| Solomon Releases Results of 2007 COL-Magnet Drill Program, Plans Drill Program in 2008 |
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Vancouver, January 21st, Solomon Resources Ltd. (SRB: TSX-V) is please to report that all of diamond drilling assay results from the COL-Magnet Copper-Gold Porphyry property have been received and the second year option payment of $ 75,000.00 has been paid to the optionors. The COL-Magnet Property is located on the southern margin of the Hogem Batholith, approximately 45 kilometers northwest of the Mt. Milligan Copper-Gold deposit and approximately 35 kilometers southeast of the Serengetti Resources Limited Kwanika Copper-Gold discovery (Figure 1.) Between August 27th, 2007 and November 5th, 2007 Solomon completed 14 diamond drill holes for a total of 2564 meters of NQ2 core. The program‟s primary objective was to confirm and expand the chalcopyrite and bornite mineralization of the A Zone, which was initially discovered by Falconbridge drilling in 1971. In addition, several drill holes were designed to test attractive Cu-in-soil geochemical anomalies and encouraging trench sampling results from widely separated locations within the claim boundaries. The 2007 drilling of the A Zone confirmed the previously defined copper mineralization on Section 10,600 E. The Zone was found to grade 0.60% Cu over a true width of 25 m, with a down dip extent of a approximately 225 m. Drilling to the west along strike at Section 10,500 E found the A Zone to weaken both near surface and at depth. Drilling of the A Zone along strike to the east remains to be undertaken, and represents a prime target for 2008. Solomon‟s exploration work both located and further defined several widely separated mineralized areas, which include the A Zone, the Campbell Trench Zone, the Bug Zone and the Slide Zone. All of these zones additional drilling or initial drilling. In addition, several areas of anomalous copper-molybdenum soil geochemical values remain to be drill tested in 2008, including the Sleeper copper-molybdenum anomaly which cross cuts the A Zone, and a 400 meter by 4000 meter northwest trending zone of moderately anomalous copper-molybdenum values.. A detailed summary of 2007 results will be posted on the Solomon Resources Limited website at www.solomonresources.ca.  For the purposes of this news release, the following table summarizes the assay results from all 14 diamond drill holes completed in 2007 on the COL-Magnet project, including drill holes DDH-2007-1 through DDH2007-4 which were previously reported in Solomon‟s October 4th, 2007 and October 22nd news releases.
* NO SIGNIFICANT INTERSECTION The COL-Magnet property continues to evidence moderate potential to host a structurally controlled Afton type copper gold molybdenum deposit. Exploration work by Solomon has identified several mineralized areas, including the A Zone, the Campbell Trench Zone and the Bug Zone. The newly discovered CopperMolybdenum mineralized Slide Zone, which is located along a faulted contact between the Takla Volcanic rocks and the Hogem intrusive, constitutes one of the most attractive untested targets ready for drilling in 2008. Although drilling in 2007 appears to have limited the westerly strike potential of the A Zone, the eastern strike extension and downdip potential of remains to be drill tested. A review of the 2007 results indicates that an 1800 meter drill program comprising 8 helicopter supported drillholes is warranted on the COL-Magnet property and will commence as soon as a drilling contractor and rig can be procured.   Qualified Person under National Instrument 43-101: 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 supervised the conduct of the exploration program disclosed herein. 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 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 contact either: Lawrence J. Nagy, President and CEO Phone: 604-669-6656 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 The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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