Soltoro Trenching Extends El Rayo Gold Zone 70 Metres to North and Returns 24 Metres of 2.09 gpt Gold
26 Mayo 2014 - 6:30AM
Marketwired
Soltoro Trenching Extends El Rayo Gold Zone 70 Metres to North and
Returns 24 Metres of 2.09 gpt Gold
TORONTO, ONTARIO--(Marketwired - May 26, 2014) - Soltoro Ltd.
(TSX-VENTURE:SOL) has been conducting trenching northwest of the El
Rayo gold zone which has extended mineralization by approximately
70 metres along strike at surface. This represents approximately a
10% increase in the strike length of known mineralization in the El
Rayo gold zone.
In April of 2014, detailed mapping and ground magnetics were
completed north and northwest of trench ERY-13 (16.97 metres of
3.45 g/t gold in NR162 dated April 12, 2014) in order to locate the
strike extension of the El Rayo gold zone. On the basis of this
work, three trenches were completed with the best result coming
from trench ERY-19, which returned 24.00 metres of 2.09 g/t gold
where mineralization remains open in both directions. Results from
all three trenches are as follows:
TARGET AREA |
SAMPLE TYPE1 |
|
TRENCH |
|
FROM: (m) |
|
TO: (m) |
|
WIDTH2 (m) |
|
Au (g/t) |
El Rayo Gold Zone N |
Chip-Channel |
|
ERY-18 |
|
11.60 |
|
24.00 |
|
12.40 |
|
0.29 |
El Rayo Gold Zone N |
Chip-Channel |
|
ERY-19 |
|
0.00 |
|
24.00 |
|
24.00 |
|
2.09 |
|
including |
|
ERY-19 |
|
7.10 |
|
21.20 |
|
14.10 |
|
2.74 |
|
including |
|
ERY-19 |
|
16.10 |
|
21.20 |
|
5.10 |
|
3.98 |
El Rayo Gold Zone N |
Chip-Channel |
|
ERY-20 |
|
0.00 |
|
15.60 |
|
15.60 |
|
0.79 |
|
including |
|
ERY-20 |
|
4.20 |
|
6.30 |
|
2.10 |
|
1.38 |
|
including |
|
ERY-20 |
|
8.10 |
|
10.90 |
|
2.80 |
|
1.19 |
1 |
Channel samples are continuous samples cut with a portable rock saw
while chip-channel samples are continuous samples taken with a rock
hammer and chisel. |
2 |
Widths are reported as sampled widths. |
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated:
"Trenching has extended the gold zone 70 metres to the north where
a series of faults intersects the mineralized structure. Further
trenching will be carried out to locate mineralization northwest of
the offsetting fault zone and to extend the length of trench ERY-19
where mineralization remains open in both directions."
The lack of outcrop and series of cross-cutting faults in the
recently trenched north end of the El Rayo gold zone would suggest
that gold mineralization in this portion of the El Rayo structure
is controlled by a flexure in the primary northwest-trending
structure or by the intersection of this structure with a more
northerly-trending fault zone. Drilling in this area has not
confirmed the extension of mineralization at depth but this may be
the result of fault gaps created by post-mineral faulting.
Additional drilling will be required to determine the extent of the
newly identified gold mineralization at depth.
Detailed ground magnetics also suggest that the El Rayo gold
zone structure may be offset a few tens of meters to the southwest
along a northeast-trending fault located between trenches ERY-18
and ERY-19. Soltoro will continue exploring in this area in an
effort to locate the offset portion of the El Rayo gold zone
structure.
A claims location map and trenching results map may be viewed
at: http://www.soltoro.com/projects/pdf/NR164maps.pdf
INITIAL GOLD
RESOURCE AT EL RAYO
At El Rayo an initial gold resource of 22,600 Indicated ounces
of gold contained in 380,000 tonnes averaging 1.85 g/t gold and
18,900 Inferred ounces gold contained in 365,000 tonnes averaging
1.61 g/t gold has been defined over approximately 700 metres of
strike length in proximity to the historic El Rayo gold mine. The
historic El Rayo gold mine lies along the same northwest-trending
structure that also controls silver-lead mineralization at the
historic Catarina Mine.
QUALIFIED PERSONS
Mr. Steven T. Priesmeyer, C.P.G., is Vice President Exploration
for Soltoro Ltd. He is a qualified person as defined by NI 43-101
and he has reviewed the geological contents of this press release.
Assays reported for exploration results were completed by ALS
Geochemistry through their office in Guadalajara, Mexico.
Analytical procedures include a 33 element ICP-AES analysis
(ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays
exceeding 100 g/t are re-assayed by HCL leach with an ICP-AES or
AAS finish (OG62).
ABOUT SOLTORO
Soltoro is engaged in exploration for gold and silver deposits
in Mexico. Soltoro holds in excess of 30,000 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. with a 3% N.S.R. payable on Argentum Silver's
Victoria and Coyote properties. Soltoro's La Tortuga project is
under option to Gold Reserve Inc. Soltoro has 69,533,037 common
share issued and outstanding and trades on the TSX Venture Exchange
under the symbol "SOL".
Neither the 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. 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.
Soltoro Ltd.Andrew ThomsonPresident(416)
987-0722www.soltoro.com
(TSXV:SOL)
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