This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Solitario Reports Continued Drilling Success On Its Bongará High-Grade Zinc Project, Peru

Stocks in this article: XPL

Solitario Exploration & Royalty Corp. (NYSE MKT: XPL; TSX: SLR) announced continued outstanding drilling results on its high-grade Bongará zinc project in Peru. Included in these results are core holes V-287, that intersected 7.9 meters grading 24.6% zinc, 2.7% lead and 30.5 gpt silver and hole V-351 that intersected 13.0 meters grading 12.9% zinc, 4.3% lead and 32.4 gpt silver.

All drill holes reported in this news release were drilled from the surface in the Karen Milagros mineralized area (“KM-Zone”), except for three surface core holes that tested the southwestern extent of the San Jorge zone. The drilling program was managed and entirely funded by Solitario's joint venture partner Votorantim Metais (“Votorantim”). Better intercepts in this round of surface drilling are presented below.

Drilling Highlights: KM-Zone

Drill Hole

Number

    Intercept*

(meters)

    Zinc

%

    Lead

%

    Zn + Pb

%

    Silver

gpt

V-287     7.9     24.56     2.69     27.25     30.51
V-288     5.4     17.71     6.04     23.75     49.12
V-325     9.0     11.06     1.18     12.24     12.71
V-329     11.4     8.09     0.29     8.38     2.31
V-330     12.6     8.99     1.91     10.9     12.28
V-333     11.0     8.41     0.86     9.27     6.05
and     7.7     12.57     9.33     21.90     7.70
V-334     4.8     24.67     5.45     30.12     42.35
V-350     8.6     7.1     4.13     11.23     28.35
V-351     13.0     12.94     4.31     17.25     32.37
V-368     5.6     11.61     3.84     15.45     23.84

* True thickness has not been estimated for each individual intercept .

Surface drilling began late in the fourth quarter of 2011 and was finished in the third quarter of 2012. During this period 50 core holes were completed in the KM-Zone and three holes in the San Jorge Zone. Remarkably, 46 of the 53 drill holes intersected mineralization grading in excess of 2.0% zinc + lead over at least two meters, or equivalent. Important mineralized intercepts are reported in a table appended to this news release. None of the results contained in this news release were previously reported.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs