Solomon Resources Limited
TSX VENTURE : SRB

Solomon Resources Limited

January 14, 2013 09:30 ET

Solomon Conducts Inventory of Artisanal Tin and Coltan Minesites in Rurembo Tin Project, Republic of Rwanda

VERNON, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2013) - Solomon Resources Limited (TSX VENTURE:SRB) is pleased to report that it has received a preliminary inventory of artisanal tin and coltan (niobium-tantalum) minesites within the Rurembo Prospecting Licence area in the Republic of Rwanda. The survey was completed by contract geologist Claver Mahungiro of Geoscad Ltd. and his associate Celestin Havugimana.

The survey of artisanal miners will provide valuable information as to the location of mineralized pegmatite dyke swarms in the project area.

Rwanda is still recovering from the genocide of 1994, and the geological database prior to the civil war has largely been destroyed. The Rwandan government has amassed a remarkable set of new geological, geochemical and geophysical data in the past five years with the intent of attracting foreign exploration investment, and Solomon's Rurembo Prospecting Licence is the first exploration program to benefit from the release of that data.

Solomon's President and CEO Randy Rogers noted: "We have received incredible cooperation from the Government of Rwanda Geology and Mines Authority (OGMR) and Rwanda Development Board (RDB). The Rwandan Ministry of Natural Resources continues to release new data and Solomon is uniquely positioned to assess new exploration targets in this highly prospective and under-explored environment."

The Rurembo Project is a grassroots exploration program for tin (Sn) - tantalum (Ta) - niobium (Nb) and tungsten (W) largely predicated upon the proximity of the former Belgian mine at Gatumba and the projected strike extensions of that geological environment into the Rurembo Licence Area.

The primary exploration focus of the Project is Neo-Proterozoic pegmatites mineralized with cassiterite and columbite-tantalite (coltan); in addition to conventional geological, geochemical and geophysical exploration techniques that will be utilized the recently completed inventory of artisanal minesites will provide invaluable evidence of where the mineralized pegmatites outcrop and offer a weathered exposure amenable to primitive artisanal extraction.

Mahungiro and Havugimana identified 252 artisanal extraction sites within the licence area.

To view Figure 1: Artisanal Miners - Rurembo Licence Area, please visit the following link: http://media3.marketwire.com/docs/solomon1.pdf.

As many of the artisanal workings were found to be operating without permits, production records for these sites were not readily accessible. Government records appear to be incomplete and, in many cases, the boundaries of licenced artisanal operations were found to be inconsistent with permit boundaries. In addition, many of the artisanal workings at higher elevations were found to be inactive, largely due to access issues or the absence of water during the dry season that is required for sluicing.

The Rwandan field crew also documented road and trail access to the artisanal workings throughout the Rurembo licence area and mapped the artisanal sites on Solomon's 1:50,000 scale topographic base. The contract geologists noted that access to many of the artisanal sites was made difficult by severe topography and the absence of bridges and river crossings that had been destroyed during the genocide. In many of these cases, Solomon will be required to upgrade road and trail access to facilitate ongoing exploration.

To view Figure 2: Documented artisanal licences in the Rurembo Project Area, please visit the following link: http://media3.marketwire.com/docs/solomon2.pdf.

Solomon's President and CEO Randy Rogers observed: "The inventory of the artisanal minesites is an important milestone in the early stages of the project - the documented extraction of tin and coltan from weathered outcrops of mineralized pegmatites offer a positive indication of potential mineralization that may exists at depth and which will be explored with conventional surface and sub-surface exploration techniques in the coming months. We are refining our exploration targets using airborne geophysical data provided by OGMR as well as very high resolution aerial orthophotography that clearly shows the artisanal workings and the pegmatite dyke swarms. We continue our analysis of the available data to identify dilationary zones where the pegmatite dykes are crosscut by regional structures and mineralized poches-de-greisen may occur."

To view Figure 3: Aerial Orthophotographic Base: Rurembo Licence Area, please visit the following link: http://media3.marketwire.com/docs/solomon3.pdf.

QA/QC:

Solomon has implemented quality assurance and quality control measures in its exploration programs. All field and data analysis work is carried out under the supervision of qualified Solomon geologists and geophysicists in accordance with procedures developed to conform to current 'best practices' in mineral exploration.

Qualified Person:

Randy Rogers, M.Sc., P.Geo. a "Qualified Person" for the purposes of National Instrument 43-101, Standards for Disclosure for Mineral Projects of the Canadian Securities Administrators, and the President and Chief Executive Officer of Solomon, has approved this release and verified the data herein disclosed by conducting field examinations of the Rurembo Licence Area, supervision of exploration contractors working in the field and a review of historical reports.

Forward Looking Statements:

Some of the statements in this news release may contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Solomon. Actual results may differ materially from those currently anticipated in such statements.

About Solomon Resources Ltd.:

Solomon Resources Ltd. is a Canadian public company focused on the acquisition, exploration and development of tin, niobium and tantalum projects in equatorial Africa. The recent acquisition, subject to stock exchange approval, of an option to acquire a 100% interest in the Rurembo Tin Project in the Republic of Rwanda is the first of a series of property acquisitions and new projects in this underexplored and highly prospective region which Solomon hopes to undertake. Solomon also holds legacy projects in the Yukon Territory, British Columbia and Alaska.

Solomon's business model is that of a Project Generator. To build shareholder value, the Company intends to acquire highly prospective mineral tenures in stable jurisdictions with the objective of adding value through grassroots exploration and target refinement and then seeking option or joint venture partners through to production.

For additional information visit Solomon's website at www.solomonresources.ca.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Solomon Resources Ltd.
    Randall S. Rogers M.Sc., P.Geo.
    President and Chief Executive Officer
    (778) 475-5551
    www.solomonresources.ca