Soltera Mining Corp. President/CEO Interviewed on InvestorIdeas.com
To read the full interview visit InvestorIdeas.com here.
Q&A Interview with President/CEO of Gold Stock Soltera Mining Corp. (OTCPK: SLTA)
Point Roberts, WA - June 08, 2011 - www.InvestorIdeas.com, a leader in sector stock research including mining stocks, release a Q&A interview with Dr. Fabio Montanari, President/CEO of Soltera Mining Corp. (OTCPK:SLTA) (FRANKFURT:SN7) for interested gold stock investors.
On May 5th, 2011 Soltera reported some exciting gold assay results from a chip and channel program on sections of the 14 km long gold-bearing quartz vein system that spans their El Torno property in northern Argentina. Those results included a mind-boggling 1.5 meters at 376 g/t. This announcement, however, came on the heels of an April 27th release stating that test work on an eluvial (weathered surface material) area designated to provide feed for the existing gravity plant showed insufficient gold for exploitation.
Then on May 25th Soltera announced that Goldlake Italia S.p.A ("Goldlake"), a company that has an agreement to supply "ethical gold" to Cartier Jewelers, intends to invest a further US$900,000 into Soltera by June 30th 2011.
InvestorIdeas.com interview with Dr. Fabio Montanari sheds light on the relevance of these three announcements and tells investors about his current plans at Soltera Mining's flagship Argentine gold property, El Torno.
Dr. Fabio Montanari has an international mining career of over twenty-five years, including senior experience spearheading advanced exploration and mining activities in Africa, South America, Europe, Canada and the United States for a host of internationally recognized exploration and mining companies including: Asarco (US), Golden Star (UK), ENI Group (Italy) and Normabec (CAN). Dr. Montanari has also been a geological consultant to the United Nations under the U.N. Technology Cooperation Schemes.
Q- Investorideas.com
Dr. Fabio Montanari, let's start with the two announcements regarding assay results. They seem contradictory, with one reporting low gold values and the other some very high gold values, so what does this mean?
A- Fabio Montanari
The difference is because the samples were from test work on two very different types of gold deposit.
The main potential of the El Torno property is for large deposits of vein and bedrock gold, but there are also much smaller deposits of weathered surface (called eluvial) material that can contain free gold. The first announcement concerned test work on eluvial material whereas the second concerned analyses from part of the main vein system.
Q- Investorideas.com
Why bother with the eluvial deposits if they are small and, in any case what went wrong with the eluvial test work?
A- Fabio Montanari
We were looking at the eluvial material because there is a simple gravitational processing plant already in place that had been used successfully in the past by the mineral title owner and it offered the real possibility of generating a rapid cash flow that would pay for exploration of the main targets. Initial operation of the plant produced gold in the form of tiny nuggets and the next logical step was to test an area of potential eluvial feedstock to see if there was enough for a commercial operation. Any production by this means would be ideal for Goldlake's agreement to supply �ethical gold' to Cartier.
The sampled area, about 35 of the 7 861hectares (19,424 acres) included in the property, was selected because it had a good thickness of weathered material, all the necessary permissions for surface extraction, and is relatively close to the processing plant. Part of the area had also been worked previously by the mineral title owner.
However, extensive and detailed test work showed that although small amounts of gold are distributed widely throughout the area, the tonnage of material containing higher values is insufficient to justify a commercial operation from this location. There was simply less gold than we had anticipated and, as a result, we cannot go into production immediately as we wished. There are, however, other areas of eluvial material throughout the property that could contain gold and these will be examined in due course.
Q- Investorideas.com
So what is the significance of the very high gold values in the second announcement?
A-Fabio Montanari
The high gold values are very exciting and very significant...
READ THE FULL INTERVIEW HERE
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