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Share Name | Share Symbol | Market | Type |
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Iberian Minerals Ltd. | TSXV:SRW | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2014) - Solid Resources Ltd. ("Solid" or the "Company") (TSX-VENTURE:SRW) is pleased to announce it has completed its National Instrument 43-101 Technical Report on the Cehegín magnetite iron ore property located in south-eastern Spain. The report entitled "Solid Resources Ltd., Cehegín Magnetite Project, Murcia, Spain, NI 43-101 Technical Report", is dated April 28, 2014 and is prepared by Mr. Stanley C. Bartlett, M.Sc., PGeo., of Micon International Co Limited, in the United Kingdom.
There are no mineral resources to be declared for the deposit in accordance with the requirements of CIM standards. However, the historical data and consideration of reasonable possible extensions of the deposit do provide an indication of the available quantity of the mineralization, which is has an estimated potential of between 25 Mt and 30 Mt. It should be noted that the potential quantity and grade is conceptual in nature and that there has been insufficient exploration to define a mineral resource. It is uncertain whether further exploration will result in the targets zones being delineated as a mineral resource.
Highlights of the report include:
The detailed project execution plan developed by management of the Company will include an initial exploration and concept phase, feasibility studies leading to construction, commissioning and production.
The Company plans to make an immediate application for an exploration permit for the purpose of a 2,200 m (15 to 18 boreholes) drill program, which will target the best of the regional magnetite anomalies as well as selective near-mine magnetic anomalies that might improve the understanding of the historical deposits. It is important to understand that the historical drilling was limited to only four of the sixty-two concessions.
A full copy of the report is available on the Company's website at www.solidresources.com and on the Company's profile on SEDAR at www.sedar.com.
Technical information in this release has been reviewed and approved by Mr. Stanley C. Bartlett, M.Sc., PGeo., as the Company's "Qualified Person".
About Solid Resources
Solid Resources is a Canadian junior mining company focused in Spain on the exploration and development of rare and industrial metals. The Company is currently studying the re-opening of the Cehegin iron ore concessions in south-eastern Spain and is applying for an exploitation permit on its Alberta-1 tantalum/tin and lithium property in north-western Spain.
Neither the TSX Venture Exchange or 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.
Solid Resources Ltd.Greg PenduraPresident & CEO780-800-0726www.solidresources.comFox-Davies CapitalDaniel Fox-Davies, Managing Director orJonathan Evans, Director, Corporate Finance1 Tudor Street, London England+44(0) 20 3463 5000www.fox-davies.com
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