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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.
DENVER, CO / ACCESSWIRE / February 28, 2023 / Solitario Zinc Corp. (NYSE American:XPL) announces positive assay results from its Spur Gold Zone and a newly identified Zig Zag area in South Dakota. Key findings include Spur Trench 1 showing 234 meters at 0.82 gpt gold and Zig Zag Trench 1 at 27 meters grading 3.22 gpt gold. The combined area covers approximately 800 x 700 meters, indicating a significant presence of multi-gram gold values. The company is advancing drill hole permitting for further exploration, with environmental studies completed. The South Dakota properties hold strategic significance due to their historical gold production potential.
Solitario Zinc Corp. (NYSE American:XPL) has announced significant findings in the newly identified Spur Gold Zone, located south of the existing Geyser Gold Zone. The expanded Geyser-Spur area now measures approximately 650 x 225 meters, with notable assay results showing an average of 6.8 grams per tonne of gold. Additionally, the Downpour site has recorded a substantial increase in gold grades, reaching 17.6 grams per tonne over 36 meters. The company is advancing its drill hole permitting and anticipates further assay results that may expand these promising zones.
Solitario Zinc Corp. (NYSE American: XPL) has reported significant expansion of the Geyser Gold Zone at its South Dakota property. The area of high-grade gold mineralization has increased from 60 x 90 meters to 125 x 225 meters. Eleven select surface samples show an average grade of 28.6 grams of gold per tonne. Preliminary results indicate the mineralization may extend up to 450 meters in length. Additionally, drill hole permitting for the Golden Crest property is progressing, with an Environmental Assessment expected to be completed in Q2 2023.
Solitario Zinc Corp. (NYSE American: XPL) will participate in the John Tumazos Very Independent Research Conference on December 8, 2022. CEO Chris Herald will present updates on the Golden Crest project and other zinc projects. The company also holds significant interests in the Lik and Florida Canyon zinc projects through joint ventures. Currently, Solitario has a cash balance of approximately US$6.0 million and its management holds about 9.3% of the total shares. The company emphasizes its commitment to ESG principles.
Solitario Zinc Corp. (NYSE American:XPL) announced the discovery of a new high-grade gold and silver mineralization area named Geyser in South Dakota, following the expansion of its land position to over 33,000 acres. Assay results showed gold ranging from 1.1 gpt to 94.2 gpt, with an average of 29.8 gpt, and silver averaging 71.1 gpt. The Geyser prospect covers approximately 90 x 60 meters. Solitario aims to explore further as it looks to develop this promising site and enhance its strategic holdings in a historical mining district.
Solitario Zinc Corp. (NYSE American:XPL) has announced the significant expansion of the Downpour high-grade gold zone at its Golden Crest Project in South Dakota. New discoveries with gold values reaching up to 87.3 grams per tonne have been reported in multiple areas, resulting in a total footprint of 800 meters by 500 meters. The mineralization is attributed to hydrothermal processes and is believed to indicate the potential for a substantial gold deposit. The company is also advancing drill hole permitting, with final environmental assessments expected by mid-2023.
Solitario Zinc Corp. (NYSE American: XPL) announced assay results from 23 surface trench samples at its Downpour prospect in South Dakota, enhancing previous findings. Key highlights include Trench 1 with 33.0 meters at 17.19 grams per tonne gold and Trench 2 at 60.0 meters with 8.55 gpt gold. The company is expanding its exploration efforts with approximately 700 additional samples being processed. The Golden Crest Project covers 28,000 acres, strategically located in a region with a rich gold mining history, and aims to begin core drilling in Q2 2023, pending permits.
Solitario Zinc Corp (NYSE American: XPL) will participate in the H.C. Wainwright & Co. Hybrid Annual Global Investment Conference from September 12-14, 2022. CEO Chris Herald is set to host one-on-one meetings and deliver a presentation on September 13 at 7:00 AM ET, focusing on major projects including the Golden Crest gold project and the Florida Canyon and Lik zinc projects. The company maintains a cash balance of approximately US$6.3 million and holds significant joint venture interests in high-grade zinc deposits.
Solitario Zinc Corp. (NYSE American: XPL) announced positive assay results for 19 surface trench samples at its Golden Crest Project in South Dakota. Highlights include Trench 1 showing 27.0 meters at 15.0 gpt gold, marking a significant increase in grade. Trench 2 reported 30.0 meters at 11.1 gpt gold. Additional samples are being processed, with plans to expand exploration efforts. The project is positioned within a historically rich gold mining area, benefiting from existing infrastructure and a skilled workforce.
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