Solitaire Minerals Corp.
TSX VENTURE : SLT

Solitaire Minerals Corp.

September 07, 2010 09:00 ET

Solitaire Minerals Outlines Gold-Bearing Horizon Near Red Chris Project

Composite Grab Samples Up to 17.9 g/t Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2010) -  Solitaire Minerals Corp. (TSX VENTURE:SLT) (Solitaire) is pleased to report that preliminary surface geological mapping and geochemical sampling has outlined a gold-bearing horizon on its Summit B (Kitty) property. The 1,395-hectare (3,446-acre) property is located 5 km north of the Village of Iskut, northern British Columbia, Canada.

Previous programs focused on copper exploration, outlining a trend of roughly 100 metres of strongly anomalous copper values from rock sampling. Although copper was the main focus, rock sampling also returned several high gold values to 4.950 g/t gold along a parallel zone roughly 30 metres southwest of the main trend. 

The 2010 program included due-diligence style sampling of the known trend and other copper occurrences, but focused largely on identification and delineation of the gold bearing horizon. Further exploration at the location which had previously returned values of up to 4.950 g/t gold yielded two notable rock composite grab samples of similar auriferous rock. The values were assayed to be 17.9 g/t gold with 18.5 g/t silver, and 10.9 g/t gold with 15.9 g/t silver respectively. Detailed grid soil sampling and rock sampling indicate these correspond to a 250-metre trend of anomalous gold values, including a rock chip sample of similar material grading 1.875 g/t gold across 2.0 metres. Similar coincident anomalous copper-gold values were returned from soil sampling about 250 metres farther northwest along trend. This trend represents a new target warranting further exploration within the Summit B block.

Elsewhere on the Kitty property, a 0.7-metre chip sample of sheared limestone returned a value of 3.03 g/t gold with 0.090% copper. A 1.2-metre outcrop chip sample at a separate location returned 0.32% copper; composite grab sampling throughout the property returned numerous anomalous copper values from 0.271% to 1.505% copper. All samples from the 2010 exploration program were assayed at ALS Chemex located in North Vancouver, Canada.

The Kitty property is located about 20 kilometres northwest of the world-class Red Chris project held by Imperial Metals Inc. As of 2005, Imperial Metals reported that mineable reserves stand at 276 million tonnes grading 0.349% copper and 0.266 g/t gold, with a 25 year mine life, assuming copper prices of US$1.10/ lb and gold prices of US$400/oz.

Compilation of results is ongoing for the Summit A, C and D projects, all located in the Red Chris area.

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

About Solitaire Minerals Corp.

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 America. In addition, the Company intends to acquire Metallurgical coal leases. Solitaire continues to negotiate for coal leases with near and long term production potential.

For additional information please contact Solitaire Minerals Corp. or visit www.solitaireminerals.com.

On Behalf of the Board of Directors

SOLITAIRE MINERALS CORP.

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.

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