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 641 GPT Silver at Tecolote Project
TORONTO, ONTARIO -- (Marketwired) -- 06/17/13 -- 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Soltoro Ltd.
Andrew Thomson
President
(416) 987-0722
www.soltoro.com