Solid future for gold firm – by Chris Ribau (Timmins Daily Press – October 28, 2011)

The Daily Press is the city of Timmins broadsheet newspaper.

Solid Gold Resources announces major gold find by Abitibi Lake

Drill testing near Lake Abitibi could prove the potential for a new gold camp.

Solid Gold Resources Corporation began staking mineral claims around the south end of Lake Abitibi in 2007 when they saw the possibility of good things happening in the gold industry.

“As we went forward in doing our work we realized that there was more perspective ground around us so we claimed up some more,” said Darryl Stretch, president of Solid Gold. “We have just over 200 square kilometres. It’s a very large land package.”

Northeastern Ontario has been a prolific mining area for over a century and is famous world wide as a place where world class deposits are found, explained Stretch.

“Our team has been very successful in targeting a large under explored area with high resolution airborne surveys,” said Stretch. “As a result, we have discovered several new mineralized structures and high grade gold in early drill testing.”

Solid Gold believes the potential economic impact of the initiative could be enormous if it leads to the development of new mines in the area.

“We’re working hard to prove what could be one of the biggest discoveries ever in the region,” said Stretch. “In this time of global stress, I cannot imagine a better time or place on Earth to be working towards such a goal.”

Mayor Tom Laughren explained his thoughts on the data presented by Solid Gold.

“I think when you think about Timmins and the century of mining, we think we just scratched the surface,” said Laughren.

Solid Gold released news about further drill testing now being conducted at Lake Abitibi.

“We did a drill program last year, which we called Phase 1, and we were very successful in targeting the structures. We hit high grade gold there. When you do a planned phase drill program you pretty much have to stop at the end of it,” said Stretch. “As we realized the positive results that we got, we decided that we better go and do some more drilling. So we’re back at it now and we’d like to carry on and never stop drilling because there is so much good stuff to be found there. We’re pretty excited about the response that we’re getting for what we’re doing.”

For the rest of this article, please go to the Timmins Daily Press website: http://www.timminspress.com/ArticleDisplay.aspx?e=3349464

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