Solo International, Inc. Receives Geological Report
MONTREAL, May 31, 2013 /PRNewswire/ -- Solo International, Inc. (OTC: SLIO "Solo International" or the "Company"), wishes to advise that the commissioned NI 43-101 report on its Quebec REE property located 3.6 kilometers northeast of Notre-Dame-de-La-Salette in Portland Township, (the "Property") has recently been received by the Company. The report was based on a due diligence property evaluation undertaken by the authors on April 18, 2013 and their review of available information.
The report was prepared by Remi Charbonneau, P.Geo., Ph.D., after he visited the property for the purpose of preparing the present technical report which he has issued compliant with Canadian Policy NI 43-101. The visit was undertaken to view the past apatite producing pits and to visualize the local infrastructure under the guidance of Steven Lauzier, P. Geo who assisted in the preparation of the report. Mr. Lauzier carried out a prospection survey on the property for the Company in 2012.
The report will be available today on the Company's web-site at www.solointernationalinc.com.
The Property in Portland Township has corresponding SNRC sheet number is 31G13 and the localization of the Philadelphia deposit is 5,071,827 mN and 455,252 mE in UTM - NAD83 zone 18 projection. The Property is made up of 2 claims of regular shape with a total surface of 119.94 hectares.
An apatite occurrence, known as Philadelphia, is present on the Property and was mined in the past, although the production was relatively modest. This production stage takes place from 1880 to 1884 when about 2,000 tons of rocks were extracted. C. Brown made the initial discovery of the Philadelphia deposit in 1880 and subsequent production was under the Philadelphia and Canada Phosphate Company. The production grade is unknown. It is reported that some work was done in 1883 over the Property but that the company didn't work after 1883 until at least 1889. The mine site was restored in 1990 and a red sign now indicate the date of closing by the Ministry of Mines and Wildlife of Quebec. No precise historical geological information is available for the Property . Logan classifies the area as a paragneiss, migmatite and quartzite unit. This unit is over the whole property and its surrounding properties.
The authors recommended an exploration program focusing on ground radiometry to detect other apatite-REE mineralization on the Property and to pursue re-sampling to other apatite bodies known in the area. Preliminary works carried out in 2012 allowed to see that pegmatitic mineralization returned a higher proportion of Heavy REE. The finding of a new apatite zone enriched in Heavy REE would offer a highly favorable context for REE mining.
It is recommended to perform a Phase I surface exploration program for a total budget of 45,000$ and a contingent phase II drilling program for a total budget of 102,000$. Phase II drilling, contingent on positive results from phase I, would allow an evaluation of the size and REE grade of the mineralization at depth.
The report stresses the potential of the pyroxenite contact which should be investigated in more details to for skarn or pegmatite related REE mineralization. The anomalies are to be explained by either geological mapping and sampling or mechanical stripping. It is also recommended that a geologist proceed to a follow up on ground to see if any anomaly can be explained and to map the local geology prior to drilling. Further the Company should consider picking up further additional claims adjoining their current holdings.
The content of this news release has been reviewed by Remi Charbonneau, P.Geo., Ph.D, a Qualified Person for the purposes of NI 43-101, with the ability and authority to verify the authenticity and validity of the data herein.
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About Solo International, Inc.
Solo International is an exploration and development mining company with a focus on deposits of rare earth metals and rare earth elements (REEs). The Company is focused on the acquisition, exploration, production, development and potentially, the operation of mining properties in strategic bulk mineable industrial metals (such as REEs, Titanium and Phosphates) sectors of eastern Canada. All of the Company's properties are currently at the exploration stage in Quebec. For further information please visit the Company's website at www.solointernationalinc.com.
This release contains forward-looking statements that reflect Solo International, Inc.'s plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
SOURCE Solo International, Inc.