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Solex
Confirms New Uranium Mineralization On Its 100% Owned Macusani South Property
March��27, 2008 ���
Vancouver, B.C.: Solex Resources Corp. (TSX-V: SOX) (���Solex��� or the "Company") is pleased to��announce that the 2007 surface exploration
program on its 100% owned��Macusani South property has
identified widespread surface uranium mineralization.��
The Macusani South
project (4,700 hectares) is located in the Macusani Uranium District of
Southern Peru and is both contiguous with and geologically analogous to the
Company���s 50% owned Macusani East property
which underwent a 24,000-metre drill program in 2007.��
���These results have validated the
prospectivity of our 100% owned Macusani South property and provide an
important step in realizing the value of our strategic land position in the
emerging Macusani Uranium District,��� stated Jonathan Challis,
President of Solex.�� ���We look forward to unlocking
further value with an aggressive exploration program planned for both our
100% and 50% owned Macusani properties in 2008.���
The 2007 Macusani South
Phase 1 exploration program focused on geological mapping, geochemical
sampling (131 rock chip and 319 trench samples, which have been submitted for
assay) and hand held scintillometre prospecting.�� As a result of this work, a number of
surface anomalies have been identified with visible uranium (predominantly
autunite and torbernite) and scintillometre readings in excess of 30,000
counts per second.�� The uranium mineralization occurs
as fracture coatings and disseminations within the Quenamari volcanic host
rock.�� These initial results encouraged
the Company to initiate a major radiometric survey to test other parts of the
property earlier in the year.�� A drill program (up to 2,500
metres) is currently being planned to further test high priority targets and
is expected to start in Q2/08.����������
Solex uses the
internationally accredited SGS and CIMM Peru S.A laboratories in Lima, Peru
to analyse its samples.�� CIMM Peru S.A. also has a sample
preparation facility in Juliaca, close to the project site.
The field work was
conducted by ExploAndes under the supervision of Dr. Cesar Munoz, Ph.D. Geology
(Operations Manager of ExploAndes) and Mr. Alfredo Gamarra (Solex Chief Field
Geologist), B.Sc. Geology.�� Jonathan Challis, FIMMM, is a
Qualified Person under Canadian Securities Administrators National Instrument
43-101 policies, and is responsible for the contents of this news release.
Technical expertise
referred to in this news release:
�����Dr. Cesar Munoz (Operations
Manager, ExploAndes): Dr. Cesar Munoz has over 30 years experience working
internationally as an exploration geologist for Newmont, North Limited, BHP
Billiton, Barrick Gold and Placer Dome. In recent years, he has specialized
in the preparation and execution of exploration programs and evaluation of
mineral deposits in South America and Peru in particular. He holds Ph.D.
Geology (Mineralogy and Ore Deposits) from the University of Heidelberg.
�����Mr. Alfredo Gamarra (Solex Chief
Field Geologist): P.Geo., B.Sc. Geology, San Agustin Nacional University,
Arequipa. With 23 years experience in exploration geology, Mr. Gamarra has
been involved in the discovery and development of a number of projects for
the Hochschild group and the Pallancata project (now belonging to
International Mining Corporation). Much of his experience and
expertise relates to work at high altitudes.
About Solex Resources Corp.
Solex Resources Corp. is the dominant landholder in southern Peru's Macusani
Uranium District with concessions covering over 904 km2.�� In 2008, a $5.5-million
exploration program is planned on the Company's Macusani East joint ventured
uranium project along with an initial National Instrument 43-101 report due
out in the first quarter.��
The Company is also aggressively exploring its three 100% owned Macusani
uranium projects.��
Additionally, the company is actively seeking joint ventures on its Princesa
and Pilunani base metals projects.
On Behalf of the Board of Directors of
SOLEX RESOURCES CORP.
Per: "Jonathan Challis"
Jonathan Challis, President & Director
The TSX Venture Exchange (the ���Exchange���) has not reviewed and does not accept
responsibility for the accuracy or adequacy of this news release. The
Exchange has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release.
This news release may contain forward-looking
statements that are based on Solex's expectations, estimates and projections
regarding its business and the economic environment in which it operates.
These statements are not guarantees of future performance and involve risks
and uncertainties that are difficult to control or predict. Therefore, actual
outcomes and results may differ materially from those expressed in these
forward-looking statements and readers should not place undue reliance on
such statements. Statements speak only as of the date on which they are made,
and the Company undertakes no obligation to update them publicly to reflect
new information or the occurrence of future events or circumstances, unless
otherwise required to do so by law.
FURTHER INFORMATION:
Deborah Thiel
VP Corporate Development
Cell: 604-512-9691
Toll Free:�� 1 (877)
646-4488
Email:�� dthiel@solexresources.com
Website: www.solexresources.com��
Shirley Zhou
Investor Relations
Tel:�� (604) 646-7210
Ext. 103
Cell: 778-899-8031
Toll Free:�� 1 (877)
646-4488
Email:�� shirley@solexresources.com
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