Solid Gold Resources Corp.
TSX VENTURE : SLD

Solid Gold Resources Corp.

April 27, 2011 11:15 ET

A Third Area of Mineralization at Lake Abitibi

TORONTO, ONTARIO--(Marketwire - April 27, 2011) -Solid Gold Resources Corp. ("Solid Gold") (TSX VENTURE:SLD) is pleased to announce that Hole SG 10-20b returned 2.0 gt/Au over 1.1 meters, in the south-central region of the Legacy Gold Property, approximately 6 km south of the gold zones intersected earlier in hole SG 10-09.

"The Phase One program has been very successful in locating mineralized structures and reducing the risks associated with further exploration. Results from Holes SG 10-05, SG 10-09 and SG 10-20b confirm at least three distinct zones of mineralization within this large property, and we are highly encouraged by the potential of the claim block," states Darryl Stretch, president of Solid Gold.

A total of 28 holes have been completed for Phase One and the results of the final nine holes will be reported as they become available. Four of these holes are testing the North Grid targets drilled from the ice on Lake Abitibi and five follow-up holes have been drilled in the SG 10-09 area.

The table below presents the assay result for drill testing hole SG10-20b.

Rock UnitFromToLength(m)Au(g/t)Target
SG10-20bbrecciated/qtz flooding174.00175.101.12.09Testing overburden anomaly

Drilling has been suspended due to spring breakup. Data from the program is being incorporated into a 3-D model and will be used in planning for a larger Phase Two program.

Technical data in this News Release was prepared for Solid Gold by Bill MacRae, PGeo (Ontario) who is Solid Gold's Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Business of Solid Gold Resources Corp.

Solid Gold is a junior mining exploration and development company, which controls a +/-200-square-kilometer prospect hosting potential for discovery of economic mineralization at Lake Abitibi near the Porcupine Fault zone in Northern Ontario.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Solid Gold believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Solid Gold disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Solid Gold Resources Corp.
    Richard Cohen
    Vice-President (Corporate Development)
    (905) 882-4422
    rcohen@clarkavenue.com