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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000917225-05-000009.txt : 20050920
<SEC-HEADER>0000917225-05-000009.hdr.sgml : 20050920
<ACCEPTANCE-DATETIME>20050920164442
ACCESSION NUMBER:		0000917225-05-000009
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050920
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050920
DATE AS OF CHANGE:		20050920

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOLITARIO RESOURCES CORP
		CENTRAL INDEX KEY:			0000917225
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				841285791
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50602
		FILM NUMBER:		051093952

	BUSINESS ADDRESS:	
		STREET 1:		4251 KIPLING STREET
		STREET 2:		SUITE 390
		CITY:			WHEAT RIDGE
		STATE:			CO
		ZIP:			80033
		BUSINESS PHONE:		3035341030

	MAIL ADDRESS:	
		STREET 1:		4251 KIPLING STREET
		STREET 2:		SUITE 390
		CITY:			WHEAT RIDGE
		STATE:			CO
		ZIP:			80033
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>propup8k.htm
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<B><P ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B> <BR>
Washington, D.C. 20549 <B><BR>
Form&nbsp;8-K</B><FONT SIZE=2><BR>
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)<BR>
OF THE SECURITIES EXCHANGE ACT OF 1934 </P>
<P ALIGN="CENTER">Date of Report (Date of earliest event reported): September 20, 2005 </FONT><BR>
<B>SOLITARIO RESOURCES CORPORATION</B><BR>
(Exact name of registrant as specified in its charter) <BR>
</P>
<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 WIDTH=503>
<TR><TD WIDTH="38%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">Colorado<BR>
(State or other jurisdiction of<BR>
incorporation or organization) </FONT></TD>
<TD WIDTH="26%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">0-05602<BR>
(Commission<BR>
File Number) </FONT></TD>
<TD WIDTH="36%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">84-1285791<BR>
(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT SIZE=2><P ALIGN="CENTER">4251 Kipling Street, Suite 390<BR>
Wheat Ridge, CO 80033<BR>
(Address of principal executive offices) </P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 WIDTH=484>
<TR><TD WIDTH="66%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">Registrant's telephone number, including area code:<BR>
Registrant's facsimile number, including area code: </FONT></TD>
<TD WIDTH="34%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">(303) 534-1030<BR>
(303)&nbsp;534-1809</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT SIZE=2><P ALIGN="CENTER">None<BR>
(Former name or former address, if changed since last report) <BR>
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 WIDTH=572>
<TR><TD WIDTH="2%" VALIGN="TOP">
<FONT FACE="Wingdings" SIZE=2><P ALIGN="LEFT">o</FONT></TD>
<TD WIDTH="98%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17&nbsp;CFR 230.425)</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="CENTER"></P>
<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 WIDTH=572>
<TR><TD WIDTH="2%" VALIGN="TOP">
<FONT FACE="Wingdings" SIZE=2><P ALIGN="LEFT">o</FONT></TD>
<TD WIDTH="98%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17&nbsp;CFR 240.14a-12)</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="CENTER"></P>
<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 WIDTH=572>
<TR><TD WIDTH="2%" VALIGN="TOP">
<FONT FACE="Wingdings" SIZE=2><P ALIGN="LEFT">o</FONT></TD>
<TD WIDTH="98%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17&nbsp;CFR&nbsp;240.14d-2(b))</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="CENTER"></P>
<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 WIDTH=572>
<TR><TD WIDTH="2%" VALIGN="TOP">
<FONT FACE="Wingdings" SIZE=2><P ALIGN="LEFT">o</FONT></TD>
<TD WIDTH="98%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17&nbsp;CFR&nbsp;240.13e-4(c))</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="LEFT"></P>
<TABLE BORDER=0 CELLSPACING=0 WIDTH=560>
<TR><TD WIDTH="13%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="LEFT">ITEM 8.01</B></FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="LEFT">OTHER EVENTS </B></FONT></TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="87%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">On September 20, 2005 Solitario Resources Corporation provided the following updated information on exploration activities in Brazil, Peru and Mexico:</P>
<P ALIGN="JUSTIFY">Drilling has been initiated at its recently acquired  Mercurio project in Brazil.</P>
<P ALIGN="JUSTIFY">The size of the search area in the Strategic Alliance with Newmont Mining in southern Peru has recently been expanded to approximately 8,500 square kilometers.  </P>
<P ALIGN="JUSTIFY">Solitario recently signed option and acquisition agreements to explore and acquire a 100% interest in six early-stage gold exploration properties in Mexico totaling approximately 14,000 hectares in aggregate size.</P>
<P ALIGN="JUSTIFY">In late July 2005, Solitario and Anglo Platinum signed a Second Amendment to the Pedra Branca Letter Agreement providing Anglo Platinum with a technical review period until October 15, 2005.</P>
</FONT><P ALIGN="LEFT"></TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="LEFT">ITEM</P>
<P ALIGN="LEFT">9.01 (d)</B></FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="LEFT">FINANCIAL STATEMENTS AND EXHIBITS</B></FONT></TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">
<U><FONT SIZE=2><P ALIGN="LEFT">Exhibit No.</U></FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<U><FONT SIZE=2><P ALIGN="LEFT">Exhibit Description</U> </FONT></TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">&nbsp;</FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">99.1</FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">Solitario Resources Corporation's press release dated September 20, 2005</FONT></TD>
</TR>
</TABLE>

<B><P ALIGN="CENTER">SIGNATURES</B> </P>
<FONT SIZE=2><P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized. </P>
<P ALIGN="LEFT"></P>
<P ALIGN="LEFT">September 20, 2005 </P></FONT>
<P ALIGN="RIGHT"><TABLE BORDER=0 CELLSPACING=0 WIDTH=284>
<TR><TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">By: </FONT></TD>
<TD WIDTH="93%" VALIGN="TOP">
<U><FONT SIZE=2><P ALIGN="LEFT">/s/&nbsp;Christopher E. Herald</U></FONT></TD>
</TR>
<TR><TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="93%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="LEFT">Christopher E. Herald<BR>
 President and CEO</FONT></TD>
</TR>
</TABLE>
</P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh991.htm
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<P ALIGN="RIGHT">Exhibit 99.1</P>
<P ALIGN="RIGHT">September 20, 2005</P>
<B><P ALIGN="CENTER">SOLITARIO INITIATES DRILLING ON TWO PROJECTS IN BRAZIL AND ACQUIRES PROPERTIES IN PERU AND MEXICO</P>
<P ALIGN="CENTER">ANGLO PLATINUM CONTINUES PEDRA BRANCA PGM PROJECT EVALUATION IN BRAZIL</P>
</B><FONT SIZE=3><P ALIGN="JUSTIFY">Denver, Colorado:  Solitario Resources Corporation today provides an update on its extensive exploration activities in South America and Mexico.   Solitario recently initiated drilling on two gold projects in the Tapajos region of north-central Brazil.  The planned 2,000 meter core-drilling program began on the nearly 10,000-hectare Mercurio project and will then move to the 1000-hectare Odin project.  Solitario's Strategic Alliance with Newmont Mining Corporation ("Newmont") in southern Peru has expanded to an 8,500 square kilometer search area with two project areas having been acquired and under more detailed evaluation.  In Mexico, Solitario has signed an option to explore and acquire five early-stage gold and gold-silver projects and has acquired a 100% interest in a sixth project.  Anglo Platinum Ltd. ("Anglo Platinum"), Solitario's joint venture partner, has initiated metallurgical testing of mineralized drill core from the advanced exploration-stage Pedra Branca pl
atinum group metals ("PGM") project in northeastern Brazil.  Additionally, Anglo Platinum is conducting preliminary scoping studies and resource modeling of several of the defined PGM deposits.</P>
<B><U><P ALIGN="JUSTIFY">Brazil Drilling Initiated</P>
</B></U></FONT><P ALIGN="JUSTIFY">On the Mercurio project, informal gold production from alluvial deposits and saprolite soils by local miners has occurred locally over an area of eight by four kilometers.  Surface exploration work conducted by Solitario has defined three areas of significant gold mineralization with coincident geophysical anomalies.  At least two of the prospects are planned for drilling during the initial program.  At the Odin project, located 75 kilometers southwest of Mercurio, local miners have excavated a large area that is three km long by 500 meters wide.  A geophysical target coincident with the heart of this trend is in excess of 700 meters in length.</P>
<B><U><P ALIGN="JUSTIFY">Newmont Strategic Alliance, Peru</P>
</B></U><P ALIGN="JUSTIFY">For the past eight months Solitario has been conducting gold exploration within a Strategic Alliance area (the "Alliance") signed with a subsidiary of Newmont Mining in February 2005.  The size of the Alliance search area has recently been expanded to approximately 8,500 square kilometers in southern Peru.  Two properties have been acquired and more than a dozen prospective areas are under more detailed evaluation.  Solitario is working towards bringing one or more of the Alliance properties ("Alliance Property") to a drilling stage by the end of the first quarter of 2006.</P>
<P ALIGN="JUSTIFY">Under the terms of the Alliance, <FONT FACE="Times">Solitario will own 100% of any Alliance Property, subject to a sliding scale royalty to a maximum 2% net smelter return royalty for gold in favor of Newmont.  Newmont has the right to joint venture with Solitario any acquired Alliance Property, subject to other conditions.  Newmont can elect to earn a 51% interest in an Alliance Property by spending 200% of Solitario</FONT><FONT FACE="Times">s investment and can further increase its participating interest to 75% by completing a feasibility study and providing financing for Solitario</FONT><FONT FACE="Times">s portion of development capital.  Solitario will spend approximately US$3.8 million on exploration over a four-year period on the Alliance.</P>
</FONT><B><U><FONT SIZE=3><P ALIGN="JUSTIFY">Mexico Acquisitions</P>
</B></U></FONT><P ALIGN="JUSTIFY">An option to explore and acquire a 100% interest in five properties has recently been signed with a private Mexican party.  Solitario has acquired a 100% interest in a sixth property also located in Mexico.  All six properties, totaling 14,000 hectares in aggregate size, are early-staged gold exploration projects that have favorable geologic environments with significant gold and silver anomalies at surface.  Solitario will spend the next six months conducting surface exploration to determine which properties will advance to the drilling stage. </P>
<B><U><FONT SIZE=3><P ALIGN="JUSTIFY">Pedra Branca PGM Project, Brazil</P>
</B></U></FONT><P ALIGN="JUSTIFY">In late July 2005, Solitario and Anglo Platinum signed a Second Amendment to the Pedra Branca Letter Agreement providing Anglo Platinum with a technical review period until October 15, 2005, to assist in a funding decision for the second year US$1.25 million exploration and development work commitment and signing of a definitive Operating Agreement.  During this period Anglo Platinum has been conducting independent metallurgical testing of Pedra Branca mineralized drill core, resource modeling of defined PGM deposits and preliminary scoping studies.</P>
<P ALIGN="JUSTIFY">The Pedra Branca project is an advanced platinum-palladium exploration project totaling 61,000 hectares in northeastern Brazil.  To date 208 drill holes have been completed on the project.  Anglo Platinum can earn a 51% interest in Pedra Branca by spending a total of US$7.0 million on exploration and development over a four-year period.  A further 14% interest (to a total 65% interest) can be earned by completing a bankable feasibility study and arranging 100% project financing.  Having now received all the Phase II drilling results, Anglo Platinum and Solitario are reviewing the data to determine future exploration activities at Pedra Branca.</P>
<P ALIGN="JUSTIFY">Solitario is a gold, platinum-palladium, and base metal exploration company actively exploring in Peru, Brazil, Mexico and Bolivia.  Solitario is traded on the Toronto Stock Exchange (TSX: SLR).</P>
<FONT SIZE=3><P ALIGN="LEFT">FOR MORE INFORMATION, CONTACT:</P>
<P ALIGN="LEFT">Debbie W. Mino&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(800) 229-6827</P>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director-Investor Relations&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</A></P>
<FONT SIZE=3><P ALIGN="LEFT">Christopher E. Herald&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(303) 534-1030</P>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President &amp; CEO</P>
</FONT><I><FONT FACE="Arial" SIZE=2><P ALIGN="LEFT">This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Solitario, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Development of the Solitario's Royalty Property is subject to the success of exploration, completion and implementation of an economically viable mining plan, obtaining the necessary permits and approvals from various regulatory authorities, and compliance with operating parameters established by such authorities. Impor
tant factors that could cause actual results to differ materially from Solitario's expectations are disclosed under the heading "Risk Factors" and elsewhere in Solitario's documents filed from time to time with Canadian Securities Commissions, the United States Securities and Exchange Commission and other regulatory authorities.</P></I></FONT></BODY>
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