Sonora, Mexico � March 5, 2008 - Soltera Mining Corp. (OTCBB: SLTA - News; FRANKFURT: SN7 - News) is pleased to announce that it has acquired rights to two new gold properties via its acquisition of Atzek Mineral, S.A. de CV.
The �Casita Colorada� property consists of three mining claims totalling 150 hectares located in the central part of Sonora State, Mexico, 45 km from Hermosillo City. The property contains a major mineralized gold-bearing shear zone that extends for more than 400 metres and is up to 150 metres wide. The mineralization consists of quartz, kaolin, iron oxides, tourmaline, pyrite and free gold.
The old Casita Colorado Mine was developed at the end of the 1800s and there are old shallow workings that extend for some 165 metres in the form of trenches and pits. The old mine exploited gold-quartz-kaolin in the shear zone, but some eluvial gold is still being recovered from surface material in the vicinity of the mine. The substantial size of the shear zone, the style of mineralization and the presence of extensive old workings make Casita Colorado a clear and attractive exploration target.
The �Real de Cananea� property consists of three mining claims totalling 1,030 hectares located in the north east of Sonora State, Mexico, approximately 40 km from the Arizona (USA) border. The gold mineralization is within intensely altered volcanic rocks cut by silicified fault zones in an area more than 400 metres long and up to 270 metres wide. Gold occurs disseminated in the altered rocks and is in some places concentrated, together with quartz, hematite and pyrite in or adjacent to the quartz veins.
A small underground mine is located in the middle of the property and has apparently been worked intermittently since the time of the Spaniards or before. The hard rock composing the mine was worked with enormous effort, which indicates the importance of the mineralization. The potential extent of mineralization, combined with the favourable location, convenient road access, proximity to power and water, and the nearby presence of an experienced mining labour force combine to make the Real de Cananea prospect a very attractive exploration target.
About Soltera Mining Corp.:
Soltera Mining Corp. is an exploration stage company dedicated to growing shareholder value via exploration projects in
Argentina, Mexico and Canada. Additionally, Soltera will seek further property agreements that provide long-term sustainable returns. For more information about the company, please visit their Web site at www.solteramining.com.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact:
Soltera Mining Corp.
1-888-768-5552
E-mail: info@solteramining.com
Website: www.solteramining.com
Source: Soltera Mining Corp.
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Soltera Mining Corp.
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EXPLORATION STAGE |
CODE : SLTA |
ISIN : US83437G1031 |
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Soltera Mining is a gold and copper exploration company based in Canada. Its main exploration properties are EL TORNO and EUREKA ARGENTINA in Argentina. |