Welcome!

News Feed Item

Solid Resources Announces Filing of NI 43-101 Technical Report on Cehegín Iron Ore Property

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/20/14 -- Solid Resources Ltd. ("Solid" or the "Company") (TSX VENTURE: SRW) is pleased to announce it has completed its National Instrument 43-101 Technical Report on the Cehegin magnetite iron ore property located in south-eastern Spain. The report entitled "Solid Resources Ltd., Cehegin Magnetite Project, Murcia, Spain, NI 43-101 Technical Report", is dated April 28, 2014 and is prepared by Mr. Stanley C. Bartlett, M.Sc., PGeo., of Micon International Co Limited, in the United Kingdom.

There are no mineral resources to be declared for the deposit in accordance with the requirements of CIM standards. However, the historical data and consideration of reasonable possible extensions of the deposit do provide an indication of the available quantity of the mineralization, which is has an estimated potential of between 25 Mt and 30 Mt. It should be noted that the potential quantity and grade is conceptual in nature and that there has been insufficient exploration to define a mineral resource. It is uncertain whether further exploration will result in the targets zones being delineated as a mineral resource.

Highlights of the report include:


--  The Cehegin Magnetite Project is supported by some 38,000 m of
    historical drilling data that could be validated by a limited drilling
    and metallurgical test work programme. Cehegin is a past producer and
    the historical data available indicates that the operation produced
    high-quality magnetite concentrate.
--  High Quality Product - At an anticipated product grade in excess of the
    standard 62% iron, Cehegin concentrates will attract a price premium in
    the market. Concentrates produced in the past contained impurity
    elements well below penalty levels, which will render the product
    attractive to wider markets including (nearby) Europe.
--  Logistics - The Cehegin project lies within a region of well-developed
    infrastructure and offers excellent logistics options. Access to the
    deposit is via a network of paved,
    toll-free highways; the project is located only 6 km north of the main
    Murcia to Cehegin highway. Additionally, the project is 12 km away from
    a rail head connecting to the Port of Cartagena and into other European
    countries. The distance from the operation to the port is 115 km.
--  Deep Water Port - The Port of Cartagena is a deep water port capable of
    receiving Capesize class vessels. The port is equipped with high
    capacity bulk-loading equipment, capable of loading vessels up to
    400,000 DWT, with two cranes of 40 t and 60 t per lift.
--  Presence of Experienced Contractors - Spain offers local contractors of
    international dimensions with capacity to execute any task.
--  Economic Climate - The current poor economic climate affords Solid the
    opportunity to lock in contracts at competitive rates. On a higher
    level, national and local governments are strongly supporting
    significant investments that would create jobs and tax revenues.

The detailed project execution plan developed by management of the Company will include an initial exploration and concept phase, feasibility studies leading to construction, commissioning and production.

The Company plans to make an immediate application for an exploration permit for the purpose of a 2,200 m (15 to 18 boreholes) drill program, which will target the best of the regional magnetite anomalies as well as selective near-mine magnetic anomalies that might improve the understanding of the historical deposits. It is important to understand that the historical drilling was limited to only four of the sixty-two concessions.

A full copy of the report is available on the Company's website at www.solidresources.com and on the Company's profile on SEDAR at www.sedar.com.

Technical information in this release has been reviewed and approved by Mr. Stanley C. Bartlett, M.Sc., PGeo., as the Company's "Qualified Person".

About Solid Resources

Solid Resources is a Canadian junior mining company focused in Spain on the exploration and development of rare and industrial metals. The Company is currently studying the re-opening of the Cehegin iron ore concessions in south-eastern Spain and is applying for an exploitation permit on its Alberta-1 tantalum/tin and lithium property in north-western Spain.

Neither the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Solid Resources Ltd.
Greg Pendura
President & CEO
780-800-0726
www.solidresources.com

Fox-Davies Capital
Daniel Fox-Davies, Managing Director or
Jonathan Evans, Director, Corporate Finance
1 Tudor Street, London England
+44(0) 20 3463 5000
www.fox-davies.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...