Yukon!! es faengt an!!

Solomon Resources 3,255,111-FT-and-NFT-share financing

2010-09-07 16:27 ET - Private Placement


The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 17, 2010.


Shares:  1.88 million non-flow-through shares and 1,375,111 flow-through shares

Purchase price:  15 cents per non-flow-through share and 18 cents per flow-through share

Warrants:  3,255,111 share purchase warrants to purchase 3,255,111 shares

Warrant exercise price:  30 cents for a period ending July 23, 2012. If the average closing trading price of the shares is equal to or exceeds 50 cents for 20 consecutive trading days after the expiry of the four-month restricted resale period, the company may, upon notice to warrantholders, shorten the expiry date of the warrants to 25 days from the date of notice.

Hidden placees:  35

Pro group:  David L. Hamilton-Smith 100,000

Insider:  Pathway Mining 2010 Flow-Through LP 555,555

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Solomon Resources Ltd (2)
Symbol C : SRB
Shares Issued 16,311,695

"Gold mineralization at Supremo consists of several steeply-dipping and stacked structures which are all open along trend and at depth," stated Rob Carpenter, Kaminak's President and CEO. "These results significantly increase the potential for Supremo to host high-grade and bulk tonnage gold deposits."

Key Results

T2 Structure - 3.73 grams per tonne gold (g/t Au) over 16m starting at 92m core depth and a lower intercept of 7.07 g/t Au over 2m starting at 178m core depth (both from hole CFD-29)

T6 Structure - 2.11 g/t Au over 14m starting at 4m core depth and a lower intercept of 2.38 g/t Au over 19m starting from 33m core depth (both intercepts from hole CFD-34)

T7 Structure – Two holes collared in alteration and mineralization with hole CFD-26 yielding 4.65 g/t Au over 4m starting at 8m core depth

Drill Hole # Zone From (m) To (m) Length (m)* Weighted Grade (g/t)
CFD-25 T7 4 10 6 1.37

CFD-26 T7 8 12 4 4.65

CFD-29 T2 92 108 16 3.73
and 178 180 2 7.07

CFD-30 T2 175 176 1 2.15

CFD-33 T6 77 84 7 3.63

CFD-34 T6 4 18 14 2.11
and 33 52 19 2.38

CFD-36 T6 118 120 2 0.39

CFD-37 T4 60 67 7 1.57
90 97 7 1.11

CFD-39 T6 118 129 11 1.64
and 175 186 11 1.00
and 199 209 10 1.04
*true width is estimated at 70-100% of core length

A detailed plan map, cross-section, assay sheet and photo montage of select core samples are available on the Kaminak website at www.kaminak.com.

QA/QC

Kaminak's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo.

* Sleeping Giant Zone – The drill will then be moved to the Sleeping Giant Zone. The Sleeping Giant Zone has been traced along strike for 300 metres. It is composed of north trending massive quartz vein segments up to 25 metres in width. Initial assays from the Sleeping Giant Zone have ranged up to 44.2 g/t gold from a 1.1 metre chip sample and results of continuous chip sampling from the zone are still pending.

Additional chip sample results from areas outside the Main and Sleeping Giant Zones are also pending.

This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101. All samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50-element, 4-acid ICP analysis. Samples returning in excess of 30 g/t gold are also sent for metallic screen fire assay testing.

Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production

A total of 47 chip samples totalling 86.7 metres were collected from quartz vein material in the Sleeping Giant Zone. Individual chip sample assays ranged from 0.01 g/t gold over 2 metres to 43.67 g/t gold over 1.1 metres (sample previously reported). The Sleeping Giant is hosted in a shear zone and consists of a series of overlapping (en echelon) massive quartz vein segments, with individual segments up to 25 metres in width. The mineralized structure trends north-south and has been traced along strike for 300 metres before disappearing under overburden at both ends of the exposed extent. Northern Tiger plans to drill test the Sleeping Giant zone as soon as we complete our initial exploration holes at the Main Zone.

Green Zone

Results have also been returned from soil and rock sampling of the Green Zone. The 2010 soil sampling program focused on the western half of the zone. A total of 474 soil samples were collected, returning values from trace up to 2.58 g/t gold. A total of 91 samples returned values in excess of 100 ppb gold, and have outlined a large soil anomaly measuring approximately 400 metres by 1,000 metres.

A total of 136 grab and chip rock samples were also collected from the Green Zone, and gold values ranged from trace up to 66.52 g/t (from a grab sample) and 3.36 g/t (from a 1.0 metre chip sample). A total of 24 of the Green Zone rock samples returned values in excess of 1.0 g/t gold.

The Green Zone is a mineralized east-west trending structural corridor extending at least two kilometres in strike length. Disseminated and locally banded arsenopyrite occurs within veins and veinlets and in strongly altered and locally brecciated quartz-pebble conglomerate.

Additional 3Ace Results

In addition to the four named zones at the 3Ace Project, other highly anomalous rock or soil samples have highlighted a number of areas for additional exploration work, including gold values of:


- 22.89 g/t from a rock grab sample 900 metres south of the Green Zone
- 15.54 g/t from a rock grab sample 400 metres south of the Green Zone
- 9.46 g/t from a rock grab sample 800 metres south of the Green Zone
- 5.89 g/t from a 2.0-metre bedrock chip sample 400 metres southwest of the
Green Zone
- 9.27 g/t from a soil sample 250 metres northwest of the Main Zone
- 2.45 g/t from a soil sample 250 metres southeast of the North Zone

A minimum 1,000 metre drill program (see news release dated September 21, 2010) is progressing well with 2 holes completed and another in progress. Drill core from the Main Zone is being moved to Whitehorse for sawing, sampling and shipping to an assay lab; results will be reported when available.

Sample location maps and a table of the Sleeping Giant continuous chip samples are available at www.northern-tiger.com.

This News Release has been reviewed and approved by Carl Schulze, B.Sc., P.Geol., the Qualified Person as defined by NI 43-101. All rock and drill core samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50-element, 4-acid ICP analysis. Soil and silt samples were also analyzed by Inspectorate, using 30-gram fire assay analysis. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database.

Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.

To date the company has drilled four HQ-oriented core diamond drill holes totalling 1,054 m and 38 RC drill holes totalling 2,589 m on four of the five separate zones at Clear Creek. Additional results for 11 of the RC drill holes (five from Bear Paw zone, five from Contact zone, and one from the Saddle zone) have now been received and analyzed. The company's Yukon project map showing its property holdings as well as detailed Clear Creek plan maps and drill hole results table are available for viewing on the company's website.

The drill program at the Saddle zone was designed to test an open-ended 600-metre long Au-As (gold-arsenic) soil anomaly. The drill program at the Contact zone was designed to test the extent of mineralization associated with a clay-altered silicic dike recognized in prior drilling, and to evaluate sheeted quartz-potassium-feldspar veins hosted by the tombstone granitic rocks. The drill program at the Bear Paw zone was designed to test the northeast-southwest trend of a one-kilometre-long-by-250-metre-wide Au-As soil anomaly.

Anomalous gold values in soil and rock on the Clear Creek property are spatially associated with mid-Cretaceous-aged tombstone plutonic suite (TPS) granitic stocks and the Bear Paw breccia zone. Previously identified mineralization is associated with sheeted veins in and around the stocks as well as with hydrothermal breccias, which are spatially, and possibly temporally, related to the intrusive rocks. The company's 2010 diamond and RC drilling at Clear Creek focused on further exploring the Bear Paw zone, the Contact zone, the Saddle zone and the Josephine zone of the property. No work was planned this year on the Rhosbegobel zone where Kennecott had previously identified a shallow near-surface gold-mineralized area of approximately 40 million tonnes grading 300 ppb (parts per billion) Au with a higher grade core of 1.5 million to 2.0 million tonnes grading between 0.75 and 1.25 g/t Au from an east-west trending zone 1,200 m long, 200 m wide and 65 m deep as outlined from 27 RC holes averaging only 73 m in depth (Coombes, 1995). The Clear Creek property is in an active placer mining area that has produced more than 129,000 ounces Au (Allen et all, 1999) with no known source.

Results from Golden Predator's other active drilling projects, including results from the 23 additional holes drilled during 2010 at the Clear Creek project, will continue as assays are received. Current year drilling is complete at Antimony, Clear Creek and Cynthia with programs still underway at Gold Dome, Grew Creek and Brewery Creek.

stock at these prices. That being said, they said none of the Yukon plays were "undervalued" at the
moment but said there was potential for substantial price appreciation from these levels still this year
based on drill results.
Drilled 3 holes at the Main Zone and due to fog moved to Sleeping Giant Friday for a few holes. Fog
apparently has moved on so will likely go back to the Main Zone for more holes (Main zone is higher
up in elevation) in the next few days. Even though program called for 6 holes, will probably do more.
First 2 holes placed directly over the main zone with one hole targeting shallow and the second deeper
to see how far it goes down. They will hit mineralization on these holes.....only question is width. 4-5
weeks until first set of assays.
Management is meeting with institutions Monday/Tuesday. The houses have missed Kaminak and
Atac and there seems to be an urgency that they don't want to miss the third large discovery. Pressure
is on to do a PP but they are holding strong as they like their chances of hitting on the drill results. That
being said, if an offer too good to be true comes along, I wonder if they will take it. The millions of
warrants that have been exercised has given them a nice cash cushion so no hurry on a PP.

www.statesidereport.com/

10SWC-669       Minto East  312.3  324.9   12.6     41.3    5.07  2.22   14.5
Including                   314.0  323.0    9.0     29.5    5.96  2.59   16.7
10SWC-674       Minto East  284.9  303.5   18.6     61.0    3.65  1.56    8.0
including                   298.5  303.5    5.0     16.4    5.75  2.39   14.5

* Based upon the current 3-D interpretation of the Minto East deposit the
 intervals quoted here are at or near true thickness.

Minto East has rapidly advanced from a geophysical target, to a drill discovery, through an initial round of drilling and mineral resource estimation, and in filled to standards suitable for reserve estimation, all in less than a year," said Stephen Quin, president of Capstone. "With drilling now complete, an updated mineral resource estimate will be completed and utilized in the phase V prefeasibility study for the Minto mine."

These drill results, along with those previously released, indicate that the Minto East deposit is an approximately ellipsoid lens with best grades and thicknesses in the centre, and which thins and drops off in grade toward the edges. The thick, high-grade intercepts reported in the table are from the core of the deposit, while the narrower, lower grade intercepts in the table attached are from the margins of the deposit.

A new resource model for Minto East should be completed in October. The drill rig used at Minto East has moved to Wildfire in order to advance that new discovery to a preliminary mineral resource before year-end.

Pacific Ridge Exploration Ltd. (PEX)
As of September 29th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 29/10 Sep 27/10 Davis, R.E. Gordon Direct Ownership Common Shares 10 - Acquisition in the public market 55,500
.353
Sep 29/10 Sep 24/10 Davis, R.E. Gordon Direct Ownership Common Shares 10 - Acquisition in the public market 39,000
.349
Sep 24/10 Sep 21/10 Davis, R.E. Gordon Direct Ownership Common Shares 10 - Acquisition in the public market 20,000
.330
Sep 24/10 Sep 21/10 Davis, R.E. Gordon Direct Ownership Common Shares 10 - Acquisition in the public market 120,000
.320
Sep 24/10 Sep 21/10 Davis, R.E. Gordon Direct Ownership Common Shares 10 - Acquisition in the public market 140,000
.340
Sep 24/10 Sep 20/10 Davis, R.E. Gordon Direct Ownership Common Shares 10 - Acquisition in the public market 181,000
.306
Sep 08/10 Sep 04/10 Brock, John Sebastian Direct Ownership Common Shares 54 - Exercise of warrants 50,000
.250
Sep 08/10 Aug 27/10 Davis, R.E. Gordon Direct Ownership Common Shares 54 - Exercise of warrants 50,000
.250
Sep 08/10 Sep 04/10 Brock, John Sebastian Direct Ownership Warrants 54 - Exercise of warrants -50,000
.250
Sep 08/10 Aug 27/10 Davis, R.E. Gordon Direct Ownership Warrants [Amended Filing] 54 - Exercise of warrants -50,000
.250
www.smartstox.com/interviews/pex

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