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.
Solitario Resources Corp. (NYSE American: XPL) is a mining and metals exploration company located at 4251 Kipling Street, Suite 390, Wheat Ridge, Colorado, USA. The company's core focus is on the acquisition, exploration, and development of zinc properties and other precious metals across safe jurisdictions in North and South America.
Solitario boasts a diverse portfolio of joint venture interests in major zinc development projects. Among the company's flagship assets are the Florida Canyon Zinc Project in Peru, which is co-developed with Nexa Resources S.A., and the Lik Zinc Project in Alaska, in partnership with Teck Resources. Additionally, Solitario has the Golden Crest Project in South Dakota, where its exploration efforts have delineated significant high-grade gold mineralization across several large target zones.
The company's Florida Canyon Project is a high-grade zinc deposit held in a 39%/61% joint venture with Nexa Resources. Recent developments include community agreements to support ongoing exploration and the planned drilling of 4,000 meters targeting high-grade extensions. Permitting is in place to expand drilling activities significantly, with efforts supported by extensive geophysical surveys and geological studies.
At the Lik Zinc Project, a 50/50 venture with Teck Resources, Solitario is set to conduct core drilling to extend known mineralization zones. The use of advanced geophysical surveys aims to identify deeper mineral deposits, further enhancing the project's potential.
Solitario's Golden Crest Project has recently yielded impressive discoveries, including the Wild Rose and Geyser gold zones, where surface sampling has shown high-grade gold values. The U.S. Forest Service has published a favorable environmental assessment for the proposed drilling program, paving the way for further exploration.
Financially, Solitario is robust, with substantial cash reserves and marketable securities. The company recently bolstered its financial position through a $2.5 million private placement, increasing its largest shareholder, Newmont’s, stake to 9.95%. The proceeds will fund ongoing exploration and corporate activities.
Solitario maintains a strong commitment to Environmental, Social, and Governance (ESG) principles, ensuring that its operations positively impact the environment and local communities. The company collaborates with top-tier partners who share its values in responsible resource development.
For more detailed information about Solitario Resources Corp., visit their website at www.solitariozinc.com.
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.
Solitario announced the final approval of its revised Plan of Operations for the Golden Crest gold project by the US Forest Service, along with acceptance of its reclamation bond by the South Dakota Board of Minerals. This allows exploration drilling to commence with several high-quality gold targets, totaling 5,000 meters of drilling in Phase-One. CEO Chris Herald emphasized the milestone and the company's readiness to expand the drilling scope based on early results. Furthermore, COO Walter Hunt will retire at the month's end, with Sandor Ringhoffer joining the Golden Crest management team. Solitario's Golden Crest properties in South Dakota are strategically located and rich in gold potential.
Solitario Resources Corp. (NYSE American: XPL) announced the results of its annual general meeting held on June 20, 2024. Shareholders holding 39,943,338 shares participated, voting on four primary proposals. Seven directors were elected, with each receiving a high percentage of 'For' votes exceeding 91%. The shareholders also approved executive compensation with 98.45% 'For' votes. Additionally, a majority of shareholders voted to continue annual advisory votes on executive compensation. Assure CPA, was appointed as the auditor for the fiscal year 2024 with 99.32% 'For' votes. The company expressed satisfaction with the results and highlighted ongoing exploration projects in South Dakota, Alaska, and Peru.
Solitario Resources has announced the discovery of three new high-grade gold zones at its Golden Crest project in South Dakota. The zones, named Holland, Top Dollar, and Wildcat, show assay results as high as 57.9 grams per tonne (gpt) gold. A total of 203 samples were collected, with 51 samples containing over 0.2 gpt and 27 samples exceeding 1 gpt. These findings are within a four-square-kilometer area between the Downpour and Sleeping Beauty targets. The company plans to commence drilling in June 2024 to further explore these zones. The Golden Crest property, strategically located in a historically productive mining district, is 100% owned by Solitario. The company also has significant zinc projects in Alaska and Peru.
Solitario Resources Corp. receives a positive decision notice from the United States Forest Service for its Golden Crest Gold Project in South Dakota. The company plans to move forward with its drilling program to test high-quality gold targets starting in June. Solitario's CEO commends the USFS for their thorough analysis and environmental protection efforts, emphasizing the importance of responsible mineral exploration. The company holds interests in high-grade zinc projects in Alaska and Peru, with a strong focus on ESG practices.
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