; a 250 gram sample was then split and pulverized to 85% -200 mesh. Two separate analyses were performed: Rare earth and refractory elements were determined by ICP-MS followed by a lithium metaborate, tetraborate fusion and nitric acid digestion of a 0.2 gram sample. In addition a separate 0.5g split was digested in aqua regia and analysed by ICP-MS to report the precious and base metals.
Blanks, duplicates and standards were inserted into the sample stream and all returned results within reasonable limits of error.
The sample results appear in Table I.
|Sample ID||mE||mN||Nb PPM||Sn PPM||Ta PPM||Sample ID||mE||mN||Nb PPM||Sn PPM||Ta PPM|
|Table I: Analytical results - Gipfizi Ridge: Niobium (Nb), Tin (Sn) and Tantalum (Ta) in parts per million (PPM)|
|All coordinates are in SUTM Zone 35 and WGS84 datum.|
Rogers observed: "The assay results from Gipfizi Ridge broadly outline a zone of mineralized pegmatites extending in a sinuous arc 2300 meters in length. There is a general correlation between elevated tin and niobium and or tantalum values as our preliminary investigation suggested. Tin values reported in this program of sampling ranged from 1 PPM to in excess of 10,000 PPM (or 1.00% Sn). Niobium values ranged from 0.7 PPM to 7398.6 PPM and tantalum values ranged from 0.4 PPM to 3956.1 PPM. The two samples that reported tin analyses in excess of detection limits (10,000 PM) will be reanalyzed using a sodium peroxide fusion technique for refractory ores, which will report tin assays in percentage values as determined by ICP emission spectrometry."
"We are very pleased with the encouraging results from the preliminary exploration of this first of five priority targets; the exploration challenge at Gipfizi Ridge moving forward will be to determine the continuity of mineralization across zones where our geophysical analysis indicates the pegmatite dykes may continue at depth and not be amenable to artisanal mining of the exposed and weathered outcrops."
To view Figures 1-3, please visit the following link: http://media3.marketwire.com/docs/solo128i.pdf.
Solomon has implemented quality assurance and quality control measures in its exploration programs.
Field work is conducted under the direct supervision of a Qualified Person. Data is accurately recorded in the field and all data points are located with respect to known reference points. The exploration process (including planning, mapping, sampling, sample preparation, sample security and analysis or testing) is carefully documented and accompanied by a detailed record setting out the procedures followed and the results obtained.
All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.
Our exploration procedures are developed to conform to current ''best practices'' in mineral exploration.
Randy Rogers, M.Sc., P.Geo. a "Qualified Person" for the purposes of National Instrument 43-101, Standards for Disclosure for Mineral Projects of the Canadian Securities Administrators, and the President and Chief Executive Officer of Solomon, has approved this release and verified the data herein disclosed by conducting field examinations of the Rurembo Licence Area, supervision of exploration contractors working in the field and a review of historical reports.
Forward Looking Statements:
Some of the statements in this news release may contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Solomon. Actual results may differ materially from those currently anticipated in such statements.
About Solomon Resources Ltd.:
Solomon Resources Ltd. is a Canadian public company focused on the acquisition, exploration and development of tin, niobium and tantalum projects in equatorial Africa. The recent acquisition of an option to acquire a 100% interest in the Rurembo Tin Project in the Republic of Rwanda is the first of a series of property acquisitions and new projects in this underexplored and highly prospective region which Solomon hopes to undertake. Solomon also holds legacy projects in the Yukon Territory, British Columbia and Alaska.
Solomon''s business model is that of a Project Generator. To build shareholder value, the Company intends to acquire highly prospective mineral tenures in stable jurisdictions with the objective of adding value through grassroots exploration and target refinement and then seeking option or joint venture partners through to production.
For those readers who are unable to view graphics on their news services, this news release complete with figures will be posted on the Company''s website.
For additional information visit Solomon''s website at www.solomonresources.ca.
- Investment & Company Information
Randall S. Rogers M.Sc., P.Geo.
President and Chief Executive Officer