Solitaire Minerals Corp. Options a Portion of Its Windfall Lake Land Position Located in Quebec, Canada to Geo Minerals Ltd.
November 15 2010 - 1:27PM
Marketwired
Solitaire Minerals Corp. (TSX VENTURE: SLT) (Solitaire) has entered
into an option agreement with Geo Minerals Ltd. (TSX-V symbol: GM)
on Solitaire's most northerly Windfall Lake property located in
northwestern Quebec, Canada. This option includes Solitaire's most
recently staked ground announced November 12th 2010 making the
complete land package approximately 2,200 acres to the south of
BonTerra Resources Inc.'s (BonTerra) Eastern Extension property.
BonTerra is in the midst of a successful drilling program with many
notable gold intercepts over significant intervals. To view
BonTerra's most recent announcements visit
www.bonterraresources.com.
Geo Minerals can earn a 60% interest in property located along
the southwest trend of Eagle Hill Exploration Corp.'s Windfall Lake
project and BonTerra Resources Inc.'s Eastern Extension property.
Eagle Hill's Windfall Lake property hosts high-grade gold veins and
has potential for wide mineralized zones of gold mineralization
which has underground and near-surface bulk mining potential.
For Geo Minerals to earn a 60% interest in this land package
they must pay to Solitaire $120,000 cash, issue 1,250,000 shares
and cause expenditures of $1,750,000 over a 3 year period.
Mike Magrum, P.Eng., a qualified person under National
Instrument 43-101, has approved the technical content of this news
release.
About Solitaire Minerals Corp. (TSX VENTURE: SLT) is a
diversified Junior Canadian Mineral Exploration Company with a
specific focus on precious and base metal properties in North
America. In addition, the Company intends to acquire Metallurgical
coal leases.
For additional information please contact Solitaire Minerals
Corp. or visit www.solitaireminerals.com.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
Charles Desjardins, President and Director
Cautionary note:
This report contains forward looking statements. Resource
estimates, unless specifically noted, are considered speculative.
Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. By their nature, forward
looking statements involve risk and uncertainties because they
relate to events and depend on factors that will or may occur in
the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic
factors. Cautionary Note to US investors: The U.S. Securities and
Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically
and legally producible under existing economic and operating
conditions.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Solitaire Minerals Corp. Charles Desjardins President
and Director 604-683-5445 604-687-9631 (FAX)
info@solitaireminerals.com www.solitaireminerals.com
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