Proactive investors

Solomon Islands Projects

Fauro (Solomon Islands) 100% owned: An exploration licence covering over 70km2 of Fauro Island was granted to Solomon Gold on 30 November 2009 for a period of three years and is owned 100% by Solomon Gold. The licence may be renewed for 4 years after this initial term and a mining lease may be applied for by the Company. Fauro lies 82km southeast of the giant copper gold mine on Bougainville, in neighbouring PNG, and Solomon Gold geologists believe Fauro to represent a gold rich high level variant sitting above a porphyry system similar to Bougainville. Fauro’s geological setting is similar to the giant 40m oz Lihir deposit, 560km to the northwest. Lihir and Fauro show similar mineralogy and geological setting, and Solomon Gold believes Fauro to have potential to host a world class gold deposit with geological similarities to Lihir.

Guadalcanal (Solomon Islands) Newmont farm-in: The Company currently holds tenement interests over 612km2 land covering highly prospective terrain on the southwest Pacific Rim of Fire, a region known for very large copper gold porphyry and epithermal gold deposits, such as Lihir, Bougainville and Ok Tedi in Papua New Guinea and Batu Hijau and Grasberg in Indonesia. In 2001, the South Pacific Applied Geoscience Commission concluded (that) “Solomon Islands is perhaps the most prospective Pacific island country for minerals after Papua New Guinea.” The country has a Westminster system of Government with modern mining laws. An assistance mission, RAMSI, staffed by other South Pacific nations has helped restore internal stability after a period of ethnic tensions.

Solomons Gold’s main project interests are over the Koloula, Kuma and Sutakiki Valleys an approximate 20 to 30 minute helicopter flight from the nation’s capital, Honiara; and the Mbetilonga Caldera, approximately 15km south of Honiara. A number of impressive prospects have been outlined, which are the subject of ongoing field programs.


Australian Projects

In late 2009 and early 2010, Solomon Gold acquired two companies holding promising exploration projects in Queensland, Australia. The acquisitions reflect a strategy to become an integrated gold explorer, developer and miner in environments ranging from high risk reward situations in Solomon Islands to lower risk, more advanced projects proceeding to resource definition in Queensland. The projects at Mt Perry, Normanby, Rannes and Clermont are 100% owned and operated by Solomon Gold.

Mt Perry (Queensland) 100% owned: The Mt Perry project covers 1,344km2 located four hours drive northwest of Brisbane and lies approximately 15km northwest of Lihir Gold’s Mt Rawdon mine which has a 1 million oz resource producing 100k oz pa gold. The tenements are held in Solomon Gold’s 100% owned subsidiary Acapulco Mining Pty Ltd.

Rannes (Queensland) 100% owned: Solomon Gold’s 100% owned subsidiary Central Minerals holds exploration licences covering 3,670km2 over a strike length of 200km on the eastern margin of the Permian Triassic Bowen Basin in Central Queensland, approximately 200km north west of the Mt Perry project area and160km west of the port of Gladstone. The project is based on the recognition by Solomon Gold geologists of long and broad zones of low temperature gold bearing fragmented and silicified rocks at the sheared base of the Bowen Basin limestone and volcanic rich sediments on its eastern margin.

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