Solomon Granted 4 New Licences in Mongolia Up to 2.18% U3O8 in Reconnaissance Samples
Vancouver, Canada, September 10, 2007 – Solomon Resources Ltd. (SRB: TSX-V) is pleased to
announce it has acquired through application four new exploration licences in the Ail and Airag Uranium
Districts of Mongolia that are considered highly prospective for uranium. The new licences include:

  • Dornogobi - 1, 2 and 4 totalling 204,296 hectares (2,043 km2) in Dornogobi Province; and,
  • Uvurkhangai - 1 totalling 62,705 hectares (627 km2) in Uvurhangay Province.

Solomon has initiated field work on its Dornogobi-4 licence, including detailed ground gamma spectrometer surveys, regional and detailed geological mapping and soil and bedrock sampling in preparation for a fall drill program.

Solomon has compiled various Soviet-era, regional and district geological and geophysical reports and data and completed field assessments on all its new Dornogobi licences. Solomon’s field assessments included preliminary ground gamma-spectrometer surveys and bedrock sampling of the known radiometric anomalies and uranium occurrences.

Solomon has completed the first phase of work on the Zamtiin Gol Uranium Property, which included geological mapping and auger soil sampling. Analytical results are expected by late September.


DORNOGOBI-4
Solomon has acquired the 12606X Dornogobi-4 exploration licence totalling 146,511 hectares, covering most of the highly prospective Ail Uranium District. The Dornogobi-4 property lies roughly 150 kilometres southwest of the Aimag capital of Sainshand and the national Ulaanbaatar-Beijing highway and railway corridor.

The Ail Uranium District is a roughly 400 square kilometre area of anomalous bedrock-hosted uranium extending more than 20 kilometres across the southern half of the Dornogobi-4 licence. The District was identified using airborne and truck-mounted surface geophysical programs between 1981 and 1983 (Shmelyov et al, 1983; Mironov, 2003). Within the Ail Uranium District, Soviet operators outlined 23
radiometric uranium target areas over which they conducted 1:1,000 and 1:10,000 scale ground geological and geophysical surveys and excavated and channel sampled 28 bulldozer trenches, identifying

  • Primary uranium mineralization at the Ail, Khad and Elgen uranium prospects;
  • Numerous oxide uranium occurrences; and
  • Over 35 known ground spectrometer uranium anomalies.
  • Although not well studied, uranium mineralization in the Ail District is associated with fluorine and molybdenum and is deposited along hydrothermally altered, Late Mesozoic volcanotectonic structuressimilar to settings of some of Mongolia’s most economically important uranium deposits (Mironov, 2003). Channel sampling by Soviet-era workers identified zones of significant uranium mineralization in thetrenches at Ail and although a large drill program was recommended by the Soviet operators, no drillinghas been undertaken (Shmelyov et al, 1983).

Table 1 attached provides results from both the Soviet-era 1983 and Solomon’s 2007 reconnaissance surface sampling work that, while not directly comparable, confirm the presence of moderate to highly anomalous uranium mineralization at each of the known occurrences. Solomon field crews were only able to locate 14 of a total 28 reported historic trenches within the Dornogobi-4 licence area during its preliminary examination.

Ail Uranium Occurrence (Areo-anomaly A540)
The Ail uranium occurrence is hosted sedimentary rocks of the Lower to Middle Jurassic Khamarhuv Formation a small Devonian granite to diorite intrusive body.

Khad Uranium Occurrence (Areo-anomaly A539)
The Khad occurrence is associated with a fault zone cross-cutting Upper Jurassic tuffs and conglomerates.

Elgen Uranium Occurrence (Areo-Anomaly A541)
The Elgen occurrence is situated along an east-west trending graben that isolates Middle to Upper Jurassic andesite within metamorphosed Silurian intermediate to mafic volcanics.

Dalai Uranium Occurrence (Aero-Anomaly A547)
The Dalai occurrence is associated with organic rich and coal horizons within varying sedimentary sequences of the Middle Jurassic to Lower Cretaceous Zuunbayan Formation.


The central and northern portions of the Dornogobi 4 property are underlain by the Zuunbayan Basin Uranium District that is hosted in sedimentary rocks of the Middle Jurassic to Lower Cretaceous Zuunbayan Formation and Upper Cretaceous Sainshand Formation.

Solomon’s geological and geophysical crews have recently begun a two month field program on the Dornogobi 4 licence with the objective of outlining targets for a subsequent 2007 drill program. This initial 2007 field work will include:
  • Regional and occurrence scale geological surveys (1:25,000 & 1:5,000);
  • Regional (2,000 line-km) and occurrence scale truck-mounted gamma spectrometer and magnetometer surveys (200m and 50m line spacing); and,
  • Trenching, rock and soil sampling and general prospecting.

 

DORNOGOBI-1 AND DORNOGOBI-2

Solomon has acquired the large rectangular Dornogobi-1 (17,992 hectares) and Dornogobi-2 (39,793
hectare) licences located in northern Dornogobi province, 35 kilometres southeast and east respectively
of the town of Airag and the Ulaanbaatar-Beijing national highway and railway corridor.

The Dornogobi-1 licence covers sedimentary rocks of the Upper Cretaceous Baruun Goyot and
Bayanshiree Formation that host the Ulaan Nuur prospect of East Asia Minerals Corporation located 60
kilometres to the west. Airborne radiometric surveys conducted in 1979 identified two anomalies on the
Dornogobi-1 licence area.

The Dornogobi-2 licence overlies Bayanshiree Formation sedimentary and Jurassic Sharil Formation
volcano-sedimentary rocks and contains four known airborne radiometric anomalies identified in 1979.
Solomon’s field crews have conducted preliminary truck mounted surveys of the known Soviet-era
radiometric anomalies and surface trench areas on both the Dornogobi-1 and 2 properties.

 

Uvurkhangai-1

The 62,705 hectare Uvurkhangai-1 licence is located 110 kilometres south of Arvaikheer, the Uvurkhangai provincial capital, and 540 kilometres southwest of Ulaanbaatar. The licence was acquired so as to include three 1981 airborne radiometric anomalies associated with siltstone, mudstone, coal and conglomerate of the Lower Cretaceous Khukhshiriin Formation.

ZAMTIIN GOL URANIUM PROPERTY
Solomon field crews completed the first phase of work on its 39,165 hectare Zamtiin Gol uranium prospect located in the Tarvagatayn Mountains of Arhangay Province in west-central Mongolia. Geophysical crews outlined four shallow auto-gamma-ray spectrometer (PICO GRS-2; 4 litre detector) anomalies on the property near the headwaters of two parallel valleys draining south from the uraniferous Permian Solongo granite stock.

Preliminary geological mapping has been conducted and auger soil samples were collected from over 400 detailed grid-controlled and reconnaissance sample sites. The soil samples have been received at ALS Chemex in North Vancouver and results are expected late in September.

 




TABLE 1
AIL URANIUM DISTRICT
Select Historic and 2007 Confirmation Surface Sample Results
GENERAL
LOCATION
HISTORIC (1982-3) SOVIET-ERA WORK
SOLOMON (June, 2007)
Occurrence
Trench
No.
Description
Trench
Interval
(m)
Sample
Width
(m)
Assay
Result
(ppm U)*
Spectrometer
Reading
(ppm eU)†
Grab
Sample
No.
Description
Assay
Result
(ppm U)**
Ail
 
 
 
3803
n/a
n/a
n/a
n/a
167
52738
Hematitic
sandstone
rubble
18,484
3806
n/a
n/a
n/a
n/a
98
52739
Sandstone
280
3808
Conglomerate
13.65 –
13.90
0.25
225
170
52741
Conglomerate
249
3810
Sandstone

Conglomerate

Conglomerate
28.25 – 28.55

64.65 – 64.90

65.05 – 65.20
0.30

0.25

0.15
719

902

2,701

80

50

52735

52377

Soil; depth -1.0m

Soil; depth - 0.5m

51

21

Khad
3804
Felsic tuffs
n/a
14.50
150
40-160
52744
Soil; depth - 0.4m
114
Elgen
3828
Limonitic
andesite
36.00 – 36.65
0.65
240
80-110
52746
Andesite
139
110-200
52747
Andesite
304
Dalai
 
3817
 
Coal

Coal
 
15.55 – 16.90

20.50 – 21.55
 
1.35

1.05
 
626

1,600
 
20

90
 
52742

52743
 
Limonitic sandstone

Coal/sandstone
 
387

229
 

* ppm U: Spectral analysis; 1982-3 Soviet work; analytical process details not available.
** ppm U: X-Ray Fluorescence (XRF) analysis; Actlabs Asia , Ulaanbaatar.
† ppm eU: ‘equivalent’ uranium content based on gamma-ray spectrometer values in the field.


 
Qualified Person under National Instrument 43-101:
Solomon’s Vice-President - Exploration, David Tupper, P.Geo., a ‘qualified person’ for the purposes of
National Instrument 43-101, has verified the data disclosed, including sampling, analytical and test data,
contained in and supervised the preparation of this news release.

QA/QC:
Solomon has implemented quality assurance and quality control measures in its exploration programs,
including the following:
  • All field and data analysis work is carried out under the supervision of qualified Solomon geologists and geophysicists in accordance with procedures developed to conform to current ‘best practices’ in mineral exploration.
  • Analytical work has been conducted in certified labs, including Actlabs Asia in Ulaanbaatar, Mongolia and ALS Chemex in North Vancouver, Canada.
  • Laboratory results reported in parts per million uranium; for values in percent U3O8, results are multiplied by a conversion factor of 0.0001179 (1 ppm U x 1.179 = 1.179 ppm U3O8; 10,000 ppm U3O8 = 1.00% U3O8).
  • In addition to internal checks and standards provided by the labs, Solomon includes blind duplicate and blank samples. All analytical sample checks and standards are within reasonable limits of error.
  • Ground, truck-mounted radiometric surveys conducted using a PICO GRS-2 gamma spectrometer 4 litre detector); ground magnetic surveys conducted using a GEMS GSM-19, Overhauser magnetometer.
  • All spectrometric data (Total Count, uranium, thorium and potassium content fields) is converted to ACSSII format, and then checked for error using the minimum square method in preparation for plotting.
  •  

The accurate location coordinates of the historic radiometric anomalies and uranium occurrences were intentionally not identified in the Soviet literature. The published coordinates have been offset using and constant and unpublished set of survey errors. Diligent field surveys using GPS systems are now being undertaken for each site.


Forward Looking Statements:
Some of the statements in this news release may contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Solomon. Actual results may differ materially from those currently anticipated in such statements.


About Solomon Resources Limited:
Solomon Resources Limited. is a Canadian public company focused on the acquisition, exploration and development of quality mineral properties world wide. Solomon is managed by a proven team of exploration geologists credited with the discovery and/or development of a number of significant deposits in the world, including the SNIP, Eskay Creek, and Brewery Creek deposits in Canada, the Segala gold deposit in Mali, the Chimney Creek, Mule Canyon, Ruby Hill, Mesquite, and Ortiz gold deposits in the United States, the Gosowong deposit in Indonesia, and the Cadia East deposit in Australia.

Solomon is currently focused on copper-gold and zinc-lead-silver base metals projects in Canada; uranium and coal energy projects in Mongolia and western Canada respectively and a tin project in Alaska. Solomon’s shares trade under the banner SRB on the TSX Venture Exchange (TSX-V). For additional information visit Solomon’s website at www.solomonresources.ca. or please contact:


On Behalf of the Board of Directors of
SOLOMON RESOURCES LIMITED
“Lawrence J. Nagy”, President

David W. Tupper, VP Exploration
Phone: 604-669-6656
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Randy S. Rogers, VP Corp. Development & IR
Ph: 250-558-8952
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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.