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Nineteen Drill Holes Completed to Date in Baruunbayan Uranium Project - Assay Results Pending Armstrong, BC - Monday, July 7th, 2008. Solomon Resources Limited (SRB: TSX-V) is pleased to report that nineteen drill holes totalling 4138.50 meters of a planned 5000 meter drill campaign have been completed to date on the Baruunbayan Uranium Project in Mongolia. Background: Solomon's Baruunbayan Property and the adjacent Dulaan Uul Property of Cogegobi XXK (an Areva subsidiary) lie within the Unegt Depression, a broad basin approximately 100 kilometers in length and 60 kilometers in width extending from the Solomon tenures in the southwest to the Cogegobi tenures in the northeast. Solomon is conducting a diamond drill program in this highly prospective uranium district, on exploration licences covering 248,300 hectares. Current Exploration Program: Three drill holes completed in the current campaign: DDH-BB-14, DDH-BB-17 and DDH-BB-20 have been previously reported as returning encouraging down hole gamma spectrometric anomalies (Solomon News Releases dated June 2nd and June 16th, 2008.) Favourable stratigraphy has been observed in the majority of the holes drilled to date in the 2008 drill campaign and assays are pending for selected sample intervals.
Table 1: Baruunbayan Drill Collar Data Solomon's President Randy Rogers observed: The 2008 drill program is designed to follow up last year's drilling and anomalies identified in our analysis of a substantial data package covering the Solomon holdings in the Ooshiin Govi Basin. We have collated historical data including Soviet-era airborne spectrometry, seismic surveys and hydrogeological surveys with geophysical surveys and mapping conducted by Solomon field crews in 2007 and 2008. The recent discovery of significant large tonnage low grade rollfront uranium mineralization on the Dulaan Uul property of Cogegobi to the northeast of Solomon's exploration licences was the first indicator of the potential extent of uranium mineralization in this previously unexplored district.Field work currently underway at the Baruunbayan Project includes diamond drilling, ground magnetometer and radiometric surveys, detailed geological mapping and alpha cup surveys. ![]() Figure 2. Solomon Field Technician Prepares Samples for Assay at Baruunbayan Project. Qualified Person: Randy Rogers, M.Sc., P.Geol. a Qualified Person for the purposes of National Instrument 43-101, Standards for Disclosure for Mineral Projects of the Canadian Securities Administrators, and the President and Chief Operating Officer of Solomon, has verified the data disclosed herein including sampling, analytical and test data and supervised the preparation of the information that forms the basis of the disclosure contained in this news release. QA/QC: Solomon has implemented quality assurance and quality control measures in its exploration programs, including the following:
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 Ltd. : Solomon Resources Ltd. 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 involved 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 the exploration of copper-gold projects in British Columbia and Ontario, a coal project in British Columbia, a tin project in Alaska and uranium projects in Mongolia. 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 Randall S. Rogers, Vice President Corporate Development & 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 visit Solomons website at www.solomonresources.ca The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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