Solitaire Minerals Corp. Options a Portion of Its Windfall Lake Land Position Located in Quebec, Canada to Geo Minerals Ltd.
November 15 2010 - 11:27AM
Marketwired Canada
Solitaire Minerals Corp. (TSX VENTURE:SLT) (Solitaire) has entered into an
option agreement with Geo Minerals Ltd. (TSX-V symbol: GM) on Solitaire's most
northerly Windfall Lake property located in northwestern Quebec, Canada. This
option includes Solitaire's most recently staked ground announced November 12th
2010 making the complete land package approximately 2,200 acres to the south of
BonTerra Resources Inc.'s (BonTerra) Eastern Extension property. BonTerra is in
the midst of a successful drilling program with many notable gold intercepts
over significant intervals. To view BonTerra's most recent announcements visit
www.bonterraresources.com.
Geo Minerals can earn a 60% interest in property located along the southwest
trend of Eagle Hill Exploration Corp.'s Windfall Lake project and BonTerra
Resources Inc.'s Eastern Extension property. Eagle Hill's Windfall Lake property
hosts high-grade gold veins and has potential for wide mineralized zones of gold
mineralization which has underground and near-surface bulk mining potential.
For Geo Minerals to earn a 60% interest in this land package they must pay to
Solitaire $120,000 cash, issue 1,250,000 shares and cause expenditures of
$1,750,000 over a 3 year period.
Mike Magrum, P.Eng., a qualified person under National Instrument 43-101, has
approved the technical content of this news release.
About Solitaire Minerals Corp. (TSX VENTURE:SLT) is a diversified Junior
Canadian Mineral Exploration Company with a specific focus on precious and base
metal properties in North America. In addition, the Company intends to acquire
Metallurgical coal leases.
For additional information please contact Solitaire Minerals Corp. or visit
www.solitaireminerals.com.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
Charles Desjardins, President and Director
Cautionary note:
This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. By
their nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to US investors: The U.S.
Securities and Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual production
or formation tests and can be shown to be economically and legally producible
under existing economic and operating conditions.
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