Solid Gold Resources Corp.

Solid Gold Resources Corp.

May 17, 2011 05:00 ET

Solid Gold Resources Corp.: High Grade Gold Intersected at Lake Abitibi

TORONTO, ONTARIO--(Marketwire - May 17, 2011) -Solid Gold Resources Corp. ("Solid Gold") (TSX VENTURE:SLD) is pleased to announce that drill Hole SG 11-28 returned an average 20.7 g/t Gold over 1.4 metres including at

204.4 to 205.4 meters 15.9 g/t
205.4 to 205.8 meters 32.7 g/t

The hole was collared approximately 100m west-southwest of hole SG 10-09 where two zones of gold mineralization were earlier reported.

"This high grade intersection demonstrates the economic potential of the new SG 10-09 discovery area. When taken together with PGE's in the Ghost range (March 24, 2011) and a 3rd area of mineralization found 6km south of SG 10-09 (April 27, 2011), the results significantly advance Solid Gold's mission to identify multiple deposits on our claim block", states Darryl Stretch, CEO of Solid Gold.

Results for the remaining 8 holes of the drill-testing program will be reported as they become available.

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