Solitaire Minerals UpdateTuesday, May 06, 2003 May 6, 2003 - Solitaire Minerals Corp. (TSX.V – SLT) wishes to announce
that it is proceeding with plans to follow up on geological recommendations
with respect to the properties in which the Company has an option to earn a
100% interest. These properties include the following:
Chukuni River Property: The Chukuni River claims comprise 1500 acres located
approximately 3 ½ kilometers immediately south of Goldcorp Inc.’s new Shaft #3, and
bordering upon the Goldcorp Inc. Red Lake mine property. On February 25th, 2003, the
Company signed a letter of intent with Horizon Gold Corp., whereby Horizon may earn
up to a 50% interest in the property from Solitaire. To date, Horizon has not completed
their financing arrangements with respect to the Chikuni River Property, therefore a
formalized option agreement between the companies has not been completed. Add
geological or previous exploration history.
Baird Property: The Baird claims comprise approximately 1250 acres in the Baird
Township, 8 kilometers southwest of the town of Red Lake. The property adjoins the
Starratt-Olsen and Madsen mine properties of Claude Resources / Placer Dome.
Golden Pickle Property: The Golden Pickle claims comprise 1960 acres in Connell
Township in the Patricia Mining District of Ontario. The property lies between the
Pickle Crow and Central Patricia Mines, east of the town of Pickle Lake.
The Company also wishes to announce it is currently assessing its properties under option
from King’s Bay Gold Corp.:
Pickle Crow Property: The agreement to earn up to a 50% interest in this property with
Kings Bay Gold Corp. is being discontinued.
Headway Property: The agreement to earn up to a 50% interest in this property with
Kings Bay Gold Corp. is currently under review. The Company announces that the news
release issued May 6, 2003 by King’s Bay Gold Corp. which professes to limit the
Company’s interest in the property is under dispute. To date, the Company has
requested, yet been unable to obtain from King’s Bay, any material accounting for
expenditures on the property as funded by Solitaire. Solitaire also informs its
shareholders that its interest in this property will be vigorously defended.
About Solitaire Minerals Corp.
Solitaire Minerals Corp. is a Canadian mineral exploration company with a specific focus
on prospective gold properties in North America. The Company has assembled a
portfolio of precious metal exploration prospects in Ontario. Solitaire's Ontario
properties in the prolific Red Lake/Birch-Uchi Greenstone Belt include the Headway, and
the Garnet Lake prospect, in which Solitaire can earn up to a 50% interest through King's
Bay Gold Corp. The Company also has the South Baird, Golden Pickle, and Chukuni
River Prospects, which are held 100% by Solitaire. Each of these properties exhibits
excellent potential for hosting high-grade gold deposits and are located within the world
class Red Lake, Ontario area.
For additional information you can contact Solitaire Minerals Corp. at 604-683-5445 or
visit the Web site at http://www.solitaireminerals.com.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
"Charles Desjardins"
Charles Desjardins
President and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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