Solitario Reports More Drill Results from Bongara Zinc Project

Solitario Exploration & Royalty Corp. (TSX:SLR,NYSEMKT:XPL) announced further drill results for its Peru-based, high-grade Bongara zinc project, commenting that core hole V-451 intersected 30.7 meters grading 13.1-percent zinc, 5-percent lead and 32.6 g/t silver. Core hole V-453 intersected 22 meters grading 13.7-percent zinc, 1.5-percent lead and 14.5 g/t silver.

As quoted in the press release:

Surface drilling began in the first quarter of 2013 and was completed in the second quarter. During this period 61 core holes were drilled totaling 7,545 meters. Four of the holes did not reach the target depth. Of the 58 drill holes that reached their target depth, 40 holes intersected mineralization grading in excess of 2.0% zinc + lead over at least two meters, or equivalent. This latest round of surface drilling was focused in the central portion of the KMZone that had previously been sparsely drilled.

Chris Herald, president and CEO of Solitario, noted:

It’s not often that intercepts of plus 50% zinc + lead or 30 meters of 18% zinc + lead are intersected. But more important than these reported exceptional grades and thicknesses, is the fact that these results also demonstrated favorable continuity of mineralization in the KM-Zone.

Click here to read the full Solitario Exploration & Royalty Corp. (TSX:SLR,NYSEMKT:XPL) press release.