Soltoro's Channel Sampling Returns 3 Metres of 14.16 GPT Gold and 308 GPT Silver Including 0.7 Metres of 27.7 GPT Gold and 64...
17 Junho 2013 - 10:00AM
Marketwired Canada
Soltoro Ltd. (TSX VENTURE:SOL) has received positive gold and silver assay
results from ongoing mapping and sampling at its 100% owned Tecolote Project in
Jalisco, Mexico. The 3,052 hectare Tecolote Project is located less than 10
kilometres north of Soltoro's El Rayo primary silver project and 10 kilometres
northeast of Grupo Mexico S.A.B. de C.V.'s El Barqueno property currently
optioned to Cayden Resources Inc.
The Carmelita vein system has now been traced for over 100 metres at surface
where recent sampling returned numerous high-grade gold and silver values
including 27.70 g/t gold and 641 g/t silver over 0.7 metres. A recently
completed ground magnetic survey over the Carmelita zone suggests the structure
hosting the vein has a strike length of 550 metres. Further mapping and sampling
are planned at Carmelita to establish the strike extent of the structure.
Selected results from recent sampling are as follows:
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TARGET AREA SAMPLE TYPE1 WIDTH2(m) Au (g/t) Ag (g/t)
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Veta Carmelita Chip-Channel 3.0 14.16 308
Including 0.7 27.70 671
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Veta Carmelita Chip-Channel 0.9 2.62 41
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Veta Carmelita Chip-Channel 0.5 9.50 110
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1 Channel samples are continuous samples cut with a portable rock saw while
Chip-channel samples are continuous samples taken with a rock hammer.
2 Samples are reported as sampled widths.
In the La Fundicion area, mineralization has been traced for an aggregate strike
length of over 1,500 metres in the Asuncion-Venado and Victoria vein systems.
Highlights include 10.25 g/t Au and 28 g/t Ag over 1.00 metre and 2.39 g/t Ag
and 25 g/t Ag over 3.50 metres from the Asuncion-Venado vein system, and 8.08
g/t Au and 20 g/t Ag over 0.80 metres from the Victoria vein system. Selected
results from recent sampling are as follows:
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TARGET AREA SAMPLE TYPE1 WIDTH2(m) Au (g/t) Ag (g/t)
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Asuncion - Venado Chip-Channel 1.0 0.01 96
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Asuncion - Venado Chip-Channel 0.5 1.02 15
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Asuncion - Venado Chip-Channel 0.7 3.14 37
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Asuncion - Venado Channel 3.6 2.39 25
Including 1.4 3.25 5
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Asuncion - Venado Channel 2.65 1.40 11
Including 0.65 4.83 24
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Asuncion - Venado Chip-Channel 7.2 0.65 18
Including 2.2 1.35 41
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Asuncion - Venado Chip-Channel 1.0 6.71 43
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Asuncion - Venado Channel 1.5 4.30 24
Including 1.0 5.02 24
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TARGET AREA SAMPLE TYPE1 WIDTH2(m) Au (g/t) Ag (g/t)
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Asuncion - Venado Channel 1.5 4.30 24
Including 1.0 5.02 24
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Asuncion - Venado Channel 5.5 1.50 36
Including 1.0 5.76 45
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Asuncion - Venado Chip-Channel 4.0 0.83 39
Including 1.0 1.44 62
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Asuncion - Venado Chip-Channel 1.0 1.78 15
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Asuncion - Venado Chip-Channel 1.0 10.25 28
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Asuncion - Venado Chip-Channel 0.9 3.12 50
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Asuncion - Venado Channel 3.0 2.25 25
Including 1.0 3.64 26
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Asuncion - Venado Chip-Channel 1.0 2.16 82
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Asuncion - Venado Channel 3.0 2.46 41
Including 1.0 4.76 59
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Asuncion - Venado Channel 3.0 3.42 40
Including 1.0 6.79 50
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Asuncion - Venado Chip-Channel 1.0 1.23 9
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Asuncion - Venado Chip-Channel 1.0 1.39 26
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Asuncion - Venado Channel 3.0 1.41 52
Including 1.0 2.12 35
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Veta Victoria Channel 0.8 8.08 20
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Veta Victoria Chip-Channel 0.85 1.09 7
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1 Channel samples are continuous samples cut with a portable rock saw while
chip-channel samples are continuous samples taken with a rock hammer.
2 Samples are reported as sampled widths.
In the Tecolote area, the San Eusebio, Veta Grande and Kassandra vein systems
have been traced for an aggregate strike length of over one kilometre.
Highlights include 5.74 g/t Au and 48 g/t Ag over 1.00 metre from the San
Eusebio system and 1.91 g/t Au and 21 g/t Ag over 6.00 metres from the Veta
Grande system. Selected results from recent sampling are as follows:
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TARGET AREA SAMPLE TYPE1 WIDTH2(m) Au (g/t) Ag (g/t)
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Veta La Colorada Chip-Channel 4.0 2.24 65
Including 1.0 5.77 144
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Veta La Colorada Chip-Channel 0.8 1.24 13
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Veta La Colorada Chip-Channel 0.7 1.11 53
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Veta La Colorada Chip-Channel 0.6 1.55 20
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Veta La Colorada Chip-Channel 1.0 10.30 104
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Veta La Colorada Chip-Channel 0.7 6.77 79
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La Colorada Area Chip-Channel 1.2 1.37 16
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La Colorada Area Chip-Channel 1.2 1.10 17
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Veta La Colorada Chip-Channel 0.8 17.00 53
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Veta La Colorada Chip-Channel 1.8 1.30 39
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Veta La Colorada Chip-Channel 1.0 1.90 32
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TARGET AREA SAMPLE TYPE1 WIDTH2(m) Au (g/t) Ag (g/t)
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Veta La Colorada Chip-Channel 1.0 1.17 19
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Veta La Colorada Chip-Channel 1.0 2.51 21
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Veta La Colorada Chip-Channel 1.8 1.11 18
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Veta La Colorada Chip-Channel 1.0 1.86 27
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La Magnifica Chip-Channel 0.9 1.12 11
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San Eusebio Dump N/A 1.46 199
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San Eusebio Chip-Channel 4.5 1.93 163
Including 1.0 3.91 286
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San Eusebio Chip-Channel 1.0 5.74 12
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San Eusebio Chip-Channel 2.2 3.11 25
Including 1.0 5.74 48
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El Tepehuaje Chip-Channel 0.9 1.95 32
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Veta Grande W Channel 0.95 1.19 19
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Veta Grande W Channel 0.75 0.72 111
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Veta Grande W Chip-Channel 4.95 1.09 17
Including 2.95 1.69 8
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Veta Grande W Channel 1.0 1.42 13
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Veta Grande W Channel 7.8 0.82 48
Including 1.2 2.54 197
Including 1.0 2.38 16
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Veta Grande S Chip-Channel 6.0 1.91 21
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Including 1.0 4.89 36
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Veta Grande E Channel 1.1 0.71 226
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Veta Grande E Chip 0.73 2.95 386
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Veta Grande E Channel 0.50 0.72 179
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Veta Grande E Chip-Channel 1.0 0.73 154
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1 Channel samples are continuous samples cut with a portable rock saw while
chip-channel samples are continuous samples taken with a rock hammer.
2 Samples are reported as sampled widths.
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Soltoro mapping
and sampling continues to yield high-grade gold silver values at Tecolote.
Further ground magnetic surveys will be carried out to better define the extent
of known vein systems while the remainder of the property will be explored
through continued mapping and sampling. Permitting required for trenching and
drilling programs is underway."
Mineralization at Tecolote is typical of low-sulphidation epithermal deposits.
Currently known gold and silver vein systems consist of discrete veins and
stockwork zones containing quartz, pyrite and base metal sulphides along with
associated oxidation products. Lead and zinc values, primarily in the La
Fundicion and Carmelita areas, locally exceed one percent. Given the high grades
and narrow widths, Soltoro views Tecolote as a potential underground mine
target.
A location map and sample area maps may be viewed at:
http://www.soltoro.com/projects/pdf/NR152maps.pdf.
Assaying is done 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, lead overlimits were analyzed
using volumetric titration. Mr. Steven T. Priesmeyer, C.P.G., Vice President
Exploration for Soltoro Ltd. and a qualified person as defined by NI 43-101 has
reviewed and approved the contents of this press release.
Soltoro is engaged in exploration for gold and silver deposits in Mexico.
Soltoro holds in excess of 41,000 hectares of ground in Jalisco State. Soltoro
is focused on expanding silver resources at the El Rayo silver project while
seeking partners to advance the balance of its projects. Soltoro holds 15% of
the common shares of Argentum Silver Corp. with a 3% N.S.R. payable on Argentum
Silver's Victoria and Coyote properties. Soltoro's La Tortuga project is under
option to Gold Reserve Inc. Soltoro has 59,783,037 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Soltoro Ltd.
Andrew Thomson
President
(416) 987-0722
www.soltoro.com
(TSXV:SOL)
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