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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) announced significant findings at its Golden Crest project, revealing gold mineralization in two new areas. The exploration program prompted an expansion of the mineral claim position from 18,500 acres to 21,340 acres. Assay results highlight the highest gold value recorded to date at 8.13 grams per tonne. With promising initial sampling across several prospects, the company plans to initiate a drill program in 2022.
Solitario Zinc Corp. (NYSE American: XPL) announced the discovery of multiple areas with significant gold mineralization at its Golden Crest project in western South Dakota. The firm expanded its land position from 11,600 acres to 18,500 acres. Initial sampling of nine prospect areas revealed multiple high-grade gold assays, with the most notable areas being Whirlwind, Matchstick, and Treasure Vault, indicating a potential new gold district. Meanwhile, zinc prices have risen above $1.60 per pound, bolstering the company's prospects in that sector.
Solitario Zinc Corp (NYSE American: XPL, TSX: SLR) has announced its participation in the H.C. Wainwright & Co. Virtual Annual Global Investment Conference from September 13-15, 2021. CEO Chris Herald will host one-on-one meetings and deliver a corporate update on September 13 at 8:00am Eastern. Key highlights include the newly acquired Golden Crest gold project and updates on the Florida Canyon and Lik zinc projects. Solitario has a cash balance of approximately US$5.8 million and holds joint ventures in high-grade zinc projects in Alaska and Peru.
Solitario Zinc Corp (NYSE American: XPL) is set to participate in the Denver Gold Forum from September 12-15, 2021. CEO Chris Herald will conduct virtual one-on-one meetings and present a corporate update on September 13 at 2:00 PM Mountain Time. The presentation will highlight the recently acquired Golden Crest gold project, alongside the advanced Florida Canyon and Lik high-grade zinc projects. Solitario holds a 50% joint venture interest in the Lik zinc deposit in Alaska and a 39% stake in Florida Canyon zinc project in Peru. The company's cash and marketable securities total approximately US$5.8 million.
Solitario Zinc Corp. (NYSE American:XPL) has acquired around 11,600 acres of mineral rights in South Dakota, known as the Golden Crest Project, strategically located in a historic gold district. This project area boasts a continuous 145-year mining history and significant gold production potential, including possible ties to the renowned Homestake Mine. CEO Chris Herald emphasized the project as the company's most significant gold exploration to date, leveraging a systematic modern exploration strategy to uncover potential new deposits in a region rich in unexplored opportunities.
Solitario Zinc Corp. (NYSE American: XPL) has initiated exploration work on its Lik zinc project in Alaska, under a joint venture with Teck American Incorporated. The approved 2021 budget includes geochemical sampling, IP geophysics, and core drilling of at least 2,000 feet. The Lik project has an indicated resource of 17.3 million tonnes grading 12.0% zinc equivalent. This phase marks the first drilling in a decade amid rising zinc demand and prices. Teck, with extensive local experience, will operate the project. Fieldwork will begin immediately, with drilling set for July/August.
Solitario Zinc Corp. (NYSE American: XPL) held its Annual General Meeting on June 10, 2021, where 47.96% of shareholders voted. Key results included:
- Election of Directors: All six nominated directors were elected with high approval rates, notably John Labate at 94.57%.
- Executive Compensation: Approved with 98.45% voting in favor.
- Appointment of Auditors: Ratified with 99.53% in favor.
Solitario has a strong cash position of approximately US$7.6 million and valuable zinc projects in Alaska and Peru.
Solitario Zinc Corp (NYSE American: XPL) announced amendments to its 2021 Technical Report for the Florida Canyon project in Peru, addressing deficiencies noted by the Ontario Securities Commission. The amended report now includes necessary disclosures from the 2017 Preliminary Economic Assessment. Additionally, references to unsupported internal analysis regarding mine life and cash flows have been retracted. The resource estimates remain unchanged, and the company holds a strong cash position of approximately US$7.6 million.
Solitario Zinc Corp (NYSE American: XPL) will present at the H.C. Wainwright Spring Mining Conference on April 19-20, 2021. CEO Christopher Herald will showcase the company’s business and engage in one-on-one meetings with registered investors. The virtual event starts April 19 at 3:00 p.m. EDT and features over 60 corporate presentations. Solitario is a zinc exploration company holding significant joint venture interests in high-grade zinc deposits in Alaska and Peru, with a cash balance of approximately US$7.7 million.
Solitario Zinc Corp (NYSE American: XPL) has released a new NI 43-101 Technical Report detailing a significant increase in mineral resources at the Florida Canyon Project in Peru. The report shows a 105% increase in inferred zinc-equivalent resources compared to 2017, with a total inferred resource of 3.39 billion pounds Zn-Eq at 10.9% Zn-Eq. The report emphasizes the profitability of sulfide resources and recommends further metallurgical testing and exploration to enhance project economics.
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