July 6, 2009: Solitaire Minerals Corp. (TSX-V symbol: SLT) (Solitaire) is pleased to announce that Blocks C4, C5, and C6 are contiguous with Denison Mines Corp. (Denison) recently announced "Phoenix" discovery zone. The "Phoenix" discovery zone located approximately 1km south of Solitaire's Block C6 Project host a six meter intercept of massive pitchblend showing a grade of 55% U3O8 in WR-273 with other significant intercepts of note in WR-274 (3.0 meter interval of 16.9% U3O8) and WR-272 (2.1 meter interval of 6.75% U3O8) all at depths of approximately 400 meters. This is the first time intense alteration of this type has been encountered in the basement rocks along the Phoenix mineralized trend (Refer to the June 30, 2009 release by Denison Mines Corp.).
Solitaire's Blocks C4, C5 and C6 are contiguous with the south-western and north-western edges of the Denison property. Block C3, which has been optioned to Delta Uranium Inc. (Delta), also lies along strike with, and within approximately 15km of, the Denison Wheeler River property directly to the south-west. All Blocks (C3-6) lie within the same NE-SW trending magnetic lows, characteristic of the Wollaston Domain metasedimentary/metapelltic basement and considered prospective for unconformity and basement hosted uranium deposits. All Blocks were flown with VTEM in 2007 and interpreted by Condor Consulting. All four Blocks exhibited "Priority 1" EM anomalies and are recommended for further work by Condor. For a geophysical map of the area indicating the location of Blocks C1-6 in relation to the Denison "Phoenix" discovery zone please visit the following link http://www/solitaireminerals.com/projects/cdblocks/
Wayne Isaacs, Chairman & CEO of Delta stated "We intend to immediately commence work on this property (Block C3) as management believes that it can be developed into a valuable asset."(Please refer to the May 27, 2009 release by Delta Uranium Inc.).
Solitaire has recently presented information packages for the D Blocks and C Blocks to Companies for possible Joint Venture opportunities.
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-V symbol: SLT) is a diversified Junior Canadian Mineral Exploration Company with a specific focus on mineral properties in North and South America. The Company has assembled a portfolio of precious and base metal exploration prospects in Ontario, Saskatchewan, the North West Territories, Quebec, and in southern Peru. Solitaire's Red Lake, Ontario properties include the Chukuni project, in which the Company has earned a 100% interest. In addition, Solitaire has entered into an option agreement with Rubicon Minerals Corp., whereby the Company may earn up to a 55% interest in the Red Lake North property. Also in Ontario, Solitaire has an option to earn a 100% interest in the Lateral Lake property. In Saskatchewan, the Company has acquired a 90% interest in the Riou Lake Property. In the North West Territories, the Company has acquired the Mystery Island IOCG Property, and the Eldorado Property located in the Great Bear Lake area in which the Company has a 100% interest. In Quebec, the Company has optioned the Bienville property in the James Bay Camp.
The Company has recently entered into a LOI for the acquisition of the Pinaya, the Minas Lucho, and the La Mamita Copper/Gold properties in Peru.
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"
Charles Desjardins,
President and Director
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.
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.