| Solomon Commences 2008 Field Program at Zamtiin Gol Project in Mongolia |
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Solomon Acquires 100% Interest in Zamtiin Gol Property
Armstrong, BC - Monday, June 9th, 2008. Solomon Resources Limited (SRB: TSX-V) is pleased to report that field work has commenced on the Zamtiin Gol Uranium Project in central Mongolia. Solomon holds seven mineral licences covering 356,603 hectares in Mongolia comprising four distinct properties: Baruunbayan, Zamtiin Gol, Airag and Uvurkhangai Properties. Background: The Zamtiin Gol Project is located in Arkhangai Province in central Mongolia, approximately 690 kilometers west of the capital city of Ulaanbaatar. Solomon has now acquired a 100% interest in the Zamtiin Gol Property subject to a 0.5% Net Smelter Return provided for in the Letter of Intent between Solomon and Erdenyn Erel LLC dated November 8th, 2006. Solomon may purchase the 0.5% NSR for $250,000 at any time during the 12 months after startup should the property be placed into production. The Zamtiin Gol Project includes a number of airborne spectrometric anomalies first identified by Soviet workers in 1984. Initial work on the Project was focussed on following up historic Soviet-era airborne spectrometric anomalies (Anomalies 450, 452, 449, 1268 and 1270 from Open File Report 2433; 1979) which rank amongst the strongest in central Mongolia (see Solomon news release dated June 4th, 2007.) The northern part of the Zamtiin Gol area is underlain by Upper Proterozoic medium grained biotite and biotite-hornblende granite which forms an elevated northern highland above lower rounded hills to the south comprised of Proterozoic coarse grained biotite-hornblende granite-porphyry. Preliminary Exploration: Solomon conducted 1:50,000 scale geological mapping and truck mounted spectrometer surveys over the southern portion of the project area in 2007, and a limited program of grid auger soil sampling. Five discrete spectrometric anomalies were outlined with values ranging from 1200 to 4200 Counts per Second (cps) and twelve distinct soil geochemical anomalies were identified with values up to 0.11 % U308. The four highest anomalies were centered over the intrusive margins and colluvium flanks of the Solongo granitic complex. Figure 2. Location of Current Exploration on Zamtiin Gol Project
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 visit Solomon‟s website at www.solomonresources.ca or contact either: Lawrence J. Nagy, Chairman and Chief Executive Officer Phone: 250-546-4772 Randall S. Rogers, President and Chief Operating Officer Phone: 250-558-8952 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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