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Soltoro Ltd.

Publié le 09 décembre 2009

Resource drilling returns 124.5 metres of 60 gpt silver including 34.5 metres of 125 gpt silver at t

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Mots clés associés :   Copper | G Mexico |

Soltoro resource drilling returns 124.5 metres of 60 gpt silver including
34.5 metres of 125 gpt silver at the El Rayo Project

December 9, 2009 - Soltoro Ltd. (SOL-TSX:V) has resumed resource drilling of the Las Bolas structure at the El Rayo Silver Gold Lead Project in Jalisco State, Mexico. Resource drilling is underway along a 1 kilometre long portion of the Las Bolas structure focused on defining a NI 43-101 compliant silver resource. In 2008, a 650 metre section of the Bolas structure was tested to a 100 metre depth which returned an independent target deposit calculation of 16 to 18 million ounces silver grading between 100 to 117 gpt silver using a cut off grade range between 40 to 60 gpt silver (GeoVector/2009). Current drilling is designed to increase the size of the deposit down dip and along strike in both directions. At the El Rayo property, over 5 kilometres of mineralized strike length has been defined within the V-shaped El Rayo and Las Bolas structures. A 5,300 metre reverse circulation drill program is being completed with further resource drilling underway at the Las Bolas structure and testing of the Highway Zone, an offset structure at the juncture of the V, to be completed at the end of the program.

In the current program, a total of 15 drill holes have been completed along the Las Bolas structure with assays received on 4 drill holes to date. Assays from the first two deep holes confirmed oxide silver mineralization occurs to a 200 metres depth from surface. The Company has received assays on an additional 2 holes confirming oxide silver mineralization continues at depth along the structure. Updated surface mapping has identified the presence of mineralized subparallel veining at surface where drilling continues to define new mineralized zones further up in the holes.  Results from the most recent two holes completed were as follows:


Andrew Thomson, President and Chief Executive Officer, stated: "Current drilling has intersected subparallel silver veins above the main target structure thereby providing greater mineralized widths. The deposit being defined at Las Bolas is a primary silver deposit with the potential to host significant tonnage along strike and at depth.�

At Las Bolas, the Company has completed resource drilling of 3 new section lines of 8 holes to the southwest and has moved the drill to the north-east where a further 2 section lines of 6 holes are planned. Consideration is being given to adding further sections lines along the Las Bolas structure in order to attempt to define a greater NI 43-101 silver resource. Soltoro plans on completing four drill holes at the Highway Zone before any new sections are added along the Las Bolas structure.

GeoVector of Nepean, Ontario conducted the independent assessment of the deposit and provided the target deposit calculation for the Las Bolas area. The reader should be cautioned that the potential quantities and grades reflected in the target deposit potential calculation are conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.(see May 15, 2009 / NR51).

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. Terry Bottrill, P.Eng.., a consultant and member of the advisory board 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, M.Sc., Vice President, Exploration.

Soltoro is a junior exploration company exploring for bulk tonnage gold, silver and copper deposits in Mexico. The Company is conducting a resource definition drill program on its El Rayo silver-gold-lead project; has a significant joint-venture partner working on its Quila project where drilling is planned in 2009; and is advancing its Chinipas and El Santuario gold projects. Soltoro has 28,083,650 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL.


FOR FURTHER INFORMATION PLEASE CONTACT:?
Andrew Thomson, President ?
Phone: (416) 987-0722 or visit www.soltoro.com.

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

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.
12/01/2015(El Rayo)Identifies Additional Gold Zone at the El Rayo Project
24/07/2013(El Rayo)Discovers Talayote Gold Zone With Up to 11.4 gpt Gold at the...
08/05/2013(El Rayo)Discovers New Mineralized Silver Area on the El Rayo Project
05/06/2011(Chinipas)Initiates Drill Program at Chinipas Gold Property in Chihuah...
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...
26/04/2011(Coyote)Finalizes Option of Victoria and Coyote Silver Gold Projects...
20/04/2011(El Rayo)Drills 7 Metres of 1 Kilogram Silver & 6.9 Metres of 527 GPT...
11/04/2011(El Rayo)Trenching Returns 19.5 Metres of 194 gpt Silver at El Rayo P...
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
03/03/2009(Quila)GOLD DISCOVERY ANNOUNCED WITHIN SOLTORO'S QUILA CLAIM CURREN...
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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