Expansion Of Geyser Gold Target With New Multi-Gram Gold Assay Results

Expansion Of Geyser Gold Target With New Multi-Gram Gold Assay Results

DENVER, CO – Solitario Resources Corp. has significantly expanded, and better defined through infill rock sampling, the Geyser gold zone area on its Golden Crest project. Recently received assay results from reconnaissance rock sampling of outcrop, sub-crop and float from the 2023 field season yielded gold values as high as 171.5, 108.0, 78.6 and 59.9 grams per tonne (gpt) gold.

Geyser was previously reported as three separate zones: Geyser, Spur and Zig Zag. Results from the 2023 reconnaissance rock grab sampling program resulted in these three zones coalescing into a single zone that is now solely referred to as the Geyser Zone. The complete Geyser dataset from the 2022 and 2023 field seasons totals 515 rock grab samples. Ninety-nine (99) of these samples have returned values in excess of 1.0 gpt gold, with 36 exceeding 10 gpt gold.

The Geyser Zone is V-shaped and is believed to represent two intersecting structural trends (see attached map). The west limb is a broad rectilinear zone that trends north-south and is 1,200 meter long and up to 600 meters wide. At its southern end, a distinct, structurally controlled zone branches off to the northeast for 1,100 meters forming the eastern limb of the V-shaped surface mineralization. This zone varies from 200 to 400 meters in width. A third, less-well defined subzone exists east of this structure. The two primary limbs to the Geyser prospect are characterized by scattered, but widespread, high-grade gold values surrounded by large zones of lower-grade mineralization between 0.2 to 2.0 gpt gold. Previously reported Spur Trench 1 results, 0.82 gpt gold over a continuously sampled 234-meter trench in bedrock and sub-crop, exemplifies this lower-grade halo.

Chris Herald, President and CEO, said, “We believe Geyser has developed into one of the most exciting greenfields gold exploration targets in North America. Mineralization defined to date at Geyser displays a widespread distribution of very high-grade gold in surface samples, within an overall halo of lower-grade gold. We remain amazed at the strength of this 80-square kilometer hydrothermal gold system, and the fact that it remained undiscovered throughout the 150-year history of exploration and mining in the northern Black Hills. We are confident that with continued surface exploration, this strongly mineralized area will continue to expand. We are still receiving assay results for rocks collected during 2023 and anticipate releasing additional results soon.”