|By Marketwire .||
|January 21, 2013 09:30 AM EST||
VERNON, BRITISH COLUMBIA -- (Marketwire) -- 01/21/13 -- Solomon Resources Limited (TSX VENTURE:SRB) is pleased to report that its Rwandan exploration crews have started preliminary exploration 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 the regional scale more than 130 large pegmatite dykes have been mapped to date but this mapping reflects only a small portion of the inter-massif area of the Rurembo Licence Area in which a far greater number of unmapped pegmatites are thought to exist. The pegmatites identified to date appear to occupy regional structural breaks sub-parallel to the East Africa Rift, with thickness ranging from several centimeters to 30 meters and lengths ranging from 10 meters up to 2400 meters. 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 a particularly attractive exploration target at this stage of our evaluation of the Rurembo Prospecting Licence. We have identified compelling airborne geophysical anomalies encompassing an area of known artisanal tin and coltan production and significant extensions of those anomalies over a sinuous belt extending 22 kilometers in length suggest that the mineralized pegmatites may continue well beyond the limited surface exposures accessible to the artisanal miners."
Solomon field crews have established a field office in the rural area north of Gitarama and hired local labourers to excavate test pits under the direct supervision of geological contractors. Representative samples have been obtained from exposures of pegmatite dykes in this area and bulk samples of alluvial and eluvial material have been concentrated in the field to assess the previously unexplored placer potential of the ground adjacent to the mineralized dykes.
To view Figures 1-3, please visit the following link: http://media3.marketwire.com/docs/srb-0121-figs1-3a.pdf.
Rogers observed: "The tin and coltan placer potential of this area has not previously been examined. Our preliminary indications from field concentration of alluvial and eluvial material taken from test pits located some distance downhill from known mineralized pegmatites suggest that heavy minerals such as cassiterite and coltan have been transported and re-deposited some distance from bedrock source. In addition to the conventional exploration potential of the pegmatite dykes themselves there may be a secondary concentration of minerals in adjacent placer zones that bears closer examination."
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, subject to stock exchange approval, 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.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accept responsibility for the adequacy or accuracy of this release.
Solomon Resources Limited
Randall S. Rogers M.Sc., P.Geo.
President and Chief Executive Officer
(778) 475-5551 or (866) 831-6666
(778) 475-5541 (FAX)