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Soltoro Ltd.

Publié le 05 juin 2007

Commences Deep Drilling on El Rayo Silver Property in Mexico

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Mots clés associés :   Copper | G Mexico |

 

FOR IMMEDIATE RELEASE:
June 5, 2007

SOLTORO COMMENCES DEEP DRILLING ON EL RAYO SILVER PROPERTY IN MEXICO

 

Toronto, Ontario: Soltoro Ltd. (SOL:TSX.V) has started the 3rd phase of diamond drilling on its El Rayo silver/lead/gold project in Jalisco, Mexico. The 3rd phase is designed to test priority airborne geophysical targets. Initial holes will test a geophysical anomaly covering a 1.5 km by 0.5 km area located adjacent to the main El Rayo mineralized structure. Approximately 1,800 metres of core drilling is planned for this phase. Soltoro is investigating the potential for El Rayo to host a bulk tonnage silver lead gold deposit. A total of 26 holes have been drilled to date to complete the 1st and 2nd phase of drilling. All samples from the 2nd phase have been submitted for assay and will be released once all results have been received.

Soltoro President Andrew Thomson reports: The El Rayo property has never been drill tested to depth. Initial drilling will test a 1.5 by 0.5 kilometre airborne geophysical anomaly adjacent to the El Rayo structure. The majority of airborne geophysical anomalies being drill tested are located along the edge of an intrusive complex that extends for 12 kilometres. We are hopeful the geological information generated will also provide us with a better understanding of the relationship between the silver/lead and gold mineralization on the property.

On recommendation of the Companys analytical laboratory, Soltoro elected to re-assay a series of samples from historic mine workings, surface and near surface sites. Initial silver assays were obtained using Aqua Regia sample digestion and new assays were completed utilizing a 4 acid leach digestion process. In general terms, assay results were higher using the new preparation method with significant positive variation in values obtained. Further review of the relationship of 4 acid leach results to the mineralogy of samples will continue. Meanwhile, Soltoro has been using the 4 acid leach process for sample analysis during its current drilling campaign. The following table lists the most significant of the improved sampling results:

 

Location/Zone

Sample Type

Width/ Metres

Aqua Regia Silver gpt

4 Acid Leach

Silver gpt

Silver Change

Lead %

Highway Zone

Surface stockwork

34

35

63

80%

0.47

Matachines Mine

Surface trench 1

10.5

39

78

100%

2.5

Matachines Mine

Including

4.5

69

118

71%

2.9

Matachines Mine

Surface trench 2

7.5

26

42

62%

1.6

Las Bolas Mine

Underground

3

266

312

17%

3.13

Las Bolas Mine

Underground

3

180

211

17%

2.16

 

The 34 metres of 63 gpt silver returned in the highway zone occurs on surface in a parallel structure approximately 500 metres south of the Las Bolas structure. The surface results from the Matachines mine are approximately 660 metres south-west of the Bolas mine on the Bolas structure. Soltoro obtained a core interval of 35.1 metres of 91.6 gpt silver at a 49 metres depth from surface at the Bolas mine (reported on May 4th 2007). A surveyor has been hired to provide a detailed topographic map in order to begin a second round of resource definition drilling.

 

Assaying of samples was conducted by ALS Chemex. Silver and other elements were analyzed using four acid near total digestion with an ME-ICP finish. Mr. William McGuinty, P.Geo, is the Company's qualified person as defined by NI 43-101 and has reviewed the contents of this press release.

 

Soltoro is a junior exploration company active in Mexico with 19,438,600 shares outstanding. The Company is exploring for 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.

Soltoro Ltd.

EXPLORATEUR
CODE : SOL.V
ISIN : CA83437F1053
CUSIP : 84437F
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Soltoro est une société développant des projet miniers d'argent et d'or basée au Canada.

Ses principaux projets en exploration sont QUILA, MARGARITA, VICTORIA, LA TORTUGA, CHINIPAS, SANTUARIO, GAVILAN, COYOTE et EL RAYO au Mexique.

Soltoro est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 23,8 millions CA$ (19,4 millions US$, 17,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 19 décembre 2008 à 0,03 CA$, et son plus haut niveau récent le 05 août 2011 à 1,49 CA$.

Soltoro possède 75 530 000 actions en circulation.

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Rapports annuels de Soltoro Ltd.
2008 Annual Report
Financements de Soltoro Ltd.
20/03/2011Announces Acceleration of Warrant Expiry Date to April 19, 2...
Attributions d'options de Soltoro Ltd.
11/12/2012Grants Options
05/10/2012Grants Options
05/10/2012Grants Options
12/12/2009Issues stock options
09/09/2009APPOINTS ADVISORY BOARD AND ISSUES STOCK OPTIONS
Nominations de Soltoro Ltd.
05/01/2011Adds to Management and Issues Options
Projets de Soltoro Ltd.
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08/05/2013(El Rayo)Discovers New Mineralized Silver Area on the El Rayo Project
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30/05/2011(El Rayo)Adds Second Drill and Intercepts 4.4 Metres of Silver Bearin...
26/04/2011(Victoria)Finalizes Option of Victoria and Coyote Silver Gold Projects...
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20/04/2011(El Rayo)Drills 7 Metres of 1 Kilogram Silver & 6.9 Metres of 527 GPT...
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31/03/2011(El Rayo)Drilling Returns 160 Metres of 47 gpt Silver at El Rayo Prim...
07/03/2011(Victoria)Argentum Silver Options Two Silver-Gold Projects From Soltor...
14/02/2011(El Rayo)Drilling Confirms Mineralization Extends to Surface in Main ...
21/01/2011(El Rayo)Resumes Drilling at El Rayo Primary Silver Project in Mexico
09/12/2009(El Rayo)Resource drilling returns 124.5 metres of 60 gpt silver incl...
02/12/2009(El Rayo)Drilling adds 50 metre depth to oxide gold zone and returns ...
16/11/2009(El Rayo)Drilling adds 50 metre depth to oxide silver zone and return...
02/11/2009(El Rayo)Trenching Program at El Rayo
01/09/2009(El Rayo)ANNOUNCES RESOURCE DRILL PROGRAM AT EL RAYO
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02/12/2008(La Tortuga)AND SUMITOMO COMMENCE DRILL PROGRAM AT LA TORTUGA COPPER GOL...
26/11/2008INTERCEPTS AN AVERAGE GRADE OF 119 GPT SILVER OVER 13 METRES...
27/05/2008(La Tortuga)PROVIDES GEOLOGICAL UPDATE ON LA TORTUGA PROJECT
11/04/2008(La Tortuga)SUMITOMO TO FUND DRILLING OF ADDITIONAL PORPHYRY COPPER GOLD...
21/01/2008(La Tortuga)Sumitomo and Soltoro Commence Drilling on La Tortuga Copper ...
09/11/2007(El Rayo)REPORTS ON JV's WITH SUMITOMO AND SOUTHERN SILVER
12/09/2007(El Rayo)Trenching Defines Significant Gold Zone at El Rayo
27/06/2007(El Rayo)Intercepts 269 gpt Silver Over 12 Metres at El Rayo in Mexic...
Communiqués de Presse de Soltoro Ltd.
10/04/2015Soltoro Ltd. Announces Acquisition by Agnico Eagle Mines Lim...
10/04/2015IIROC Trading Resumption - SOL
10/04/2015Announces Acquisition by Agnico Eagle Mines Limited
10/04/2015IIROC Trading Halt - SOL
05/03/2015Soltoro Completes Panel Sampling Program on Tecolote Project
27/02/2015Soltoro Completes Panel Sampling Program on Tecolote Project
12/01/2015Soltoro Identifies Additional Gold Zone at the El Rayo Proje...
18/11/2014Soltoro Advances Bulk Tonnage Gold Potential at Tecolote Pro...
12/11/2014Soltoro Files Technical Report on the El Rayo Primary Silver...
07/11/2014Soltoro Ltd. Completes $600,000 Financing
20/10/2014Soltoro Appoints Dr. Glen Masterman to Board
29/09/2014Soltoro Reports Revised NI 43-101 Compliant Silver Resource ...
09/09/2014Soltoro Sampling Tecolote Project for Bulk Tonnage Gold Pote...
06/08/2014Gold Reserve Discontinues Option on Soltoro's La Tortuga Pro...
18/07/2014Soltoro Grants Options, Appoints Advisory Board Member and R...
25/06/2014Soltoro Completes Magnetic Surveys at Tecolote and Quila Pro...
12/06/2014Soltoro Receives $150,000 Option Payment from Gold Reserve
26/05/2014Soltoro Trenching Extends El Rayo Gold Zone 70 Metres to Nor...
30/04/2014Soltoro Provides Gold Reserve with 6 Month Work Extension at...
02/04/2014Soltoro Initiates Ground Magnetics & Trenching to Define Gol...
22/10/2013Partner Completes Aeromagnetic Survey and Reports Significan...
26/09/2013Equity/Royalty Partner Extends Strike of El Tajo Vein and Tr...
11/09/2013Expands the Gold Potential of the Tecolote Project in Jalisc...
25/06/2013Underground Sampling Returns 11.57 Metres of 449 GPT Silver,...
17/06/2013Channel Sampling Returns 3 Metres of 14.16 GPT Gold and 308 ...
24/05/2013Equity/Royalty Partner Clarifies and Retracts Previously Iss...
13/05/2013Equity/Royalty Partner Advised of 4-5 Million Ounce Silver P...
01/05/2013(La Tortuga)Gold Reserve Completes $125,000 Option Payment to Soltoro in...
14/11/2012Equity/Royalty Partner Intercepts 2.90 Metres of 499 GPT Sil...
25/10/2012Equity/Royalty Partner Intersects 1.95 Metres of 854 gpt Sil...
18/10/2012Equity/Royalty Partner Intercepts 11 Metres of 288 gpt Silve...
14/09/2012Sampling Returns 5.3 gpt Gold & 40 gpt Silver Over 3.4 Metre...
19/07/2011Closes $4.5M Financing With Coeur d'Alene Mines
12/07/2011Announces $4.5M Financing With Coeur d'Alene Mines
21/06/2011Intercepts Near Surface High-Grade Silver in 4 Drill Holes I...
14/06/2011(El Rayo)Reports NI 43-101 Compliant Silver Resource at the El Rayo P...
17/01/2010$2,100,000 financing
13/01/2010Resent: Vancouver Conference is this Sunday Jan 17th & Monda...
06/11/2009Is Attending the International Precious Metals & Commodities...
07/08/2009TSX Exclusive interview with Soltoro's CEO Andrew Thomson
06/07/2009COMPLETES $1,350,000 FINANCING
26/06/2009CLOSES FIRST TRANCHE OF FINANCING FOR $894,000
06/06/2009ANNOUNCES $750,000 FINANCING
15/05/2009ADVISED OF 16 TO 18M OUNCE SILVER POTENTIAL AT EL RAYO OPEN ...
11/02/2009PARTNER ENDS JOINT VENTURE CITING GLOBAL DOWNTURN
19/09/2008RESOURCE DRILLING PROGRAM INTERCEPTS 90 METRES OF 150 GPT SI...
17/06/2008Begins Resource Definition Drill Program at El Rayo Silver-G...
28/05/2008ACQUIRES COYOTE SILVER-GOLD PROJECT IN JALISCO, MEXICO
06/05/2008RELEASES YEAR ENDED DECEMBER 31, 2007 RESULTS
28/03/2008Receives Notice Southern Silver Proceeding With Second Year ...
28/11/2007COMPLETES ADVANCE ROYALTY PAYMENTS ON PORTION OF EL RAYO PRO...
27/09/2007BEGINS DRILLING ON BACANORA GOLD PROJECT
20/09/2007INTERCEPTS 6 METRES OF 6.08 GPT GOLD & 19.5 METRES OF 187 GP...
23/08/2007Releases 2007 Q2 Results
05/06/2007Commences Deep Drilling on El Rayo Silver Property in Mexico
31/05/2007Releases 2007 Q1 results
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TSX-V (SOL.V)FRANKFURT (3VE.F)
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