Solomon Acquires More Mineral Claims at Ten Mile Creek Gold Project PDF Print E-mail

Armstrong, B.C., Tuesday, October 12th, 2010. Solomon Resources Limited (SRB: TSX-V) is pleased to announce that it has acquired a further 43 mineral claims to the northwest and southeast of the Ten Mile Creek Gold Project in the Yukon Territory. The RDU 259 through RDU 302 claims which comprise approximately 900 hectares were acquired from Radius Gold Inc. (TSX-V.RDU) and have been incorporated into the existing Ten Mile Creek Gold Property option agreement between Solomon and Radius.

Solomon will file assessment credits under the Yukon Quartz Mining Act to maintain the new claims which were acquired at no further cost to the Company.


Solomon‟s President and CEO Randy Rogers noted: “The new ground covers the northwestern flank of the JV claim group where our exploration crews have identified a series of compelling new soil geochemical anomalies in the vicinity of the Jual Vein System and where we have just completed our second phase of drilling, as well as the unexplored southeastern corner of the property which was open on strike towards the White Gold Property of Kinross Gold Corp. The addition of the new claims to the existing option agreement underscores the strong working relationship between Solomon and Radius and our mutual belief in the highly prospective nature of the Ten Mile Creek Gold Property.”

 

Solomon field crews have now demobilized the Ten Mile Creek camp for the winter, and the Company awaits assay results from the 2010 diamond drill program in which 800 meters of drilling was completed in six drill holes.


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 was 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 and supervised the preparation of the information that forms the basis of the disclosure contained in this news release. He has also reviewed the records of previous owners and operators of the Ten MileCreek 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

Christopher Haldane
Account Manager
CHF Investor Relations
Tel: (416) 868-1079 ext. 237
Fax: (416) 416-868-6198
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Jeanny So
Director of Operations
CHF Investor Relations
Tel: (416) 868-1079 ext. 225
Fax: (416) 416-868-6198
Email : This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accept responsibility for the adequacy or accuracy of this release