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| |    Recent Press Releases:
The Pilunani project was Solex's flagship property when the company first listed on the TSX Venture Exchange in 2005. The property has a long history of exploration and exhibits indications of hosting near-surface "manto-type" zinc-lead mineralization. Size/Location: The Pilunani property consists of 14 mining concessions totaling 11,400 hectares in size and lies in the district of Putina, Province of Azangaro, Department of Puno, southeastern Peru. The property is accessible via paved road from the city of Juliaca (1 ½ hour flight from Lima), located approximately 110 km south (3.5 hours drive) to the town of Azangaro, then along gravel roads. Access to supplies, accommodations and transportation are available from local communities near the property. History: The Pilunani property was explored by the Banco Minero del Peru and other government agencies from 1972 to 1996. South American Goldfields owned the property up to the year 2000 and its Peruvian subsidiary, Minera Penshaw S.A., carried out an extensive surface exploration program on the property. This exploration program work involved five 100-meter trenches spaced 25 meters apart and a 1-square-kilometer soil grid sampled at 25-meter stations. This soil survey outlined an extensive zinc and lead anomaly. Solex staked the property in 2004. Geology/Mineralization: The geology of the Pilunani project is a complex of folded and faulted marine sediments including fossiliferous limestone and lesser sandstone and siltstone of the Pennsylvanian Tarma Formation. Mineralization fits a stratabound manto-style zinc-lead-silver model that is epigenetic in nature. The mineralization is hosted in strongly folded, faulted, and fractured fossiliferous limestones, and within the overlying fluvial limestone breccias. Exploration: A NI 43-101 technical report was completed on the Pilunani property in October 2008, and highlights the significant potential of the property by confirming the high grade zinc-lead mineralization surrounding the old mine. The Report concludes that the Pilunani property shows good potential to host a viable mining operation, in particular when taking into account the high grade zinc-lead values characterizing the mineralization near the old mine and when compared to current and past producing mines in Peru. The Report recommends completing an Induced Polarization survey over the old mine area and in the region of drill hole PIL-07-18, followed by a 1,500 metre drilling program to adequately test the mineralized horizon of the old mine at a minimum depth of 100 metres. Previous exploration work has barely scratched the surface of this high grade mineralized zone and could potentially add to the size of the anomaly. Since acquiring the property, Solex has completed geophysical surveys, mapping and geochemical sampling that led to the identification of four distinct anomalous zones with lead and zinc values greater than 1% within a 1 km2 area surrounding the old mine. This led to two drilling programs. In April 2006, Solex completed an initial nine-hole diamond drill program to vertical depths of up to 44.6 metres to establish the depth and lateral extent of mineralization. These confirmed the presence of an on-surface, laterally extensive horizon of high-grade, "manto-type" zinc-lead mineralization, previously identified on the surface by trenching. As evidenced by mapping and geochemical sampling, the mineralized horizon seems to extend towards the west, northwest, north and northeast. Additional drilling, consisting of eight holes, was conducted in 2007 toward the north and northwest to test the true length, width and depth of the anomaly. Results from the program extended the strike length of the anomaly to over 900 metres with the mineralized horizon identified over a thickness of 50 metres and up to 50 metres down dip. Mineralization also remained open to the northwest and to depth. Technical Reports: Click here to view Report (PDF 14.12MB)
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