News Release 2005 Nov 14 Fugro Airborne Surveys has Completed Flying the Mega-Tem Airborne Study over Solitaire Minerals Corp.’s Riou Lake Property | Fugro Airborne Surveys has Completed Flying the Mega-Tem Airborne Study over Solitaire Minerals Corp.’s Riou Lake PropertyMonday, November 14, 2005 Nov 14, 2005: Solitaire Minerals Corp.(The Company) is pleased to announce that Fugro Airborne Surveys has completed the Mega-TEM Airborne study for the Riou Lake property located on the northern part of the Athabasca basin. The Mega-Tem Airborne Study is a new-generation, deep-penetrating, airborne electromagnetic survey, which has provided blanket coverage for the entire Riou Lake property. This survey, which has been flown by Fugro Airborne Surveys of Ottawa, Ont., was 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.
The Riou Lake claims which total 25,440 acres encompass the western extension of the Riou Lake fault system which extends into property owned by UEX Corp. This part of the fault was the first staked claim in the area because of the surface expression of the fault. The escarpment is displaced 180 feet above the surface and extends along surface for 8 kms. This escarpment is unique in the Athabascan basin and thought to be a fault.
Up to 80% of this data collected by Fugro Airborne Surveys has been forwarded to the Company for further analysis. The additional 20% of this data will be received over the next few weeks.
Jim Kermeen, M.Sc., P.Eng, is the qualified person on the company's Riou Lake property.
About Solitaire Minerals Corp. Solitaire Minerals Corp is a diversified junior Canadian mineral exploration company with a specific focus on mineral properties in North America. The Company has assembled a portfolio of precious and base metal exploration prospects in Ontario, Saskatchewan, and Alberta. 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. The Company also has an option to earn 100% in the Lateral Lake West property located in the Webb township of Ontario. In Saskatchewan, the Company has signed a purchase agreement to acquire a 100% interest in the Highrock Lake property and a 90% interest in the Riou Lake Property located in the Athabasca Basin. The Company has also acquired the Riou Lake North and South properties in which the company has 100% interest. In Alberta, the Company has signed a letter of intent to purchase the Ravenscrag property.
For additional information please contact Solitaire Minerals Corp. or visit www.solitaireminerals.com.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
"Charles Dejardins"
Charles Dejardins,
Director
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, historical estimates should not be relied upon,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. |