Solex Resources Corp.: Trenching Returns High Grade Uranium Values Over Significant Widths at Macusani Project (Sayana Target), South-Eastern Peru
06:15 EST Tuesday, January 24, 2006
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 24, 2006) - Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") is pleased to announce that very encouraging high grade uranium values (in excess of 1%U) over significant widths (4 metres) were obtained from channel sampling in three trenches at the Macusani uranium project (Sayana target), South-eastern Peru. A total of 10 trenches, totaling approximately 500 metres, were hand dug over a distance of 150 metres north-south. The trenches did not reach bedrock over the entire length because of the nature of the overburden. Results from the other 7 trenches will be released on receipt.
Frontier Pacific Mining Corporation ("Frontier Pacific") is earning a 50% interest in the 50,000 hectare Macusani project by spending US$4 million over 5 years.
The assays on the Sayana target are as follows:
Sayana:
Trench 1 (west to east)
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Sample Location Width Scinitillometer Uranium
No. metres metres Counts/second ppm (%) Description
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HP-732 0-4 4 2490 230 ppm Channel sample
across fractures
with no visible
uranium minerals
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No sample 4-12 Trench could not
reach bedrock,
mostly soil
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HP-736 12-16 4 450 20 ppm Channel sample
across fractures
with no visible
uranium minerals
----------------------------------------------------------------------
No Sample 16-22 Trench could not
reach bedrock,
mostly soil
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HP-731 22-26 4 greater than 4110 ppm Channel sample
65535 (0.41%) across one
centimeter wide
visible uranium
fracture,
trending 345
degrees
----------------------------------------------------------------------
No sample 26-29 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-735 30-34 4 454 40 ppm Bedrock with no
fractures
----------------------------------------------------------------------
No Sample 34-41 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-730 41-45 4 greater than 4790 ppm Channel sample
65535 (0.48