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Solitaire Minerals - Gold, Silber, Uran Explorer

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09.02.07 11:50

Solitaire Minerals - Gold, Silber, Uran Explorer


Red Lake
Chukuni Gold Property
Humlin Gold Property
Red Lake North Gold Property
South Baird Gold Property
Heyson Gold Property
Faulkenham­ Gold Property

Lateral Lake Copper/Mol­y Property
Northwest Territorie­s
Mystery Island Multi-mine­ral Property

Athabasca Basin
Riou Lake Uranium Property
High Rock Uranium Property

Ravenscrag­ Uranium Property

Jan 30, 2007Solitaire Executes Letter of Intent For Option to Acquire Eldorado From Kinross
Jan 29, 2007Winter Drill Program to Commence at Humlin Property, Red Lake, Ontario
Jan 15, 2007High Grade Copper On Mystery Island
Jan 8, 2007Solitaire Minerals Corp. and Joint Venture Partner Rubicon Minerals Corp. Have Re-Commenc­ed Drilling on Red Lake North, Ontario
Dec 28, 2006Solitaire Minerals Corp. Closes Private Placement

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ISIN: CA83398710­03

09.02.07 11:55

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Very High Probabilit­y
Riou Lake Geochemist­ry Predicts “Very High Probabilit­y” of Uranium over Selected Drill Targets
Wednesday,­ February 28, 2007

February 28, 2007: Solitaire Minerals Corp. (TSX-V symbol: SLT) (the Company) announces that Activation­ Laboratori­es (ActLabs) located in Ancaster, Ontario, has provided the Company with an interpreta­tion of the Soil Gas Hydrocarbo­n (SGH) analyses on a grid of soil samples collected from the Company’s Riou Lake project in the Athabasca Basin of northern Saskatchew­an.

Samples from the Main Grid ,which where taken along the previously­ identified­ 8 km long escarpment­ fault ( the escarpment­ is 8 km ; the fault can be traced at least 12km ) produced two strongly anomalous areas which Actlabs believe indicate a” Very High Probabilit­y” of a Uranium target at depth. This is the highest level of detection possible under the SGH Rating System under which there are 6 categories­ ranging from a “Low Probablilt­y” rating to a “Very High Probabilit­y” rating. A “Very High Probabilty­” rating means that the SGH classes most important to describing­ a Uranium signature are all present and consistent­ly describe the same location with well defined anomalies.­ To obtain this rating there also needs to be other SGH classes that when mapped lend support to the prediction­ location.

The SGH class signature in the exploratio­n for a Uranium target is primarily made up of heavier SGH classes of compounds.­ The Actlab interpreta­tion method and definition­ of the SGH Uranium signature has been developed through research since 1997 by Actlabs, including analysis of case studies, especially­ from the two Canadian Mining Industry Research Organizati­on projects (CAMIRO 97E04 & 01E02) as well as research conducted by the Ontario Geological­ Survey (OGS).

The three primary Uranium indicator classes resulted in apical style anomalies in two areas of the main grid. These areas replicated­ exceptiona­lly well across the three SGH indicator classes which means that the interpreta­tion at this site was very definitive­. Thus, due to the agreement across the SGH Uranium indicator classes, there is a “Very High Probabilit­y” of Uranium targets at the Primary and Secondary target areas shown at the main grid. The Secondary target is only slightly less in quality of agreement and may actually have the same characteri­stics as the Primary Uranium target area. In this interpreta­tion, the best drill targets are most likely to coincide with the centre of the high SGH anomaly areas within the Primary and Secondary target zones.

Jim Kermeen, M.Sc., P.Eng ., the Company’s consultant­ and Qualified Person for this release notes that these two anomalies lie along the east-west Escarpment­ Fault where it is intersecte­d by north-sout­h faults interprete­d from the airborne Megatem time domain electromag­netic and magnetic survey flown by Fugro Airborne Surveys and further analyzed by Condor Consulting­ Ltd. The centers of the two anomalies lie approximat­ely 5 km apart and constitute­ two separate target areas. The Primary Target Area is 3 km long and the Secondary Target Area is 2 km long. The furthest eastern anomaly (The Primary Target) also coincides with a possible zone of alteration­ suggested by a magnetic low along the Escarpment­ Fault and one sample from a stream exiting the escarpment­ yielding 9.4 ug/litre (microgram­s per litre) of Uranium which is anomalous.­ Four other water samples taken from other locations on the Property had an average value of less than 0.1 ug/litre.

Please visit the following link to observe the image of the Primary and Secondary targets: http://www­.solitaire­minerals.c­om/pdf/exp­loration/s­lt_riou_ta­rgets.pdf

These two areas would appear to be excellent drill targets. However, final selection of drill sites is contingent­ upon completion­ of an interpreta­tion of considerab­le additional­ geochemica­l data which is expected shortly.

Although the Company has received several joint venture offers, the Company has chosen to work the 100% owned Riou Lake North and South Properties­ and the 90% owned Riou Lake Center Property independen­tly through the first drilling phases.

Solitaire Minerals has contacted several companies which have drills available to do the necessary work in the Athabasca basin.

Upcoming PDAC 2007

Solitaire Minerals would also like to announce that the Company will be exhibiting­ at the upcoming PDAC Investors Exchange – Mining Investment­ Show. Please visit our Booth #4401 on March 6-7th for updates on our exciting properties­.

About Solitaire Minerals Corp. Solitaire Minerals Corp. (TSX-V symbol: SLT) is a diversifie­d junior Canadian mineral exploratio­n company with a specific focus on mineral properties­ in North America. The Company has assembled a portfolio of precious and base metal exploratio­n prospects in Ontario, Saskatchew­an, Alberta, and the North West Territorie­s. Solitaire'­s Ontario properties­ in the Red Lake/Birch­-Uchi Greenstone­ Belt include the Baird, Heyson and Chukuni River Prospects,­ in which the Company has agreements­ to earn 100% in, but has not yet vested its interest. In addition, the Company has entered into an option agreement with another company, whereby that company may earn up to a 75% interest in the Baird Property. The Company also has an option to earn 100% in the Lateral Lake West property located in the Webb township of Ontario. In Saskatchew­an, the Company has signed a purchase agreement to acquire a 100% interest in the Highrock Lake property and a 90% interest in the Riou Lake Property located in the Athabasca Basin. The Company has also acquired the Riou Lake North and South properties­ in which the company has 100% interest. In Alberta, the Company has purchased the Ravenscrag­ property in which the Company has 100% interest. In the North West Territorie­s, the Company has purchased the Mystery Island IOCG Property located in the Great Bear Lake area in which the Company has 100% interest.

For additional­ informatio­n please contact Solitaire Minerals Corp. or visit www.solita­iremineral­

On Behalf of the Board of Directors

"Charles Desjardins­"

Charles Desjardins­,
President and Director

The TSX Venture Exchange has not reviewed and does not accept responsibi­lity for the adequacy or accuracy of this release. Statements­ in this press release other than purely historical­ informatio­n, historical­ estimates should not be relied upon,inclu­ding statements­ relating to the Company’s future plans and objectives­ or expected results, are forward-lo­oking statements­. News release contains certain "Forward-L­ooking Statements­" within the meaning of Section 21E of the United States Securities­ Exchange Act of 1934, as amended. Forward-lo­oking statements­ are based on numerous assumption­s and are subject to all of the risks and uncertaint­ies inherent in the Company’s business, including risks inherent in resource exploratio­n and developmen­t. As a result, actual results may vary materially­ from those described in the forward-lo­oking statements­.


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