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Soltoro and Argentum Silver Drilling Intercepts 5.2 Metres of 438 g/t Silver

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Soltoro and Argentum Silver Drilling Intercepts 5.2 Metres of 438 g/t Silver

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Including 2 Metres of 899 g/t Silver at Coyote Project in Jalisco State, Mexico
 

 

Soltoro Ltd. (TSX VENTURE:SOL) and Argentum Silver Corp. (TSX VENTURE:ASL) announce assay results from eight additional diamond drill holes recently completed on the El Tajo and Bocancha veins at the Coyote silver gold property, located in Jalisco State, Mexico.

Highlights include 5.2 metres of 438 g/t silver from hole 2012-23 including 2.0 metres of 899 g/t silver. Hole 2012-22 also intersected a second, shallower vein grading 1.0 metre of 424 g/t silver. Highlights of the El Tajo and Bocancha drill holes are as follows:

 

 

----------------------------------------------------------------------------
                                           DRILL                            
HOLE                     FROM      TO      WIDTH SILVER   GOLD   LEAD   ZINC
ID(i)            VEIN     (m)     (m)    (m)(ii)  (g/t)  (g/t)    (%)    (%)
----------------------------------------------------------------------------
2012-10       EL TAJO   106.0   107.0        1.0    142   0.33   0.21   0.61
----------------------------------------------------------------------------
2012-22       EL TAJO    22.8    23.8        1.0    424   0.21   0.38   0.08
----------------------------------------------------------------------------
2012-22       EL TAJO    87.0    89.8        2.8    266   0.60   0.33   1.29
----------------------------------------------------------------------------
2012-23       EL TAJO    72.0    72.6        0.6    303   0.66   0.12   0.11
----------------------------------------------------------------------------
2012-23       EL TAJO    84.5    89.7        5.2    438   0.18   0.35   0.33
----------------------------------------------------------------------------
including     EL TAJO    86.8    88.8        2.0    899   0.17   0.44   0.48
----------------------------------------------------------------------------
2012-20      BOCANCHA    51.9    53.0        1.1    269   0.06   0.35   0.40
----------------------------------------------------------------------------
2012-20      BOCANCHA    67.5    70.5        3.0     51   0.05   0.19   0.24
----------------------------------------------------------------------------
(i)   Drill holes 2012-15, 2012-16, 2012-21, 2012-24 did not intercept      
      significant assay values                                              
(ii)  True widths are estimated to be roughly 70% of drill intercept length.

 

 

Drill holes 2012-10, 2012-22 and 2012-23 indicate the El Tajo vein hosts the potential for further bonanza-style silver grades at depth. Highlights of previously released drill holes 2012-1 through 2012-7 at El Tajo include intercepts of 2.0 metres of 2,745 g/t silver in hole 2012-3 and 1.20 metres of 1,645 g/t silver in hole 2012-7. To date, a total of 11 holes have been drilled at the El Tajo vein which has been tested over a 500 metres strike length. Complete highlights from the previous seven drill holes are available in NR122 dated February 29, 2012 and NR125 dated March 6, 2012.
 

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "At Coyote, drilling has intercepted significant widths of high-grade silver mineralization below the known historic mine workings. Further drilling is planned by Argentum Silver to test the structure at depth and along strike to investigate increasing the tonnage potential."

The 1,053 hectare Coyote property contains dozens of individual low sulfidation epithermal silver-gold veins and stockwork. Most of the mineralization occurs within six defined zones within an area of approximately 1.5 by 2.6 kilometres. Vein widths typically range from 1 to over 5 metres. Local areas of stockwork can exceed 35 metres in width. Over 100 historic workings and prospects explored and partially developed the district through the early 1900's. Historic production concentrated on "bonanza" silver grades with operational depth limitations due to the high water table.

 

Posted June 11, 2012

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