Solitaire’s Partner Terra Ventures Inc. commences drilling on uranium properties adjoining Denison’s Phoenix high-grade uranium discovery, Athabasca Basin

Solitaire Minerals Corp. (TSX VENTURE:SLT) reports that Terra Ventures Inc. (TSX VENTURE:TAS) has commenced a diamond drilling programs on the Wheeler River uranium properties, adjoining the Denison Mines property and the Phoenix Zone, in the Athabasca Basin of Saskatchewan.

Terra has the option to earn up to a 95% interest in three dispositions, from Solitaire, known as C-4, C-5 and C-6, with an aggregate area of 4,011 acres (1,624 hectares) adjoining the northwest side of the Wheeler River property of Denison Mines Corp. (TSX:DML) (60 percent), Cameco Corp. (TSX:CCO) (30 percent) and JCU (Canada) Exploration Co. (10 percent). Denison has announced an indicated mineral resource for its Phoenix Zone of 35.6 million pounds of U₃O₈, with a grade of 18.0% U₃O₈. The Phoenix B Zone has an additional inferred resource of 3.8 million pounds grading 7.3% U₃O₈. Denisons’ summer drill program begins in early June and will involve the drilling of approximately 55 holes for 24,000 metres.

The highlights of the properties are:

• Property lies midway between the McArthur River mine and the former producing Key Lake mine;
• Several conductors defined by previous airborne EM surveys;
• Extensive clay alteration found in boulder sampling;
• Uranium and pathfinder element geochemical anomalies in boulder sampling;
• Quartzite ridge in basement rocks was defined by previous diamond drilling on the C-5 property; similar quartzite ridges at the Phoenix Zone and the McArthur River mine are believed to localize uranium deposition;

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