Solitaire Minerals Corp. Conducting Mag-VLF and IP Surveys at the Windfall Lake Land Package, Quebec
September 20 2011 - 8:00AM
Marketwired
Solitaire Minerals Corp. (TSX VENTURE: SLT) (Solitaire) reports
that it has completed 133km of line cutting on the Windfall Lake
property and is currently conducting a Magnetometer (Mag) - Very
Low Frequency (VLF) and an Induced Polarity (IP) Survey.
Solitaire also reports that it has acquired the Greenstone
property as a result of the analysis of all technical data
collected from its previous exploration work in the area. The
Greenstone property encompasses 500 hectares and is now included
within the Windfall Lake Land Package.
Solitaires property is located along the southwest trend of
Eagle Hill Exploration Corp.'s Windfall Lake property 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.
Pursuant to the terms of the option agreement, Solitaire will
pay a cumulative amount of $25,000 cash and issue 900,000 common
shares over a three year period. The Greenstone property is subject
to a 2.0% Net Smelter Royalty ("NSR"). Solitaire shall have an
option to purchase 1% of the NSR for the sum of $1,000,000 at any
time up to when a production decision is made. The terms of the
agreement are subject to regulatory approval of the TSX Venture
Exchange.
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.
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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