Solitaire commences trenching on Union Mine PropertyThursday, September 23, 2004 September 23, 2004: Solitaire Minerals Corp. (the Company) is pleased to announce the commencement of trenching on the Company's 100% optioned Union Mine Property, located near Grand Forks, British Columbia.
A program of prospecting, geological mapping and rock sampling was completed by Linda Caron, M.Sc., P. Eng., on the Union Property during August, 2004 to follow-up on the results of the VLF-EM survey by Wilkinson & Carson, and to prepare specific targets for trenching during September. Based on the work to date, five target areas have been selected for follow-up trenching and/or diamond drilling. Targets include the Maple Leaf Crush Zone, Cabin, West Union, White Bear and Gloucester Creek Zones. Drilling is tentatively planned for late October, once the results from the trenching program have been received and evaluated.
The Union Mine Property. The Union Mine Property consists of approximately 1,500 acres located in the Franklin Mining Camp, roughly 60 kms north of Grand Forks. The regional area of this part of the province is locally referred to as the Boundary district and encompasses the Rossland Camp on the east (produced over 3,500,000 oz of silver and over 2,700,000 oz of gold), the Republic area on the south, Buckhorn Mountain on the west and the Union Mine to the north. The Boundary District has a number of historical production areas and several current unmined reserves, including Buckhorn Mountain and Emanuel Creek (in production since December 2003). The Union Mine property is accessible via good quality all-weather road, and contains extensive underground workings. Historical production from a series of ore bearing veins was carried out between 1913 and 1989, with the majority of production occurring prior to 1942.
The above data is referenced in the 2004 technical and recommendations report on the Union Property, written by Linda Caron, M.Sc., P.Eng. The report is compliant with National Instrument 43-101. To view the report in its entirety please visit www.sedar.com
The company plans to use the proceeds from the recently announced private placement towards Chukuni, Union Property and to continue to evaluate other exploration prospects.
The company has decided not to pursue any further interest on their Golden Pickle claims due to unfavourable exploration results.
In addition, the Company announces that it has granted incentive stock options to directors, officers and employees, under the stock option plan, for the purchase of 600,000 for a period of 2 years at $0.10 per year. Solitaire Minerals Corp. is a Canadian mineral exploration company with a specific focus on 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 Red Lake/Birch-Uchi Greenstone Belt include the Baird, Heyson and Chukuni River Prospects, in which the Company has agreements to earn 100% in, but has not yet vested its interest. In addition, the Company has entered into an option agreement with another company, whereby that company may earn up to a 50% interest in the Baird Property. In British Columbia, the Company has an agreement to earn 100% interest in the Union Mine Property, but has not yet vested its interest.
For additional information you can 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 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
