Uranium targets to be drill tested in Mongolia

Vancouver, November 6th, Solomon Resources Ltd. (SRB: TSX-V) is pleased to announce it has signed a diamond drilling contract with Falcon Drilling Mongolia LLC for a minimum 2,200 metres of drilling on the Company’s 100% owned Dornogobi licences situated within the Sainshand Uranium Province of South-eastern Mongolia. The Dornogobi 3 & 4 licences total 190,515 hectares (1,905 km2) and are located over the western extension of the Ooshiin Govi Basin. Earlier this year, the world’s third largest uranium producer, Compagnie Francaise de Mines et Metaux (“CFMM”, a subsidiary of AREVA NC) discovered a large roll-front type uranium deposit in a sedimentary basin at the eastern end of the Ooshiin Govi Basin. CFMM is currently conducting an extensive, eight-drill exploration and development program on the new discovery. Solomon geologists have conducted regional prospecting, mapping, and sampling on the Dornogobi Licences and have identified several roll-front Uranium potential target areas. Airborne spectrometric surveys conducted by Soviet workers in 1981, identified over 35 ground spectrometer uranium anomalies associated with primary uranium mineralization in bedrock. These targets are now within the boundaries of Solomon’s Baruunbayan Uranium Project, which includes the Dornogobi licences D3 and D4. Although a large drill program was recommended by the Soviet operators, no drilling was ever done. Solomon’s diamond drill program is expected to commence November 14, 2007 and is designed to begin testing the potential of the western end of Ooshiin Govi basin for large tonnage, insitu leach (ISL) amenable roll-front uranium mineralization. The programme will also test at depth the primary Uranium mineralization observed in bedrock outcropping within the Baruunbayan Property. President, Larry Nagy, states “We are extremely pleased with Solomon’s 100% Mongolian staff in our exploration office in Ulaanbaatar. The careful due diligence, research and field work conducted by our staff has resulted in Solomon acquiring a 100% interest in several highly prospective licenses situated in one of the newest and hottest Uranium exploration areas in Mongolia.” 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. Mr. Tupper has 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 are reported in parts per million uranium (ppm). For values in percent U3O8, ppm U is multiplied by a conversion factor of 0.0001179 (1 ppm U x 1.179 = 1.179 ppm U3O8; 10,000 ppm uranium = 1.0% uranium; 10,000 ppm U3O8 = 1.00% U3O8); For conversion to lbs/ton U3O8, % U3O8 is multiplied by 20 (1 ton = 2,000 lbs). For conversion of ppm U to lbs/ton U3O8, multiply ppm U by 0.002358 (0.0001179 x 20) 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 please contact: Lawrence J. Nagy, President and CEO Phone: 604-669-6656 or Randall S. Rogers, Vice President – Corporate Development and Investor Relations Phone: 250-558-8952 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Toll free: 1-866-831-6666 or visit Solomon’s website at www.solomonresources.ca The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. < Prev   Next >