Final Results Of Florida Canyon 2019 Drill Program That Intersected Significant Zinc Grades and Thicknesses

DENVER, CO - Solitario Zinc Corp. reported the remaining drill results from its 2019 drilling program on its Florida Canyon zinc project in Peru. Florida Canyon is joint ventured with, and operated by the world’s fourth largest zinc miner, Nexa Resources S.A.. Highlights of the drill results reported in this release include the following significant intercepts of zinc equivalent (“ZnEq”) mineralization: Drill Hole  PEBGD000036: 6.1 meters grading 26% ZnEq; Drill Hole PEBGD000038: 9.7 meters grading 23% ZnEqD; and Drill Hole PEBGD000039: 3.3 meters grading 47% ZnEq.

Previously unreported drill holes PEBGD000034 through 39 expanded three different high priority targets. The San Jorge zone, and two newly emerging zones: the 1021 and the manto-hosted mineralization east of San Jorge. All five of the drill holes that successfully reached their target, intersected significant mineralization which should contribute to expanding the Florida Canyon resource base. The sixth hole was lost due to drilling problems. Hole PEBGD000036 cut four intervals of high-grade zinc (including 6.1 m of 26% ZnEq) extending the 1021 Zone approximately 53 meters north of the previously reported 2019 drill hole PEBGD000033 that contained 9.9 meters grading 7.7% ZnEq. A long section of the 1021 Zone. Hole PEBGD000038 (9.7m, 23% ZnEq) offset, up-dip and to the south, the previously reported hole PEBGD000015 (12.4m at 15.1% ZnEq) in the expanding southern extension of the San Jorge Zone. Drill hole PEBGD000039 defined two horizontal manto zones: 3.3 meters grading 47.1% and 4.3 meters of 6.6% ZnEq to the east of the San Jorge vertical replacement body. This hole correlates well with previously reported drill hole PEBGD000032 that intersected 9.3 meters of 26.5% and 3.1 meters of 19.7% ZnEq approximately 70 meters to the north.

The final results of the 2019 Florida Canyon drilling program were exceptional and topped off a very successful 2019 drilling program. Nexa and Solitario achieved our three most important objectives: 1) expanding the near-vertical San Jorge body to the south and its associated high-grade horizontal mantos to the east; 2) discovering and partially defining the 1021 Zone over a minimum strike length of 800 meters; and, 3) extending a number of horizontal mantos in the  Karen-Milagros area. Great potential still exists to significantly expand the Florida Canyon mineralized system, particularly to the south where several strong surface prospects were discovered in 2018 demonstrating a corridor four kilometers long that is totally untested by drilling.