Solomon Completes First Phase of Diamond Drilling at Ten Mile Creek PDF Print E-mail

Second Phase Drilling to Test Newly Discovered Skukum Zone

Armstrong, B.C., Monday, September 27th, 2010. Solomon Resources Limited (SRB: TSX-V) is pleased to announce that the first phase of the diamond drilling program at the Ten Mile Creek Gold Project in the Yukon Territory has been completed. Solomon field crews have now commenced the second phase of the diamond drilling program.
The Ten Mile Creek Gold Project is located within the Dawson Range of Canada's Yukon Territory approximately thirty kilometers north-northwest of the White Gold Property of Kinross Gold Corp. and sixty kilometers north of the Coffee Gold Project of Kaminak Gold Corp. Solomon acquired an option from Radius Gold Inc. (TSX-V.RDU) to earn a 51% interest in the Ten Mile Creek Gold Project as previously reported.

Solomon's President and CEO Randy Rogers conducted a due diligence inspection of the Ten Mile Creek Gold Project in mid-September and reports: “The diamond drill program for the 2010 field season has been designed to test two major geochemical gold in soil anomalies: the first phase will test a prominent linear gold in soil geochemical anomaly on the Ten Mile Claims and the second phase will test a newly discovered and very compelling gold in soil geochemical anomaly on the northern JV Claims. Our strategy this year was to complete extensive surface geochemical and geophysical surveys and to carry out mechanized trenching to refine targets well in advance of committing to a diamond drill program.”

A total of 2450 soil geochemical samples were collected during the surface exploration of the property and four significant anomalous zones have been identified for further exploration in the 2010 field season. The open-ended nature of these primary anomalies and the existence of further discrete soil geochemical anomalies on both the JV and Ten Mile Claims indicates that an expanded soil geochemical and geophysical program is warranted for the 2011 field exploration season and that further drill targets may yet be identified.

Rogers noted, “Mechanized trenching was employed to delineate the soil geochemical anomalies and confirm the historical results reported by earlier operators. Trenching proved to be a cost-effective means of exposing subsurface geology and structure and aided greatly in our understanding of the complex structural deformational history of the area.”


Figure One: Preliminary Results from the 2010 Exploration Program

The first phase of drilling targeted the “Klondike Kate Zone” located in the northern portion of the Ten Mile claim group. This east-west elongated soil geochemical anomaly is approximately 1600 meters in length and 400 meters in width with soil geochemical results as high as 698 parts per billion (ppb) Gold and 570 parts per million (ppm) Arsenic. Solomon's first diamond drilling of the season was designed to test the provenance of this very compelling soil geochemical anomaly and gain a preliminary understanding of the geological and structural controls on mineralization exposed by preliminary trenching in this area. Drilling commenced with DDH 2010-01 collared on Pad One with an azimuth of 180 degrees and an inclination of -50 degrees and was completed to a depth of 125.0 meters. The second and third holes in the Klondike Kate Zone were drilled from Pad 2: DDH 2010-02 had an azimuth of 225 degrees and an inclination of -50 degrees to a depth of 175.0 meters, and DDH 2010-03 was drilled with an azimuth of 180 degrees also at -50 degrees to a depth of 125.0 meters. Core recovery was excellent, and selected intervals were selected for assay with splits having been shipped for analysis. Results are pending from these first three drill holes of the 2010 campaign.


Figure Two: Solomon’s President and CEO Randy Rogers examines Trenching on the JV Claims

Drilling has now commenced on the second zone of interest, known as the Skukum Zone, located on the Jual Val claim block approximately four kilometers west of the Klondike Kate Zone. The Skukum Zone, newly discovered by Solomon field exploration crews in the 2010 program, is a significant gold soil geochemical anomaly approximately 900 meters by 700 meters in extent with values up to 1436 ppb Gold and 4630 ppm Arsenic. The Skukum Zone is located immediately south of the Jual Vein System identified by Teck Resources Limited in their 2000 program; the Jual Vein System was characterized by numerous northwesterly trending, flat to moderately dipping quartz veins, stockworks and fault zones. Historical trenching of peripheral gold soil geochemical anomalies yielded results of 1.6 grammes/tone (g/t) gold over 25 meters (including 11.1 g/t gold over three meters) and 1.0 g/t gold over 19 meters (including 8.5 g/t over 1.5 meters). Given the nature of the mineralization exposed in the Teck trenching, the paucity of outcrop in this area and our new understanding of structural controls on gold mineralization on the Ten Mile Creek Gold Project, the Skukum Zone was identified as a priority target for drilling in the 2010 campaign.

The newly discovered Jack London Zone is located one kilometer north of the Skukum Zone and is a soil geochemical anomaly 1600 meters by 600 meters in extent with a peak soil geochemical value of 260 ppb Gold. This area has not been trenched, and Solomon exploration staff will shortly make a decision whether mechanized trenching will precede diamond drilling on this highly prospective target.

The Sourdough Joe Zone is located one kilometer north-northeast of the Jack London Zone and is an elongated east-west soil geochemical anomaly measuring 1400 meters by 300 meters and was the focus of much of the historical exploration of the claim group by Teck. A portion of Solomon's 2010 mechanized trenching program was directed at this zone, but permafrost on steep northern slopes prevented complete excavation of the more compelling soil geochemical anomalies and the 2011 exploration program will include expanded soil geochemical surveys and diamond drilling in this area.

The newly discovered Jack London Zone and the adjacent Sourdough Joe Zone are immediately upstream of the Ten Mile Creek Placer Gold camp, which was actively mined in the 2010 field season and has produced in excess of 100,000 ounces of Gold since the first stampede to the area during the Klondike Gold Rush. Solomon's President Randy Rogers visited the placer workings at Ten Mile Creek during September of 2010, and observed that the placer gold being recovered was coarse and angular and to a large extent carried relict quartz vein material which suggests that the gold has not travelled far from a bedrock source.

Solomon is still waiting for final soil geochemical results from the expanded survey grids, and assay results are pending from the current diamond drill program.

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 for this project has been conducted by Acme Analytical Laboratories (Vancouver) Ltd., a certified analytical laboratory.
  • 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.

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 Executive 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. He has also reviewed the data disclosed herein from records of previous owners and operators of the Ten Mile Creek Gold 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 worldwide. Solomon is managed by a proven team of exploration geologists involved with the discovery and development of a number of significant mineral deposits including the Snip and Eskay Creek deposits in British Columbia and the Brewery Creek deposit in the Yukon Territory.

For additional information visit Solomon's website at www.solomonresources.ca or contact:

Solomon Resources Limited
Tel: 1 (866) 831-6666

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