on Solitario Resources Corp. (NASDAQ:XPL)
Favorable Metallurgical Results for Solitario Resources' Golden Crest Project
Solitario Resources Corp. has reported encouraging metallurgical test results for its Golden Crest project in South Dakota. The company conducted bottle roll tests on mineralized samples from its 2024 drilling campaign. Results show gold recoveries of 69% and 66% for core samples from drill holes GC-003 and GC-008, respectively. Both holes showed well-oxidized mineralization, a favorable sign for standard extraction methods.
Drilling is scheduled to commence on May 27, 2025, in two phases. Phase 1 targets mineralization discovered in 2024, while Phase 2 focuses on new targets pending permits. Solitario has identified ten high-priority targets in its project area.
The results are promising due to the similarity of mineralization with the nearby Wharf-Homestake gold district, known for its production history. Solitario's future exploration will assess both surface anomalies and deeper geologic formations. The project is situated in a region with established mining infrastructure and a skilled workforce.
R. P.
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