Soltoro Trenching Program at El Rayo Returns 7.5 Metres of 5.3 gpt Gold & 44 Metres of 65 gpt Silver
* Reuters is not responsible for the content in this press release.
TORONTO, ONTARIO, Nov 02 (MARKET WIRE) --
Soltoro Ltd. (TSX: VENTURE:SOL) 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;
1. 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:
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Structure Trench # Interval (m) Ag (gpt)
------------------------------------------------------------
Las Bolas B-T1 14.8 110
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including 12.8 130
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Las Bolas B-T2 14 82
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Las Bolas B-T3 13 46
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Las Bolas B-T4 10 59
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including 8 68
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Las Bolas B-T5 10 73
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including 6 103
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Las Bolas B-T6 8 26
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Las Bolas B-T7 10 55
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A location map along with cross sections of the Las Bolas trenches can
be found at http://www.soltoro.com/pdf/SWLasBolastr2009.pdf
2. 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:
------------------------------------------------------------
Structure Type Interval (m) Au (gpt)
------------------------------------------------------------
El Rayo
Flexture RF-T2 22.5 2.2
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including 7.5 5.4
------------------------------------------------------------
------------------------------------------------------------
El Camino Channel 1.2 0.2
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El Camino Channel 1.3 3.2
------------------------------------------------------------
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El Camino Channel 1.2 4.6
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El Camino Channel 0.8 4.6
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El Camino C-T1 6 0.7
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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.
3. 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:
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Structure Trench # Interval (m) Ag (gpt) Pb %
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Hwy Zone Road Cut 34 65 0.45
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Hwy Zone H-T9 1.5 75 0.2
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Hwy Zone H-T10 19.5 69 1.6
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including 7.5 81 1
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and 4.5 98 0.9
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Hwy Zone H-T10 6 78 1.1
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(down shaft)(1)
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Hwy Zone H-T11 23 66 0.19
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Including 17 71 0.21
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Hwy Zone H-T12 44 65 0.21
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Including(2) 16 95 0.28
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Including(2) 16 61 0.21
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Hwy Zone H-T13 4 57 0.18
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(1) Channel sample taken 10 metres below surface in historic
cross cut
(2) Each 16m interval represents a separate zone
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.
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
Contacts:
Soltoro Ltd.
Andrew Thomson
President
(416) 987-0722
www.soltoro.com
Copyright 2009, Market Wire, All rights reserved.
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