Solitario reports assay results from Spur Gold Zone, Zig Zag

Solitario Zinc received additional assay results from trenching and surface rock sampling at the Spur Gold Zone and from a recently discovered gold-rich area to the east called Zig Zag. The Geyser, Spur and Zig Zag zones are new surface gold discoveries made during the 2022 field season on Solitario’s Golden Crest project in South Dakota. Highlights of newly released assays include: Spur Trench 1: 234 meters grading 0.82 grams per tonne gold consisting of a continuous channel of 78-three-meter samples predominantly from bedrock and open at both ends of the trench. Zig Zag Trench 1: 27 meters grading 3.22 gpt gold consisting of a continuous channel of 9-three-meter samples predominantly from bedrock and open at both ends of the trench. Seventeen new widely-spaced select high-grade grab samples with assays above 5.0 gpt gold, including two from the new Zig Zag Gold Zone, are reported in this release and significantly expand the currently delineated higher-grade area. These surface sample assays include: 5.6, 5.9, 7.5, 8.1, 9.5, 11.3, 13.4, 14.3, 14.5, 15.7, 16.8, 16.9 17.0 20.6, 24.0, 29.0, and 36.4 gpt gold. The combined Geyser-Spur-Zig Zag Gold Zone now encompasses an area approximately 800 x 700 meters with a significant population of multi-gram gold values in trench and surface rock grab samples. This large area of moderate-to-high-grade gold values remains open to expansion in all directions. Chris Herald, President and CEO of Solitario, stated: "We continue to discover and enlarge new areas displaying strong gold values at surface and anticipate this trend will continue. Spur Trench 1 assay results are exceptional, especially the consistency of mineralization over a length of 234 meters. The average grade of the 78 three-meter sample intervals is not carried by a couple of high-grade gold values, but rather nearly half of the intervals are greater than 0.50 gpt gold with the three highest 3-meter intervals grading 7.05, 3.25 and 3.07 gpt gold. It’s the same story at Zig Zag where seven out of the nine three-meter samples are greater than 2.6 gpt gold."