Solitario Exploration & Royalty has announced high-grade drill results from its Bongará joint venture project with Votorantim in Peru. Included are intersections of 26.85 m grading 13.45% combined lead and zinc and 32.1 m grading 11.4% combined lead and zinc. Votorantim funded and managed the 2011 Bongará drilling program.

The Bongará project hosts the high-grade Florida Canyon zinc deposit, where zinc mineralization has been intersected over a 4-km2 area. The deposit is open in all directions. Solitario has received assay results from 18 surface drill holes and 5 underground drill holes, with assays from many additional holes pending.

During 2011, Votorantim completed 590 m of underground tunneling and developed eight underground drill stations at Bongará. Approximately 14,500 m of drilling are planned from these stations over the next several months. As of early January 2012, about 6,000 m of underground drilling had been completed. (