SORSF Sola Resource Corp featured news, full reports, and detailed charts
Sola Resource Corp (SORSF/SORSF.PK) Wrap Up:
Sola Resource Corp. engages in the acquisition, exploration, and development of diamond properties in Brazil and Canada. The company is based in Calgary, Canada.Sola Resource Corp (SORSF:OTC)
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Market Cap
2.0M
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Total Revenue
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EBITDA
5.9M
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DILUTED EPS TTM
-0.06
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P/E
--
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P/S
--
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Return On Asset
-307.89
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Return On Equity
1,223.97
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| K = Thousands M = Millions B = Billions | ||
SORSF Top Compensated Officers
Executives, Board Directors
Key developments for Sola Resource Corp (SORSF)
Sola Resource Corp. announced exploration-and drill-results from its Dash gold property in B.C. This property is optioned from Fundamental Resource Corporation (FRC) which will retain a 2% NSR and if the option is completed, Sola will have earned a 100% ownership position. The Dash gold prospect is located 105 kilometres northwest of Lillooet, British Columbia at the headwaters of Dash and Relay Creeks. The Property is underlain by Lower Cretaceous Taylor Creek Group pyroclastic rocks. These rocks are intruded by Early-Late Cretaceous and/or younger granodiorite and feldspar porphyry with associated carbonate-sericite-quartz-pyrite alterationZones of intense carbonitization, silicification, brecciation and banded chalcedony with colloform textures occur adjacent to gold-bearing minerals. Mineralization consists mostly of pyrite, with lesser amounts pyrrhotite, chalcopyrite, molybdenite, chalcocite, arsenopyrite, bornite, and stibnite. In 1987-88, Esso Resources Canada conducted a detailed evaluation of the 'A' anomaly (‘A’ grid) which included geological mapping, soil sampling, and IP geophysics. The Spine, Road and 25 m Zones line up along a north-northwest trend, and are located 150-300 metres to the west the 75 m Zone and 65 m Zones. Gold-bearing mineralization occurs in and northwest trending parallel zones.
Sola Resource Corp. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2009. For the period, the company reported net loss and comprehensive loss of CAD 418,035 or CAD 0.003 basic and diluted per share against CAD 390,024 or CAD 0.004 basic and diluted per share a year ago. Cash flows used in operating activities was CAD 725,073 against CAD 1,766,610 a year ago. For the six months, the company reported net loss and comprehensive loss of CAD 993,010 or CAD 0.009 basic and diluted per share against CAD 1,902,166 or CAD 0.021 basic and diluted per share a year ago. Cash flows used in operating activities was CAD 924,400 against CAD 3,122,793 a year ago.
Sola Resource Corp. announced recent exploration-and drill-results from its Dash gold property in B.C. This property is optioned from Fundamental Resource Corporation which will retain a 2% NSR and if the option is completed Sola will have earned a 100% ownership position. Sola would also like to announce that on the basis of the preliminary results of its preliminary 2009 program, it has increased the land position around the original Dash property, in conjunction with FRC, from 3561 hectares to 5809 hectares to cover new prospective targets for further exploration. The Dash gold prospect is located 105 kilometres northwest of Lillooet, British Columbia, at the headwaters of Dash and Relay Creeks. The Property is underlain by Lower Cretaceous Taylor Creek Group pyroclastic lithologies. These rocks are intruded by Early-Late Cretaceous and/or younger granodiorite and feldspar porphyry with associated carbonate-sericite-quartz-pyrite alteration zones. These zones of carbonatization, silicification, brecciation and banded chalcedony with colloform textures occur associated with gold-bearing minerals. Mineralization consists mostly of pyrite, with lesser amounts pyrrhotite, chalcopyrite, molybdenite, chalcocite, arsenopyrite, bornite, and stibnite. In 1987-88, Esso Resources Canada conducted a detailed evaluation of the 'A' anomaly ('A' grid) that included geological mapping, soil sampling, and IP geophysics. Five zones of gold enrichment were identified, namely: 1) the Spine zone, 2) the Road zone, 3) the 25 m zone, 4) the 75 m zone and 5) the 65 m zone. The Spine, Road and 25 m Zones are aligned along a north-northwest trend, and are located 150-300 metres to the west the 75 m Zone and 65 m Zones. Gold-bearing mineralization occurs in north-and northwes-trending parallel zones. The company also announced, with regret, the resignation of Dr. Roger Morton, as President and a director of the Company due to ill health. The position of President will remain vacant until a replacement can be found and appointed by the Board. It is, also with regret, that Mr. Jody Dahrouge has resigned as a director of the company.
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Industry Analysis
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SORSF transactions
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