Solomon Gold holds several tenement positions in the Solomon Islands, for minerals exploration, focusing on copper and gold rich porphyry systems and high grade epithermal gold mineralisation. In relation to its main tenement holdings on the island of Guadalcanal, the Company enjoys a Joint Venture with Newmont Ventures providing for Newmont to earn a 70% interest by expending US$12m over 5 years. Solomon Gold is the current manager. On 2 December 2009, the Company announced the acquisition of two Queensland (Australia) based gold exploration companies, Acapulco Mining Pty Ltd and Central Minerals Pty Ltd.
Nick Mather, CEO of Solomon Gold, talks about a maiden resource of 200,000 ounces in Queensland and a JV with Newmont on Guadalcanal
Wednesday, July 21, 2010
Nick Mather, CEO of Solomon Gold, talks about a maiden resource of 200,000 ounces in Queensland, aiming for a resource of 1 million ounces in six months, mineralisation evident from surface, similarities with the prolific Carlin trend, potential for enormous discoveries on Fauro, and a JV with Newmont on Guadalcanal.
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