Soltoro Drilling Intercepts 64 Metres of 106 gpt Silver Equivalent Including 6.15 Metres of 543 gpt Silver Equivalent in Deep...
03 Marzo 2013 - 8:00AM
Marketwired Canada
Soltoro Ltd. (TSX VENTURE:SOL) has completed six additional diamond drill holes
at the El Rayo primary silver project in Jalisco, Mexico to test for sulphide
mineralization at depth below the known Las Bolas deposit. Results have been
received from four holes to date. On January 18, 2013, Soltoro announced results
from drill hole Ray 12-152 which intersected 91.3 metres of 129 g/t silver
equivalent including 11.2 metres of massive sulphide mineralization grading 537
g/t silver equivalent encountered at the base of the hole. The four holes
drilled along strike from hole RAY12-152 at 50 metre spacings all encountered
sulphide mineralization extending the deep sulphide zone 200 metres along strike
(Ray13-158 is pending). Ray13-155 is a step-out hole drilled below Ray12-152.
Results are as follows:
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STYLE ESTIMATED
OF TRUE AgEq
DEPOSIT MINERALIZ- DRILL WIDTH(1) Ag Au Pb (2)
AREA: ATION: HOLE: FROM: TO: (m) (g/t) (g/t) (%) (g/t)
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Las Bolas less
Quartz RAY13- than
stockwork 153(3) 75.30 76.50 1.05 213 0.01 0.01 213
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less
than
85.50 97.50 10.40 42 0.01 0.07 44
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less
than
103.50 148.50 38.95 37 0.01 0.03 38
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less
than
195.00 212.50 15.15 38 0.01 0.02 38
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Stockwork
&
sulphides 268.50 294.00 22.10 93 0.02 0.95 117
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including 275.80 289.50 11.85 149 0.03 1.69 191
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including 279.00 284.15 4.45 295 0.08 4.20 399
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Sulphides including 279.60 280.60 0.85 1,085 0.23 8.12 1,290
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less
Quartz than
stockwork 300.00 321.00 18.20 24 0.01 0.06 25
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Las Bolas less
Quartz RAY13- than
stockwork 154(4) 183.00 184.50 1.30 95 0.01 0.02 95
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Stockwork
&
sulphides 249.00 307.20 50.40 56 0.01 0.28 63
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including 265.60 294.00 24.60 76 0.02 0.46 88
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including 277.50 287.30 8.50 100 0.04 0.68 118
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Sulphides including 285.60 287.30 1.45 231 0.13 2.12 288
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Las Bolas less
Quartz RAY13- than
stockwork 155(5) 312.00 388.80 57.05 52 0.01 0.14 55
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including 326.90 358.00 23.10 72 0.01 0.22 78
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including 346.55 350.10 2.65 95 0.02 0.34 104
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Las Bolas Stockwork
& RAY13-
sulphides 156(6) 285.50 360.00 64.50 79 0.02 1.08 106
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including 298.30 329.60 27.10 149 0.04 2.21 203
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Sulphides including 322.50 329.60 6.15 330 0.16 8.63 543
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including 325.70 328.40 2.35 669 0.2816.28 1,069
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(1) Estimated true width is based on an assumed dip for mineralization of 60
degrees.
(2) AgEq - Silver equivalent includes Au, Ag and Pb and excludes Cu & Zn.
Assuming 100% metallurgical recovery, pricing is as follows:
Au - US$1,600/oz.; Ag - US$29.00/oz.; Pb - US$1.00/lb.
(3) Overall recovery for the intervals 268.50 m to 294.00 m was 93% and the
recovery for the interval 300.00 m to 321.00 m was 62%. Recovery
for the interval 287.70 m to 291.00 m was 51%.
(4) Overall recoveries for the intervals 249.00 m to 307.20 m was 68% and
29% for the interval 267.0 m to 285.0 m including recovery of 5% for
the interval 295.50 m to 303.00 m. No core was recovered from the intervals
268.55 m to 270.00 m and 297.00 m to 298.50 m. These
intervals were included in the weighted average at 0 g/t Ag.
(5) Overall recovery for the interval 312.55 m to 388.80 m was 78%. Recovery
for the interval 337.40 m to 352.70 m was 39%, for the interval
354.65 m to 362.20 m was 49% and the interval 366.00 m to 370.50 m was 52%.
Recovery for the interval 346.55 m to 347.55 m was 5%.
(6) Overall recovery for the interval 285.50 m to 360.00 m was 58%. Recovery
for the interval 309.00 m to 318.00 m was 30% and the interval
321.00 m to 329.60 m was 32%. Recovery for the interval 327.00 m to 328.40
m was 50%.
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Soltoro has
extended sulphide mineralization over 200 metres along strike below the Las
Bolas deposit. Mineralization remains open along strike in both directions and
at depth. This represents an exciting new target type for Soltoro and presents
an opportunity to continue to build the silver resource with high-grade
mineralization."
A drill location map and sections may be viewed at:
http://www.soltoro.com/projects/pdf/NR146maps.pdf.
RAY12-152 and the four holes drilled along strike and the step-out hole
completed in this area were located on the basis of a new structural and
geochemical interpretation, which lead to the identification of a series of
fault blocks that allowed a tentative quantification of relative fault movement.
RAY12-152 was the first drill hole intended to intersect deep mineralization
that had been brought closer to the surface through faulting. Sulphide
mineralization has now been intersected in all four holes drilled along strike
demonstrating continuity for 200 metres. Results for drill hole RAY13-158
drilled 50 metres north of Ray12-152 are still pending however sulphide
mineralization has been confirmed visually. Infill drilling will be required on
some sections to bring the Las Bolas sulphide mineralization into the resource.
Hole RAY13-155 was drilled below hole RAY12-152 and did not intersect a sulphide
zone but sulphide fragments are present in a fault zone suggesting that
sulphides were originally present but have been removed in this area due to
faulting. Sulphides remain open along strike in both directions and at depth.
Hole RAY13-157 was drilled at the south end of the Las Bolas structure in the
Matachines area to test the down-dip extension of sulphide mineralization
intersected in hole Ray11-65. Sulphides in this area are different in character
from those in to the north and the relationship between the two zones is not
well understood. Results are pending.
Assaying is done 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, lead overlimits were analyzed
using volumetric titration. Mr. Steven T. Priesmeyer, C.P.G., Vice President
Exploration for Soltoro Ltd. and 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. Soltoro holds an interest in an excess of 55,000 hectares of ground in
Jalisco State. Soltoro is focused on expanding silver resources at the El Rayo
silver project while seeking partners to advance the balance of its projects.
Soltoro holds 15% of the common shares of Argentum Silver Corp. and a 3% N.S.R.
payable to Soltoro on the Victoria and Coyote properties. Soltoro's La Tortuga
project has been optioned to Gold Reserve Inc. Soltoro has 59,783,037 shares
outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur
d'Alene Mines Corp. holds 4.5 million shares of Soltoro Ltd.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Soltoro Ltd.
Andrew Thomson
President
(416) 987-0722
www.soltoro.com
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