TORONTO, ONTARIO--(Marketwire - April 11, 2011) - Soltoro Ltd. (News - Market indicators) has completed 22 trenches along the newly identified Soledad structure at the El Rayo primary silver project. The Soledad structure is located southwest of the Las Bolas structure, where Soltoro has outlined a NI 43-101 compliant silver resource, and north of the sub-parallel Catarina structure, which was mined by the Spaniards beginning in the 1500's. The Soledad structure is covered by one to three metres of overburden and has been traced over 400 metres of strike length through trenching and float mapping. Twelve of the trenches returned mineralized intervals as follows:
Trench |
From |
To |
Length |
Silver |
Number |
(m) |
(m) |
(m) |
g/t |
Sol-2 |
4.5 |
6.0 |
1.5 |
72 |
Sol-4 |
28.5 |
31.5 |
3.0 |
148 |
|
42.0 |
55.0 |
15.8 |
57 |
including |
51.0 |
55.5 |
4.5 |
79 |
Sol-5 |
0 |
12.0 |
12.0 |
74 |
including |
4.5 |
9.0 |
4.5 |
121 |
Sol-8 |
3.0 |
22.5 |
19.5 |
194 |
including |
6.0 |
12.0 |
6.0 |
286 |
Sol-10 |
4.5 |
7.5 |
3.0 |
47 |
Sol-11 |
0 |
4.5 |
4.5 |
60 |
Sol-12 |
0 |
3.0 |
3.0 |
589 |
Sol-15 |
14.0 |
20.0 |
6.0 |
51 |
Sol-17 |
4.5 |
7.5 |
3.0 |
51 |
Sol-20 |
0 |
10.5 |
10.5 |
67 |
including |
1.5 |
7.5 |
6.0 |
88 |
Sol-21 |
19.5 |
21.0 |
1.5 |
47 |
Sol-22 |
7.5 |
15.0 |
7.5 |
37 |
A location map of the Soledad trench locations may be viewed at: http://www.soltoro.com/projects/pdf/trSoledad.pdf
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Drilling is underway to investigate the tonnage potential of the Soledad structure. The relationship between the Soledad and Las Bolas structures in unknown at this time but the recently identified Soledad structure, as well as the projected intersections of the two structures, represent exciting new drill targets."
Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Gold was analyzed
using a 30g fire assay with AA finish while the silver is analyzed using a four acid "near total" digestion package. Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro Mexico is a qualified person as defined by NI 43-101 has reviewed and approved the contents of this press release.
About Soltoro:
Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. The Company continues to expand the existing NI 43-101 compliant primary silver resource on its El Rayo project. Soltoro has optioned a portion of its Quila claim to Timmins Gold Corp., optioned its Victoria and Coyote claims to Argentum Silver Corp. and is actively advancing its La Tortuga, Chinipas, El Santuario and Peña Grande projects. Soltoro has 47,658,629 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.