Solomon rises on drilling results

2nd Dec 2010 09:14

Gold miner Solomon Gold said that results from recent drilling at various Queensland prospects continue to support the targeted resource definition of one million ounces of gold equivalent. The recent drill results from the Brother prospect at Rannes has been most encouraging, where the potential for a significant resource discovery is indicated, a company statement said.Solomon continues to discover mineralised prospects returning significant gold intersections in drilling over a 25 kilometres long north westerly trend at Rannes. The discoveries provide further support for Solomon Gold's discovery of a new Carlin style sediment hosted gold trend on the eastern margin of the southern Bowen Basin in Queensland.Further encouraging gold intersections have also been returned from holes at Cracklin Rosie and the company is seeing depth extensions to the mineralisation at the Crunchie prospect.The Bania prospect at Mt Perry, near to the Newcrest Mt Rawdon mine, has yielded further encouraging results and Solomon is optimistic that the prospect will yield a significant resource to contribute to the maiden Mt Perry resource statement.The grant of the Fauro East prospecting licence over Masamasa and Piru Islands, east of the existing Fauro Prospecting licence, has gone through. The grant of Fauro East is expected to double the available inventory of rich gold and copper targets in the Fauro Caldera for Solomon Gold. The 9,900 metres drilling programme for the Fauro prospect is slated to start on schedule in mid-December.