Sola Resource Corp.

Sola Resource Corp.

October 20, 2009 08:00 ET

Sola Resource Corp.: Dash Gold Property Drill Results and Updated NI 43-101 Technical Report

CALGARY, ALBERTA--(Marketwire - Oct. 20, 2009) - Sola Resource Corp. (TSX VENTURE:SL) (PINK SHEETS:SORSF)(the "Company") wishes to announce additions to its recently announced exploration- and drill- results from its Dash gold property in B.C. This property is optioned from Fundamental Resource Corporation (FRC) which will retain a 2% NSR and if the option is completed, Sola will have earned a 100% ownership position. 

The Dash gold prospect is located 105 kilometres northwest of Lillooet, British Columbia at the headwaters of Dash and Relay Creeks. The Property is underlain by Lower Cretaceous Taylor Creek Group pyroclastic rocks. These rocks are intruded by Early-Late Cretaceous and/or younger granodiorite and feldspar porphyry with associated carbonate-sericite-quartz-pyrite alterationZones of intense carbonitization, silicification, brecciation and banded chalcedony with colloform textures occur adjacent to gold-bearing minerals. Mineralization consists mostly of pyrite, with lesser amounts pyrrhotite, chalcopyrite, molybdenite, chalcocite, arsenopyrite, bornite, and stibnite. In 1987-88, Esso Resources Canada conducted a detailed evaluation of the "A" anomaly ('A' grid) which included geological mapping, soil sampling, and IP geophysics. Five zones of gold enrichment were identified: 1) Spine , 2) Road, 3) 25 m, 4) 75 m, 5) 65 m.

The Spine, Road and 25 m Zones line up along a north-northwest trend, and are located 150-300 metres to the west the 75 m Zone and 65 m Zones. Gold-bearing mineralization occurs in and northwest trending parallel zones. The potential for economic concentrations of gold present in the 'A' grid located in the west portion of the Dash property are demonstrated
by the following table highlighting significant drill hole intercepts from 1982, & 1987-88:
None of the intercepts is true width

Drill Hole (location)TypeWidthAu g/t       
DDH R82-1 (65 m Zone)Diamond drill hole1.50 m10.30
DDH R82-4 (65 m Zone)Diamond drill hole2.50 m  3.30
1988RC-13 (Spine Zone)Reverse Circulation7.50 m  2.90
1988RC-13 (Spine Zone)Reverse Circulation9.00 m  2.00
RYC-88-001 (Spine Zone)Diamond drill hole5.60 m  1.46
RYC-88-006 (75 m Zone)Diamond drill hole2.73 m  2.24
RYC-88-008 (75 m Zone)Diamond drill hole4.77 m  1.95 
RYC-88-008 (75 m Zone)Diamond drill hole1.30 m  5.90

Field relationships suggest that ubiquitous pyrite and/or pyrrhotite was present during the emplacement of the North Relay Porphyry. Thermal and chemical reaction with the wall rock produced induration and large haloes of disseminated pyrite/ pyrrhotite and weak argillic alteration (partial decomposition of feldspars to allunite, dickite, and kaolinite), during the emplacement of the intrusive complex during Middle to Late Cretaceous (80-105 Ma). Movement along the Relay Creek and Yalakom Fault systems may have occurred at this time, but a second geological event took place during the Eocene, 40-44 Ma, that has produced brecciated and banded, epithermal quartz-carbonate zones. The activation of deep seated major faults act as conduits for hydrothermal fluids. The North Relay gold bearing intrusive complex features common to low sulphidation epithermal mineralization, i.e. pervasive replacement of the rock by silica minerals (quartz-chalcedony-adularia and minor sericite-illite-kaolinite and blanket-like carbonate alteration combined with high sulphidation components found in the upper part of a telescoped porphyry, such as advanced argillic, i.e. abundant secondary clay with quartz-pyrite). 

The following table lists results of 2009 core drilling holes on the Dash Gold Project Spine Zone: None of the intercepts is true width

Drill Hole #From (m)To (m)Width (m)g/t Aug/t Ag% Zn
09DDH-1Includes 126127
09DDH-1Includes 174176
09DDH-2Includes 2830

The following table lists significant gold values from 2009 outcrop rock chip samples:

Sample #Zone Name Width (m)g/t Aug/t Ag% Zn
Dash09AR-1365 mSub-crop grab1.614.40.09
Dash09AR-1565 mSub-crop grab2.8  1.70.01
Dash09AR-2475 m2.81.1  1.90.06
Dash09AR-2675 m0.41.9  4.40.01
Dash09AR-2775 m0.310.247.90.07

The following table lists significant gold values from 2009 soil sampling which was located
1-2.8 km east of the Spine, 75 m, 65 m and Road Zones:

Zone NameLocation relative to Main ZoneEasting  Line UTM
NAD 83
Northing Station UTM NAD 83
(from-to in meters)
Anomaly Width (m)ppb Auppm Zn
XYZ1.0 km ESE 5036005670750-900200343403
XYZ1.1 km ESE5037005670900-5671000150625627
XYZ1.2 km ESE5038005671050-100100286171
XYZ1.3 km ESE 5039005670900-5671050200277180
XYZ1.4 km ESE5040005670850-900100315183
XYZ1.5 km ESE5041005670650  50360112
Red Bluff2.3 km ESE5049005670400  50320142
Red Bluff2.4 km ESE5050005670200  50540156
Red Bluff2.5 km ESE5051005669950-5670150250297372
Red Bluff2.6 km ESE5052005670050-150150515356
Red Bluff2.7 km ESE5053005670400  50705237
Red Bluff2.8 km ESE5054005670200-300150257174

Management anticipates follow-up geological interpretation and fieldwork on the numerous gold deposit targets outlined in the 2009 program on the Dash Gold Project. The 2009 data was compiled by Andris Kikauka, P.Geo, a Qualified Person as defined by NI 43-101.

The 2009 data was compiled by Andris Kikauka, P.Geo, a Qualified Person as defined by NI 43-101.

Sola also invites investors to visit its web-site:
to view an updated NI 43-101 technical report on Dash which includes all 2009 results.

We seek safe harbor.


William Pfaffenberger, Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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