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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (9572)	9/28/2002 6:17:34 AM
From: Al Collard	Respond to of 11802

Hi Red, Your in with SLT-v @$ .16 for 62,500 shares. Chart for Solitaire Minerals Corp: stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G From the chart of SLT we can see the stock closed Friday right on the support of it's 20EMA. The chart indicators are mixed showing no clear direction as the stock awaits drilling news. Good luck with this pick, Al --------------------------------------------------------------------------- Friday after the close SLT released the following NR: Solitaire, Commerce update Crowsnest exploration Fri 27 Sept 2002 News Release Also (CCE) Mr. Charles Desjardins reports UPDATE ON CROWSNEST PASS GOLD EXPLORATION Solitaire Minerals (the company) has provided an update on exploration activities conducted at the Crowsnest area properties in southeastern British Columbia. The properties are a joint venture with Commerce Resources Corp., whereby the company may earn a 50-per-cent interest in the Aubyrd, Comm and Commerce claims. Aubyrd claims A program of geological mapping, sampling and ground magnetics was recently completed at the Aubyrd property. The goal of the program was to outline areas of anomalous gold concentrations and further delineate a large magnetic anomaly, presumably related to an alkalic intrusive. The 600-metre by 600-metre ground magnetics grid substantiated the airborne survey and provided better definition on the anomaly. Although the concentric "bull-eye" is accentuated by the data, it is important to note that the anomaly also produces a distinct north-south linear trend. The magnetic anomaly is thought to represent the southern extension of the gold-bearing structure/alkaline intrusive complex currently being drilled by Goldrea Resources. Rock and soil samples collected over the grid area on the Aubyrd property are in the process of being assayed, with the results expected shortly. The Aubyrd property is contiguous with and immediately south of Eastfield Resources -- Goldrea Resources joint ventured Crowsnest property. Prior exploration on the Crowsnest property has outlined a system of alkaline intrusions and associated gold mineralization. Grab samples of a magnetite-rich, intrusive breccia averaged eight grams per tonne (g/t) Au with values up to 630 g/t Au. A recent exploration program of Goldrea Resources has identified a new gold-bearing structure on the claims, which has lead it to expand its drilling. Comm and Commerce claims Several kilometres to the east, at the Comm property, the initial exploration program consisted of geological mapping and rock sampling. Prior exploration on the property had identified a number of alkaline intrusions and anomalous gold concentrations up to 3.84 ounces per ton. A series of sulphide-bearing dioritic and porphyritic syenite sills and plugs were sampled on the Comm claims and are being assayed. Gold mineralization within the region is tentatively identified as a prolific class of gold deposits known as high-level alkaline intrusive-related deposits, which includes Porgera, Papua New Guinea (11.8 million ounces gold) and Cripple Creek, Colo. (21 million ounces gold). Private placement Solitaire Minerals plans to complete a private placement of up to 1.75 million units for gross proceeds of up to $210,000. Of the 1.75 million units offered, up to 1.25 million units will be issued on a flow-through basis at a price of 12 cents per unit. Each flow-through unit will consist of one flow-through common share and one non-transferable share purchase warrant entitling the holder to purchase one non flow-through common share of the company at a price of 16 cents per share for a one-year period from the date of issuance. The 500,000 non-flow-through units offered will be issued at a price of 12 cents per unit. Each non-flow-through unit will consist of one non-flow-through common share and one non-transferable share purchase warrant, exercisable at a price of 16 cents per share for a two-year period from the date of issuance. The proceeds of the private placement will be used for mineral property acquisitions with gold as the target mineral, general working capital and to pay current payables. A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange. The private placement is subject to regulatory approval.