FOR IMMEDIATE RELEASE:
September 12, 2007
SOLTORO TRENCHING DEFINES SIGNIFICANT GOLD ZONE AT EL
RAYO
Soltoro Ltd. (SOL:TSX.V) has completed a
total of 24 trenches at its El Rayo silver lead gold project in Jalisco, Mexico.
The trenches were completed in conjunction with an orientation drill program to
investigate the potential for the property to host a bulk mineable silver lead
gold deposit. The most significant results reported from the trenching program
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):
Trench |
Location |
Sample |
Width |
Gold |
Silver |
Lead |
Silver |
# |
|
Type |
Metres |
gpt |
gpt |
% |
equiv.
gpt* |
24 |
200M
NW El Rayo Mine** |
Surface-stwk |
29.6 |
1.87 |
4 |
0.3 |
107 |
24 |
|
Including |
17.6 |
2.8 |
4 |
0.2 |
158 |
22 |
150M
NW El Rayo Mine |
Surface-stwk |
4 |
2.4 |
7 |
0.3 |
139 |
21 |
100M
NW El Rayo Mine |
Surface-stwk |
5.6 |
0.18 |
21 |
2.5 |
31 |
18 |
El
Rayo Mine |
Surface-stwk |
2 |
1.39 |
5 |
0.05 |
81 |
17 |
30M
SW El Rayo Mine |
Surface-stwk |
1.4 |
0.9 |
1 |
0.03 |
51 |
16 |
50M
SW El Rayo Mine |
Surface-stwk |
5.9 |
1.39 |
17 |
0.2 |
93 |
15 |
100M
SW El Rayo Mine |
Surface-stwk |
12 |
5.17 |
60 |
0.8 |
343 |
14 |
120M
SW El Rayo Mine |
Surface-stwk |
1.8 |
1.23 |
50 |
0.34 |
118 |
12 |
150M
SW El Rayo Mine |
Surface-stwk |
5.1 |
7.53 |
18 |
0.2 |
432 |
11 |
200M
SW El Rayo Mine |
Surface-stwk |
2 |
1.44 |
15 |
4.2 |
94 |
8 |
30M
NE Gavilan Mine |
Surface-stwk |
1.3 |
0.8 |
30 |
0.92 |
74 |
7 |
Gavilan
Mine |
Surface-stwk |
6.3 |
3.21 |
29 |
0.9 |
205 |
6 |
30M
SW Gavilan Mine |
Surface-stwk |
5.4 |
4.29 |
43 |
3 |
279 |
5 |
60M
SW Gavilan Mine |
Surface-stwk |
3.8 |
1.27 |
49 |
4.5 |
119 |
4 |
100M
SW Gavilan Mine |
Surface-stwk |
3.9 |
1.59 |
23 |
0.65 |
110 |
3 |
130M
SW Gavilan Mine |
Surface-stwk |
4 |
0.84 |
53 |
0.7 |
99 |
2 |
140M
SW Gavilan Mine |
Surface-stwk |
14.1 |
1.06 |
22 |
0.24 |
80 |
* Lead values not included in the silver equivalent calculation,
metallurgical recoveries & net smelter returns are assumed to be 100%
** Previously reported result
Andrew Thomson, the President of Soltoro, reports: ?The
trenching program has defined a gold zone which extends over 825 metres
north-west along the El Rayo structure, effectively extending mineralization 250
metres beyond the historic silver lead resource area. Soltoro has completed 4
drill holes to test these trench results at depth. Results are expected
shortly.?
Please follow link below to view the trench and
drill hole locations in the gold zone:
http://www.soltoro.com/pdf/goldzonerayo.pdf
The
3rd and final phase of the orientation drill program at El Rayo was
carried out to test priority geophysical targets and to test for mineralized
extensions along strike from the historic silver-lead resource area. A total of
5,530 metres were drilled at Rayo in 2007, with 2,228 metres completed in the
final phase. The Company will release the balance of results from the drilling
as soon as all final assay results have been returned.
Assaying of samples was conducted by ALS
Chemex. Silver and other base and trace elements were analyzed using four acid
?near total? digestion with an ME-ICP finish. Gold was assayed using 30gr. fire
assay with AA finish and gravimetric finish for over- limits. 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.
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.