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Soltoro
Ltd. (TSX VENTURE:SOL - News) has completed four diamond drill ("DD")
holes in the Las Bolas deposit zone at the El Rayo
Project in Mexico as part of its ongoing resource expansion drilling program.
These four DD holes twinned prior reverse-circulation (RC) drill holes in
order to test the upper portions of the RC holes which were not previously
sampled where unsampled material was not retained
for future sampling. The intent of the twinning program was to sample from
surface in order to improve the stripping ratio of the deposit through
identification of previously undetected mineralization and to confirm RC
results. Results from this initial testing show that mineralization does in
fact extend to surface and will contribute to reducing the strip ratio. A
total of 432 metres was drilled and each hole was
sampled in its entirety. Results were returned as follows:
----------------------------------------------------------------------------
Deposit
Section
Drill From: To: Width:(1) Silver:
Area:
Line:
Hole:
(metres) (g/t)
----------------------------------------------------------------------------
LAS BOLAS
S2
Ray10-53
0
81
81
45
including
58.0 81
23
92
including
73.6 81
7.4
148
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LAS BOLAS
S2 Ray10-51(2) 0 120.5 120.5
67
cut value
0 120.5 120.5
59
including 89.0 120.5
31.5
149
cut value
89.0
120.5
31.5
118
including
103.0
120.5
17.5
227
cut value
103.0 120.5
17.5
171
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LAS BOLAS
S3
Ray10-52
0
62.4 62.4
56
including
29.0
62.4
33.4 89
including
36.0 56
20
111
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LAS BOLAS
S3
Ray10-50
0
124
124
46
including 101.8 122
20.2
132
including
104.9
122
9.8
212
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(1) All intersections are reported as drilled thickness. True widths are not
known at this time but are
believed to be similar to drilled widths.
(2) Sample 320457 from 103.0 to 104.0 m down-hole depth was cut from
1,980
g/t Ag to 1,000 g/t Ag.
Cross
sections showing the location of the four newly drilled holes on section
lines 2 and 3 along with results from previously drilled holes may be viewed
on the Company's website at: http://www.soltoro.com/projects/pdf/twin2011drilling.pdf.
Andrew
Thomson, President and Chief Executive Officer, stated: "We continue to
expand the extent of the disseminated silver mineralization at El Rayo and demonstrate its open pit potential. Soltoro has completed the first deep step-out drill hole
100 metres north of Ray10-46 and encountered sulphides 260 metres down-hole.
We stopped the hole at 404 metres. The second deep
hole planned is now underway."
Prior
assaying of the first 40 RC holes in the Las Bolas deposit area did not
include assaying of the entire holes. The purpose of drilling these four
diamond drill holes was to twin the RC drill holes and sample the core from
surface in order to determine the continuity of the mineralization, carry out
a comparative study and to get a better understanding of the geology.
Interval results comparing prior RC results with the four diamond drill holes
just completed were returned as follows:
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Deposit
Section
Drill From: To: Width(2): Silver:
Area
Line:
Hole:
(metres) (g/t)
----------------------------------------------------------------------------
Las Bolas
S2 RC08-21(1) 49.5 79.5
30.0
96
Ray10-53
49.0
79.6
30.6
74
----------------------------------------------------------------------------
Las Bolas
S2 RC08-28(1) 81.0 127.5
46.6
143
Ray10-51(3)
82.0
127.5
45.5
94
uncut
82.0
127.5
45.5
116
----------------------------------------------------------------------------
Las Bolas
S3 RC08-27(1) 96.0 126.0
30.0
148
Ray10-50
96.0
126.0
30.0
97
----------------------------------------------------------------------------
Las Bolas
S3 RC08-17(1) 27.0 57.0
30.0
122
Ray10-52
27.0
58.0
31.0
89
----------------------------------------------------------------------------
(1) Previously announced reverse circulation drill hole from news
release
NR44.
(2) All intersections are reported as drilled thickness. True widths are not
known at this time but are
believed to be similar to drilled widths.
(3) Sample 320457 from 103.0 to 104.0 m down-hole depth was cut from
1,980
g/t Ag to 1,000 g/t Ag.
Soltoro
is investigating the assay results obtained and has not made a determination
as to what may account for the variance in assay values between the RC and DD
holes. The Company plans to twin additional RC holes on other portions of the
Las Bolas deposit area to determine if mineralization extends to the surface
in those areas and to check for further variances. Prior diamond holes
twinned with RC holes in the Las Bolas did not show the same variance (Soltoro NR45).
Assaying
from this program was completed by ALS Chemex
through their office in Guadalajara, Mexico. Silver and other base and trace
elements were analyzed using four acid "near total" digestion with an ME-ICP finish. Standards provided by an
independent company and locally derived blank samples are inserted for
quality control purposes. Mr. Steven T. Priesmeyer,
C.P.G., Vice President of Exploration for Soltoro
Ltd. and a qualified person as defined by NI 43-101 has reviewed and approved
the contents of this press release. Field supervision of the El Rayo project is provided by Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro Mexico.
About
Soltoro:
Soltoro
is engaged in exploration for bulk tonnage gold and silver deposits in
Mexico. The Company continues to develop its El Rayo
silver-gold project to expand the existing NI 43-101 compliant primary silver
resource. Soltoro has also recently completed a
mapping and sampling program at its Pena Grande project and is actively
advancing its Victoria, Quila, Tortuga, Chinipas and El Santuario
projects. Soltoro has 45,609,348 shares outstanding
and trades on the TSX Venture Exchange under the symbol SOL.
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.
Contact:
Andrew Thomson
Soltoro Ltd.
President
(416) 987-0722
www.soltoro.com
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