TORONTO, ONTARIO--(Marketwired - Nov. 18, 2014) - Soltoro Ltd. (TSX VENTURE:SOL) continues to advance its understanding of the bulk tonnage gold potential on its 100%-owned Tecolote gold project located in Jalisco, Mexico. The Tecolote Project lies within the Guachinango District, which includes Soltoro's El Rayo Primary Silver Project and the El Barqueno Gold Project recently acquired by Agnico Eagle Mines Limited. Tecolote and El Rayo lie within a broad northwest-trending belt of gold-silver mining districts that also includes Endeavour Silver's San Sebastian Project.
Soltoro has identified several zones with the potential to host bulk tonnage gold mineralization. These include broad areas of clay alteration, as well as areas of northeast-trending quartz-hematite stockwork and breccia. The clay alteration zones are related to felsic intrusive centers and are controlled by the intersections of a northeast-trending structural zone, extending onto the El Barqueno property to the southwest, with secondary northwest-trending structures. A detailed panel sampling program (large volume samples) has been completed to identify bulk tonnage gold targets for drilling.
Results from 284 panel samples collected from seven target zones indicate the presence of anomalous gold in three zones: Cerro Colorado, San Eusebio and Veta Grande. Gold values in these areas range from below detection limit up to 477 ppb gold (0.477 g/t gold). In the Cerro Colorado area 15 panel samples returned greater than 10 ppb gold with a maximum of 477 ppb gold. In the San Eusebio and Veta Grande areas, which are related to the Tecolote dome, seven panel samples returned greater than 10 ppb gold with a maximum of 434 ppb gold. Anomalous gold is associated with sporadic, low-level anomalies in copper, silver, bismuth and molybdenum in the San Eusebio and Veta Grande areas and with lead, zinc, arsenic, copper, silver and barium in the Cerro Colorado area. Prior vein sampling in these three zones returned 1.09 g/t gold over 0.85 m at Cerro Colorado, 5.7 g/t gold and 48 g/t silver over 1.00 metre at San Eusebio and 1.9 g/t gold and 21 g/t silver over 6.00 metres at Veta Grande.
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Soltoro's panel sampling program has identified anomalous gold values within the Cerro Colorado, San Eusebio and Veta Grande zones at Tecolote. A follow up sampling program is being designed to further assess these targets. A trenching program will also be initiated to extend the known mineralization of the high-grade Carmelita vein."
High-grade vein targets are also present at Tecolote. Prior Soltoro sampling of the Carmelita vein returned 14.2 g/t gold and 308 g/t silver over 3.0 metres including 27.7 g/t gold and 671 g/t silver over 0.7 metres in addition to 24.0 g/t gold and 333 g/t silver over 0.8 metres, 12.5 g/t gold and 512 g/t silver over 0.7 metres and 8.0 g/t gold and 172 g/t silver over 1.1 metres. The Carmelita vein has been traced for over 100 metres along strike at surface where soil sampling suggests that the vein may continue further to the east.
Maps showing regional structures, intrusive centers and alteration zones may be viewed at:
http://www.soltoro.com/projects/pdf/NR174maps.pdfQUALIFIED 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. Analytical work is performed by ALS-Chemex. Samples are submitted to the ALS sample preparation facility in Guadalajara and pulps are shipped by ALS to their laboratory in Vancouver, B.C. for analysis. 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 a 3% N.S.R. payable on Argentum Silver's Victoria and Coyote properties. Soltoro has 75,533,037 common shares 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.