Solitaire Minerals Acquires Additional Red Lake PropertyFriday, November 14, 2003 November 14, 2003 - Solitaire Minerals Corp. (TSX.V - SLT) is pleased to announce the acquisition of 2 claim units totally approximately 1,000 acres in the Heyson Township in the prolific Red Lake Mining District.
The agreement with the Vendor of the property allows for the Company to earn a 100% interest in the property by making cash payments totaling $64,000 and by issuing 105,000 shares of the Company over the four year length of the agreement. The agreement is also subject to a 2% Net Smelter Royalty, one half of which may be purchased back by the company by making payment to the Vendor of $1,000,000.
The property is located approximately 3 kms northeast of Solitaire's Baird property, and lies approximately 3 kms east of the former producing Madsen mine, located on the Claude Resources / Placer Dome joint venture property. The Claude/Placer property also contains the former producing Starratt-Olsen mine and continues to be the subject of an intensive exploration and drilling program.
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 and British Columbia. Solitaire's Ontario properties in the prolific Red Lake/Birch-Uchi Greenstone Belt include the 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 is 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
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