- Solitario Resources Corp. (XPL, Financial) begins a major drilling campaign at its Golden Crest Project in South Dakota, planning up to 8,000 meters of drilling for 2025.
- Key agendas, including an increase in authorized shares and executive compensation, were approved at the Annual General Meeting.
- Solitario maintains significant interests in zinc projects in Alaska and Peru, alongside its current exploration activities.
Solitario Resources Corp. (XPL) has commenced a significant drilling program at its Golden Crest Project in South Dakota, with plans to drill up to 8,000 meters across the Golden Crest and Ponderosa areas in 2025. The initiative aims to explore new surface gold anomalies and reassess previously identified mineralized zones.
During the company's Annual General Meeting, shareholders holding 46,809,118 shares approved several critical measures. This includes the election of six directors, endorsement of executive compensation, and an increase in the authorized shares to 200 million. Additionally, Assure CPA, LLC was appointed as the auditors for the fiscal year 2025.
Solitario Resources, known for its diversified project portfolio, has notable joint ventures in the Lik zinc deposit in Alaska, holding a 50% interest, and the Florida Canyon zinc project in Peru, with a 39% stake alongside Nexa Resources. These ventures represent significant potential value drivers beyond the current drilling activities at Golden Crest.
