Sola Resource Corp SL SL.v (fka SOLAF)

[sortagreen]

News and update.

Still a good time to get on this... Very solid. Well financed and advanced project. This is a double or more from here this year.


SOLA RESOURCE CORP.
(the “Company”)
May 23, 2007
Trading Symbol: SL (TSX-V)
PRESS RELEASE
Exploration progress and Development Report
• Ground-based Geophysical Surveys recording continuing success
• KIM surveys generating target areas
• Surficial stripping of Carolina Kimberlite complete
• 1.5 hectares of kimberlite already exposed
• Drilling of Carolina kimberlite imminent
• Bulk-sampling of the Carolina kimberlite to start shortly
CALGARY, ALBERTA — During the month of May, Sola Resource Corp. (the
“Company”) (SL:TSX) has been making considerable progress in its exploration
and development activities in the vicinity of the diamond-bearing Carolina
Kimberlite pipe and on the Company’s mineral claims in the Pimenta Bueno
region in the State of Rondônia in NW Brazil.
Ground-based geophysical surveys to date have generated numerous anomalies
within the area surrounding the Carolina diamond pipe. Targets are continually
being ground-truthed and auger testing of some anomalies has been ongoing.
Since the inception of the ground-based geophysics programs a total of 169.6
line kilometers of magnetic (Mag) surveys have been completed and 20.3 line
kilometers of electromagnetic (EM) surveys have been performed.
The kimberlite indicator mineral (KIM) surveys continue over Sola’s claims. To
date 1506 samples have been collected. Of these samples, 1033 have been
processed to concentrate heavy-minerals and magnetic-mineral fractions. Of
these processed samples, 597 have already been sorted and searched for
indicator minerals. A total of 264 samples have been found to be “anomalous” i.e.
to contain minerals in the normal KIM class.
Stripping of overburden from the mid-sector of the kimberlite pipe has exposed
weathered and undisturbed kimberlite over an area of 1.5 hectares (3.7 acres).
Examination of the exposed, weathered kimberlite reveals distinct palimpsest
textures of diatremic nature and the presence of abundant large megacrysts of
indicator minerals such as pyrope garnets and ilmenites.
The company has commenced its pre-feasibility study of the Carolina Kimberlite
diamond deposit. This process was initiated with the stripping of overburden and
mapping the exposed kimberlite. The study will progress with 2000 meters of
diamond-drilling and the bulk sample collection of a minimum of 5000 tonnes of
kimberlite. The collection and processing of a bulk sample from the Carolina
Diamond pipe and testing will commence under the direction of Canamera
Geoscience Corp. and will begin concurrent with the drill program. The bulk
sample will be collected from areas that have been drill tested once the drill rig
and pads have been removed.
The diamond-drilling rig is now at the Carolina Kimberlite and drilling of the first
vertical hole into the kimberlite is expected to commence very shortly. In
preparation for the drilling campaign construction of concrete drill pads is now
underway.
The drill core and bulk sample material will then be shipped off site for
processing under mineralogical laboratory conditions.
The forthcoming data from the bulk sample program and diamond drilling on the
Carolina kimberlite will serve as part of the requirement for a pre-feasibility study.
The data generated from this program will contribute to the development of a
feasibility study regarding the economic viability of the Carolina kimberlite.
Other requirements of this process that include the environmental baseline study
and negotiations with the current landholder have already been completed.
While moving the Carolina deposit through pre-feasibility to feasibility, the
Company is actively exploring the environs of the Carolina kimberlite in an effort
to enhance and augment the current potential mining plan.
______________________________________________________________________
Prof. Roger D. Morton B.Sc., Ph.D., P.Geol. (Alta), a qualified person for the purpose of
National Instrument 43-101, has reviewed and verified the contents of this news release.
We seek safe harbor.
ON BEHALF OF THE BOARD OF DIRECTORS OF SOLA RESOURCE CORP.
“Thomas Kovacs”
Thomas Kovacs, President
For further information contact:
Thomas Kovacs,
President and CEO,
Sola Resource Corp.,
Telephone [phone], Fax [phone],
Email: [e-mail]
www.solaresourcecorp.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.