Soltoro's Underground Sampling Returns 11.57 Metres of 449 GPT Silver, 0.13 GPT Gold & 3.54% Lead at the El Rayo Project
TORONTO, ONTARIO -- (Marketwired) -- 06/25/13 -- Soltoro Ltd. (TSX VENTURE: SOL) has completed Phase 1 of its underground sampling program at the historic Catarina mine on the El Rayo primary silver project in Jalisco, Mexico. The program is being completed to confirm and expand a historic silver resource identified by the Consejo de Recursos Minerales in the 1980's. The southern portion of the El Rayo structure hosts the Catarina mine, where five separate high-grade silver ore shoots were mined by the Spaniards beginning in 1546. Mineralization at the Catarina mine has been exposed on two levels 50 metres apart over approximately 500 metres of strike.
During Phase 1, Soltoro collected 340 underground channel and chip-channel samples over a 385 metre strike length on the main level of the mine. Phase 1 was designed to better understand the geology of the Catarina mine area and confirm the historic silver resource. Results are as follows:
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TARGET SAMPLE TRUE Ag Au Pb
AREA DRIFT TYPE(1) WIDTH(2) (g/t) (g/t) (%)
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Upper Tepeguaje XCO-P-152(3) Chip-Channel 17.34 61 0.08 6.50
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Including 1.84 98 0.19 20.00
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Including 1.93 64 0.12 20.00
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Upper Tepeguaje FTE-P-158 Chip-Channel 1.35 30 0.02 0.75
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Upper Tepeguaje FTE-P-163 Chip-Channel 1.79 74 0.03 1.35
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Upper Tepeguaje XCO-P-165 Chip-Channel 11.57 449 0.13 3.54
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Including 2.02 1298 0.19 1.59
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Including 1.10 947 0.40 8.42
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Upper Tepeguaje XCO-P-170 Chip-Channel 2.89 722 0.11 0.47
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Including 1.44 1330 0.20 0.69
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Upper Tepeguaje XCO-P-180 Chip-Channel 14.65 188 0.12 0.74
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Including 1.05 1085 0.17 2.11
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Upper Tepeguaje FTE-P-187 Chip-Channel 1.49 321 0.17 0.49
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Upper Tepeguaje FTE-P-193 Chip-Channel 1.40 148 0.13 0.69
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Upper Tepeguaje FTE-P-200 Chip-Channel 1.43 59 0.04 0.22
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Tepeguaje XCO-P-205 Chip-Channel 7.05 138 0.09 2.14
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Including 0.39 807 0.83 12.95
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Tepeguaje FTE-P-206 Chip-Channel 1.29 205 0.07 0.28
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Tepeguaje FTE-P-213 Chip-Channel 1.40 53 0.02 0.25
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Tepeguaje FTE-P-217 Chip-Channel 0.91 278 0.15 0.29
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Tepeguaje FTE-P-221 Chip-Channel 1.49 214 0.15 0.44
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Tepeguaje XCO-P-228 Chip-Channel 13.06 243 0.10 0.64
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Including 1.59 624 0.31 2.23
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Tepeguaje FTE-P-231 Chip-Channel 1.62 150 0.06 0.62
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Tepeguaje FTE-P-236 Chip-Channel 1.58 57 0.04 0.41
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Tepeguaje FTE-P-240 Chip-Channel 1.92 173 0.05 1.04
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Tepeguaje XCO-P-245 Channel 4.34 110 0.04 0.65
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Including 1.45 230 0.05 1.31
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Tepeguaje FTE-P-253TN Chip-Channel 3.19 64 0.05 0.26
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Tepeguaje FTE-P-260 Chip-Channel 5.82 93 0.12 0.75
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Tepeguaje XCO-P-265 Chip-Channel 10.40 59 0.03 0.28
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Tepeguaje FTE-P-270 Chip-Channel 2.12 109 0.34 2.99
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Tepeguaje FTE-P-275 Chip-Channel 4.57 188 0.11 0.64
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Tepeguaje FTE-P-280 Chip-Channel 2.66 98 0.16 0.82
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Tepeguaje FTE-P-285 Chip-Channel 2.10 121 0.08 1.01
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Tepeguaje FTE-P-290 Chip-Channel 1.73 64 0.05 1.55
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Tepeguaje XCO-P-295 Chip-Channel 7.44 96 0.01 0.51
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Esperanza FTE-P-301 Chip-Channel 1.57 185 0.04 0.16
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Esperanza FTE-P-307 Chip-Channel 1.66 215 0.02 0.14
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Esperanza FTE-P-312 Chip-Channel 1.88 161 0.02 0.17
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Esperanza XCO-P-313 Channel 22.84 58 0.03 0.16
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Esperanza FTE-P-318 Chip-Channel 1.55 38 0.01 0.15
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Esperanza F Esperanza Chip-Channel 1.74 100 0.12 0.13
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Esperanza XCO-P-325 Chip-Channel 5.41 51 0.02 0.36
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Esperanza XCO-P-332 Chip-Channel 7.13 53 0.02 0.14
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Esperanza FTE-P-337 Chip-Channel 1.69 54 0.04 0.57
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Esperanza FTE-P-341 Chip-Channel 1.58 53 0.01 0.17
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Esperanza XCO-P-350 Chip-Channel 8.32 104 0.04 0.48
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Esperanza FTE-P-357 Chip-Channel 2.48 255 0.15 2.83
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Esperanza FTE-P-362 Chip-Channel 2.68 106 0.03 1.05
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Esperanza XCO-P-365 Chip-Channel 5.46 96 0.03 0.58
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Esperanza FTE-P-368 Chip-Channel 2.90 94 0.04 1.33
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Esperanza FTE-P-372 Chip-Channel 1.82 75 0.04 1.48
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Cielo Grande XCO-P-372 Chip-Channel 1.90 48 0.02 0.31
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Cielo Grande FTE-P-377 Chip-Channel 1.90 118 0.02 1.25
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Cielo Grande XCO-P-380 Channel 11.21 74 0.05 0.45
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Cielo Grande XCO-P-385 Channel 1.14 56 0.04 0.46
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Cielo Grande FTE-P-392 Chip-Channel 1.25 63 0.02 0.22
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Cielo Grande XCO-P-395 Chip-Channel 10.27 135 0.05 0.3
6
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Cielo Grande XCO-P-405 Channel 2.59 130 0.05 0.77
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Cielo Grande XCO-P-410 Chip-Channel 11.61 190 0.05 0.77
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Cielo Grande XCO-P-420 Chip-Channel 2.66 238 0.07 0.59
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Cielo Grande FTE-P-423 Chip-Channel 1.64 236 0.03 0.40
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Cielo Grande XCO-P-425 Channel 5.46 76 0.02 0.36
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Cielo Grande FTE-P-432 Chip-Channel 1.81 282 0.05 0.27
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Cielo Grande FTE-P-437 Chip-Channel 2.02 237 0.10 0.48
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Cielo Grande FTE-P-441 Chip-Channel 1.98 60 0.03 0.84
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Cielo Grande XCO-P-450 Chip-Channel 6.52 102 0.02 0.29
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San Jose XCO-P-455S Chip-Channel 1.52 107 0.07 0.61
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San Jose FTE-P-460 Chip-Channel 1.55 24 0.01 0.33
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San Jose FTE-P-465 Chip-Channel 1.17 16 0.01 0.09
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San Jose FTE-P-470 Chip-Channel 1.49 29 0.01 0.18
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San Jose FTE-P-475 Chip-Channel 1.45 26 0.01 0.28
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San Jose FTE-P-477 Chip-Channel 1.92 20 0.01 0.14
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San Jose XCO-P-480 Chip-Channel 2.41 836 0.04 0.85
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Including 1.35 1385 0.07 1.33
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San Jose XCO-P-487S Chip-Channel 2.09 145 0.02 0.32
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San Jose XCO-P-490N Chip-Channel 1.68 69 0.02 0.47
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San Jose FTE-P-495 Chip-Channel 1.33 186 0.03 0.39
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San Jose FTE-P-500 Chip-Channel 1.55 64 0.01 0.32
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San Jose XCO-P-505N Chip-Channel 0.95 85 0.01 0.23
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San Jose FTE-P-509 Chip-Channel 2.05 17 0.01 0.21
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San Jose FTE-P-513 Chip-Channel 0.79 42 0.01 0.24
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San Jose FTE-P-517 Chip-Channel 1.40 71 0.02 0.30
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San Jose XCO-P-522 Chip-Channel 4.52 71 0.04 0.56
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San Jose FTE-P-525 Chip-Channel 1.45 32 0.02 0.31
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San Jose FTE-P-530 Chip-Channel 2.13 58 0.03 0.28
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San Jose FTE-P-530T Chip-Channel 1.08 18 0.05 0.19
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San Jose FTE-P-535 Chip-Channel 1.45 26 0.02 0.49
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San Jose FTE-P-540 Chip-Channel 1.58 25 0.02 0.27
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San Jose FTE-P-545 Chip-Channel 1.44 54 0.02 0.59
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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) True widths are based on a dip of 75 degrees for the Catarina structure.
(3) Four samples in this interval exceeded the upper limit of detection
for lead. Because overlimit assays have not yet been received, these
values are reported as 20.00% lead.
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Soltoro's is investigating the underground mine potential in the main resource area at our El Rayo primary silver project. The historic Catarina mine area represents an attractive underground high-grade silver target. Sampling of the second level of the mine will begin shortly which, along with surface trenching and drilling, will be used to establish a resource in the Catarina mine area. Soltoro expects to define new target areas for drilling to expand our understanding of the mineralization at depth."
Soltoro has completed 20 drill holes in the Catarina mine area, seven of which were designed to test mineralization at depth. The best result was from drill hole Ray07-23, which intersected 117 g/t silver over a drilled width of 45 metres. These drill holes, along with trenching results from a prior Soltoro sampling program, will be used to define an NI 43-101 compliant resource at Catarina.
Mineralization at the Catarina Mine is typical of low-sulphidation epithermal deposits with a vein-breccia surrounded by stockwork veining in altered volcanic rocks. Base metal sulphides, principally galena, along with silver-bearing sulphides and sulfosalts, occur in a matrix of quartz with lesser carbonate and hematite.
A location map and sample area maps may be viewed at: http://www.soltoro.com/projects/pdf/NR153maps.pdf
Assaying is done by ALS-Chemex through their facility in Guadalajara, Mexico. Gold was analyzed using a 30 g 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 Mines Inc. holds 4.5 million shares of Soltoro Ltd.
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. 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.
Contacts:
Soltoro Ltd.
Andrew Thomson
President
(416) 987-0722
www.soltoro.com