Solitaire Minerals Corp. Has Contracted Consul-Teck to Work on Its Windfall Lake Land Package Located in Quebec
April 05 2011 - 4:25PM
Marketwired
Solitaire Minerals Corp. (TSX VENTURE: SLT) (Solitaire) has
contracted Consul-Teck out of Val d'or, Quebec to review the
historical data on its Windfall Lake Land Package and to prepare an
extensive work program.
To review Solitaire's current Land position in the Windfall lake
area visit the following link:
http://www.solitaireminerals.com/pdf/exploration/windfall_map.pdf.
Solitaire's property is 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.
To review BonTerra's most recent announcements visit the
following link: www.bonterraresources.com.
To review Eagle Hill's most recent announcements visit the
following link: http://www.eaglehillexploration.com/.
Mike Magrum, P.Eng., a qualified person under National
Instrument 43-101, has approved the technical content of this news
release.
Solitaire Announces Private Placement
Solitaire has arranged a non-brokered private placement of up to
10,500,000 units at a price of $0.05 per unit for total proceeds of
up to $525,000 subject to the approval of the TSX Venture
Exchange.
Up to 5,000,000 units will be issued as non flow-through units
consisting of one common share and one full warrant. One full
warrant will entitle the holder to purchase one additional common
share of the Company at a price of $0.10 per share in the first
year, $0.12 per share in the second year, and $0.15 per share in
the third year.
Up to 5,500,000 units will be issued as flow-through units
consisting of one common share and one half (1/2) share purchase
warrant, one full warrant will entitle the holder to purchase one
additional common share of the Company at a price of $0.10 per
share in the first year, $0.12 per share in the second year, and
$0.15 per share in the third year.
The proceeds of the private placement will be used for
exploration work on the Company's mineral properties and general
working capital. Finder's fees, as allowed pursuant to the policies
of the TSX Venture Exchange, may be payable in connection with the
offering.
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.
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.
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.
Contacts: Solitaire Minerals Corp. Charles Desjardins President
and Director 604-683-5445 604-687-9631 (FAX)
info@solitaireminerals.com www.solitaireminerals.com
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