Soltoro Ltd.

Published : September 20th, 2007

INTERCEPTS 6 METRES OF 6.08 GPT GOLD & 19.5 METRES OF 187 GPT SILVER AT EL RAYO PROJECT

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Keywords :   Copper | Diamond | G Mexico | Gold | Lead | Mexico | Silver |


FOR IMMEDIATE RELEASE:

September 20, 2007

 

SOLTORO INTERCEPTS 6 METRES OF 6.08 GPT GOLD &

19.5 METRES OF 187 GPT SILVER AT EL RAYO PROJECT

 

Soltoro Ltd. (SOL:TSX.V) has completed a 5,530 metre orientation Diamond drill program at the El Rayo project in Jalisco, Mexico which is being investigated for the presence of a bulk tonnage silver lead gold deposit. Drilling in the final phase of the program tested priority geophysical targets and extensions to mineralized structures along strike from the property?s historic silver-lead resource area. This phase was modified to investigate previously untested zones of mineralization along strike from the known resource area resulting in only 4 of 14 priority airborne geophysical targets being drill tested.

 

Andrew Thomson, the President of Soltoro, reports: ?We are extremely encouraged by the latest drill results as widths and grade of the mineralized zones at depth are sufficient to support both open pit and underground mining for gold and silver. These new zones fall outside of the property?s historic resource area and have seen little to no exploration nor drilling previously. To date, Soltoro has defined 5 kilometres of mineralized structures open on strike to the north east and north west.?

 

El Rayo North West Structure: Prior trenching along the north west extension of the 2.4 kilometre El Rayo structure identified a previously unrecognized gold zone with an 825 metre strike length. Four drill holes were completed from 3 separate locations along this extension. The most significant results reported from these 4 holes are presented in the table below and include a silver equivalent value based on a silver to gold ratio of 55:1 (US $660 and $12.00 for gold and silver respectively):

 

El Rayo Structure

Drill

From:

To:

Width

Gold

Silver

Lead

Silver

Location

Hole:

 

 

Metres

gpt

gpt

%

Eq. gpt*

200m NW El Rayo Mine

Ray-07-35

64.5

102

37.5

1.78

31

0.3

130

(testing trench 24)

including

70.5

76.5

6

6.08

10

0.4

344

150m NW El Rayo Mine

Ray-07-34

55.5

70.5

15

1.56

9

0.13

95

(testing trench 24)

including

55.5

60

4.5

3.98

11

0.21

230

100m SW El Rayo Mine

Ray-07-33

43.5

46.5

3

2.38

129

1.13

260

(testing trench 15)

Ray-07-33

57

60

3

1.09

35

1.16

95

Gavilan Mine

Ray-07-29

57

58.5

1.5

0.99

63

0.28

117

(testing trench 7)

Ray-07-29

84

93

9

0.41

80

0.91

103

*Lead values not included in the silver equivalent calculation, metallurgical recoveries & net smelter returns are assumed to be 100%

 

Las Bolas North East Structure: Drilling and trenching along the north east extension of the 800 metres Las Bolas structure has extended the mineralized strike length of the structure an additional 900 metres for a total strike length of 1,700 metres. Two drill holes were completed below the Arturo and Ernesto Mines along this extension. Significant results were returned as follows:

 

Las Bolas Structure

Drill Hole:

From:

To:

Width

Gold

Silver

Lead

Location

 

 

 

Metres

gpt

gpt

%

Arturo Mine

Ray-07-38

64.5

84

19.5

0.03

187

0.13

 

 

Diatreme zone: Drill hole 28 tested the centre of airborne geophysical Anomaly 25, a 700 metre long by almost 400 metre wide magnetic low 1,150 metres north of the Catarina mine, situated between the El Rayo and Las Bolas structures. This area has never been prospected, mined or drill tested as it is covered by overburden for the most part. The hole intercepted what is believed to be an intrusive matrix diatreme from 12 metres to 467 metres and terminated without exiting diatreme material.  Drill hole 28 returned anomalous gold and silver values as follows:

Airborne Geophysical

Drill Hole:

From:

To:

Width

Gold

Silver

Target Location

 

 

 

Metres

gpt

gpt

Anomaly 25

Ray-07-28

126

127.5

1.5

0.44

7

1150m N of Catarina Mine

 

 

 

 

 

 

 

 

 

 

Chris Lloyd, the Vice President of Exploration reports: ?The discovery of an igneous matrix diatreme breccia of a style similar to the Pe?asquito Deposit in northern Mexico is an exciting development at El Rayo and represents a new target style and potentially significant area.  While only one interval returned anomalous values in this hole, a wide interval of over 200 metres was noted with strong silicification and disseminated pyrite indicating a hydrothermal fluid has affected this intrusive body. At the Pe?asquito Deposit the better mineralized areas are associated with faulting, fractures and zones of silicification along the periphery of the breccia body. These peripheral zones could represent the best drill targets for mineralization and remain to be tested.?

Soltoro is conducting more detailed mapping and sampling programs on the diatreme and the Rayo gold zone, including a topographic survey. The Company is reviewing and compiling data prior to designing a resource definition drill program at Rayo and new work in several other areas such as the Diatreme zone. Meanwhile, the Company is focusing its efforts on the Bacanora bulk tonnage gold project in Sonora, where drilling is now underway.

A summary of results and maps detailing features of the orientation drill program are available at the company?s website: www.soltoro.com

 

All Diamond drilling at the El Rayo project is being carried out using HQ Diamond core. Assaying of samples 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. Gold was analyzed using a 30g fire assay with AA finish. Internal standards provided by an independent company and locally derived blank samples are being inserted for quality control purposes. Mr. William McGuinty, P.Geo, a director of the Company and qualified person as defined by NI 43-101 has reviewed the contents of this press release. Field supervision of the El Rayo project is provided by Mr. Chris Lloyd, Vice President, Exploration.

 

Soltoro is a junior exploration company active in Mexico with 19,638,600 shares outstanding. The Company is exploring for bulk tonnage gold, silver and copper deposits in Mexico. Shares trade on the TSX Venture Exchange under the symbol SOL.

 

On behalf of the board,
Andrew Thomson,
President,
Phone: (416) 987-0722 or visit
www.soltoro.com

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur.  Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.  Actual results in each case could differ materially from those currently anticipated in such statements. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this RELEASE.

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.
1/12/2015(El Rayo)Identifies Additional Gold Zone at the El Rayo Project
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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