Kaiser Bottom Fish OnlineFree trialNew StuffHow It WorksContact UsTerms of UseHome
Specializing in Canadian Stocks
SearchAdvanced Search
Welcome Guest User   (more...)
Home / Companies / KRO Profile
KRO Profile
KRO Company Profile

Solitario Resources Corp (SLR-T)
RSWeb SiteTreeForumSEDARQuoteFree
Trade DateVolumeHighLowCloseChgStatus
March 27, 202411,700$0.820$0.770$0.810$0.000Trading
Basic Info
Listed On:TSX: SLR7/19/1994Sector:ResourceKey People
Issued:77,649,85810/16/2023Story Type:Feasibility DemonstrationChristopher E. Herald (CEO), Brian Labadie (Chair), James R. Maronick (CFO), Walter H. Hunt (COO),
Diluted:87,156,525
JK Owns:No
Insider Stake:13%6/21/2022Tel:(303) 534-1030
Working Capital:$4,952,0009/30/2023Email:Address
Market Cap:$62,896,385
Web Site:solitarioxr.com4251 Kipling St. #390, Wheat Ridge, CO, 80033, United States
Cash Breakup:$0.00per shTwitter:@CorpZinc
Spec Value Rating History
Dec 13, 2018 $0.360 Bottom-Fish Spec Value New
Dec 24, 2020 $0.750 Fair Spec Value New
Dec 6, 2021 $0.570 Bottom-Fish Spec Value New
Nov 28, 2022 $0.770 Bottom-Fish Spec Value New
Dec 30, 2022 $0.840 Fair Spec Value New
Dec 21, 2023 $0.770 Bottom-Fish Spec Value New
Dec 29, 2023 $0.760 Fair Spec Value New
Spec Value Rating Overview Updated January 3, 2023
SV Rating: Fair Spec Value - Favorite - as of December 29, 2023: Solitario Zinc Corp was made a Fair Spec Value rated 2023 Favorite at $0.84 on Decxember 30, 2022 based on the potential of the relatively new Golden Crest project in South Dakota to turn into a major gold discovery, and the sleeper potential of the company's Florida Canyon and LIK zinc projects. The key missing piece is a plan of operations permit which would allow Solitario to begin drilling targets it has developed on the 13,500 ha Golden Crest project which the junior began assembling in early 2021. Environmental assessment work was initiated in February 2022 and approval is expected in Q2 of 2023 with drilling underway in H2 of 2023. Golden Crest covers an unexplored plateau to the west of the Black Hills where 93 million ounces have been identified within a 12,000 ha area. Of these 68.3 million ounces are attributable to the Precambrian basement hosted banded-iron-formation Homestake deposit, 8.2 million ounces to the Paleozoic sediment hosted Wharf Mine, and the rest in a variety of deposits including the Richmond Hill/Maitland land package assembled by Bob Quartermain's Dakota Gold Corp. Whereas the exploration activity in the Black Hills to the east involves rethinking the existing geology in the hope that past exploration overlooked significant gold zones, Solitario's work at Golden Crest to the west is old-fashioned grassroots exploration so far limited to geophysical surveys with surface prospecting and trenching. Golden Crest has seen limited exploration beyond a few old-timer prospect pits that didn't come up with much, and several scout holes drilled by Homestake in the 1990s which confirmed the presence of Homestake Formation within the Precambrian basement at a depth of 300-400 m but never attracted further attention from Homestake. The major also conducted a BLEG stream sediment sampling program in 1988-1993 which generated an anomaly bigger than anything identified in the Black Hills. But the area was covered by soil and trees, and whatever outcropped looked uninspiring. Although the Paleozoic carbonates at Golden Crest are younger than the older Paleoziocs whose Deadwood Formations are the gold-silver host rocks at the Wharf Mine, prospecting by Solitario has revealed zones of high grade gold mineralization with a silver kicker at surface in zones such as Downpour and more recently Geyser. The mineralization and alteration has a similar early Tertiary age as the Wharf system, which suggests that this more recent episode of hydrothermal activity had a footprint that extended well beyond the uplifted Black Hills area. Solitario has developed a model for three types of targets. The first is near surface gold mineralization associated with sub-vertical structures which may not have big tonnage implications. The second is the potential for Wharf style Deadwood Formation hosted mineralization where the fluids traveled sideways within these more porous and permeable rocks at a depth of 200-400 metres as they traveled up structures eventually leaking out near the current surface. The third target would be much older Homestake Formation gold mineralization which may have been the pantry from which the younger Tertiary fluid flow harvested its gold payload. A potential fourth target is within the upper 200 metre sequence which may have strata that no longer exist in the uplifted Wharf area but which may have been laterally receptive like the Upper Deadwood Formation. Solitario's drilling strategy would involve holes that penetrate at least 100 m into the Precambrian basement and test the entire package of overlying carbonates. Solitario is headed by Chris Herald and Walter Hunt who have been with the junior since the 1990s when it was spun out of Crown Resources Corp which discovered the Buckhorn gold deposit in Washington. Until recently its flagship has been the Florida Canyon zinc-lead-silver project in Peru where it has a 30% carried to production interest. The operator Nexa (formerly Votorantim) has undertaken a major permitting campaign to test targets beyond the Bongara deposit so that it knows what scale to build a future mine at. These permits might not be in place until 2024. Solitario also has a 50:50 JV with Teck on the LIK zinc deposit in Alaska not far from the Red Dog Mine whose 35% NPI in favor of the Nana Native Corp increases to 50% in 2032. The bet with LIK is that Teck may want to buy out Solitario and develop LIK as a royalty free project. Solitario will have USD $5.5 million working capital at the end of 2022. In addition to the TSX listing Solitario trades on the NYSE with the symbol XPL. That exposes this junior to being periodically hijacked by algo-traders as happened in late 2020. The junior has in place an "at the market" (ATM) facility that would allow it to sell up to USD $9 million of treasury stock into the market should Golden Crest results catch the market's imagination. With only 70.2 million shares fully diluted Solitario is primed for substantial upside if Golden Crest delivers a major gold discovery.
Corporate Change History


#Old for NewLast PricePrior NameSubsequent NameDetails
Jun 12, 2008Name Change1:1$4.90Solitario Resources Corp (SLR-T)Solitario Expl & Royalty Corp (SLR-T)
Jul 18, 2017Name Change1:1$0.95Solitario Expl & Royalty Corp (SLR-T)Solitario Zinc Corp (SLR-T)
Jul 18, 2023Name Change1:1$0.73Solitario Zinc Corp (SLR-T)Solitario Resources Corp (SLR-T)
Recommendation History
Edition Date Price
Recommendation Gain
BF1999 12/11/1998 $0.27 New BF TP Buy $0.20-$0.29 0%
BF1999 1/5/2000 $0.35 BF Cycle Closeout Sell 100% 21%
BF2000 1/5/2000 $0.35 New BF TP Buy $0.30-$0.49 0%
BF2000 10/18/2000 $0.35 BF Cycle Closeout Sell 100% -29%
BF2000 1/11/2001 $0.90 New BF TP Buy $0.76-$1.00 0%
BF2000 12/23/2003 $1.70 New Spec Cycle Hold 100% %
BF2000 2/15/2007 $4.43 Confirm Spec Cycle Hold 100% 343%
BF2000 10/6/2008 $3.31 BF Cycle Closeout Sell 100% 231%
BF2014 1/7/2014 $0.91 New BF Buy $0.76-$1.00 -9%
BF2014 12/31/2015 $0.70 BF Technical Closeout 100% -30%
BF2016 12/31/2015 $0.70 New BF Buy $0.50-$0.75 -7%
BF2016 12/13/2018 $0.36 BF Technical Closeout 100% -52%
SVF2023 12/30/2022 $0.84 Fair Spec Value Favorite 0%
SVF2024 12/29/2023 $0.76 Fair Spec Value Favorite 0%
SVF2023 1/4/2024 $0.76 SV Technical Closeout 100% -10%
Charts & Financing Activity
 Most recent 43-101 resource estimate  Prior resource estimate  PEA  PFS  FS/BFS/DFS
Private Placement Key
less than $500,000 $1,000,000 - $2,000,000 $5,000,000 - $10,000,000 $20,000,000 - $50,000,000
$500,000 - $1,000,000 $2,000,000 - $5,000,000 $10,000,000 - $20,000,000 over $50,000,000
Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.
Date Company Type Quantity Price FT Units Amount Broker
No Financing Data Available
Capital
Financials Dated: September 30, 2023 Reporting Period: 9 months Year End: 12/31 Currency: CAD
Assets Liabilities Income
Cash Equivalents: $168,000 Current Liabilities: $327,000 Operating Revenues: $0
Receivables etc: $5,111,000 Tangible LT Debt: $185,000 Operating Cash Costs: $0
Current Assets: $5,279,000 Intangible LT Debt: $0 Operating Cash Flow: $0
Long Term Assets:$16,832,000Total Liabilities:$512,000Operating Non-Cash Costs:$0




Miscellaneous Revenue:$0
Total Assets: $22,111,000 Share Capital: $77,507,000 Cash Expenses: $1,200,000


Shareholder Deficit: ($55,908,000) Non-Cash Expenses: $7,000
Working Capital: $4,952,000 Net Shareholder Equity: $21,599,000 Total Expenses: $1,207,000




Overall Cash Flow:($1,200,000)
Monthly Overhead:$133,333

Net Income (Loss):($1,207,000)

Note:
Capital History
Date PeriodCash EqCurrent
Assets
Total
Assets
Current
Liabilities
Total
Liabiltiies
Share
Capital
GAINCash
Expenses
DilutedWorking
Capital
3/31/2011 3 $470,000 $3,665,000 $24,774,000 $5,303,000 $12,313,000 $38,338,000
$1,048,000 0 ($1,638,000)
9/30/2011 9 $3,320,000 $6,408,000 $28,234,000 $4,499,000 $9,658,000 $48,826,000
$5,979,000 36,638,358 $1,909,000
12/31/2011 12 $432,000 $5,281,000 $22,054,000 $4,936,000 $8,181,000 $49,015,000
$8,966,000 36,638,358 $345,000
3/31/2012 3 $237,000 $6,467,000 $20,467,000 $6,165,000 $8,279,000 $46,247,000
$1,263,000 36,663,358 $302,000
6/30/2012 6 $5,610,000 $11,337,000 $24,632,000 $4,933,000 $14,128,000 $46,694,000
$2,569,000 36,888,358 $6,404,000
9/30/2012 9 $2,025,000 $7,875,000 $24,399,000 $2,698,000 $14,150,000 $46,898,000
$3,794,000 38,479,958 $5,177,000
12/31/2012 12 $616,000 $7,936,000 $23,483,000 $3,691,000 $14,266,000 $47,107,000 -4% $4,984,000 37,078,358 $4,245,000
3/31/2013 3 $4,396,000 $7,146,000 $21,982,000 $3,027,000 $14,585,000 $47,491,000
$999,000 38,788,106 $4,119,000
6/30/2013 6 $3,351,000 $4,850,000 $19,486,000 $2,207,000 $13,391,000 $48,099,000
$1,866,000 38,782,458 $2,643,000
9/30/2013 9 $3,368,000 $4,803,000 $19,818,000 $1,222,000 $12,379,000 $50,196,000
$2,331,000 37,184,350 $3,581,000
12/31/2013 12 $2,092,000 $3,784,000 $19,500,000 $1,253,000 $11,537,000 $51,963,000 10% $3,341,000 39,931,127 $2,531,000
3/31/2014 3 $2,044,000 $3,291,000 $20,070,000 $377,000 $10,975,000 $53,752,000
$579,000 39,212,689 $2,914,000
6/30/2014 6 $1,226,000 $2,333,000 $19,250,000 $360,000 $10,971,000 $53,845,000
$1,119,000 39,247,689 $1,973,000
9/30/2014 9 $1,917,000 $4,976,000 $19,901,000 $5,031,000 $12,313,000 $54,356,000
$1,991,000 41,237,689 ($55,000)
12/31/2014 12 $869,000 $3,217,000 $19,040,000 $5,204,000 $12,259,000 $54,512,000 5% $2,455,000 41,595,689 ($1,987,000)
3/31/2015 3 $329,000 $2,071,000 $18,166,000 $5,271,000 $12,277,000 $54,669,000
$579,000 42,995,689 ($3,200,000)
6/30/2015 6 $64,000 $1,238,000 $18,079,000 $5,420,000 $12,454,000 $54,876,000
$1,064,000 39,314,189 ($4,182,000)
9/30/2015 9 $17,879,000 $18,142,000 $18,399,000 $80,000 $80,000 $55,033,000
$1,561,000 41,304,189 $18,062,000
12/31/2015 12 $17,718,000 $17,990,000 $18,054,000 $179,000 $179,000 $55,063,000 1% $2,054,000 39,209,189 $17,811,000
3/31/2016 3 $17,051,000 $17,474,000 $17,536,000 $124,000 $124,000 $54,984,000
$564,000 39,035,189 $17,350,000
6/30/2016 6 $16,254,000 $17,323,000 $17,730,000 $273,000 $273,000 $54,897,000
$1,050,000 38,763,189 $17,050,000
9/30/2016 9 $307,000 $16,952,000 $17,450,000 $140,000 $140,000 $17,310,000
$2,090,000 38,745,189 $16,812,000
12/31/2016 12 $91,000 $16,837,000 $17,492,000 $116,000 $116,000 $56,171,000 2% $451,000 38,685,189 $16,721,000
3/31/2017 3 $91,000 $16,837,000 $17,492,000 $116,000 $116,000 $56,171,000
$464,000 39,121,000 $16,721,000
6/30/2017 6 $169,000 $16,578,000 $17,331,000 $250,000 $250,000 $56,149,000
$748,000 38,654,889 $16,328,000
9/30/2017 9 $261,000 $15,235,000 $31,139,000 $141,000 $266,000 $30,873,000
$1,419,000 58,443,066 $15,094,000
12/31/2017 12 $214,000 $14,613,000 $30,395,000 $141,000 $266,000 $30,129,000 -46% $1,901,000 60,416,994 $14,472,000
3/31/2018 3 $97,000 $13,615,000 $29,399,000 $165,000 $290,000 $69,880,000
$583,000 62,392,808 $13,450,000
6/30/2018 6 $210,000 $13,389,000 $29,167,000 $153,000 $278,000 $583,000
$1,507,000 64,243,022 $13,236,000
9/30/2018 9 $182,000 $12,709,000 $28,483,000 $134,000 $259,000 $583,000
$2,195,000 58,261,366 $12,575,000
12/31/2018 12 $117,000 $12,136,000 $27,903,000 $688,000 $813,000 $387,000 -99% $3,209,000 63,394,626 $11,448,000
3/31/2019 3 $538,000 $11,828,000 $27,621,000 $730,000 $893,000 $70,534,000
$588,000 64,544,994 $11,098,000
6/30/2019 6 $564,000 $10,890,000 $26,668,000 $706,000 $859,000 $69,896,000
$1,611,000 58,289,366 $10,184,000
9/30/2019 9 $335,000 $8,991,000 $24,787,000 $232,000 $374,000 $581,000
$2,745,000 58,135,366 $8,759,000
12/31/2019 12 $574,000 $8,756,000 $24,532,000 $269,000 $401,000 $70,785,000 18,191% $3,175,000 62,506,066 $8,487,000
3/31/2020 3 $440,000 $8,319,000 $24,072,000 $341,000 $466,000 $70,867,000
$449,000 62,489,366 $7,978,000
6/30/2020 6 $371,000 $8,627,000 $24,383,000 $268,000 $393,000 $70,996,000
$747,000 68,182,966 $8,359,000
9/30/2020 9 $413,000 $8,602,000 $24,380,000 $247,000 $125,000 $71,067,000
$1,085,000 68,179,366 $8,355,000
12/31/2020 12 $605,000 $8,049,000 $23,801,000 $174,000 $299,000 $581,000 -99% $1,463,000 63,666,366 $7,875,000
3/31/2021 3 $1,404,000 $7,696,000 $23,529,000 $175,000 $362,000 $584,000
$427,000 58,379,116 $7,521,000
6/30/2021 6 $405,000 $6,955,000 $23,149,000 $474,000 $655,000 $584,000
$920,000 58,443,766 $6,481,000
9/30/2021 9 $554,000 $6,048,000 $22,351,000 $251,000 $422,000 $586,000
$1,586,000 58,633,766 $5,797,000
12/31/2021 12 $462,000 $7,159,000 $23,619,000 $276,000 $436,000 $620,000 7% $2,167,000 67,549,399 $6,883,000
3/31/2022 3 $345,000 $8,689,000 $25,141,000 $267,000 $417,000 $648,000
$613,000 64,760,123 $8,422,000
6/30/2022 6 $346,000 $7,237,000 $23,718,000 $532,000 $671,000 $648,000
$1,177,000 64,768,873 $6,705,000
9/30/2022 9 $5,142,000 $6,132,000 $22,973,000 $609,000 $738,000 $75,457,000
$2,931,000 70,200,123 $5,523,000
12/31/2022 12 $316,000 $5,254,000 $22,034,000 $263,000 $388,000 $648,000 5% $3,643,000 70,191,373 $4,991,000
3/31/2023 3 $440,000 $4,907,000 $21,671,000 $213,000 $338,000 $648,000
$751,000 64,801,373 $4,694,000
6/30/2023 6 $2,573,000 $3,990,000 $20,835,000 $274,000 $469,000 $649,000
$1,621,000 74,358,040 $3,716,000
9/30/2023 9 $168,000 $5,279,000 $22,111,000 $327,000 $512,000 $77,507,000
$1,200,000 69,163,040 $4,952,000
Structure & People
Directors, Officers and Employees: 5,977,249 7.7% AGM: June 21, 2022
Other Insiders: 3,834,172 4.9% People Tree Available
Past Reported Shareholders: 8,459,754 N/A
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Gil Atzmon Analyst 6/19/2018

2,725,870 3.5%
Joshua Crumb Engineer 6/19/2018

17,860 0.0%
Christopher E. Herald Geologist 8/1/1992 CEO & President 1,667,000 2.1%
James K. B. Hesketh Engineer 6/19/2018
Chairman 103,000 0.1%
Brian Labadie Engineer 6/27/2006 Chairman 192,857 0.2%
John Labate Accountant 12/21/2016

10,000 0.0%
Debbie Mino-Austin Investor Relations 4/20/2022

154,161 0.2%
Walter H. Hunt


COO 465,462 0.6%
James R. Maronick
6/17/2014
CFO 641,039 0.8%
Zebra Holdings and Investments SARL Family Trust 6/10/2021


3,834,172 4.9%
Past Insiders and Reported Shareholders - Current Ownership Status unknown - positions may be pre-rollback
Related Party Occupation Related
Since
Insider
Ended
Director
Ended

Capacity Ownership
John Hainey Engineer 1/1/1999 12/31/2016 12/31/2016
Director 0
Leonard Harris Retired 6/1/1998 6/19/2018 6/19/2018
Director 67,476
Mark E. III Jones Mining Executive 8/1/1993 11/11/2016 11/11/2016
Director 258,000
Daniel B. Leonard Retired



Director 0
Loeb Partners Corp
6/16/2009


Insider 1,623,228
Newmont Canada Ltd Public Company 6/16/2009


Insider 2,700,000
Pinetree Capital Ltd Public Company



Insider 1,500,000
Sprott Asset Management Inc Institution 6/16/2009


Insider 2,311,050
Steven A. Webster
6/27/2006 3/23/2009 3/23/2009
Director 0
Share positions of current insiders based on last AGM circular, ownership % based on current Issued. Share positions of past insiders and shareholders have not been adjusted for rollbacks or splits.
Active Index Memberships
Membership Start Date:December 29, 2023Start Price:$0.74
KRO Favorites 2024: Features companies designated 2024 KRO Favorites, based on closing price December 29, 2023 or when added during 2024..
Risk Analysis

Click here to view IPV Report

Key to Understanding the Spec Value Hunter Tables
Flagship Play Secondary Plays Other Plays
A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to the rational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Color Key for Target Outcome Achievability
Ranges in millions
ranked from most to least achievable
below $25 Should be Private: Artisanal, Placer, Mom & Pop Shop
$25-$50 Tiny Scale: underground mine or quarry - not worth the bother
$50-$100 Small Scale: junior needs to self-develop
$100-$250 Buyout Target: by Lower Tier Producers
$250-$500 Buyout Target: by Mid-Tier Producers
$500-$1,000 Ideal Target for Junior: Buckhorn, Sleeper
$1,000-$2,000 Almost World Class: Ekati, Red Chris, Brucejack, Juanicipio, Stibnite
$2,000-$5,000 World Class: Eskay Creek, Hemlo, Hermosa-Taylor, Oyu Tolgoi, LaRonde, McArthur
$5,000-$10,000 Giants: Escondida, Sullivan, Carlin Trend, Kidd Creek, Orapa, Kamoa-Kakula
above $10,000 Off the Scale District: Wits 1.0, Araxa, Sudbury Basin, Bayan Obo
The target outcome range required for the current implied project value to represent fair speculative value is based on the upper and lower certainty limits associated with the project stage. The color coding is based on the target outcome using the mid-point of the certainty range.
Active Company Projects
Project Location Net
Interest
Stage IPV $
MM
Fair Spec Value
Required Target
Outcome Range

$100
UPV
$500

$2000
Target Metals Deposit Style
Golden Crest United States - South Dakota 100% WI 2-Target Drilling $71 $2,824 - $7,060 GoldBanded Iron Formation
Florida Canyon Peru - Northern Peru 30% FC 5-PEA $235 $941 - $2,353 Zinc Lead SilverMississippi Valley
Lik United States - Alaska 50% WI 5-PEA $141 $565 - $1,412 Zinc Lead SilverSedex
Project StageFlagshipSecondaryActive
Grassroots (1) & Target Testing (2)
Discovery Delineation (3)
Infill Drilling & Metallurgy (4)
PEA (5) or PFS (6)
Feasibility & Permitting (7)
Construction (8) or Production (9)
Clicking on the project icon will display a popup identifying the company project, its stage and target metals, basic facts, a chart, a link to that project within that company's KRO Profile, a link to the most recent news release, and a link to the most recent KRO comment if one exists.
Company Projects

Golden Crest Project
Featured in Share Collective
Golden CrestUnited StatesSDSouth Dakota13,473 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 1.00%
Ownership Terms: Agreement Aug 3, 2021 to acquire 100% for $300,000 and $2 million exploration over 4 years, then $100,000 annually years 5-10 increasing to $150,000 annually in Y11, and $1 million exploration annually from Y5 onwards. Vendor retains 2% NSR of which half can be bought for $1 million.
Target Metals: GoldModel: Banded Iron FormationStage: 2-Target Drilling
See Reliable Project Location Google Map in free Corporate Profile

Florida Canyon Project
Featured in Share Collective
Florida CanyonPeruOTNorthern Peru12,600 ha
Net Interest: 30% FC
Vested: Yes
Uncapped NSR/GOR: 3.00%
Ownership Terms: (formerly called Bongara) Owns 100%, Aug 15, 2006 agreement optioning 70% to Votorantim Group (now Nexa) which can earn 70% by committing to put Bongara into production and funding all costs. Votorantim must spend $1 million in year 1, $1.5 million in each of years 2 & 3, and $2.5 million annually thereafter until $18 million has been spent. Votorantim vests for 70% once it commits to place Bongara into production, at which point it must fund Solitario's share of capital costs which is repyable from 50% of Solitario's 30% share of cash flow. Since 2006 Votorantim has spent $60 million on Bongara. The property is subject to an NSR to the Peruvian government of 1% on gross revenues up to $60 million, 2% on $60-$120 million and 3% on revenues in excess of $120 million. Solitario has held Bongara since 1996. Cominco held an option from 1997-2001.
Target Metals: Zinc Lead SilverModel: Mississippi ValleyStage: 5-PEA
Notes on Florida Canyon Project
Bongara hosts a Mississippi Valley type zinc-lead system occurring as stratigraphic and structurally controlled zones in dolomite. It is located in the Amazon jungle covered portion of northern Peru. Solitario acquired the project in 1994 when it targeted a high grade oxide zinc deposit with grades of 20-40% zinc. By August 1995 Solitario had estimated a resource of 1,347,000 tonnes of 20.5% zinc and 2.1% lead using a 7.5% combined zinc-lead cutoff. Further exploration in search of sulphide mineralization resulted in the Florida Canyon discovery, which prompted Cominco to option Bongara in December 1996 on stiff terms that required it to spend US $27.5 million over 4 years and fund all costs leading to a bankable feasibility study to earn 65%. Cominco spent US $16 million before it flipped the option to Pasminco in August 2000, but by February 2001 both Cominco and Pasminco dropped the option. Cominco drilled 80 holes (24,700 metres) in the Florida Canyon area, establishing a mineralized footprint of 2,500 m by 1,300 m. No resource calculation was ever published.
See Approximate Project Location Google Map in free Corporate Profile
Base Case Resource Estimates
Project Resource Estimate - Bongara
Jun 23, 2014NI 43-101J.B. Pennington, SRK ConsultingCutoff:
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Measured Resource1,430,000$368/tZinc13.020%100.0%410,465,678 lb86%
Lead1.850%100.0%58,322,696 lb10%
Silver19.30 g/t100.0%887,342 oz4%
Indicated Resources1,350,000$351/tZinc12.510%100.0%372,323,891 lb86%
Lead1.710%100.0%50,893,194 lb10%
Silver17.10 g/t100.0%742,211 oz4%
Inferred Mineral Resources9,070,000$297/tZinc10.870%100.0%2,173,535,098 lb89%
Lead1.210%100.0%241,948,249 lb8%
Silver12.20 g/t100.0%3,557,663 oz3%
All Categories Spot11,850,000$312/tZinc11.316%
2,956,324,667 lb88%
Lead1.344%
351,164,139 lb9%
Silver13.62 g/t
5,187,217 oz3%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$3,695,195,4126.4%Zinc $1.10/lb, Lead $0.90/lb, Silver $24.52/oz

Lik Project
Featured in Share Collective
LikUnited StatesAKAlaska2,225 ha
Net Interest: 50% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: JV with Teck Resources
Target Metals: Zinc Lead SilverModel: SedexStage: 5-PEA
See Reliable Project Location Google Map in free Corporate Profile
Company Related KRO Comments
Mar 15, 2024KW Excerpt: Kaiser Watch March 15, 2024: Solitario Resources Corp (SLR-T)
Mar 15, 2024Kaiser Watch - 0:10:13
Dec 15, 2023Kaiser Watch - 0:00:00
Dec 15, 2023KW Excerpt: Kaiser Watch December 15, 2023: Solitario Resources Corp (SLR-T)
Oct 20, 2023Kaiser Watch - 0:12:01
Oct 20, 2023KW Excerpt: Kaiser Watch October 20, 2023: Solitario Resources Corp (SLR-T)
Aug 2, 2023Kaiser Watch - 0:12:53
Aug 2, 2023KW Excerpt: Kaiser Watch August 2, 2023: Solitario Zinc Corp (SLR-T)
May 12, 2023KW Excerpt: Kaiser Watch May 12, 2023: Solitario Zinc Corp (SLR-T)
May 12, 2023Kaiser Watch - 0:24:12
Jan 26, 2023KW Excerpt: Kaiser Watch January 26, 2023: Solitario Zinc Corp (SLR-T)
Jan 26, 2023Kaiser Watch - 0:23:35
Jan 6, 2023Kaiser Watch - 0:45:05
Jan 6, 2023KW Excerpt: Kaiser Watch January 6, 2023: Solitario Zinc Corp (SLR-T)
Dec 20, 2022Tracker: Speculative Value Rating for Solitario Zinc Corp
Jul 28, 2014Spec Value Hunter Comment: InZinc ready to track breakout in zinc
Feb 15, 2007Excerpt BFAR: Solitario Resources Corp
Jan 11, 2001Tracker 2001-02: Solitario - Top Priority Bottom-Fish for 2001
Apr 17, 2000Excerpt from Bottom-Fish Action week of April 3-14, 2000
Mar 6, 2000Excerpt from Bottom-Fish Action for week of Feb 14-25, 2000
Feb 26, 2000Excerpt from KBFR Jan-Feb 1999
Feb 7, 2000Excerpt from Bottom-Fish Action for week of Jan 24-Feb 4, 2000
Jan 19, 2000Excerpt from Bottom-Fish Action for week of Jan 10-14, 2000
Jan 10, 2000Excerpt from Bottom-Fish Action Weekly Review
Jan 5, 2000Report Jan-Feb 2000: Altoro Gold Corp - Top 20 RS BF for 2000
Nov 30, 1999Excerpt from Bottom-Fish Action for week of November 22-26, 1999
Nov 16, 1999Excerpt from Bottom-Fish Action for week of November 8-12, 1999
Oct 25, 1999Excerpt from Bottom-Fish Action for week of October 11 - 22, 1999
Sep 28, 1999Excerpt from Bottom-Fish Action for week of September 20-24, 1999
Sep 24, 1999Excerpt from KBFR July-August 1999
Sep 20, 1999Excerpt from Bottom-Fish Action for week of September 13 - 17, 1999
Dec 11, 1998Report Nov-Dec 1998: Altoro Gold Corp - 1999 Bottom-Fish 100

Company News Releases - Members Only
Mar 18, 2024Significantly Expands Geyser Gold Target with New Multi Gram Gold Assay Results Remains Open in Two Directions
Feb 27, 2024Discovers Major New Area with Multi Gram Gold; Wild Rose Zone Open in All Directions
Dec 12, 2023U.S. Forest Service Issues an Environmental Assessment and Draft Decision of No Significant Impact on Solitario's Proposed Golden Crest Drilling Program
Oct 16, 2023Completes US$4.75 Million Private Placement
Aug 2, 2023Newmont Increases Stake in Solitario to 9.95% With $2.5 Million Strategic Investment
Jul 24, 2023Updates Progress on Its Florida Canyon And Lik Zinc Projects With Drilling on Both Projects
Jul 18, 2023Bulletin 2023 0530; Name Change
Jun 21, 2023Voters Approve Name Change to Solitario Resources Corp at Annual Meeting Held June 20, 2023
May 11, 2023Golden Crest Draft Environmental Assessment Released by United States Forest Service
Feb 28, 2023Cuts 234 Meters of 0.82 GPT Gold and 27 Meters of 3.22 GPT Gold in Trenches at Spur and Zig Zag Gold Zones; Open in Multiple Directions
Jan 18, 2023Discovers Multi Gram Spur Gold Zone South of Geyser; Geyser Spur Gold Zones Open in All Directions
Dec 7, 2022Significantly Expands High Grade Geyser Gold Zone
Dec 5, 2022Join President & CEO, Christopher Herald, at the Tumazos Very Independent Research Webinar, December 8, 2022, 9:45 AM EST
Nov 16, 2022Discovers New Area of Significant Multi Gram Gold and Silver Mineralization; Increases South Dakota Land Position to Over 33,000 Acres
Nov 3, 2022Significantly Expands the Downpour Gold Zone to Over 800 X 500 Meters on its Golden Crest Project
Oct 4, 2022Extends Golden Crest Trenching Results to 33 Meters at 17.19 GPT Gold and 60 Meters at 8.55 GPT Gold
Aug 24, 2022Adds to Golden Crest Surface Trenching Results With 30.0 Meters Grading 11.1 GPT Gold
Jun 22, 2022Voting Results of Solitario Annual Meeting Held June 21, 2022
May 18, 20222022 Progress and Future Work Plans at Lik and Florida Canyon Zinc Projects
Apr 20, 2022Appointment of New Director
Apr 5, 2022Discovers New High Grade Gold Mineralization With 20.1, 17.6 and 7.9 GPT Gold on its Golden Crest Project
Mar 3, 2022Join President and CEO, Christopher Herald for a Corporate Update, Focusing on the Golden Crest Project, Thursday March 3rd at 1:00 pm EST
Mar 1, 2022Cuts 24.0 Meter Channel Sample Grading 9.69 GPT Gold and Reports Additional High Grade Grab Samples*1 Up to 126 GPT Gold on its Golden Crest Project
Feb 15, 2022Join President and CEO, Christopher Herald at the Tumazos Very Independent Research Conference, February 16th at 4:00pm EST
Feb 14, 2022Discovers 50.2, 47.7 and 12.2 GPT Gold at Surface on its Golden Crest Project; Expands Land Position
Dec 6, 2021Closes $1,550,000 Non Brokered Private Placement
Nov 8, 2021Discovers New Gold Bearing Areas on its Golden Crest Project; Reports Highest Gold Grade to Date; Expands Land Position
Oct 20, 2021Discovers Multiple Areas with Significant Gold Mineralization on Its Golden Crest Project; Expands Land Position
Sep 13, 2021Presents at the H.C. Wainwright & Co. Virtual Annual Global Investment Conference
Aug 3, 2021Establishes Major New Land Positions in Highly Prospective Gold Terrain in the United States
Jul 8, 2021That Exploration Work Has Commenced on the Lik Zinc Project, Alaska
Jun 10, 2021Voting Results of Solitario Annual Meeting Held June 10, 2021
May 28, 2021Amends Technical Report and Clarifies Technical Disclosure for Its Florida Canyon Zinc Project
Apr 14, 2021Participation at the H.C. Wainwright Spring Mining Conference April 19 20, 2021 (Virtual Conference)
Apr 7, 2021Files New NI 43 101 Technical Report for Its Florida Canyon Zinc Project Detailing a Significant Increase in Mineral Resources
Feb 23, 2021Solitario Reports Significant Increase in Inferred Sulfide Resources For Its Florida Canyon Zinc Project
Feb 2, 2021Expands Its Exploration Activities to Include Precious Metals; Acquires Gold Coin Property in Arizona; and, Establishes ATM Equity Program
Feb 2, 2021Participates in the GCFF Base and Energy Metals Day, February 3rd, 2021
Dec 15, 2020Hosts Corporate Update Town Hall Webinar
Jun 18, 2020Voting Results of Solitario Annual Meeting Held June 17, 2020
Apr 3, 2020Corporate Update and Details of Its Strong Financial Position
Jan 27, 2020Year End Letter to Shareholders
Dec 16, 2019Final Results of the Florida Canyon 2019 Drill Program, Intersects Significant Zinc Grades and Thicknesses
Oct 28, 2019Solitario Intersects 9.3 Meters Grading 26.5% Zinc Equivalent at Florida Canyon, Peru
Sep 16, 2019Intersects 12.4 Meters Grading 15.1% Zinc Equivalent at Florida Canyon, Peru
Aug 1, 2019Solitario Intersects 48.9 Meters Grading 6.19% Zinc Equivalent at Florida Canyon, Peru
Jun 19, 2019Voting Results Annual Meeting held June 17 2019
May 15, 2019Major Drilling Program has Begun on Florida Canyon Zinc Project, Peru
Jan 22, 2019Receives Cdn $600,000 for its Royalties and Provides Update on Florida Canyon Activities
Oct 30, 2018Drilling Will Begin on Its Florida Canyon Zinc Project
Jul 23, 20182018 Field Program Begins on the Lik Zinc Project, Alaska
May 23, 2018Major Drilling Program on Its Florida Canyon Zinc Project, Peru
Apr 27, 2018Receives $500,000 for its Non producing Yanacocha Royalty
Apr 3, 2018First Jointly Funded Work Program On Lik Zinc Project, Alaska
Feb 13, 20182018 Work Program, New Property Acquistions and Exploration Opportunities on its Florida Canyon Zinc Project, Peru
Aug 31, 2017Initiates Metallurgical Testing to Increase Silver Recovery At its Lik Zinc Project, Alaska
Aug 2, 2017Economics From its Preliminary Economic Assessment For the Florida Canyon Zinc Project, Peru
Jul 13, 2017Solitario Completes Acquisition of Zazu Metals and its Interest in the Lik Zinc Project
Jun 29, 2017Solitario And Zazu Arrangement Agreement Receives Overwhelming Shareholder Approval
Jun 20, 2017Encourages Shareholders to Vote at June 29, 2017 Annual Meeting
Apr 27, 2017Solitario Exploration & Royalty to Acquire Zazu Metals in Friendly Transaction
Apr 19, 2017Milpo to Participate in the Preparation and Funding of the Bongara Preliminary Economic Assessment
Feb 13, 2017Significantly Expands its Bongara Chambera Land Position
Jan 9, 2017Engages SRK Consulting (US) to Complete a Preliminary Economic Assessment on its Bongara Zinc Project. Peru
Dec 21, 2016Changes to Board of Directors and the Extension of Stock Repurchase Program to December 31, 2017
Nov 30, 2016To Initiate Preliminary Economic Study on Bongara Zinc Project
Nov 11, 2016Director Resignation
Jul 26, 2016Results of Annual General Meeting
Jun 6, 2016Purchases NSR Royalty on Prospective Properties in Montana
May 5, 2016Private Placement Non Brokered
May 5, 2016Solitario: Strategic 9.97% Equity Investment in Vendetta Mining
Oct 28, 2015Stock Repurchase Program and Provides 2015 Review and Outlook for 2016
Aug 27, 2015Ely Gold Announces Closing of Agreement with Solitario
Aug 25, 2015Solitario and Ely Gold Close Transaction to Sell Their Interests In the Mt. Hamilton Gold Project to Waterton for Total Consideration of US$30 Million
Aug 17, 2015Results of Annual Meeting of Shareholders
Aug 6, 2015Extends US$5.0 Million Credit Facility Agreement with RMB Australia Holdings
Jun 11, 2015Solitario and Ely Gold Enter into Agreement to Sell their Interests in the Mt. Hamilton Gold Project for Total Consideration of US$30 Million
May 12, 2015Mt. Hamilton Air Quality Permits Approved
Apr 2, 2015Milpo / Votorantim Have Earned a 61% Interest in Its Bongara Zinc Project, Peru
Feb 3, 2015Options its Norcan Copper Project in Mexico
Jan 14, 2015Solitario Announces Mt. Hamilton Reclamation Permits Approved
Nov 19, 2014Milpo to Manage Its Bongar Zinc Operations, Peru
Oct 20, 2014Updated Mt. Hamilton Feasibility Study
Sep 2, 2014Solitario Completes Environmental Assessment Process on Its Mt. Hamilton Gold Project, Nevada
Jun 23, 2014Initial Resource Estimate for Its Bongara Zinc Project, Peru
May 29, 2014Updates Activities on its Pedra Branca and Pachuca Norte Projects
Apr 23, 2014Engages SRK Consulting to Complete an Initial NI 43 101 Technical Report on Resources for Its Bongara Zinc Project, Peru
Apr 17, 2014Clarifies Technical Disclosures
Feb 28, 2014Closing of the Previously Announced $1,680,000 Private Placement
Feb 21, 2014Commitments For $1,680,000 Private Placement
Dec 3, 2013Recent Transactions Bolster Solitario's Future Financial Position
Nov 25, 2013Ely Gold Announces Private Placement To Fund Final Payment For Mt. Hamilton Acquisition
Nov 25, 2013Solitario Announces Sale Of Shares Of Ely Gold
Nov 21, 2013Arrangements for Final Payment on Mt. Hamilton Acquisition
Oct 1, 2013Solitario Announces Resource Sensitivities to Gold Price for Its Mt. Hamilton Gold Project, Nevada
Sep 19, 2013Resource and Metallurgy Update For Its Mt. Hamilton Gold Project, Nevada


 

You can return to the Top of this page


Copyright © 2024 Kaiser Research Online, All Rights Reserved