Proactiveinvestors recommends
Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: SOLG
Latest Price: 10.00p  (-4.76% Descending)
52-week High: 34.50p
52-week Low: 7.38p
Market Cap: 28.46M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Solomon Gold
www.solomongold.com

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.

Full Solomon Gold profile here
Pdf

Solomon Gold appoints COO for Solomon Islands and Queensland operations

1st Mar 2010, 11:18 am Solomon Gold appoints COO for Solomon Islands and Queensland operations

Solomon Gold PLC (AIM: SOLG) said it has appointed Alex Thin as chief operating officer, with operational responsibility over the company's projects in the Solomon Islands and Queensland, Australia.

This newly created position has become necessary due to the Solomon's expanding exploration and project development activities, together with the opportunity for the rapid definition of gold resources across its projects. 

Thin holds a Bachelors Degree in Engineering from the Camborne School of Mines in the UK, together with Mine Manager's and Mine Overseer's Certificates of Competency gained from work experience in South Africa.  His previous experience encompasses roles in Australia and South Africa for Southern Uranium Ltd, Emperor Mines Ltd, DRD Australia Ltd, Durban Roodepoort Deep Ltd and SRK Consulting, including roles as a senior mining engineer, business development manager, manager of growth projects, and long-term planning engineer.

To date, Solomon Gold and its subsidiary Australian Resource Management (ARM) Pty Ltd have expended approximately A$20 millio on the search for a giant gold copper porphyry system on the island of Guadalcanal in Solomon Islands.  

The company currently holds tenement interests over 612 square kilometres covering highly prospective terrain on the southwest Pacific rim of fire, a region known for very large copper gold porphyry and epithermal gold deposits, such as Lihir, Bougainville and Ok Tedi in Papua New Guinea and Batu Hijau and Grasberg in Indonesia.  

Only last week, Solomon announced it received high-grade samples of  up to 169 grams per tonne (gpt) of gold  from reconnaissance work and systematic stream sampling at the wholly-owned Fauro Island project in Papua New Guinea.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.