Soltoro's Underground Sampling Returns 11.57 Metres of 449 GPT Silver, 0.13 GPT Gold & 3.54% Lead at the El Rayo Project
(firmenpresse) - 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:
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:
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
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Datum: 25.06.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 272986
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Mining & Metals
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