News Release 2007 May 17 Solitaire Minerals Corp. - Port Radium Property Boundaries Established | Solitaire Minerals Corp. - Port Radium Property Boundaries EstablishedThursday, May 17, 2007 May 17, 2007: Solitaire Minerals Corp. (TSX-V: SLT) (the Company) is pleased to announce it has successfully resolved the boundaries of the Kinross acquisition in the Port Radium area. This was established in the course of reviewing the technical library as a part of the property transfer.
Solitaire has been in discussions with the Northwest Territories mining recorder and has been able to determined accurate claim boundaries using these land surveys. See website for claims boundaries www.solitaireminerals.com
Uranium production from the Eldorado Nuclear/Uranium Mine was from veins emplaced along northeast trending faults. All of these structures merge into the Bear Bay Shear Zone, a deep seated regional structure which has never been tested. In addition, there is potential for the structures hosting high grade silver mineralization in the Echo Bay mine to extend onto Solitaire's property.
The Eldorado and Mystery Island projects consist of approximately 22,717.23 acres, 430 kilometres north of Yellowknife in the Northwest Territories. The property adjoins and is partly surrounded by the Alberta Star Development Corp.'s Contact Lake project. Solitaire and Alberta Star share some of the underground working of the Eldorado mine of which Solitaire Minerals owns the most recent historical data.
Charles Desjardins the president Solitaire of stated "Solitaire has a competitive advantage with the acquisition of Kinross technical library. The information on Echo Bay Mines and Eldorado Uranium Mine and exploration reports for the entire mining camp is going to guide our exploration efforts."
Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.
About Solitaire Minerals Corp. Solitaire Minerals Corp. (TSX-V symbol: SLT) 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, Alberta, and the North West Territories. 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 75% 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 purchased the Ravenscrag property in which the Company has 100% interest. In the North West Territories, the Company has purchased the Mystery Island IOCG Property located in the Great Bear Lake area in which the Company has 100% interest. Also in the NWT, the Company acquired the Eldorado property located in the Great Bear Lake area in which the Company has 100% interest.
For additional information please 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. 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. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. 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. |