Rwanda: Canadian company ventures mining project

Canadian company ventures mining project

Solomon Resources Ltd. — a Canadian public company that has focused on the acquisition, exploration and development of tin, niobium and tantalum projects in Rwanda has revealed its preliminary exploration of the Rurembo Tin Project in the Rwanda on January 7, 2013.

The preliminary exploration program was directed at establishing a solid foundation for conventional regional and property scale mineral exploration beginning early in the spring of 2013.

The Rurembo licence area includes highly prospective pegmatite swarms immediately adjacent to the former Belgian-owned cassiterite-columbite-tantalite mine at Gatumba and unexplored strike extensions of that metallogenic district to the north.

The Government of Rwanda Geology and Mines Authority (OGMR) contracted Toronto based consultant Paterson, Grant and Watson Limited to carry out an interpretation of existing geological, geochemical and geophysical data in 2009.

The PGW report included 12 detailed mapsheets at 1:100,000 scale and identified 21 Prospective Target Areas (PTA’s) that were ranked for tin (Sn), tungsten-niobium-tantalum (W-Nb-Ta) and/or gold (Au) and base metal mineralization. Speck Minerals Ltd., a Rwandan corporation applied for and was granted a Prospecting Licence for two of these PTA’s.

Solomon executed an Option Agreement effective July 12th, 2012 with the principals of Speck Minerals Ltd., to acquire (subject to regulatory approval) a 100% interest in the Rurembo licence.

The licence permits prospecting for wolframite, cassiterite and coltan within a concession covering 110,984 hectares located in western province of Rwanda.

The Rurembo Licence, which Solomon has optioned from Speck, covers an area of approximately 1000 square kilometers in northwestern Rwanda immediately north of and on strike with the historic tin producer at Gatumba.

A field office has been established in the rural area 20 kilometers north of Gitarama and Solomon field crews have begun the task of documenting the active and dormant artisanal mine sites in the project area.

Solomon field crews mobilized to the Rwanda on August 2nd, 2012. The Company has leased a field office and expat residence in the capital city of Kigali and hired a Country Manager and support staff.

 

The group has begun the task of documenting the active and dormant artisanal mine sites in the project area.

Solomon’s President and CEO Randy Rogers observed: “The Rurembo Tin Project presents a very prospective exploration program for Sn-Ta-Nb (W) mineralization in pegmatite dykes, griesens and quartz veins within Meso-Proterozoic granitic massifs and associated rocks.

Rogers said the current exploration challenge in this large licence area is to quickly identify priority targets using conventional surface exploration techniques; should the results of the current field program warrant an application for Exploration Licences on selected targets prior to the expiry of the Prospecting Licence in February of 2014 a program of mechanized trenching and drilling would likely be warranted to further define targets.

“It should be stressed that there is no certainty of conversion, and the current licence does not convey title to any mineral resource which may be contained in the licence area.”

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.

Rogers, M.Sc., P.Geo. is 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 Executive Officer of Solomon.

He verified the data disclosed herein by conducting a field examination of the Rurembo Licence Area, supervision of exploration contractors working in the field.

Solomon’s recent acquisition of the Rurembo Tin Project in Rwanda is the first of a planned series of property acquisitions and new projects in this underexplored and highly prospective region.

The company also holds legacy projects in the Yukon Territory, British Columbia and Alaska.

Solomon’s business model is that of a Project Generator.

To build shareholder value, the Company intends to acquire highly prospective mineral tenures in stable jurisdictions with the objective of adding value through grassroots exploration and target refinement and then seeking option or joint venture partners through to production.

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