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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.
Solitario Zinc Corp. (NYSE American: XPL) has announced the results of its Annual General Meeting held on June 21, 2022, where over 51.56% of outstanding shares voted. Key outcomes included the election of seven directors, approval of executive compensation, and the ratification of Plante Moran PLLC as auditors for fiscal year 2022. Notably, the company has ramped up its exploration efforts at the Golden Crest project and commenced drilling at the Lik zinc project in Alaska. Total cash and marketable securities stand at approximately US$7.5 million.
Solitario Zinc Corp (NYSE American: XPL) has announced updates on its high-grade zinc projects, Lik and Florida Canyon, for 2022. The Lik project in Alaska boasts an Indicated Resource of 17.6M tonnes with grades of 8.07% zinc. A joint budget with Teck for exploration drilling is approved, targeting resource extensions. The Florida Canyon project in Peru holds an Indicated Resource of 2.4M tonnes with 10.62% zinc. Key initiatives include road access improvements, metallurgical testing, and expanding drilling permits. Both projects signify robust future potential.
Solitario Zinc Corp. (NYSE American: XPL) has appointed Debbie Mino-Austin to its Board of Directors. Mino-Austin, who previously served as Vice-President of Investor Relations for over 30 years, brings significant industry expertise. Her role will also include chairing the company's Health, Safety, Environmental, and Social Responsibility Committee, indicating a strong commitment to ESG issues. The Board has expanded its size from six to seven directors to enhance governance. Solitario holds key interests in zinc projects in Alaska and Peru and maintains a cash balance of approximately US $8 million.
Solitario Zinc Corp. (NYSE American: XPL) has announced promising new assay results from its Golden Crest property in South Dakota. Surface grab samples from the Sunrise area revealed high gold grades of 20.1, 17.6, and 7.9 grams per tonne (gpt), extending over at least 900 meters. Significant results were also reported from the Treasure Vault and Log Jam areas, with a total of 25 new assays from five locations, indicating strong potential for gold mineralization. The company aims for further exploration to define these zones, reinforcing its optimistic outlook for the 2022 season.
Solitario Zinc Corp (NYSE American: XPL) announced an online corporate update scheduled for March 3, 2022, at 1:00 pm EST, focusing on the Golden Crest project in South Dakota. President & CEO Christopher Herald will present significant exploration results. The company engages in high-quality gold and zinc projects, holding joint venture interests in notable deposits in Alaska and Peru. Solitario maintains a strong cash position of approximately US$6.5 million and emphasizes corporate governance and ESG initiatives.
Solitario Zinc Corp. (NYSE American: XPL) announced favorable assay results from the Downpour Zone at the Golden Crest Project in South Dakota, revealing a 24-meter interval with an average gold grade of 9.69 gpt. The mineralization is open in all directions, with high-grade grab samples indicating gold values up to 126 gpt. The results support the company's aggressive exploration plans for 2022, aimed at further defining drill targets and discovering new mineralization areas. The Golden Crest property spans 28,000 acres in a historically productive gold district.
Solitario Zinc Corp (NYSE American: XPL) is participating in the John Tumazos, Very Independent Research Conference on February 16, 2022, at 4:00 PM EST. President and CEO, Christopher Herald, will present details on the Golden Crest project in South Dakota, showcasing exceptional recent exploration results. The company focuses on Tier 1 gold and zinc projects, holding interests in other high-grade projects in Alaska and Peru. Solitario emphasizes commitment to Environmental, Social, and Governance (ESG) practices.
Solitario Zinc Corp. (NYSE American: XPL) announced the discovery of high-grade gold at its Golden Crest project in South Dakota. The Downpour Zone revealed an area of approximately 170 by 70 meters with an average gold content of 12.6 grams per tonne from eleven samples. Solitario also identified 13 additional gold-bearing zones and expanded its mineral claims to nearly 28,000 acres. The 2022 exploration program aims to further investigate these areas, bolstered by a substantial cash balance of approximately $6.7 million.
Solitario Zinc Corp. (NYSE American: XPL) announced agreements with investors for the sale of 3,100,000 shares at $0.50 each, totaling $1.55 million. The offering, approved by the Board of Directors, had no underwriter fees, and proceeds will support working capital and corporate needs. Executive officers purchased 150,000 shares collectively. The company aims to enhance cash reserves, now approximately $7 million, and advance exploration at the Golden Crest Project, anticipating a drill program in 2022. Solitario also holds significant joint venture interests in two zinc projects.
Solitario Zinc Corp (NYSE American: XPL) announced its participation in the H.C. Wainwright & Co. Virtual Mining Conference from November 30 to December 1, 2021. CEO Chris Herald will conduct one-on-one meetings and deliver a presentation on December 1 at 3:30 PM EST. Solitario focuses on zinc and gold exploration, holding interests in high-grade deposits in Alaska and Peru. The company has a cash balance and marketable securities totaling approximately US$5.6 million.
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