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From: Nigel
ArtDate: 12th December 2006
Section: (FILLYABOOTS NEWS RELEASES)
Remote Name: 84.9.59.118
Date: 22/12/06
Time: 20:04
12th December 2006
Solomon Gold plc 2nd Rig Contracted at Sutakiki
News Item - Conduit PR
Second drill rig contracted at Sutakiki, Solomon Islands
Highlights:
A second drill rig has been contracted to Solomon Gold for the Sutakiki copper gold porphyry exploration program. The first hole at Sutakiki has reached a depth of 400 metres having first entered quartz -sulphide veining from 90 metres depth. Planned depth is 600 metres. Ongoing mapping and sampling programs at Sutakiki reveal extensions to mineralisation. Samples up to 150 g/t gold average 46.6 g/t in vein outcrops. The directors of Solomon Gold are pleased to announce that a contract for a second diamond coring rig at the recently discovered 100% owned Sutakiki gold project has been signed. Boart Longyear is contracted to provide 5000 metres of drilling services. Boart Longyear is one of the most experienced drilling contractors in the world for campaigns in remote locations and rugged tropical and wet terrains. The board believes that Boart Longyear's experience in New Zealand, Papua New Guinea, Fiji and Tasmania will provide a basis for the drilling to proceed at a faster rate than that currently experienced at Sutakiki.
Solomon Gold recently discovered the Sutakiki porphyry and overprinted epithermal gold zone. This is situated upstream of highly anomalous stream sediment sampling data collected by Newmont in 1988. Mapping and sampling by Solomon Gold has outlined a zone of epithermal gold mineralisation in vein swarms, up to 1500 metres long and 500 metres wide. Sampling in the discovery zone July and August 2006 returned assays up to 1090 g/t gold and 3.29% copper and averaging 7.5 g/t gold and 0.41% copper over a 100 metres wide and 150 metres long zone.
The full press release is attached. If you require further comment then do call 020 7429 6666.
Edward Portman Conduit PR Ltd 76 Cannon St London EC4N 6AE Office: +44 (0) 20 7429 6666 Direct: +44 (0) 20 7429 6607 Fax: +44 (0) 20 7429 6699 Mob: +44 (0) 773 3363 501
www.conduitpr.com
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