Solomon Stakes Additional Pacer Claims in Southwest Yukon; Exploration Crews Mobilize to Outpost Claim Group
August 08 2011 - 8:30AM
Marketwired
Solomon Resources Limited (TSX VENTURE: SRB) is pleased to report
that it has acquired by staking a further 24 mineral claims on the
northeastern margin of the Pacer Claim Group located in the
Whitehorse Mining District of the Yukon Territory. Solomon's Pacer
Claim Group now comprises 236 claims covering an area of 4,933
hectares.
The Pacer Claim Group is located approximately five kilometers
west of the town of Haines Junction in the Front Ranges of the
Kluane Mountains. The claims cover an historical gold occurrence
and highly prospective epithermal gold and nickel-copper-platinum
targets indicated by regional stream geochemical (RGS) surveys and
airborne geophysics as well as preliminary surface exploration
conducted by Solomon in September of 2010. The Pacer Claims are
located in a poorly explored belt extending 100 kilometers
northwest from Haines Junction to the Wellgreen PGE-Nickel-Copper
Project of Prophecy Platinum Corp.
The Pacer showing was originally staked in 1966 by Golden Gate
Exploration and optioned to Noranda Exploration Company Limited.
Gold was reported to occur with pyrrhotite and chalcopyrite in a
quartz-carbonate stockwork cutting rusty siliceous argillite in the
hanging wall of a serpentinized gabbro-peridotite sill 150 meters
thick and at least 4000 meters long. A specimen from the main
showing assayed 19.7 grams per tonne (g/t) Gold (Au) and a nearby
quartz-sericite vein returned 2.5% Copper (Cu) and 1.5 g/t Au. High
grade copper float was found in foliated greenstone boulders in
what is locally known as Thunderegg Creek downstream of the Golden
Gate showing.
Noranda identified a gold-in-soil geochemical anomaly 1500
meters long and 20 meters wide with values up to 1270 parts per
billion (ppb) Au extending north from the original Golden Gate
showing. Rock samples taken from outcrop away from the main showing
assayed as high as 3.1 g/t Au.
Solomon's President and CEO Randy Rogers notes: "We have seen a
tremendous increase in claim staking activity in the Kluane Front
Ranges this summer, and competitors had staking crews working on
the northwestern boundary of the Pacer Claim Group last week."
The Alaska Highway runs parallel to and within two kilometers of
the northeastern boundary of the Placer Claim Group. A four wheel
drive road extends from Bear Creek on the Alaska Highway along the
Alsek River valley and Thunderegg Creek to the southern portion of
the property.
To view accompanying map and photo, visit the following link:
http://media3.marketwire.com/docs/LocationMapandPhoto.pdf
Solomon will mobilize an exploration crew to the Pacer property
on August 9th, 2011. Exploration will be based out of Haines
Junction. Stream sediment sampling will be used early in the season
to corroborate historical company and RGS anomalies; prospecting
and mapping traverses on the existing claim group and two new
targets will narrow down areas for detailed followup. The 2011
program also contemplates the acquisition of 400 soil geochemical
samples.
In other exploration news, Rogers noted: "Our field crews
mobilized to the Outpost Claim Group on August 2nd, 2011 and have
established a camp on the southern portion of the property.
Geological mapping, soil and stream sediment geochemical surveys
are planned for the early stage exploration of this target. The
Outpost Claim Group is located 25 kilometers northwest of the Pacer
Claim Group in a compellingly similar geological environment that
extends northwesterly along the Kluane Front Ranges to the
Wellgreen Property."
QA/QC:
Solomon has implemented quality assurance and quality control
measures in its exploration programs, including the following:
-- All field and data analysis work is carried out under the supervision of
qualified Solomon geologists and geophysicists in accordance with
procedures developed to conform to current 'best practices' in mineral
exploration.
-- Analytical work for this project is conducted by Acme Analytical
Laboratories (Vancouver) Ltd., and ALS Canada Ltd. (Whitehorse) - both
certified analytical laboratories.
-- In addition to internal checks and standards provided by the labs,
Solomon includes blind duplicate and blank samples. All analytical
sample checks and standards are within reasonable limits of error.
Qualified Person:
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 verified
the data disclosed herein, reviewed the records of previous owners
and operators of the Pacer Claim Group and approved the disclosure
contained in this news release.
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 quality mineral
properties worldwide. Solomon is managed by a proven team of
exploration geologists involved with the discovery and development
of a number of significant mineral deposits including the Snip and
Eskay Creek deposits in British Columbia and the Brewery Creek
deposit in the Yukon Territory.
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.
The Project Generator model is particularly suited to the
Company's ongoing interest in the Yukon Territory where Solomon has
a wealth of intellectual capital and experience.
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accept responsibility for the
adequacy or accuracy of this release.
Contacts: Solomon Resources Ltd. Randall S. Rogers, M.Sc.,
P.Geo. President and Chief Executive Officer (778) 475-5551 (778)
475-5541 (FAX) www.solomonresources.ca
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