Monday, 21 March 2011 9:08 AM

Drilling Success for Solomon Gold

Solomon Gold was on sparkling form on Friday as news of further prospects of quality gold at its Meriguna prospect on Fauro Island.

The second hole in its Meriguna drilling campaign intersected 44 metres at 1.69 gram/tonne (g/t) gold, including 18 metres at 3.14 g/t and nine metres at 3.94 g/t, the gold explorer said.

Meanwhile, further vein mineralization was discovered between 282 metres and 293 metres, and the company anticipates that the most prospective level lies at the 300-metre mark in the boiling zone area. The central vein set of the prospect is expected to be intersected in the current hole at this level, it added.

The next diamond drill holes, FDD003, 004 and 005 are all planned from the same drill pad to test the intersection alone strike and at 100 and 200 metres depth, Solomon said.

Following the initial batch of promising results, Solomon Gold anticipates similar potential at the Meriguna North, Kiovakse and Ballyorlo prospects on the Solomon Islands project.

Separately, the 11-kilometre survey work is continuing over the identified prospects; Ballyorlo, Kiovakase, Meriguna, Bataha, Ballteara and Northern Fauro to identify subsurface mineralized rocks.

Work has already started on Ballyorlo, after which time the survey will move to Meriguna.

John Meyer, mining analyst at Fairfax, said: "We are genuinely excited by the potential of the Meriguna project. These are meaningful grades and are the sorts of intersections which could lead to major discovery.

"If the drilling is, by chance, down the vein sets then the results may not be so meaningful but if the drilling is perpendicular then Meriguna could prove to be a valuable and early discovery."

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