Welcome to our dedicated page for Solitario Resources news (Ticker: XPL), a resource for investors and traders seeking the latest updates and insights on Solitario Resources stock.
Company Overview
Solitario Resources Corp (XPL) is a natural resource exploration and development company dedicated to the discovery and advancement of high‐quality Tier-1 gold and zinc projects in North and South America. With its headquarters in Wheat Ridge, Colorado, the company has strategically positioned itself within safe jurisdictions and established mining districts, enabling it to leverage highly developed infrastructure, a skilled mining workforce and regulated mining environments. This robust foundation supports its objective of identifying large-scale, high-grade mineralization through a combination of strategic joint venture partnerships and 100%-owned projects.
Core Business and Assets
Solitario’s core business centers on the acquisition, exploration and development of zinc and precious metal properties, with a strong focus on gold exploration. The company’s portfolio includes significant development projects such as the Florida Canyon Zinc Project in Peru, the Lik Zinc Project in Alaska (in partnership with Teck Resources) and the multi-target Golden Crest project in South Dakota. Each asset is carefully selected on the basis of its exploration potential, geological merit and strategic location within historically prolific regions such as the Homestake-Wharf mining district.
Exploration Methodology and Technical Expertise
Solitario employs industry-standard exploration techniques that include infill rock sampling, core drilling and low-impact permitting processes. By utilizing comprehensive QA/QC protocols, chain‐of‐custody procedures, and accredited laboratory analyses, the company ensures that all assay data is both reliable and compliant with industry regulations. In particular, its work on the Golden Crest project demonstrates a high level of analytical rigor, with surface grab samples and core drilling uncovering multiple zones of high-grade gold mineralization that are carefully mapped to understand their geological controls. Strategic use of terms such as hydrothermal alteration, Tier-1 gold and high-grade zinc underscores the company’s technical expertise and deep-rooted knowledge of mineral exploration practices.
Strategic Joint Ventures and Market Position
The company maintains significant joint venture interests that bolster its project portfolio and mitigate development risks. With a 50% joint venture stake in the highly regarded Lik zinc deposit in Alaska and a 39% interest in the Florida Canyon project in Peru, Solitario benefits from the technical and financial strength of industry-leading partners. These collaborative arrangements enable the company to leverage external expertise and capital while maintaining a robust position in markets known for sustained mining production and well-documented mineral endowments.
Project Highlights and Operational Excellence
Among its various initiatives, the Golden Crest project stands out as a core asset where multiple high-grade gold zones have been identified through rigorous surface sampling and drilling campaigns. Zones such as Geyser, Sleeping Beauty, Holland, Top Dollar and Wildcat exemplify the company’s approach to dissecting complex geological settings using precise sampling techniques. The consistent application of low-impact core drilling and systematic target expansion has allowed Solitario to emphasize rigorous environmental protocols while extracting detailed geological insights from each project area.
Industry Terminology and Expertise
Solitario leverages a wide array of technical terms and geological concepts that reveal its deep industry knowledge. Commonly used terms include stratigraphic horizons, structural controls, high-grade intercepts and mineralized feeder structures. The company’s documentation of rock types—from Mission Canyon limestone to Lower Deadwood and Precambrian Homestake formations—demonstrates its commitment to a detailed exploration narrative that informs stakeholders of both the complexity and the potential of each asset.
Environmental and Regulatory Compliance
While Solitario’s primary focus is on mineral exploration, the company is also committed to adhering to stringent environmental and regulatory standards. All exploration activities are conducted with minimal environmental impact. Regulatory permits, including those issued by local agencies and the U.S. Forest Service, underscore the firm’s methodical approach to planning and executing drilling programs in a manner that safeguards natural resources and public interests. This dedication to responsible exploration practices reinforces Solitario’s credibility and trustworthiness within the industry.
Balanced and Unbiased Presentation
The information provided reflects a thorough and impartial analysis of Solitario’s operations, emphasizing factual, verifiable details over speculative or promotional language. Every claim regarding geological assessments, project potential and operational methodologies is supported by thorough exploration data and an understanding of the broader mining environment. By focusing on a logical presentation of key facts and industry-specific insights, the description aims to serve as a reliable resource for investors and analysts seeking a detailed understanding of the company’s assets and market position.
Conclusion
Solitario Resources Corp’s focused exploration strategy, combined with a diversified portfolio of zinc and gold projects, positions it as an informative case study in modern mineral exploration. The company’s rigorous adherence to technical standards, environmental compliance and collaborative operational models underscores its role in a competitive and dynamic industry. With a disciplined approach to project advancement and a commitment to transparent disclosure, Solitario continues to provide a nuanced and expert perspective on the exploration and development of natural resources in historically significant mining districts.
Solitario Resources (NYSE American: XPL) has announced that President and CEO Chris Herald will deliver a live webcast presentation at the Mining Forum Europe in Zurich, Switzerland on April 2, 2025, at 12:50 pm CEST.
The presentation will cover key developments including:
- Review of Solitario's 2024 maiden drilling program at the Golden Crest Gold property in South Dakota
- Details of the planned 2025 drilling program
- Updates on the advanced-stage Florida Canyon and Lik high-grade zinc projects
Solitario (XPL) has announced its participation in the upcoming PDAC Conference scheduled for March 2-3, 2025, at the Toronto Convention Centre. The company will be exhibiting at Booth 2422A in the Investors Exchange section, which will be open from 10:00 am to 5:00 pm on both days.
During the conference, management will be available to discuss their key projects: the Golden Crest project in South Dakota, Florida Canyon project in Peru, and the Lik project in Alaska. Additionally, the company will participate in the PDAC One-on-One Program, organized in partnership with Precious Metals Summit Conferences
Solitario Resources (NYSE:XPL) announced successful results from its 2024 drilling program. The company completed 11 core holes totaling 4,345.7 meters at its Golden Crest property, with six holes intersecting gold grades exceeding 1 g/t. Notable results include hole GC-011 intersecting 2.68 meters grading 4.69 g/t gold.
The drilling program revealed significant gold mineralization in four different areas, suggesting the company's 36,500-acre land position could mirror the Homestake-Wharf gold system. The company plans to expand drilling in late-May, focusing on priority areas including the Downpour zone, Lands End, and the Ponderosa area, where strong surface gold anomalies have been identified.
Solitario has identified ten high-priority surface targets, with two already drilled in 2024. Five new targets are being permitted for 2025 drilling. The company maintains approximately US$5.8 million in cash and marketable securities.
Solitario Resources (NYSE:XPL) announced significant drilling results from its Golden Crest Project, revealing two new styles of gold mineralization. Drill hole GC-010 intersected 11.55 g/t gold over 0.52 meters in a paleo-placer deposit and 2.45 g/t gold over 0.43 meters in a rock flour diatreme breccia.
Notably, Precambrian Homestake Banded Iron Formation (BIF) was discovered in holes GC-009 and GC-010, marking the only area outside the Homestake district where such formation has been identified. The Homestake BIF historically hosted 68 million ounces of gold about 15 kilometers east of these drill holes.
The company completed 11 core holes totaling 4,345.7 meters in 2024, with results from ten holes already received. Solitario has identified ten high-priority surface targets, with four new targets scheduled for drilling in 2025.
Solitario Resources announced significant drilling results from its Golden Crest Project, reporting a new Wharf-style gold discovery in drill hole GC-008. The hole intersected gold mineralization in the lower Deadwood formation with an average grade of 1.0 gram per tonne over 41.0 meters, with grades increasing with depth. The final two meters averaged 3.4 gpt before technical difficulties ended drilling.
This represents the first mineralization discovered in Lower Deadwood outside the historic Homestake-Wharf district. The discovery is part of a major structural zone extending over 12 kilometers in length and 500 meters wide. The company completed 11 core holes totaling 4,345.7 meters in 2024, with results received for the first eight holes.
Solitario Resources Corp. (NYSE American:XPL)(TSX:SLR) announces that President and CEO Chris Herald will deliver a live webcast presentation at the John Tumazos Very Independent Research, on October 9th, 2024, at 2:45 pm EDT. The presentation will focus on:
- Golden Crest's maiden drilling program in South Dakota
- Updates on advanced-stage Florida Canyon and Lik high-grade zinc projects
Solitario is a natural resource exploration company specializing in Tier-1 gold and zinc projects. Key holdings include:
- 50% joint venture in the Lik zinc deposit (Alaska)
- 39% joint venture in the Florida Canyon zinc project (Peru)
Solitario Resources Corp. (NYSE American:XPL)(TSX:SLR) has announced significant gold discoveries from its first three drill holes at the Golden Crest Project. Highlights include:
- 32.0 meters averaging 1.7 g/t gold, including 14.2 meters at 3.1 g/t
- 26.4 meters averaging 2.6 g/t gold, including 14.4 meters at 4.2 g/t
The mineralization occurs within a brecciated evaporite horizon with silicification and hydrothermal alteration. The company plans to drill about a dozen core holes totaling up to 5,000 meters this year, testing two of ten high-priority target areas. Four more targets are scheduled for drilling in 2025. Solitario's Golden Crest properties are located near the Homestake-Wharf mining district, which has historically produced 52 million ounces of gold.
Solitario Resources Corp. (NYSE American: XPL, TSX: SLR) has announced that its President and CEO, Chris Herald, will deliver a live webcast presentation at the 36th Annual Gold Forum Americas/XPL-Dev conference on September 16, 2024, at 3:10 pm Mountain Time. The presentation will focus on:
- Assay results from the first three drill holes of the maiden drilling program at the Golden Crest gold project in South Dakota
- Updates on other Golden Crest exploration activities
- Brief review of the advanced-stage Florida Canyon and Lik high-grade zinc projects
Solitario is a natural resource exploration company with a focus on Tier-1 gold and zinc projects. The company's 100%-owned Golden Crest properties are strategically located in the Homestake-Wharf mining district, which has historically produced about 52 million ounces of gold. Solitario also holds joint venture interests in the Lik zinc deposit in Alaska and the Florida Canyon zinc project in Peru.
Solitario Resources Corp. (NYSE American: XPL, TSX: SLR) announced that CEO Chris Herald will present at the 26th Annual Global HC Wainwright conference on September 10, 2024, at 12:30 pm ET. The presentation will include a strategic overview of Solitario and details about the drilling program at the Golden Crest gold project in South Dakota. Final assays for the first three Golden Crest core holes are expected late next week.
Solitario focuses on Tier-1 gold and zinc projects, including its 100%-owned Golden Crest properties in South Dakota, a 50% joint venture in the Lik zinc deposit in Alaska, and a 39% joint venture in the Florida Canyon zinc project in Peru. The company's cash balance and marketable securities stand at approximately US$8.3 million, with management and directors holding about 9.1% of the 81.6 million shares outstanding.
Solitario Resources Corp. (NYSE American:XPL)(TSX:SLR) has commenced core drilling on its 100%-owned Golden Crest gold project in South Dakota. The Phase-One 2024 drilling program aims to drill 10-12 holes totaling 5,000 meters, starting with the high-grade Downpour Zone. Previous trenching and surface sampling revealed significant gold values, with trench assays up to 17.60 g/t gold and 37 select surface grab samples showing high-grade distributions. The project is located near the Homestake-Wharf mining complex, which has produced approximately 52 million ounces of gold. Solitario's cash balance and marketable securities stand at approximately US$9.3 million.
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