Soltoro Drills 7.5 Metres of 224 gpt Silver Including 1.5 Metres of 592 gpt Silver Extending La Soledad West Deposit
September 05 2012 - 9:00AM
Marketwired Canada
Soltoro Ltd. (TSX VENTURE:SOL) has encountered additional high-grade silver
mineralization at depth at the La Soledad West deposit on its El Rayo Project in
Jalisco, Mexico. Three of four step-out diamond drill holes have intersected
high-grade silver mineralization with each hole containing intervals of nearly
500 g/t silver. Further drilling at depth and along strike to the east and west
is planned to define the limits of the La Soledad West deposit.
LA SOLEDAD WEST: Four diamond drill holes were completed down-dip from the
previously identified high-grade silver mineralization encountered in holes
Ray11-59, Ray11-87 and Ray12-125. All of these holes are outside of the existing
NI 43-101 compliant La Soledad silver resource. Results are as follows:
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WIDTH(2) Ag (g/t) Pb
TARGET AREA DIAMOND DRILL HOLE FROM TO (m) uncut (%)
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La Soledad West Ray12-142(3) 160.35 169.5 9.15 192 0.82
including 160.35 163.5 3.15 492 1.59
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La Soledad West Ray12-143 145.5 147.0 1.5 49 0.19
235.2 237.8 2.6 20 2.95
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La Soledad West Ray12-148(4) 171.0 183.0 12.0 161 0.18
including 174.0 181.5 7.5 224 0.15
including 178.5 180.0 1.5 592 0.22
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La Soledad West Ray12-149 166.3 184.5 18.2 112 0.30
including 168.0 176.4 8.4 186 0.41
Including 169.5 171.7 2.2 493 0.83
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(1) Ray12-147 contained no significant values.
(2) All widths are reported as drilled width.
(3) Overall recovery for the interval is 88%; recovery for the interval
160.50 m to 162.00 m is 37%.
(4) The interval occurs within a broad zone of Pb & Zn mineralization
averaging 0.2% Pb & 0.5% Zn from 171.0 m to 202.6 m.
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Drilling north of
the La Soledad West deposit has expanded the known high-grade silver resource
area where silver grades and widths are increasing with depth. Three of the four
holes drilled at Soledad West encountered near half kilogram silver values where
mineralization remains open at depth and along strike to the east and west.
Drill testing will continue in this area to expand the existing silver
resources."
Drill hole location maps and sections for the Soledad West and Matachines East
zones may be viewed at: http://www.soltoro.com/projects/pdf/NR135.pdf.
MATACHINES EAST: Four diamond drill holes and six reverse-circulation holes were
completed to expand the newly discovered high-grade silver zone at Matachines
East. RC12-149 intersected a new, previously unknown, high-grade silver
structure. Drilling to date has intersected broad intervals of low-grade silver
mineralization but did not intersect higher grade silver similar to those
encountered in hole RC12-149. Ray12-146 intersected the Las Bolas structure and
was designed to test a silver soil anomaly 200 metres east of the Matachines
mine area. Results are as follows:
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WIDTH(2) Ag (g/t) Pb
TARGET AREA DRILL HOLE(1) FROM TO (m): uncut (%)
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Matachines East Ray12-144(3) 1.2 21.0 19.8 69 0.22
including 2.6 10.5 7.9 137 0.41
including 2.6 6.0 3.4 240 0.70
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Matachines East Ray12-145 66.0 69.0 3.0 52 0
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Matachines East RC12-150(3) 3.0 37.5 34.5 40 0.13
including 10.5 13.5 3.0 104 0.40
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Matachines East RC12-151 22.5 27.0 4.5 23 0
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Matachines East RC12-152(3) 0 3.0 3.0 89 0.76
40.5 76.5 36.0 35 0
including 70.5 76.5 6.0 49 0
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Matachines Ray12-146 171.0 173.45 2.45 88 3.65
including 172.5 173.45 0.95 130 4.00
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(1) RC=Reverse Circulation RAY = Diamond drillRC12-153, RC12-154, RC12-155
and RC12-156 contained no significant values.
(2) All widths are reported as drilled width.
(3) The upper portion of Ray12-144, RC12-150 and RC12-152 intersected
footwall mineralization related to the Las Bolas deposit.
In addition to diamond drilling, soil sampling has been extended to cover areas
of known or projected gold-silver-base metal mineralization. Anomalous areas of
particular interest include the northwest extension of the structure that hosts
the El Rayo gold resource and the Sacramento, El Ocote and Nueva Suerte vein
structures located south of the Las Bolas-La Soledad resource area. Mapping and
sampling are currently underway in these areas with a view to developing drill
targets.
Assaying from this program was completed by ALS Chemex through their office in
Guadalajara, Mexico. Gold was analyzed using a 30g fire assay with AA finish
while the silver is analyzed using a four acid "near total" digestion package.
Mr. Steven T. Priesmeyer, C.P.G., Vice President of Exploration for Soltoro Ltd.
and a qualified person as defined by NI 43-101 has reviewed and approved the
contents of this press release. Field supervision of the El Rayo project is
provided by Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro
Mexico.
About Soltoro:
Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in
Mexico. Soltoro holds in excess of 55,000 hectares of ground in Jalisco State.
Soltoro is focused on expanding silver resources at the El Rayo silver project.
Soltoro holds 14.7% of the common shares of Argentum Silver Corp. and a 3%
N.S.R. payable to Soltoro on the Victoria and Coyote properties. Soltoro has
optioned the La Tortuga project to Gold Reserve Inc. The Company is seeking
partners to advance the balance of its projects. Soltoro has 59,118,037 shares
outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur
d'Alene Mines Corp. holds 4.5 million shares of Soltoro Ltd.
This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially from those
indicated by such statements. All statements, other than statements of
historical fact, included herein, including, without limitations statements
regarding future production, 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.