Mr. Andrew Thomson reports
SOLTORO INTERCEPTS 18 METRES OF 161 G/T SILVER INCLUDING 4.5 METRES OF 378 G/T SILVER IN DISCOVERY ZONE AT EL RAYO PROJECT
Soltoro Ltd. has completed in excess of 10,000 metres of this year's planned 20,000-metre drill program at its El Rayo primary silver project in Jalisco, Mexico. Results from the latest round of drilling include high-grade silver intercepts of 1.2 metres of 706 grams per tonne silver at the La Soledad West deposit and 4.5 metres of 378 grams per tonne silver in a newly discovered zone east of the Matachines mine at the south end of the Las Bolas structure. Drilling continues in order to expand existing silver resources along extensions of known resource areas and at newly identified prospective exploration target areas.
La Soledad West area
A total of 16 diamond drill holes and four reverse circulation holes were completed in this area. Drilling tested the western extension of the La Soledad deposit and several induced polarization anomalies. Further diamond drilling is planned to test the resource potential of the La Soledad West deposit at depth. Selected results are shown in the attached table.
Target area Drill hole(1) From To Width (2) Ag
(m) (m) (m) (g/t)
La Soledad Western shoot Ray12-122 111.4 112.9 1.5 45
187.7 192.25 4.55 13
La Soledad Western shoot Ray12-125 129.3 130.5 1.2 147
142.5 144.8 2.3 391
including 142.5 143.7 1.2 706
La Soledad West
extension Ray12-133 131.0 132.0 1.0 330
La Soledad West
extension Ray12-134 91.5 93.0 1.5 21
La Soledad West
extension Ray12-135 94.3 95.9 1.6 90
La Soledad West
extension Ray12-137 267.0 268.4 1.4 168
including 267.85 268.4 0.55 283
La Soledad West
extension Ray12-140 246.4 247.2 0.8 85
La Soledad Central shoot
IP anomaly J Ray12-139 (3) 0.0 16.5 16.5 41
including 7.5 16.5 9.0 49
La Soledad IP anomaly F RC12-145 120.0 121.5 1.5 280
Notes:
(1) Ray equals diamond drill, RC equals reverse circulation drill; Ray12-126
through Ray12-132, Ray12-136, Ray12-146, Ray12-147, RC12-144, RC12-146 and
RC12-147 contained no significant values. Results from holes Ray12-142 and
Ray12-143 are pending.
(2) All widths are reported as drilled width.
(3) Overall recovery for this interval was 75 per cent. Recovery for the
interval 0.3 metre to three metres was 42 per cent and 12 metres to
13.5 metres was 40 per cent.
Andrew Thomson, president of Soltoro Ltd., stated: "The discovery of a new near-surface, high-grade silver zone east of the Las Bolas deposit and northeast of the La Soledad deposit is another indication of the potential to expand the current silver resource base at El Rayo. Two drill rigs continue to operate on the property."
Matachines East
A total of four diamond drill holes and two reverse circulation holes were completed in this area. Drilling tested the Las Bolas structure and a silver soil anomaly 200 metres east of the Matachines mine area. RC12-149 intersected a new, previously unknown, high-grade silver structure. Further drilling is under way to determine the extent of the mineralization. Results are shown in the attached table.
Target area Drill hole (1) From To Width (2) Pb Au Ag
(m) (m) (m) (%) (g/t) (g/t)
Matachines Ray11-119 1.5 10.5 9.0 1.56 0.19 29
18.0 19.5 1.5 2.81 0.25 99
28.5 33.0 4.5 0.55 0.04 35
Matachines Ray12-138 70.5 76.5 6.0 1.51 0.11 39
including 70.5 73.5 3.0 2.46 0.20 48
Matachines East RC12-148 94.5 97.5 3.0 - - 36
Matachines East RC12-149 46.5 64.5 18.0 - - 161
49.5 63.0 13.5 - - 205
55.5 60.0 4.5 - - 378
Notes:
(1) Ray equals diamond drill; RC equals reverse circulation drill; Ray12-120 and
Ray12-141 contained no significant values.
(2) All widths are reported as drilled widths.
Piedras Amarillas area
A total of 15 reverse circulation holes were completed in this area. Drilling tested a series of silver soil and induced polarization anomalies. Further drilling is planned. Results are shown in the attached table.
Target area Drill hole (1) From To Width (2) Ag
(m) (m) (m) (g/t)
Piedras Amarillas West RC12-120 54.0 64.5 10.5 38
including 58.5 63.0 4.5 59
138.0 139.5 1.5 52
Piedras Amarillas West RC12-121 15.0 25.5 10.5 33
Piedras Amarillas West RC12-122 48.0 52.5 4.5 33
Piedras Amarillas West RC12-123 88.5 99.0 10.5 32
including 88.5 91.5 3.0 55
Piedras Amarillas West RC12-124 202.5 204.0 1.5 56
Piedras Amarillas West RC12-125 130.5 132.0 1.5 32
Piedras Amarillas West RC12-126 90.0 93.0 3.0 23
Piedras Amarillas West RC12-128 24.0 25.5 1.5 29
Piedras Amarillas East RC12-130 21.0 24.0 3.0 25
31.5 39.0 7.5 54
including 33.0 34.5 1.5 151
Piedras Amarillas East RC12-133 37.5 40.5 3.0 26
Piedras Amarillas East RC12-134 48.0 51.0 3.0 25
55.5 60.0 4.5 27
Notes:
(1) Ray equals diamond drill, RC equals reverse circulation drill; Ray12-127,
Ray12-129, Ray12-131 and Ray12-132 contained no significant values.
(2) All widths are reported as drilled widths.
Highway zone extension southwest
Two diamond drill holes were completed in this area. Drilling tested mineralization below the historic Aquacero mine. Drilling failed to intercept any significant mineralization.
Target area Drill hole (1) From To Width (2) Ag
(m) (m) (m) (g/t)
Aguacero Ray12-121 111.7 113.8 2.1 16
190.5 193.5 3.0 27
Aguacero Ray12-123 44.2 54.9 10.7 4
Notes:
(1) Ray equals diamond drill, RC equals reverse circulation drill.
(2) All widths are reported as drilled widths.
Mesa Colorada
Two reverse circulation holes were completed in this area. Drilling tested a ground magnetic anomaly and associated colour soil anomaly. Drilling failed to intercept significant mineralization.
A drill hole location map and sections of the newly drilled holes from the Soledad structure may be viewed at the company's website.
Assaying from this program was completed by ALS Chemex through its office in Guadalajara, Mexico. Gold was analyzed using a 30-gram fire assay with AA finish while the silver is analyzed using a four-acid, near-total digestion package. Steven T. Priesmeyer, CPG, vice-president of exploration for Soltoro and a qualified person, as defined by National Instrument 43-101, has reviewed and approved the contents of this press release. Field supervision of the El Rayo project is provided by Patrick Toth, PGeo, vice-president of operations, Soltoro Mexico.
We seek Safe Harbor.
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