Solex Resources Corp.

Solex Resources Corp.

April 10, 2006 08:30 ET

Solex Resources Corp.: Initial Phase of Diamond Core Drilling Completed on Sayana Prospect and Drilling Underway on Calvario I Target, Macusani Uranium Project, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2006) - Further to the press release dated April 3, 2006, Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") is pleased to announce that the initial phase of diamond core drilling consisting of 8 holes was completed on the Sayana Prospect, Macusani Uranium Project, Southern Peru.

The drilling tested an area 100 metres by 50 metres to a depth of approximately 30 to 50 metres. Previous trenching returned near surface mineralization values as high as 1% Uranium over 5 metres, 0.132% over 14.5 metres, 0.195% over 8 metres, 0.5% over 5 metres and 0.479% over 4 metres. Assay results from the drilling will be released on receipt. Down-hole radiometric surveys will be carried out to further evaluate and correlate with assays the extent of the mineralization.

The drill is being mobilized to Calvario I Prospect located approximately 16 kilometres to the north. A total of 12 core holes are planned to test exposed uranium mineralization as well the strongest over-limit AlphaTrack radon anomaly. The 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.

Further details can be referred to in Solex's previous news releases and on the Company's website.

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

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

Mohan R. Vulimiri, MSc, PGeo, Chairman of Frontier Pacific and Director of Solex, 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.


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 SOLEX RESOURCES CORP.

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.

Contact Information