Solitaire Minerals Corp.

Solitaire Minerals Corp.

February 01, 2010 16:15 ET

Solitaire Minerals Corp. Adds to Land Package Surrounding Imperial's Red Chris Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2010) - Solitaire Minerals Corp. (TSX VENTURE:SLT) (Solitaire) has added 13,331 acres to its current land package surrounding Imperial Metal Corporation's (TSX symbol: III) Red Chris property in northwestern British Columbia, Canada. This newest property and Solitaire's third property in the region will be named Summit "C". To view a map of the location of Summit "A", Summit "B" and Summit "C" please visit the following link:

Solitaire has entered into option agreements whereby it can earn up to a 100% interest in three property units totaling 18,789 acres and collectively named the Summit Lake Project. The 2,948 acre Summit "A" property unit immediately borders the eastern boundary of Imperial Metal Corporation's Red Chris property. The 2,510 acre Summit "B" property is located ten kilometres northwest of the Red Chris property and the 13,331 acre Summit "C" property is located seven kilometres west of the Red Chris property.

Two mineralized systems have been identified on the Summit "B" property, within a kilometer to the south of a large early Mississippian granodiorite to diorite pluton. One system is indicated by several trenches exposing a system of vein-style copper, gold and silver mineralization over a strike length of approximately 170 meters with an average width of 5 meters. Grab samples of phyllitic material returned values to 3.6% copper; a 1.5-metre chip sample returned 0.17% copper (Assessment Report 21760). A sample of a 10-centimetre high-grade pod of quartz-pyrite-chalcopyrite-malachite assayed 8.98% copper, 24.5 g/t silver and 0.045 g/t gold (Assessment Report 21416).

The other system, located about 50 metres to the southwest, has a similar mineralogy to the first, but is arsenopyrite-bearing. Trenching has exposed a 1.0-metre lenticular quartz vein with blebs of pyrite, arsenopyrite and chalcopyrite. A grab sample returned 0.6% copper and 1.61 g/t gold (Assessment Report 21760).

Carl Schulze, BSc, PGeo, will be the Qualified Person for the Summit Lake Project.

About Solitaire Minerals Corp. (TSX VENTURE:SLT) is a diversified Junior Canadian Mineral Exploration Company with a specific focus on precious and base metal properties in North and South America. The Company has assembled exploration projects in Ontario, Saskatchewan, the Northwest Territories, Quebec, British Columbia, and in southern Peru.

For additional information please contact Solitaire Minerals Corp. or visit

On Behalf of the Board of Directors


Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Neither the 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