Suite 1788 - 650 West Georgia Street
Vancouver, BC, Canada V6B 2N8
Phone 604-683-5445
Facsimile 604-687-9631
info@www.solitaireminerals.com
www.solitaireminerals.com
TSX-Venture: SLT
US: SREMF
Solitaire Minerals Corp. Updates its Red Lake Work Programs along with
initial Diamond Drilling Results from Chukuni
July 7, 2006: Solitaire Minerals Corp. (TSX-V symbol: SLT) (the Company) has received the
results for the initial 11 holes drilled on the Chukuni property in Red Lake, Ontario. The Chukuni
property is located approximately 2 km south of Goldcorp’s new #3 Shaft, and 3 km south of the
historic Red Lake Mine.
A total of 11 holes, totaling 2117 m of NQ core, were drilled. Core was then logged, cut, and
samples (366) were sent to be processed at Accurassay Labratories in Thunder Bay, Ontario.
The main objective of the drilling program was explorative in nature, and was designed to better
identify lithologies, contacts, structural features, and to test possible mineralized zones which
were identified within the geophysical interpretation. Target zones were chosen from various
airborne magnetic anomalies (highs, lows), Fraser filtered VLF-EM data, as well as from
previous mapping, trenching, and drilling results.
Diamond drilling identified a medium to coarse grained pyroxenite body, intermixed with fine
grained, weakly foliated (45o ) basalt and medium to coarse grained melanodiorite with weak
sulphide mineralization. At depth, the basalt unit grades into a more medium grained groundmass,
with very strong silicification, and a weakly mineralized (3-5% po, py, aspy, mag) background
veining zone. Late lampophyre dykes crosscut these lithologies. Several weakly mineralized, iron
carbonate altered quartz- tourmaline veins were noted within the basalts. Localized breccia zones,
associated with increasing silicification, biotite alteration, and sulphide replacement zones, were
noted in holes CH-06-08,-09, and -10. A shear zone identified in CH-06- 08 appears to be one of
the main structural conduits controlling this sulphide replacement. Significant assay values
returned were from Sample 135282 (CH-06-09) yields 1.597 gpt Au over 0.5 m (45.5- 46 m
depth).
The Chukuni property lies within the southern corridor of the Cochenour- Gullrock deformation
zone. Gold mineralization within the zone is largely controlled by structure, lithological
compentency, hydrothermal alteration, fluid migration, and wallrock geochemistry.
Geochemically, several stages of silicification play an important role in gold mineralization, as
early massive quartz- carbonate veins ‘prepped’ the host rock for later Au deposition, whilst later
silicic replacement along vein intersections hosted much of the ore. This Cochenour- Gullrock
deformation zone is of significant interest within the Red Lake Mining District as it is host to the
Red Lake Mine ‘Trend’. Goldcorp Inc.’s Red Lake- Campbell Mine Complex currently remains
one of Canada’s largest and richest Archean gold deposits.
The Company, along with the assistance of Rubicon Minerals Corp. is in the process of
examining the compiled data to select further drill targets on the Chukuni property.
Mr. Garry Clark, P.Geo, is the Qualified Person on the Chukuni Property.
Red Lake North Update
Solitaire Minerals would also like to announce that it is planning a summer work program, along
side Rubicon Minerals, on the optioned Red Lake North property to further determine drill site
locations.
The Red Lake North property is located approximately 22 km northeast of Red Lake, Ontario, in
the prolific Red Lake Mining District. The property consists of forty seven staked mining claims
totaling 329 units (approximately 5264 Ha). The property is 30 minutes by logging road from the
Town of Red Lake, which is the business and government centre for the region. The area has a
rich mining history, with two active producing mines (the Campbell and Red Lake Mines), and
has all the facilities and infrastructure required to develop a new mining operation.
The Red Lake North property is separated into two distinct packages of ground. The larger of the
two blocks is located on the northwest margin of the Black Bear Intrusive. Geologically, the
property is dominated by a package of Balmer assemblage mafic and ultramafic volcanic rocks
which are overlain by altered intermediate sediments. The stratigraphic units are interpreted to be
upright and dipping at 60 to 70 degrees to the northwest. A series of northwest trending, vertical
to subvertical faults crosscut and offset stratigraphy. This property is directly along strike from
the recent ‘Planet Zone’ Au discovery, currently being explored by Goldcorp/Planet (TSX-V
symbol: PXI). Based on historical drilling and geophysical interpretation on this land package,
the extension of Au bearing sericite schist that is observed on the Planet Zone continues
southwest onto the newly acquired property. The prospective sericite schist target horizon is
interpreted to occur at depth and along the entire 12km strike length of the property. All three
holes drilled by Rubicon intersected the prospective sericite schist altered horizon.
The smaller of the two blocks is situated on the up-dip and down-dip extensions of the recent
Goldcorp/Planet Au discovery. Geologically, the property is dominated by a package of Balmer
assemblage mafic and ultramafic volcanic rocks which are overlain by altered intermediate
sediments. The southeastern claim block is on the contact between the overlying Balmer
Assemblage volcanics and the Cat Island Pluton to southeast. Based on drilling by RMX, the
prospective Au bearing sericite schist horizon continues onto the northwestern claim block, at
depth. To date, only two holes have been drilled on this claim block. Further drilling is required
to test for the continuity and controls of Au mineralization on the property.
For additional information on Red Lake North please visit our link at:
http://www.solitaireminerals.com/exploration/canada/redlakenorth
To view a map of Red Lake North please visit our link at:
http://www.solitaireminerals.com/pdf/exploration/map_redlake_north.pdf
About Solitaire Minerals Corp. Solitaire Minerals Corp is a diversified junior Canadian mineral exploration
company with a specific focus on mineral properties in North America. The Company has assembled a portfolio of
precious and base metal exploration prospects in Ontario, Saskatchewan, and Alberta. Solitaire's Ontario properties in
the Red Lake/Birch-Uchi Greenstone Belt include the Baird, Heyson and Chukuni River Prospects, in which the
Company has agreements to earn 100% in, but has not yet vested its interest. In addition, the Company has entered into
an option agreement with another company, whereby that company may earn up to a 50% interest in the Baird
Property. The Company also has an option to earn 100% in the Lateral Lake West property located in the Webb
township of Ontario. In Saskatchewan, the Company has signed a purchase agreement to acquire a 100% interest in the
Highrock Lake property and a 90% interest in the Riou Lake Property located in the Athabasca Basin. The Company
has also acquired the Riou Lake North and South properties in which the company has 100% interest. In Alberta, the
Company has purchased the Ravenscrag property in which the Company has 100% interest.
For additional information please contact Solitaire Minerals Corp.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
"Charles
Desjardins"
Charles Desjardins,
President and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statements in this press release other than purely historical information, historical estimates should not be relied upon,including
statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. Forwardlooking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s
business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those
described in the forward-looking statements.