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Soltoro Ltd.

Publié le 02 novembre 2009

Trenching Program at El Rayo

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Mots clés associés :   Copper | G Mexico |

SOLTORO TRENCHING PROGRAM AT EL RAYO RETURNS 7.5 METRES OF 5.3 GPT GOLD & 44 METRES OF 65 GPT SILVER.

November 2, 2009 - Soltoro Ltd. (SOL-TSX:V) is conducting ongoing trenching programs to expand surface mineralization at the El Rayo Silver Gold Lead Project in Jalisco State, Mexico. At El Rayo, over 5 km�s of mineralized strike length has been defined within the El Rayo and Las Bolas V shaped structures. A 5,300 metre reverse circulation drill program is currently underway to test these structures and the Highway Zone, an offset structure at the juncture of the V, which has never been drill tested. Trenching to date was carried out on portions of the Las Bolas, the El Rayo and the Highway Zone structures.

Andrew Thomson, President and Chief Executive Officer, stated: "Trenching programs continue to define significant gold and silver mineralization along the structures currently being drill tested. Drill testing of the gold flexure, within the El Rayo structure, is underway where surface trenching returned 7.5 metres of 5.3 gpt gold. Soltoro has also planned to increase the number of drill holes in the yet to be tested Highway Zone where 400 metres of mineralized strike length has been defined.�

Select trench results and drill activity in the 3 zones being explored, are summarized below;

Las Bolas Silver Zone: Two deep holes have been completed to test mineralization up to a 200 metre depth. A further 23 holes are planned in this zone after receipt of results from the first two deep holes have been compiled. Drilling of a kilometre long portion of the Las Bolas structure is focused on defining a NI 43-101 compliant silver resource. Seven new trenches were completed south-west of the Las Bolas mine to establish surface mineralization which will be used in the NI 43-101 resource calculation:


A location map along with cross sections of the Las Bolas trenches can be found at:
http://www.soltoro.com/pdf/SWLasBolastr2009.pdf

El Rayo Gold Zone: Drilling is underway on a 300 metre long section of a gold flexure at the north-west end of a 1,065 metre long gold zone. Two trenches were completed within the flexure zone where the second trench successfully located the main vein which returned 22.5 metres of 2.2 gpt gold. In addition, a regional program designed to test the El Camino gold bearing structure roughly 900 metres south south-west and trending sub-parallel to the El Rayo structure was also completed and returned the following results:


A location map showing trench values along the El Rayo structure (including 2007 results), 2009 drill pad locations and the location of the El Camino vein can be found at http://www.soltoro.com/pdf/ElRayotr2009.pdf

Highway Silver Zone: Trenching was also carried out at the Highway Zone, located at the junction of the V shaped Las Bolas and El Rayo structures. During the program, 13 new trenches were completed over the hill west of the Highway Zone road cut where two historic underground mines were located.  Highlights of the program are presented in the table below to include prior sampling carried out along the road cut and additional trenching carried out to extend trench 12:


The mineralized trenches completed to date at the Highway Zone cover a strike of approximately 400 metres. This zone has never seen drilling and four holes are planned to test below the old shafts and trench 12 at depth. A location map showing the Highway Zone trenches and values can be found at http://www.soltoro.com/pdf/HwyZtr2009.pdf

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. 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. 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 27,448,650 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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2008 Annual Report
Financements de Soltoro Ltd.
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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
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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...
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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
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10/04/2015Announces Acquisition by Agnico Eagle Mines Limited
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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
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06/08/2014Gold Reserve Discontinues Option on Soltoro's La Tortuga Pro...
18/07/2014Soltoro Grants Options, Appoints Advisory Board Member and R...
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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...
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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
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17/06/2008Begins Resource Definition Drill Program at El Rayo Silver-G...
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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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