Solitario Zinc Corp.

TSX Exchange | Jan 28, 2020, 5:47 AM EST | Real-time price

SLR $ 0.375 RT
-0.005 (-1.3158%)
Day Low: 0.375
Day High: 0.375
InvestmentPitch Media Video Discusses Solitario Zinc's Update on Continuing 2019 Drilling Program on its Florida Canyon Zinc Project in Peru - Video Available on

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2019) - Solitario Zinc Corp. (NYSE: XPL) (TSX: SLR) has provided an update on the continuing 2019 drilling program on its Florida Canyon zinc project in Peru. The Florida Canyon high-grade zinc project located in northern Peru is joint ventured with Nexa Resources S.A., the world's fourth largest zinc miner. has produced a "video" which discusses this news. If this link is not enabled, please visit and enter "Solitario" in the search box. 

Cannot view this video? Visit:

The highlight of this round of drilling was drill hole PEBGD-000015 that intersected 12.4 meters grading 15.1% zinc-equivalent. Within the 12.4-meter interval, two higher-grade zones averaged approximately 20% zinc-equivalent over 3.6 and 4.6 meters respectively.

Results reported are for drill holes PEBGD-000011 to 000023. Five of the thirteen holes reported did not intersect significant mineralization. Three core rigs continue to drill on the project and are expected to complete the program by late-October.

Chris Herald, President and CEO, stated: "We remain encouraged that the majority of drill holes have intersected mineralization. The program continues to focus on near-vertical replacement bodies that can be high-grade and large-tonnage. We anticipate reporting assay results for another 15 drill holes over the next couple months."

Drill hole PEBGD-000015 was important in extending the San Jorge high-grade zone an additional 90 meters to the south.

Solitario owns a 39% interest and Nexa owns a 61% indirect interest in the Florida Canyon project. Nexa can earn a 70% interest in the Florida Canyon project by continuing to fund all project expenditures and committing to place the project into production based upon a positive feasibility study. Upon earning 70%, Nexa has further agreed to finance Solitario' 30% participating interest for construction through a project loan. Solitario will repay the loan facility through 50% of its net cash flow distributions from production.

Solitario also holds 50% joint venture interest in the high-grade, open-pittable Lik Zinc Deposit in Alaska which covers 6,075 acres located approximately 14 miles from Teck's Red Dog Mine. The Lik Zinc Deposit is a 50/50 joint venture with Teck, with Solitario the operator. The company also holds a 9.9% equity interest in Vendetta Mining.

Solitario's cash balance and marketable securities stand at approximately US$9.2 million.

For more information, please visit the company's website, contact Christopher E. Herald, President & CEO, at 303-534-1030, Ext. 14.

For Investor Relations, contact Valerie Kimball, Director, at 800-229-6827 or email

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.


InvestmentPitch Media
Barry Morgan, CFO

To view the source version of this press release, please visit

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.