Soltoro Discovers Talayote Gold Zone With Up to 11.4 gpt Gold at the El Rayo Project in Jalisco State, Mexico

V.SOL
Soltoro Discovers Talayote Gold Zone With Up to 11.4 gpt Gold at the El Rayo Project in Jalisco State, Mexico

Marketwire

Soltoro Discovers Talayote Gold Zone With Up to 11.4 gpt Gold at the El Rayo Project in Jalisco State, Mexico

TORONTO, ONTARIO--(Marketwired - July 24, 2013) - Soltoro Ltd. (TSX VENTURE:SOL) has discovered the previously unknown Talayote gold zone as part of its ongoing regional mapping and sampling program. Soil sampling detected several isolated gold anomalies in the area and follow-up geologic mapping and rock sampling revealed a series of northwest-trending quartz veins. Veins in the Talayote area are similar in orientation to those in the El Rayo gold deposit, located approximately 1.5 kilometres to the southeast. Thirty-two samples have been collected from the Talayote area to date. Select sample results are as follows:

TARGET AREA   SAMPLE TYPE   WIDTH1   Au   Ag
        (m)   (g/t)   (g/t)
Talayote   Chip-Channel   0.30   2.52   23
Talayote   Chip-Channel   0.60   2.02   6
Talayote   Chip-Channel   0.60   2.98   15
Talayote   Chip-Channel   0.20   1.50   14
    Chip-Channel   2.30   2.18   2
Talayote                
    Including   0.50   11.40   6
La Crucesita   Chip-Channel   0.40   7.77   26
La Crucesita   Chip-Channel   0.30   1.20   14

1Samples are reported as sampled widths.

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Soltoro continues to discover new mineralized zones at El Rayo as part of its regional mapping and sampling programs. The newly identified Talayote gold zone represents a series of high-grade gold veins sub-parallel to the El Rayo gold zone. Trenching and further sampling is required to define drill targets."

Mineralization in the Talayote area consists of a series of northwest-trending quartz veins dipping steeply to the northeast. Host rocks are andesite and basalt flows and tuffs similar to the El Rayo and Las Bolas deposits elsewhere on the Property. At this time it is unclear whether these vein systems represent displaced segments of the northwest- trending El Rayo structure or whether they are separate en echelon vein systems. The El Rayo gold deposit contains an Indicated resource of 22,600 ounces gold (380,000 tonnes averaging 1.85 g/t gold) and an Inferred resource of 18,900 ounces gold (365,000 tonnes averaging 1.61 g/t gold).

A location and sample area maps may be viewed at: http://www.soltoro.com/projects/pdf/NR154maps.pdf.

Assaying is done by ALS-Chemex through their facility in Guadalajara, Mexico. Gold was analyzed using a 30 g 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.

Soltoro is engaged in exploration for gold and silver deposits in Mexico. Soltoro holds in excess of 41,000 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 59,783,037 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur Mines Inc. holds 4.5 million shares of Soltoro Ltd.

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 Thomson
President
(416) 987-0722
www.soltoro.com


Rate this press release
0 stars
v
Usefulness

Clarity

Credibility
Add to favourites icon Add to favourites

top
top