on Solitario Resources Corp. (NASDAQ:XPL)
Solitario Resources Corp. Unveils Significant Gold Discovery at Sleeping Beauty in Golden Crest Project
Solitario Resources Corp., a firm focused on mineral exploration, announced a high-grade gold discovery at its Golden Crest project, naming the new zone Sleeping Beauty. Initial assays from the 2023 field season revealed gold values reaching up to 39.6 grams per tonne. The area shows promise with a 1,600-meter mineralization trend exhibiting zones of high-grade gold.
Sleeping Beauty lies on a plateau characterized by a limestone foundation similar to the neighboring high-grade Geyer gold zone. Preliminary sampling across this plateau yielded several high-grade samples, with the best 28 exceeding 1.0 gpt gold. This suggests the presence of significant gold deposits, potentially underscoring the area's economic importance.
Chris Herald, President and CEO of Solitario, expressed optimism about the potential of Sleeping Beauty, highlighting its development into one of Golden Crest's largest target areas. With plans to continue exploration in 2024, Solitario anticipates this zone could become a major high-grade target.
Additionally, Solitario's Golden Crest project has received a favorable environmental decision from the USFS, allowing for low-impact core drilling in the newly included Ponderosa Plan of Operations area. This green light could accelerate exploration efforts and further solidify the project's significance in South Dakota's mining landscape.
R. H.
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