Solex Resources Corp.

Solex Resources Corp.

April 03, 2006 12:50 ET

Solex Resources Corp. Announces Diamond Drilling is Underway and Significant Alpha Track Radon Cup Survey Results Received on the Macusani Uranium Project, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2006) - Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") is pleased to announce the commencement of diamond drilling programs on the Sayana Prospect and the receipt of the Agaton prospect radon survey results at the Macusani Uranium Project, southern Peru.

Frontier Pacific Mining Corporation ("Frontier Pacific") is earning a 50% interest in the 50,000 hectare Macusani project by spending US$4 million over five years.

Sayana Prospect Drilling:

A 2,000 metre drill contract has been signed with Pac Rim Drilling S.A.C. of Lima, Peru, and drilling has commenced. Initial drilling will focus on the delineation of near-surface mineralization identified to date on the Sayana prospect. The Calvario I, Puncopata and Agaton targets will also be tested by diamond drilling. The drilling will assist in establishing potential grade and continuity of the uranium mineralization. Progressive assay results from the program are expected by the end of April. The program is also designed for expansion depending on the results.

Systematic trenching on the Sayana prospect returned values as high as 1% uranium over five metres, 0.132% over 14.5 metres, 0.195% over eight metres, 0.5% over five metres and 0.479% over four metres. These results can be referred to in Solex's previous news release dated March 2, 2006 and on the Company's website.

Agaton Prospect - AlphaTrack Radon Surveys:

The Company also announces the receipt of the results of the AlphaTrack radon cup surveys in the Agaton target. The radon cup surveys are designed to locate any hidden uranium mineralized zones, covered by thick overburden and/or overlain by younger volcanic flows, and to delineate the mineralization trends. The radon surveys were carried out by VDG del Peru S.A.C. of Lima, Peru, and the cup films were analyzed by Gennen McDowall of AlphaTrack. The AlphaTrack radon cups detect and track any radon gas emissions from the breakdown of hidden uranium sources.

A total of 168 cups were placed in areas where the favourable uraniferous ignimbrite is covered by overburden and/or overlain by younger, barren volcanic formations south of the area where fracture-controlled uranium mineralization was identified on surface. Several large and strong radon anomalies (overlimits) were identified. One prominent anomaly is present over an area of 1,200 metres by 700 metres and trends approximately north-south. The anomalies are open to the north.

AlphaTrack radon results from the recently completed survey on the Tuturamani prospect are expected in the next few weeks.

The analysis from Macusani drilling will be performed by Activation Laboratories Ltd. (Actlabs) of Ancaster, Ont., Canada. Actlabs has a preparation laboratory in Lima, Peru.

Mohan R. Vulimiri, MSc, PGeo, chairman of Frontier Pacific, is the person responsible for initiating and guiding the work programs. Brian Malahoff, BSc, PGeo, is responsible for the direct, on-site supervision of the drilling. Mr. Vulimiri and Mr. Malahoff are qualified persons in accordance with National Instrument 43-101 guidelines. Peter Tegart, president of Frontier Pacific, a qualified person, is responsible for the contents in this press release.


Solex is an exploration development stage company engaged in the acquisition and exploration of mineral properties, focusing on southern Peru. Solex has four main properties: Pilunani (lead-zinc-silver); Macusani (uranium); Cullquimayo (copper-silver-uranium) and Princesa (silver).

On Behalf of the Board of Directors of


Jonathan Challis, President & Director

This news release has been prepared by management of the company who takes full responsibility for its contents. This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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

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