News Release 2005 Mar 1 A SOLITAIRE MINERALS CORP. UPDATE | A SOLITAIRE MINERALS CORP. UPDATETuesday, March 01, 2005 If you have any questions, please feel free to call us toll free at 1-866-683-5445 or email us at info@solitaireminerals.com.
ATHABASCAN BASIN
Riou Lake Project
Located in the Athabascan Basin this property consists of seven claims totaling 25,450 acres.
In 1999, a prospecting program by Pioneer Metals Corporation discovered an area of several radioactive springs located on the UEX Riou Lake Program. One particular spring of note is located along the Riou Lake fault which extends through Solitaires` Riou Lake property. Subsequent drilling by UEX of drill hole RLG-D20 and drill hole RLG-D15 led to some promising results. The drilling took place over an unconformity where highly anomalous values of uranium where found. UEX has a planned drilling program set for 2005 of six drill holes totaling 4,800 meters which will be carried out in two work areas, including the radioactive springs area.
This same fault line which extends through our property creates an escarpment that extends for approximately 8 km and has an elevation of 180 feet which helps to confirm the location of the fault. This fault line is located on the central body of the Riou Lake project, which was the first staked property in the Riou Lake area.
A new-generation, deep-penetrating, airborne electromagnetic (MegaTEM) survey, will provide blanket coverage for the entire Riou Lake property. The survey, which is being flown by Fugro Airborne Surveys of Ottawa, Ont., is designed to map conductors beyond the coverage provided by the existing ground electromagnetic surveys. A magnetometer survey, flown as part of the MegaTEM survey package, will also greatly improve the resolution of the magnetic coverage on the project. The MegaTEM and magnetic data will aid in selecting areas for further ground geophysics follow-up. We are looking forward to having this program flown in March.
As a result of this new technology we have pushed back our ground work and anticipated drilling until after the results of the Mega TEM.
High Rock Lake
Also located in the Athabascan basin, this property is composed of 7,000 acres. Mr. Jim Kermeen is currently putting together a 43-101 report.
RED LAKE PROJECTS
The Chukuni Project
Located in the Red lake area, approximately 1 km south of Rupert`s land holding which is currently being drilled. Rupert`s first drill hole of its planned 18,500-meter deep drill program is currently at a depth of 674 meters (Jan 11/05).
Possible drill sites have been determined following the analysis of the ground-based Gravity Survey completed by Allan Spector & Associates and the aero-MAG imaging completed by Terraquest.
The South Baird & Heyson Project
Also located in the Red lake area, these two claims total 2,410 acres.
The company has completed line-cutting, and more recently, a Gravity Survey by Allan Spector & Associates of Toronto. The aero-MAG imaging will be flown by Terraquest very early in February and the data will be accessible shortly there after.
Solitaire Minerals Corp. is a Canadian mineral exploration company with a focus on gold and uranium properties in North America. The Company has assembled a diverse portfolio of exploration prospects in Ontario and Saskatchewan. Solitaires’ properties include the South Baird & Heyson property, and the Chukuni river prospects which are held 100% by Solitaire. In Saskatchewan, the Company has acquired the 100% owned Highrock lake property and the Riou lake property (The Riou lake north and south properties are 100% owned, and the central property is awaiting filing of documentation.) located in the Athabascan Basin.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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