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Sola Resource Corp. has released recent exploration and drill results from its Dash gold property in British Columbia. This property is optioned from Fundamental Resource Corp., which will retain a 2-per-cent NSR, and if the option is completed Sola will have earned a 100-per-cent ownership position. Sola would also like to announce that on the basis of the preliminary results of its preliminary 2009 program, it has increased the land position around the original Dash property, in conjunction with FRC, from 3,561 hectares to 5,809 hectares, to cover new prospective targets for further exploration.
The Dash gold prospect is located 105 kilometres northwest of Lillooet, B.C., at the headwaters of Dash and Relay creeks. The property is underlain by lower Cretaceous Taylor Creek group pyroclastic lithologies. These rocks are intruded by early to late Cretaceous and/or younger granodiorite and feldspar porphyry with associated carbonate-sericite-quartz-pyrite alteration zones. These zones of carbonatization, silicification, brecciation and banded chalcedony with colloform textures occur associated with gold-bearing minerals. Mineralization consists mostly of pyrite, with lesser amounts pyrrhotite, chalcopyrite, molybdenite, chalcocite, arsenopyrite, bornite and stibnite. In 1987 an 1988, Esso Resources Canada conducted a detailed evaluation of the A anomaly (A grid) that included geological mapping, soil sampling and IP geophysics. Five zones of gold enrichment were identified, namely: the Spine zone, the Road zone, the 25 m zone, the 75 m zone and the 65 m zone.
The Spine, Road and 25 m zones are aligned along a north-northwest trend, and are located 150 to 300 metres to the west the 75 m zone and 65 m zone. Gold-bearing mineralization occurs in north- and northwest-trending parallel zones. The potential for larger concentrations of gold present in the A grid located in the west portion of the Dash property were demonstrated by the old drill results table highlighting significant drill hole intercepts from 1982 and 1987 to 1988.
OLD DRILL RESULTS
Drill hole (location) Type Width Au g/t
DDH R82-1 (65 m zone) Diamond drill hole 1.50 m 10.30
DDH R82-4 (65 m zone) Diamond drill hole 2.50 m 3.30
1988RC-13 (Spine zone) Reverse circulation 7.50 m 2.90
1988RC-13 (Spine zone) Reverse circulation 9.00 m 2.00
RYC-88-001 (Spine zone) Diamond drill hole 5.60 m 1.46
RYC-88-006 (75 m zone) Diamond drill hole 2.73 m 2.24
RYC-88-008 (75 m zone) Diamond drill hole 4.77 m 1.95
RYC-88-008 (75 m zone) Diamond drill hole 1.30 m 5.90
Field relationships suggest that pyrite and/or pyrrhotite were present during the emplacement of the North Relay porphyry. Thermal and chemical reactions with the wall rocks produced induration and large halos of disseminated pyrite/pyrrhotite and weak argillic alteration (partial decomposition of feldspars to allunite, dickite and kaolinite), during the emplacement of the intrusive complex during the middle to late Cretaceous (80 million to 105 million years). Movement along the Relay Creek and Yalakom fault systems may have occurred at this time, but a second geological event took place during the Eocene, 40 million to 44 million years, that produced brecciated and banded, epithermal quartz-carbonate zones. The activation of deep-seated major faults opened conduits for hydrothermal fluids. The North Relay gold-bearing intrusive complex features common to low-sulphidation epithermal mineralization, that is pervasive replacement of the rock by silicate minerals (quartz-chalcedony-adularia and minor sericite-illite-kaolinite and blanket-like carbonate alteration combined with high-sulphidation components found in the upper part of a telescoped porphyry, such as advanced argillic (that is abundant secondary clay with quartz-pyrite).
The recent drill results table lists results of recent (2009) drilling on the Dash gold project Spine zone (please note that the true width of intercepts is not known)
RECENT DRILL RESULTS
Drill hole No. From (m) To (m) Width (m) g/t Au g/t Ag % Zn
09DDH-1 54 74 20 0.1 0.2 0.32
09DDH-1 85 92 7 0.2 0.4 0.17
09DDH-1 123 127 4 0.7 0.4 0.29
09DDH-1 Includes 126 127 1 1.7 1.3 0.01
09DDH-1 140 141 1 2.0 0.4 0.01
09DDH-1 146 158 12 0.3 1.9 0.31
09DDH-1 170 176 6 0.4 0.6 0.26
09DDH-1 Includes 174 176 2 1.1 0.8 0.11
09DDH-1 192 194 2 0.9 0.6 0.83
09DDH-2 24 30 6 1.4 0.2 0.03
09DDH-2 Includes 28 30 2 3.3 0.2 0.07
SIGNIFICANT GOLD VALUES FROM 2009 OUTCROP ROCK CHIP SAMPLES
Sample No. Zone name Width (m) g/t Au g/t Ag % Zn
Dash09AR-13 65 m Subcrop grab 1.6 14.4 0.09
Dash09AR-15 65 m Subcrop grab 2.8 1.7 0.01
Dash09AR-24 75 m 2.8 1.1 1.9 0.06
Dash09AR-26 75 m 0.4 1.9 4.4 0.01
Dash09AR-27 75 m 0.3 10.2 47.9 0.07
SIGNIFICANT GOLD VALUES FROM
2009 SOIL SAMPLING WHICH WAS
LOCATED ONE TO 2.8 KILOMETRES
EAST OF THE SPINE, 75 M, 65 M
AND ROAD ZONES
Anomaly
Zone name width ppb ppm
(m) Au Zn
XYZ 200 343 403
XYZ 150 625 627
5671000
XYZ 100 286 171
XYZ 200 277 180
5671050
XYZ 100 315 183
XYZ 50 360 112
Red Bluff 50 320 142
Red Bluff 50 540 156
Red Bluff 250 297 372
5670150
Red Bluff 150 515 356
Red Bluff 50 705 237
Red Bluff 150 257 174
Management anticipates follow-up geological interpretation and fieldwork on the numerous gold targets outlined in the 2009 program on the Dash gold project.
The 2009 data were compiled by Andris Kikauka, PGeo, a qualified person as defined by National Instrument 43-101.
Corporate resignations
The company also wishes to announce, with regret, the resignation of Dr. Roger Morton, as president and a director of the company, due to ill health. The position of president will remain vacant until a replacement can be found and appointed by the board. It is, also with regret, that Jody Dahrouge has resigned as a director of the company.
We seek Safe Harbor.
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