Solomon starts fieldwork at Zamtiin Gol

2008-06-09 09:47 ET - News Release

Mr. Lawrence Nagy reports

SOLOMON COMMENCES 2008 FIELD PROGRAM AT ZAMTIIN GOL PROJECT IN MONGOLIA; SOLOMON ACQUIRES 100% INTEREST IN ZAMTIIN GOL PROPERTY

Solomon Resources Ltd. has commenced fieldwork on the Zamtiin Gol uranium project in central Mongolia.

Solomon holds seven mineral licences covering 356,603 hectares in Mongolia comprising four distinct properties: Baruunbayan, Zamtiin Gol, Airag and Uvurkhangai properties.

Background

The Zamtiin Gol project is located in Arkhangai province in central Mongolia, approximately 690 kilometres west of the capital city of Ulan Bator. Solomon has now acquired a 100-per-cent interest in the Zamtiin Gol property subject to a 0.5-per-cent net smelter return provided for in the letter of intent between Solomon and Erdenyn Erel LLC dated Nov. 8, 2006. Solomon may purchase the 0.5-per-cent NSR for $250,000 at any time during the 12 months after start-up should the property be placed into production.

The Zamtiin Gol project includes a number of airborne spectrometric anomalies first identified by Soviet workers in 1984. Initial work on the project was focused on following up historic Soviet-era airborne spectrometric anomalies (anomalies 450, 452, 449, 1268 and 1270 from Open File Report 2433, 1979), which rank among the strongest in central Mongolia (see Solomon's news release in Stockwatch dated June 4, 2007).

The northern part of the Zamtiin Gol area is underlain by upper-Proterozoic medium-grained biotite and biotite-hornblende granite, which form an elevated northern highland above lower rounded hills to the south, comprising Proterozoic coarse-grained biotite-hornblende granite-porphyry.

Preliminary exploration

Solomon conducted 1:50,000 scale geological mapping and truck mounted spectrometer surveys over the southern portion of the project area in 2007, and a limited program of grid-auger soil sampling. Five discrete spectrometric anomalies were outlined with values ranging from 1,200 to 4,200 counts per second (cps) and 12 distinct soil geochemical anomalies were identified with values up to 0.11 per cent U3O8. The four highest anomalies were centred over the intrusive margins and colluvium flanks of the Solongo granitic complex.

Current exploration program

Follow-up fieldwork, which commenced on the Zamtiin Gol project on May 4, 2008, will cover selected spectrometric and soil anomalies, and will include geological mapping at a scale of 1:25,000, along with 512-line-kilometre ground spectrometric and magnetometer survey on traverse lines spaced 200 metres apart.

The work is progressing well, and geological and geophysical data are being compiled to be followed by a program of detailed rock and soil geochemical sampling.

Randy Rogers, MSc, PGeol, 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 operating officer of Solomon, has verified the data disclosed herein, including sampling, analytical and test data, and supervised the preparation of the information that forms the basis of the disclosure contained in this news release.

Quality assurance-quality control

Solomon has implemented quality assurance and quality control measures in its exploration programs.

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. All spectrometric data (total count, uranium, thorium and potassium content fields) is converted to ACSSII format, and then checked for error using the minimum square method in preparation for plotting.

Analytical work has been conducted in certified labs, including Activation Laboratories Ltd. in Ontario, Actlabs Asia LLC in Ulan Bator (a subsidiary of Activation Laboratories of Ancaster, Ont.) and ALS Chemex in North Vancouver, B.C. Laboratory results are reported in parts per million uranium.

For values in per cent U3O8, ppm U is multiplied by a conversion factor of 0.0001179 (one ppm U times 1.179 equals 1.179 ppm U3O8; 10,000 ppm uranium equals 1.0 per cent uranium; 10,000 ppm U3O8 equals 1.00 per cent U3O8). For conversion to pounds per ton U3O8, per cent U3O8 is multiplied by 20 (one ton equals 2,000 pounds). For conversion of ppm U to pounds per ton U3O8, multiply ppm U by 0.002358 (0.0001179 times 20).

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.

We seek Safe Harbor.