Executive Summary

Solomon Gold plc's projects are located on the island of Guadalcanal in Solomon Islands, in the south-west Pacific to the east of Papua New Guinea. The island of Guadalcanal is located on the Pacific Rim of Fire, known for its large porphyry copper-gold ore bodies. The Rim of Fire includes the Andean belt in Chile, the south-western USA cordillera, western Canada, Japan, the Philippines, Indonesia and Papua New Guinea. In the south-west Pacific, the Rim of Fire hosts numerous ore bodies each of which have in excess of 40m ounces of Gold Equivalent Value. These ore bodies include several in Papua New Guinea which are considered by the Directors to occur in a geological environment similar to that seen on Guadalcanal. ARM, a 100% subsidiary of Solomon Gold, has held prospecting licenses over these areas since 1995 and between 1996 and 1998 conducted detailed reconnaissance mapping and sampling exploration programme in the area. The tenements are valid until 10 November 2008, with extensions of up to a further four years available at the option of the Company.

 

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