Solomon Resources Limited
TSX VENTURE : SRB

Solomon Resources Limited

February 12, 2013 09:30 ET

Solomon Reports Tin Assays in Excess of 4% at Gipfizi Ridge in the Rurembo Project, Republic of Rwanda

VERNON, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2013) - Solomon Resources Limited (TSX VENTURE:SRB) is pleased to report that two rock samples from the Gipfizi Ridge area which had previously returned tin analyses in excess of detection limits (see news release dated January 28, 2013) have been re-analyzed using a sodium peroxide fusion technique for refractory ores, with ICP emission spectrometry reporting tin assays in percent (%).

The two samples of highly weathered pegmatite dyke material returned tin (Sn) assays of 4.703 % and 4.252 % as shown in Table I. The previously reported values of Niobium (Nb) and Tantalum (Ta) are shown for comparison. Latitude and longitude coordinates for the samples are shown in SUTM Zone 35 and WGS84 datum.

Sample Number mE mN % Nb % Ta % Sn
2124632 810402 9787410 0.102 0.102 4.703
2124666 810138 9786955 0.053 0.147 4.252

Table I: Analytical results - Gipfizi Ridge: Niobium (Nb), Tantalum (Ta) and Tin (Sn) expressed in percent (%). All coordinates are in SUTM Zone 35 and WGS84 datum.

Solomon field crews under the supervision of Project Geologist Terry Coyle, M.Sc., P.Geo., obtained these two samples, ranging in weight from 0.72 to 0.77 kilograms, of highly weathered pegmatite dyke material in this area of artisanal mining activity.

Gipfizi Ridge is a high priority follow-up area identified in Solomon's analysis of airborne geophysical data and geological mapping in the Rurembo Prospecting Licence area. This target includes a zone of active artisanal mining identified in an inventory recently completed by the Company's geological contractors.

To view Figure 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/srb212i.pdf

Solomon's President and CEO, Randy Rogers, noted: "It should be stressed that these very promising assay results are from reconnaissance samples collected from only one of our five highly prospective targets. We will assess the need for mechanized trenching and diamond drilling in this area as the program evolves. The immediate challenge at Gipfizi will be to determine the continuity of mineralization across zones where our geophysical analysis indicates the pegmatite dykes may continue at depth."

Analytical Results:

The assays were performed by Acme Laboratories, Vancouver, British Columbia, a certified analytical laboratory. Rock samples were crushed to 80% -10 mesh; a 250 gram sample was then split and pulverized to 85% -200 mesh. The two samples that reported tin analyses in excess of detection limits (10,000 ppm) in results reported January 28, 2013 were re-analyzed using a sodium peroxide fusion technique developed for refractory ores, with tin assays expressed in percentage values as determined by ICP emission spectrometry.

Blanks, duplicates and standards were inserted into the sample stream and all returned results within reasonable limits of error.

QA/QC:

Solomon has implemented quality assurance and quality control measures in its exploration programs.

Field work is conducted under the direct supervision of a 'Qualified Person' (as defined under National Instrument 43-101, Standards for Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators). Data is accurately recorded in the field and all data points are located with respect to known reference points. The exploration process (including planning, mapping, sampling, sample preparation, sample security and analysis or testing) is carefully documented and accompanied by a detailed record setting out the procedures followed and the results obtained.

All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Solomon's exploration procedures are developed to conform to current 'best practices' in mineral exploration.

Qualified Person:

Randy Rogers, M.Sc., P.Geo., a Qualified Person under NI 43-101, 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 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 Limited
    Randall S. Rogers, M.Sc., P.Geo.
    President and Chief Executive Officer
    (778) 475-5551
    (778) 475-5541 (FAX)
    www.solomonresources.ca