Sola Resource Corp.: Dash Gold Property Drill Results and Updated NI 43-101 Technical Report
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CALGARY, ALBERTA--(Marketwire - Oct. 20, 2009) -
Sola Resource Corp. (TSX VENTURE: SL) (PINK SHEETS: SORSF) (the "Company") wishes to announce additions to its recently announced exploration- and drill- results from its Dash gold property in B.C. This property is optioned from Fundamental Resource Corporation (FRC) which will retain a 2% NSR and if the option is completed, Sola will have earned a 100% ownership position.
The Dash gold prospect is located 105 kilometres northwest of Lillooet, British Columbia at the headwaters of Dash and Relay Creeks. The Property is underlain by Lower Cretaceous Taylor Creek Group pyroclastic rocks. These rocks are intruded by Early-Late Cretaceous and/or younger granodiorite and feldspar porphyry with associated carbonate-sericite-quartz-pyrite alterationZones of intense carbonitization, silicification, brecciation and banded chalcedony with colloform textures occur adjacent to gold-bearing minerals. Mineralization consists mostly of pyrite, with lesser amounts pyrrhotite, chalcopyrite, molybdenite, chalcocite, arsenopyrite, bornite, and stibnite. In 1987-88, Esso Resources Canada conducted a detailed evaluation of the "A" anomaly ('A' grid) which included geological mapping, soil sampling, and IP geophysics. Five zones of gold enrichment were identified: 1) Spine , 2) Road, 3) 25 m, 4) 75 m, 5) 65 m.
The Spine, Road and 25 m Zones line up along a north-northwest trend, and are located 150-300 metres to the west the 75 m Zone and 65 m Zones. Gold-bearing mineralization occurs in and northwest trending parallel zones. The potential for economic concentrations of gold present in the 'A' grid located in the west portion of the Dash property are demonstrated by the following table highlighting significant drill hole intercepts from 1982, & 1987-88:
None of the intercepts is true width
----------------------------------------------------------------------------
Drill Hole (location) Type Width Au g/t
----------------------------------------------------------------------------
DDH R82-1 (65 m Zone) Diamond 1.50 m 10.30
drill hole
----------------------------------------------------------------------------
DDH R82-4 (65 m Zone) Diamond 2.50 m 3.30
drill hole
----------------------------------------------------------------------------
1988RC-13 (Spine Zone) Reverse 7.50 m 2.90
Circulation
----------------------------------------------------------------------------
1988RC-13 (Spine Zone) Reverse 9.00 m 2.00
Circulation
----------------------------------------------------------------------------
RYC-88-001 (Spine Zone) Diamond 5.60 m 1.46
drill hole
----------------------------------------------------------------------------
RYC-88-006 (75 m Zone) Diamond 2.73 m 2.24
drill hole
----------------------------------------------------------------------------
RYC-88-008 (75 m Zone) Diamond 4.77 m 1.95
drill hole
----------------------------------------------------------------------------
RYC-88-008 (75 m Zone) Diamond 1.30 m 5.90
drill hole
----------------------------------------------------------------------------
Field relationships suggest that ubiquitous pyrite and/or pyrrhotite was present during the emplacement of the North Relay Porphyry. Thermal and chemical reaction with the wall rock produced induration and large haloes 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 Middle to Late Cretaceous (80-105 Ma). 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, 40-44 Ma, that has produced brecciated and banded, epithermal quartz-carbonate zones. The activation of deep seated major faults act as conduits for hydrothermal fluids. The North Relay gold bearing intrusive complex features common to low sulphidation epithermal mineralization, i.e. pervasive replacement of the rock by silica 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, i.e. abundant secondary clay with quartz-pyrite).
The following table lists results of 2009 core drilling holes on the Dash Gold Project Spine Zone: None of the intercepts is true width
----------------------------------------------------------------------------
Drill Hole # 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 127 1 1.7 1.3 0.01
126
----------------------------------------------------------------------------
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 176 2 1.1 0.8 0.11
174
----------------------------------------------------------------------------
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 30 2 3.3 0.2 0.07
28
----------------------------------------------------------------------------
09DDH-2 58 60 2 1.1 0.3 0.19
----------------------------------------------------------------------------
09DDH-2 106 108 2 2.4 0.1 0.15
----------------------------------------------------------------------------
The following table lists significant gold values from 2009 outcrop rock
chip samples:
----------------------------------------------------------------------------
Sample # Zone Name Width (m) g/t Au g/t Ag% Zn
----------------------------------------------------------------------------
Dash09AR-13 65 m Sub-crop grab 1.6 14.4 0.09
----------------------------------------------------------------------------
Dash09AR-15 65 m Sub-crop 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
----------------------------------------------------------------------------
The following table lists significant gold values from 2009 soil sampling
which was located 1-2.8 km east of the Spine, 75 m, 65 m and Road Zones:
----------------------------------------------------------------------------
Zone Name Location Easting Northing Anomaly ppb Au ppm Zn
relative Line UTM Station Width
to Main NAD 83 UTM NAD 83 (m)
Zone (from-to
in meters)
----------------------------------------------------------------------------
XYZ 1.0 km ESE 503600 5670750-900 200 343 403
----------------------------------------------------------------------------
XYZ 1.1 km ESE 503700 5670900- 150 625 627
5671000
----------------------------------------------------------------------------
XYZ 1.2 km ESE 503800 5671050-100 100 286 171
----------------------------------------------------------------------------
XYZ 1.3 km ESE 503900 5670900- 200 277 180
5671050
----------------------------------------------------------------------------
XYZ 1.4 km ESE 504000 5670850-900 100 315 183
----------------------------------------------------------------------------
XYZ 1.5 km ESE 504100 5670650 50 360 112
----------------------------------------------------------------------------
Red Bluff 2.3 km ESE 504900 5670400 50 320 142
----------------------------------------------------------------------------
Red Bluff 2.4 km ESE 505000 5670200 50 540 156
----------------------------------------------------------------------------
Red Bluff 2.5 km ESE 505100 5669950- 250 297 372
5670150
----------------------------------------------------------------------------
Red Bluff 2.6 km ESE 505200 5670050-150 150 515 356
----------------------------------------------------------------------------
Red Bluff 2.7 km ESE 505300 5670400 50 705 237
----------------------------------------------------------------------------
Red Bluff 2.8 km ESE 505400 5670200-300 150 257 174
----------------------------------------------------------------------------
Management anticipates follow-up geological interpretation and fieldwork on the numerous gold deposit targets outlined in the 2009 program on the Dash Gold Project. The 2009 data was compiled by Andris Kikauka, P.Geo, a Qualified Person as defined by NI 43-101.
The 2009 data was compiled by Andris Kikauka, P.Geo, a Qualified Person as defined by NI 43-101.
Sola also invites investors to visit its web-site: www.solaresourcecorp.com to view an updated NI 43-101 technical report on Dash which includes all 2009 results.
We seek safe harbor.
ON BEHALF OF THE BOARD OF DIRECTORS OF SOLA RESOURCE CORP.
William Pfaffenberger, Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sola Resource Corp.
Investor Relations
(403) 668-4891
sola2009@shaw.ca
www.solaresourcecorp.com (being updated)
Source: Sola Resource Corp.
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