Solid ResourcesTSXV - SRW
OTCQX - SLDRF
Shares Outstanding - 93.9 million
Fully Diluted - 147.3 million
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Tin, Tantalum, Lithium, Niobium, Rubidium & Cesium
To view the full news release, click here
OTCQX - SLDRF
Shares Outstanding - 93.9 million
Fully Diluted - 147.3 million
-----------------------------------------
Tin, Tantalum, Lithium, Niobium, Rubidium & Cesium
Today Solid Resources highlighted its 2011 Drill Program on its 100% owned Doade-Presqueiras rare metals property in Spain.
In the news release Greg Pendura, President & CEO of Solid Resources talks about the company’s unique position to “become a non-conflict provider of tantalum and at the same time develop the first tantalum mine in Europe.”
At approximately $250/lb ($150/lb concentrate), Tantalum is a rare metal that is found in a vast majority of modern electronics. Tantalum has made worldwide headlines as it is classified as a “Conflict Mineral”, which are minerals mined in conditions of armed conflict and human rights abuses. Notably in the eastern provinces of the Democratic Republic on the Congo. The United States passed a law in July 2010 which prohibits American companies from purchasing “Conflict Minerals”.
Management also mentions in the release that Spain (a stable country) has been a supporter of Solid’s efforts. It has granted Solid Resources the maximum subsidy of 20% for work being done in the county.
Drilling Highlights
With the results now available the expected average contents of the deposit can be estimated in the order of 150 g/T of tantalum, 800 g/T of tin and approximately 1% of lithium.
The maximum grades found have been: 293 ppm tantalum, 2,930 ppm tin, 191 ppm niobium and more than 2% of lithium.
Next steps for the company Is the completion of a NI43-101 resource estimate and a metallurgical study during Q4 2011.
View 3D Animations of drilling on the Presqueiras (Northern-most) & Taboazas (Southern-most) sections of Spanish Rare Metals property.
In the news release Greg Pendura, President & CEO of Solid Resources talks about the company’s unique position to “become a non-conflict provider of tantalum and at the same time develop the first tantalum mine in Europe.”
At approximately $250/lb ($150/lb concentrate), Tantalum is a rare metal that is found in a vast majority of modern electronics. Tantalum has made worldwide headlines as it is classified as a “Conflict Mineral”, which are minerals mined in conditions of armed conflict and human rights abuses. Notably in the eastern provinces of the Democratic Republic on the Congo. The United States passed a law in July 2010 which prohibits American companies from purchasing “Conflict Minerals”.
Management also mentions in the release that Spain (a stable country) has been a supporter of Solid’s efforts. It has granted Solid Resources the maximum subsidy of 20% for work being done in the county.
Drilling Highlights
With the results now available the expected average contents of the deposit can be estimated in the order of 150 g/T of tantalum, 800 g/T of tin and approximately 1% of lithium.
The maximum grades found have been: 293 ppm tantalum, 2,930 ppm tin, 191 ppm niobium and more than 2% of lithium.
Next steps for the company Is the completion of a NI43-101 resource estimate and a metallurgical study during Q4 2011.
View 3D Animations of drilling on the Presqueiras (Northern-most) & Taboazas (Southern-most) sections of Spanish Rare Metals property.
To view the full news release, click here
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