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Solitario Exploration & Royalty Reports Additional High-Grade Drilling Results on Its Bongará Zinc Project, Peru
Tuesday, January 13, 2009 10:45 AM


(Source: Business Wire)trackingSolitario Exploration & Royalty Corp. (NYSE Alternext US: XPL; TSX: SLR) announced that it has received assay results for 19 out of 52 core drill holes completed in the last five months on its high-grade Bongará zinc-lead project in northern Peru. Highlights include spectacular results from drill hole V-44 that cut 9.3 meters grading 37.27% zinc, 2.24% lead and 70.7 grams per tonne ("gpt") silver and hole V-165 that intersected 19.0 meters grading 12.82% zinc, 0.81% lead and 29.4 gpt silver. The 52-hole, 15,000 meter program was managed and entirely funded by Solitario's joint venture partner Votorantim Metais.

The Bongará project hosts the Florida Canyon zinc deposit where high-grade zinc mineralization has been intersected in drill holes over an area at least two-by-two kilometers in dimension. The deposit is open to expansion in all directions. A complete listing of all assay results for the first 19 drill holes of 2008 can be accessed at http://www.solitarioxr.com/art/2008BongaraDrillHoleResults.jpg. Additional project information can be found at http://www.solitarioxr.com/bongara.html. The five best of these reported drill holes are provided in the table below:

  Drill Hole Number    Intercept* (meters)      Zinc %      Lead %      Zinc+Lead %      Silver g/t   V-44                 28.3                     15.24       0.80        16.04            28.3         Including            9.3                      37.27       2.24        39.51            70.7         And                  4.0                      11.61       0.19        11.80            19.2         V-49                 26.0                     5.04        0.22        5.26             3.8          Including            10.0                     9.49        0.12        9.61             4.6          V-58                 7.3                      6.13        0.12        6.25             1.5          And                  9.7                      3.66        0.37        4.03             2.8          V-165                19.0                     12.82       0.81        13.63            29.4         V-166                4.7                      18.40       0.28        18.68            5.8          And                  4.0                      7.81        0.25        8.05             1.8          * True widths cannot be accurately estimated at this time                                            -------------------------------------------------------------------------------  

The 2008 drilling program focused upon two separate areas. Results included in this release are from a large area measuring 600 x 350 meters in the southern part of the known footprint of mineralization.



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