Soltoro's Equity/Royalty Partner Extends Strike of El Tajo Vein and Trenches 1.2 Metres of 527 g/t Silver at the Coyote Project
Published : September 26, 2013
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Keywords :   G Mexico | Gold | Market | Mexico | Silver |

TORONTO, ONTARIO--(Marketwired - Sept. 26, 2013) - Soltoro Ltd. (News - Market indicators) holds 7,000,000 common shares or 15% of Argentum Silver Corp (TSX VENTURE:ASL).

Soltoro participates in discoveries and advancements at Coyote through its 15% equity holding in Argentum Silver and its retained 3% N.S.R. royalty interest in the Coyote property.

Argentum Silver has received assay results from its most recent trenching program at Argentum Silver's 100% owned Coyote property in Jalisco, Mexico. To date Argentum Silver has drill tested a 600 metre long section of the El Tajo vein with over 2,800 meters of drilling completed to an average depth of 85 vertical meters. Surface trenching has extended the main El Tajo Vein strike length an additional 375 meters to the south. The El Tajo vein remains open at depth and along strike to the south. In the La Valenciana zone, trenching has defined 2 new high grade silver zones; one with over 350 metres of strike length and a second with over 600 metres of strike length.

Highlights of the trenching programs, where values exceeded 90 g/t Ag, were returned as follows:

ZONE   TRENCH
ID
  CHIP
SAMPLE
WIDTH
(m)*
  Ag
(g/t)
Au
(g/t)
EL TAJO   Z-56   1.4   120 0.38
EL TAJO   Z-58   1.2   190 0.10
EL TAJO   Z-59   0.7   199 0.12
EL TAJO   Z-112   0.6   170 0.08
LA VALENCIANA   Z-64   1.2   527 0.30
LA VALENCIANA   Z-65   4.5   97 0.13
LA VALENCIANA   Z-66   5.7   172 0.10
LA VALENCIANA   Z-70   2.2   132 0.28
LA VALENCIANA   Z-71   2.4   92 0.10
LA VALENCIANA   Z-89   0.8   141 0.12
LA COLORADA   Z-4   3.0   262 0.02
LA COLORADA   and   1.5   424 0.00
LA COLORADA   Z-5   2.0   457 0.10
FLORIDA   Z-103   0.7   111 0.02
FLORIDA   Z-107   0.5   113 0.77
* True widths are estimated to be >95% of chip sample widths

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "The Argentum Silver trenching results from the El Tajo vein indicate they have added an additional 375 metres of strike length south of the 600 metres initially drill tested. Other silver zones on the balance of the property returned significant high grade silver values which have yet to be drill tested."

A trenching location map is available at: http://www.argentumsilvercorp.com/s/coyote.asp

The southern extension of the El Tajo Zone was identified in 13 trenches over a strike length of 375 metres and remains to be drill tested. All 13 trenches returned anomalous silver values generally greater than 10 g/t Ag including the most southern Trenches Z-56 through 59 (tabled above) which contained the best silver and gold grade continuity. Trenches Z-56 through 59 were completed along the most southern 100 metre section of the trend and it remains open to the south. Additional trenching and sampling is planned to define the extent of the zone.

North of the El Tajo Zone, 16 trenches were completed over a strike length of 600 metres. Some veining was encountered where silver assay values range from 10 to 48 g/t Ag. No significant mineralized widths were defined. More trenching is required to follow up on the anomalous silver values to determine if drilling is warranted.

The principal La Valenciana Zone was exposed by 13 trenches over a strike length of 350 metres and returned consistent silver values above 30 g/t Ag, including those highlighted in the table above. A secondary sub-parallel vein in the La Valenciana Zone was exposed by 20 trenches over a 600 metre strike length. This sub-parallel vein displayed consistent silver values above 10 g/t Ag. Argentum geologists believe surface assay values in the La Valenciana veins to be in the upper horizon of the silver mineralized system and that higher grades may be present at depth.

The La Colorada Zone was prospected by 13 trenches over a strike length of 430 metres and identified multiple quartz and mineralized zones. Trenches Z-4 and Z-5 represent 90 metres of lateral continuity of good silver grades.

Finally, the southern extension of the Florida Zone was exposed by 7 trenches over a 300 metre strike length. All trenches returned values of >30 g/t Ag including Z-103 and Z-107 tabled above. An additional 31 trenches tested several peripheral and sub-parallel zones to those described above, with only limited success.

The objective of the trenching program was to identify lateral extensions to known mineralized silver zones with good grades and widths in order to define future drill target areas. A total of 113 trenches were excavated and chip sampled principally on the El Tajo, La Valenciana, La Colorada, Bocancha, and Florida Zones. Trenches were completed over a total 1,636 meters spaced roughly every 25 metres along strike over selective portions of zone projections. A full table of results is available on the Company's website.

The Coyote project is located near the town of Chilacayote, within the state of Jalisco, Mexico. Road access and infrastructure are excellent. The property is approximately 150 kilometres southwest of the capital city of Guadalajara, roughly a 3 1/2 hour drive. Topography is generally gentle to moderate. A regional electrical power line crosses the property.

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Analytical procedures include a 33 element ICP-AES analysis (ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays exceeding 100 g/t are re-assayed by HCL leach with an ICP-AES or AAS finish (OG62). Paul Cowley, P.Geo., Argentum Silver Corp.'s Senior Geological Consultant and Advisor, and a Qualified Person under NI 43-101 has designed and supervised the Argentum Silver Corp. program, and reviewed and approved the contents of Soltoro's 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 Mining, 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.



Andrew Thomson
President
(416) 987-0722
www.soltoro.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Soltoro Ltd.

EXPLORATION STAGE
CODE : SOL.V
ISIN : CA83437F1053
CUSIP : 84437F
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Soltoro is a silver and gold development stage company based in Canada.

Its main exploration properties are QUILA, MARGARITA, VICTORIA, LA TORTUGA, CHINIPAS, SANTUARIO, GAVILAN, COYOTE and EL RAYO in Mexico.

Soltoro is listed in Canada and in Germany. Its market capitalisation is CA$ 23.8 millions as of today (US$ 19.4 millions, € 17.1 millions).

Its stock quote reached its lowest recent point on December 19, 2008 at CA$ 0.03, and its highest recent level on August 05, 2011 at CA$ 1.49.

Soltoro has 75 530 000 shares outstanding.

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Annual reports of Soltoro Ltd.
2008 Annual Report
Financings of Soltoro Ltd.
3/20/2011Announces Acceleration of Warrant Expiry Date to April 19, 2...
Option Grants of Soltoro Ltd.
12/11/2012Grants Options
10/5/2012Grants Options
10/5/2012Grants Options
12/12/2009Issues stock options
9/9/2009APPOINTS ADVISORY BOARD AND ISSUES STOCK OPTIONS
Nominations of Soltoro Ltd.
1/5/2011Adds to Management and Issues Options
Project news of Soltoro Ltd.
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7/24/2013(El Rayo)Discovers Talayote Gold Zone With Up to 11.4 gpt Gold at the...
5/8/2013(El Rayo)Discovers New Mineralized Silver Area on the El Rayo Project
6/5/2011(Chinipas)Initiates Drill Program at Chinipas Gold Property in Chihuah...
5/30/2011(El Rayo)Adds Second Drill and Intercepts 4.4 Metres of Silver Bearin...
4/26/2011(Victoria)Finalizes Option of Victoria and Coyote Silver Gold Projects...
4/26/2011(Coyote)Finalizes Option of Victoria and Coyote Silver Gold Projects...
4/20/2011(El Rayo)Drills 7 Metres of 1 Kilogram Silver & 6.9 Metres of 527 GPT...
4/11/2011(El Rayo)Trenching Returns 19.5 Metres of 194 gpt Silver at El Rayo P...
3/31/2011(El Rayo)Drilling Returns 160 Metres of 47 gpt Silver at El Rayo Prim...
3/7/2011(Victoria)Argentum Silver Options Two Silver-Gold Projects From Soltor...
2/14/2011(El Rayo)Drilling Confirms Mineralization Extends to Surface in Main ...
1/21/2011(El Rayo)Resumes Drilling at El Rayo Primary Silver Project in Mexico
12/9/2009(El Rayo)Resource drilling returns 124.5 metres of 60 gpt silver incl...
12/2/2009(El Rayo)Drilling adds 50 metre depth to oxide gold zone and returns ...
11/16/2009(El Rayo)Drilling adds 50 metre depth to oxide silver zone and return...
11/2/2009(El Rayo)Trenching Program at El Rayo
9/1/2009(El Rayo)ANNOUNCES RESOURCE DRILL PROGRAM AT EL RAYO
3/3/2009(Quila)GOLD DISCOVERY ANNOUNCED WITHIN SOLTORO'S QUILA CLAIM CURREN...
12/2/2008(La Tortuga)AND SUMITOMO COMMENCE DRILL PROGRAM AT LA TORTUGA COPPER GOL...
11/26/2008INTERCEPTS AN AVERAGE GRADE OF 119 GPT SILVER OVER 13 METRES...
5/27/2008(La Tortuga)PROVIDES GEOLOGICAL UPDATE ON LA TORTUGA PROJECT
4/11/2008(La Tortuga)SUMITOMO TO FUND DRILLING OF ADDITIONAL PORPHYRY COPPER GOLD...
1/21/2008(La Tortuga)Sumitomo and Soltoro Commence Drilling on La Tortuga Copper ...
11/9/2007(El Rayo)REPORTS ON JV's WITH SUMITOMO AND SOUTHERN SILVER
9/12/2007(El Rayo)Trenching Defines Significant Gold Zone at El Rayo
6/27/2007(El Rayo)Intercepts 269 gpt Silver Over 12 Metres at El Rayo in Mexic...
Corporate news of Soltoro Ltd.
4/10/2015Soltoro Ltd. Announces Acquisition by Agnico Eagle Mines Lim...
4/10/2015IIROC Trading Resumption - SOL
4/10/2015Announces Acquisition by Agnico Eagle Mines Limited
4/10/2015IIROC Trading Halt - SOL
3/5/2015Soltoro Completes Panel Sampling Program on Tecolote Project
2/27/2015Soltoro Completes Panel Sampling Program on Tecolote Project
1/12/2015Soltoro Identifies Additional Gold Zone at the El Rayo Proje...
11/18/2014Soltoro Advances Bulk Tonnage Gold Potential at Tecolote Pro...
11/12/2014Soltoro Files Technical Report on the El Rayo Primary Silver...
11/7/2014Soltoro Ltd. Completes $600,000 Financing
10/20/2014Soltoro Appoints Dr. Glen Masterman to Board
9/29/2014Soltoro Reports Revised NI 43-101 Compliant Silver Resource ...
9/9/2014Soltoro Sampling Tecolote Project for Bulk Tonnage Gold Pote...
8/6/2014Gold Reserve Discontinues Option on Soltoro's La Tortuga Pro...
7/18/2014Soltoro Grants Options, Appoints Advisory Board Member and R...
6/25/2014Soltoro Completes Magnetic Surveys at Tecolote and Quila Pro...
6/12/2014Soltoro Receives $150,000 Option Payment from Gold Reserve
5/26/2014Soltoro Trenching Extends El Rayo Gold Zone 70 Metres to Nor...
4/30/2014Soltoro Provides Gold Reserve with 6 Month Work Extension at...
4/2/2014Soltoro Initiates Ground Magnetics & Trenching to Define Gol...
10/22/2013Partner Completes Aeromagnetic Survey and Reports Significan...
9/26/2013Equity/Royalty Partner Extends Strike of El Tajo Vein and Tr...
9/11/2013Expands the Gold Potential of the Tecolote Project in Jalisc...
6/25/2013Underground Sampling Returns 11.57 Metres of 449 GPT Silver,...
6/17/2013Channel Sampling Returns 3 Metres of 14.16 GPT Gold and 308 ...
5/24/2013Equity/Royalty Partner Clarifies and Retracts Previously Iss...
5/13/2013Equity/Royalty Partner Advised of 4-5 Million Ounce Silver P...
5/1/2013(La Tortuga)Gold Reserve Completes $125,000 Option Payment to Soltoro in...
11/14/2012Equity/Royalty Partner Intercepts 2.90 Metres of 499 GPT Sil...
10/25/2012Equity/Royalty Partner Intersects 1.95 Metres of 854 gpt Sil...
10/18/2012Equity/Royalty Partner Intercepts 11 Metres of 288 gpt Silve...
9/14/2012Sampling Returns 5.3 gpt Gold & 40 gpt Silver Over 3.4 Metre...
7/19/2011Closes $4.5M Financing With Coeur d'Alene Mines
7/12/2011Announces $4.5M Financing With Coeur d'Alene Mines
6/21/2011Intercepts Near Surface High-Grade Silver in 4 Drill Holes I...
6/14/2011(El Rayo)Reports NI 43-101 Compliant Silver Resource at the El Rayo P...
1/17/2010$2,100,000 financing
1/13/2010Resent: Vancouver Conference is this Sunday Jan 17th & Monda...
11/6/2009Is Attending the International Precious Metals & Commodities...
8/7/2009TSX Exclusive interview with Soltoro's CEO Andrew Thomson
7/6/2009COMPLETES $1,350,000 FINANCING
6/26/2009CLOSES FIRST TRANCHE OF FINANCING FOR $894,000
6/6/2009ANNOUNCES $750,000 FINANCING
5/15/2009ADVISED OF 16 TO 18M OUNCE SILVER POTENTIAL AT EL RAYO OPEN ...
2/11/2009PARTNER ENDS JOINT VENTURE CITING GLOBAL DOWNTURN
9/19/2008RESOURCE DRILLING PROGRAM INTERCEPTS 90 METRES OF 150 GPT SI...
6/17/2008Begins Resource Definition Drill Program at El Rayo Silver-G...
5/28/2008ACQUIRES COYOTE SILVER-GOLD PROJECT IN JALISCO, MEXICO
5/6/2008RELEASES YEAR ENDED DECEMBER 31, 2007 RESULTS
3/28/2008Receives Notice Southern Silver Proceeding With Second Year ...
11/28/2007COMPLETES ADVANCE ROYALTY PAYMENTS ON PORTION OF EL RAYO PRO...
9/27/2007BEGINS DRILLING ON BACANORA GOLD PROJECT
9/20/2007INTERCEPTS 6 METRES OF 6.08 GPT GOLD & 19.5 METRES OF 187 GP...
8/23/2007Releases 2007 Q2 Results
6/5/2007Commences Deep Drilling on El Rayo Silver Property in Mexico
5/31/2007Releases 2007 Q1 results
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