Drilling Initiated At Florida Canyon

DENVER, CO - Soliltario’s partner, Nexa Resources has initiated drilling with two core rigs at Florida Canyon.  This first phase of drilling ended in late-December upon the onset of the rainy season in the project area when helicopter supported drilling is no longer operationally efficient.  Nexa is planning on resuming drilling at the end of the rainy season, expected sometime in April.  At that time, Nexa plans to accelerate drilling operations utilizing four core rigs operating simultaneously to complete the remaining 37 drill holes.  Four holes have been completed to planned target depth and a fifth hole was abandoned due to technical drilling problems. Total meterage completed was 2,203 meters.  All holes were located at the northeastern margin of the previous drilling footprint in the Karen Milagros zone.  

Chris Herald, President and Chief Executive Officer of Solitario, said, “We appreciate Nexa’s effort to begin the drilling program prior to the rainy season, and are pleased with the progress made to date.  We look forward to completion of the entire program during 2019.  We are also extremely pleased that Nexa is accelerating the drilling program by adding drill rigs when operations resume in the spring.”

The company’s address is 4251 Kipling St, #390, Wheat Ridge CO 80033, solitarioxr.com.