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SRB

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Share Name Share Symbol Market Type
TSXV:SRB TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Solomon Stakes Nis and Sek Claim Groups in Southwest Yukon, Acquires Epithermal Gold Targets in Rhyolite Creek Volcano-Pluton...

22/08/2011 2:30pm

Marketwired Canada


Solomon Resources Limited (TSX VENTURE:SRB) is pleased to report that it has
acquired by staking 150 mineral claims located in the Whitehorse Mining District
of the Yukon Territory. The Nis 1 - 66 and Sek 1 - 84 mineral claims cover a
total area of 3135 hectares and are located 30 kilometers east of Solomon's
Rosie Gold Project, a highly prospective gold target indicated by regional
stream geochemical surveys and the discovery in 2010 by the Yukon Geological
Survey of an outcrop of highly silicified altered quartz feldspar porphyry at
the top of the Ruby Range batholith, likely the result of a high sulphidation
epithermal system.


The Nis and Sek Claims are located approximately 105 kilometers north of the
town of Haines Junction and approximately 20 kilometers west and northwest of
the Aishihik Road. The claims were staked in the course of a regional
exploration project conducted by Solomon which focussed on epithermal gold
targets in a poorly explored belt extending from the eastern headwaters of Dwarf
Birch Creek to the eastern shore of Aishihik Lake. The primary focus of the
project was the upper reaches of the Ruby Range batholith and Rhyolite Creek
Volcanic-Plutonic Complex extending east and west of the Rosie Claim Group. 


Historical mineral occurrences in the surrounding area formerly thought to
represent Casino-style copper-molybdenum-gold porphyry style mineralization are
now believed to be epithermal occurrences associated with the upper-most and
younger fractionated portion of the Ruby Range batholith. Historical regional
aeromagnetic data and regional airborne magnetometer data released by the
Geological Survey of Canada in July of 2011 corroborates the prospective nature
of these properties as do pronounced Bouguer Gravity Anomalies on the North
Aishihik regional gravimetric survey released by the Yukon Geological Survey in
May of 2011. Historical regional stream sediment geochemistry data shows
anomalous gold values coupled with one or more of copper, molybdenum, arsenic,
mercury and antimony. 


The geological setting of the Nis and Sek Claim Groups is poorly understood but
fieldwork conducted early in the 2011 season shows that both properties include
outcrop of the Rhyolite Creek volcano-plutonic complex, the youngest porphyritic
phase of the Ruby Range batholith and its volcanic equivalents which locally
consists of intermediate volcanic flows, breccia and tuff, flow-banded rhyolite
and felsic tuff. The Ruby Range Batholith underlies the west and central portion
of the Sek Claim Group and is locally composed of quartz diorite and
granodiorite. 


Recent work by the Yukon Geological Survey has drawn new attention to this area,
and a significant increase in claim staking in this belt over the past few
months suggests that companies looking to acquire new and prospective ground
outside of the heavily staked Dawson Range and Selwyn Basin Gold Districts are
turning their attention to the underexplored Ruby Range.


To view map please click on the following link:
http://media3.marketwire.com/docs/SRBmap1.pdf 


Solomon's President and CEO Randy Rogers notes: "The Nis and Sek Claims are
highly prospective for epithermal gold mineralization. Recent work by the Yukon
Geological Survey has suggested a compelling similarity between the geological
setting and mineralization potential of the Coast Belt in the Ruby Ranges and
the Juneau Gold Belt. The similarities between the two areas are striking, and
mineralization seen to date in this portion of the Ruby Range have
characteristics indicative of epithermal style mineralization."


To view map please click on the following link:
http://media3.marketwire.com/docs/SRBmap2.pdf


QA/QC:

Solomon has implemented quality assurance and quality control measures in its
exploration programs, including the following: 




--  All field and data analysis work is carried out under the supervision of
    qualified Solomon geologists and geophysicists in accordance with
    procedures developed to conform to current 'best practices' in mineral
    exploration. 
--  Analytical work for this project is conducted by Acme Analytical
    Laboratories (Vancouver) Ltd., and ALS Canada Ltd. (Whitehorse) - both
    certified analytical laboratories. 
--  In addition to internal checks and standards provided by the labs,
    Solomon includes blind duplicate and blank samples. All analytical
    sample checks and standards are within reasonable limits of error.



Qualified Person:

Randy Rogers, M.Sc., P.Geo. a "Qualified Person" for the purposes of National
Instrument 43-101, Standards for Disclosure for Mineral Projects of the Canadian
Securities Administrators, and the President and Chief Executive Officer of
Solomon, has verified the data disclosed herein, reviewed the records of
previous owners and operators of the Pacer Claim Group and approved the
disclosure contained in this news release. 


Forward Looking Statements:

Some of the statements in this news release may contain forward-looking
information, which involves inherent risk and uncertainty affecting the business
of Solomon. Actual results may differ materially from those currently
anticipated in such statements.


About Solomon Resources Ltd.:

Solomon Resources Ltd. is a Canadian public company focused on the acquisition,
exploration and development of quality mineral properties worldwide. Solomon is
managed by a proven team of exploration geologists involved with the discovery
and development of a number of significant mineral deposits including the Snip
and Eskay Creek deposits in British Columbia and the Brewery Creek deposit in
the Yukon Territory. 


Solomon's business model is that of a Project Generator. To build shareholder
value, the Company intends to acquire highly prospective mineral tenures in
stable jurisdictions with the objective of adding value through grassroots
exploration and target refinement and then seeking option or joint venture
partners through to production.


The Project Generator model is particularly suited to the Company's ongoing
interest in the Yukon Territory where Solomon has a wealth of intellectual
capital and experience.


If you are viewing this news release with a browser that does not support
graphics, please visit our website where the full content of this news release
is available as well as details of the individual Solomon Yukon projects.


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