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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
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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
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Solomon Gold picks up pace of exploration in Central Queensland and Solomon Islands

25th Aug 2010, 10:30 am

Cashed up gold and copper explorer, Solomon Gold (AIM:SOLG), fresh from a successful placement in July, which raised £1,654,455 and a recent 200,000 ounce maiden gold resource at Rannes, Central Queensland, is picking up the pace of exploration with strong news flow expected for the remainder of 2010.

Nicholas Mather, Solomon Gold chief executive, said: “The current phase of drilling at Crunchie, Central Queensland, Australia, where the Company reported the 200,000oz gold equivalent maiden resource in early June continues to provide positive results."

"Management is continuing to work towards the delivery of an increased resource by the end of the year. Results from the other Central Rannes area prospects are encouraging and the Company aims to include resource estimates from these targets by year-end."

"Spring Creek / Spring Pig at Mt Perry in Queensland is now defined as a significant drill target based on strong gold in soil geochemistry. Further drill targets have been identified at Augustine (nine gold mineralised veins) and at Nicko’s Reward (three gold mineralised breccia zones)."

Solomon Islands

At Fauro Island, Solomon Islands, trenching and sampling has recommenced at eight priority targets outlined by the recent airborne magnetic and electromagnetic survey.

In the Guadalcanal JV with Newmont, which comprises five projects, field exploration work, including drilling, has recommenced on the Guadalcanal, with Newmont as operator.

The exploration program will be focussing on a 3,000m drilling campaign which commenced last
week on the copper gold porphyry targets at the Chikora and Levisivisi Prospects (Koloula project
area). Geological mapping will be conducted on the Mbetilonga and Kuma projects and regional
reconnaissance sampling on Central prospecting licence over the ensuing months to assist with drill
target definition for those areas.

Rannes, Central Queensland Projects (100% Solomon Gold)

The project consists of a series of prospects; Homestead, Kauffmans, Cracklin Rosie, Porcupine and includes the Crunchie deposit where a 200,000oz gold equivalent maiden resource was announced in early June 2010.

The drilled resource at Crunchie has been extended to the east into the El Dente Prospect, where it is not closed off.

Geochemical surveys undertaken at Police Camp Creek, and Pinnacles have defined new targets in preparation for drilling in the next campaign, expected to commence in September / October.

Recent drilling at the Crunchie prospect has been designed to find extensions to the resource or
adjacent repetitions. Vertical holes CRU58 (4m at 1.28g/t Au, 81.8g/t Ag and 2.56g/t Au eq.) and CRU59 (6m at 0.61g/t Au, 47.1g/t Ag and 1.35g/t Au eq.) have located extensions to Crunchie, towards the El Dente Prospect where the mineralisation is open and thickening to the north.

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.