New Porphyry Copper–Gold Discovery, Mongolia
Solomon Resources Ltd. (SRB:TSX-V) is pleased to announce that a significant zone of copper-gold mineralization has been discovered by Asia Gold Corp. TSX-V(ASG) on Solomon/Gallant’s Tsakhir License in Mongolia. The Tsakhir License is one of four Copper-Gold properties that Solomon optioned to Asia Gold. Solomon holds the property, subject to an Option Agreement with Gallant Minerals Ltd. Asia Gold can earn a minimum 70% interest the property.
Vancouver, Canada, November 8, 2005 (PRWEB) November 10, 2005 -- Solomon Resources Ltd. (SRB:TSX-V) is pleased to announce that a significant zone of copper-gold mineralization has been discovered by Asia Gold Corp. TSX-V(ASG) on Solomon/Gallant’s Tsakhir License in Mongolia. The Tsakhir License is one of four Copper-Gold properties that Solomon optioned to Asia Gold. Solomon holds the property, subject to an Option Agreement with Gallant Minerals Ltd. Asia Gold can earn a minimum 70% interest the property.
Asia Gold announced that new surface exploration results from the Khongor porphyry copper-gold project confirm that a 600-meter long zone of outcropping copper mineralization is present on the Tsakhir License of Solomon and Gallant. The total strike length of the mineralized zone is now 1,700 meters and it remains open to the southeast, on the Tsakhir License. A 126-metre continuous rock-chip sample line across the outcropping mineralization, in the recently discovered southeast extension, assayed 0.42% Copper and includes 54 meters with a grade of 0.72% copper and 0.13 grams per tonne (g/t) Gold. Forty two continuous rock chip samples, each 3.0 meters in length, were collected from a 126- meter sample line across the outcropping copper oxide mineralization.
Keith Laskowski, President of Solomon Resources commented “ We are very excited about these results, because the area which hosts the mineralization has no reported historic occurrences of mineralization, and has not been explored. The size of the area containing outcropping copper-gold mineralization, and the grades that Asia Gold have reported, are very impressive”. For further information see the Asia Gold’s News Releases dated August 19 and October 18, 2005.
Forward Looking Statements
Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Solomon Resources Ltd. 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 gold properties world wide. The Company is managed by a proven team of exploration geologists credited with the discovery and/or development of a number of significant deposits in the world, including the SNIP, Eskay Creek, and Brewery Creek deposits in Canada, the Segala gold deposit in Mali, the Chimney Creek, Mule Canyon, Ruby Hill, Mesquite, and Ortiz gold deposits in the United States, the Gosowong deposit in Indonesia, and the Cadia East deposit in Australia.
Solomon has active copper-gold and gold exploration projects in Mongolia, Australia and Burkina Faso. Solomon Resources Ltd. is a Tier 1 Company listed on the TSX Venture Exchange (TSX-V) and trades under the banner (SRB). For additional information visit Solomon’s website at www.solomonresources.ca.
Contact Information - Keith A. Laskowski, President and COO
Direct: 1 720-272-6224
Larry Nagy, Chairman and CEO:
Office: 604-669-6656
Fax: 604-684-9877
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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