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Solomon Gold announces encouraging progress from its Guadalcanal Project

Tuesday, November 9th, 2010

Solomon Gold plc, exploring for gold and copper in Solomon Islands and Australia, has announced encouraging progress from its Guadalcanal Project, Solomon Islands in joint venture (the “GJV”) with Newmont Ventures Limited a wholly owned subsidiary of Newmont Mining Corporation.

Key Points:
– New targets emerging on a 3km long eastern Mbetilonga structural corridor are based on mapping, sampling and geophysical modelling.
– Drilling continues at Chikora. The first drill hole CK003 intersected a porphyry with disseminated mineralisation in the copper and gold prospective potassic zone. Second drill hole CK004 is in progress, drilling in mineralised porphyry within the potassic zone.
– 88 metres of rock saw channel, 143 soil sample results and 650 metres drill core assays for Chikora are awaited from Newmont for work completed to the end September 2010.
– 468 soil samples, 67 rock chip samples and 1200m of trench samples were completed at Mbetilonga in September with analytical results still pending from Newmont.
– Additional work in October at Mbetilonga and Chikora includes 172 soil samples and a further 550 metres drill core from Chikora.
– 2100 metres of ridge and spur sampling, additional mapping and rock chip sampling and 112 extra soil samples from the Mbetilonga East Corridor area are also planned.

Commenting on the recent reports from the GJV Project, Nicholas Mather, Chief Executive of Solomon Gold plc said: “Solomon Gold is pleased with the progress made by Newmont in the field in Guadalcanal. Solomon Gold is waiting for a total of 2616 sample results from Newmont (881 from Chikora and 1735 from Mbetilonga) to assist drill targeting.”
(Ref 2052)

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