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

To: Al Collard who wrote (9712)	10/8/2002 5:45:07 PM
From: SAM-DAN	Read Replies (6) \| Respond to of 11802

Latest Pr From SLT Solitaire Minerals Corp SLT Shares issued 5,691,583 Oct 7 2002 close $ 0.15 Tuesday October 8 2002 News Release Mr. Charles Desjardins reports SOLITAIRE MINERALS AND KING'S BAY GOLD UPDATE DRILLING AND ST ... Solitaire Minerals and King's Bay Gold have completed 14 holes, of their recent drill program, at their Garnet Lake property, Confederation Lake area, Red Lake, Ont. Many of the holes have intersected varying widths of altered and heavily mineralized rock units similar to those hosting lode gold deposits at the Red Lake mines. The joint venture partners had originally increased the drill program to 14 holes and have now elected to expand the current drill program to 15 holes. To date, drilling has intersected the target horizon with varying widths of alteration and mineralization ranging from eight to 49 feet. A previous assay from hole 8 returned values as follows: 1.3 per cent copper, 800 grams per tonne (g/t) uranium, eight grams per tonne silver, 1.1 grams per tonne gold, 235 grams per tonne cobalt, 223 grams per tonne chromium, 178 grams per tonne nickel, 2.2 per cent magnesium and 6.8 per cent aluminum. The companies are looking forward to receiving the initial assay results, which is expected this week, with the full assay forthcoming and will be released immediately upon receipt. Drilling continues to test this newly discovered gold-bearing horizon, which is open at both ends and at depth and at least 2,000 feet in length. The partners have also just called for 15 kilometres of line cutting and geophysics to commence immediately. Additional land claims King's Bay and Solitaire are impressed with the complexity and diversity of mineralization thus far encountered at the newly discovered mineralized zone within the Garnet Lake property and are presently in the process of adding to their land position by staking eight additional units on the northern border. In preparation of future drilling programs, the company's partner, King's Bay Gold, has acquired three more diamond drill rigs. Subject to the TSX Venture Exchange approval, the company has agreed to a loan agreement with two arm's-length parties for $50,000 (Canadian) to finance exploration on the properties under option from King's Bay Gold. A bonus of 20 per cent of the value of the loan is payable in shares of the company at a deemed price of 15 cents per share.