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Soltoro Intercepts 18 Metres of 161 g/t Silver Including 4.5 Metres of 378 g/t

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Soltoro Intercepts 18 Metres of 161 g/t Silver Including 4.5 Metres of 378 g/t

 
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Silver in Discovery Zone at El Rayo Project

 

Soltoro Ltd. (TSX VENTURE:SOL) 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 g/t silver at the La Soledad West deposit and 4.5 metres of 378 g/t 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 sixteen 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 as follows:

 

---------------------------------------------------------------------------
                                DRILL                                    Ag
       TARGET AREA           HOLE (1)    FROM      TO   WIDTH (2)(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
---------------------------------------------------------------------------
(1) Ray = Diamond drill RC=Reverse circulation drill. Ray= Diamond         
    RC=Reverse Circulation.Ray12-126 through Ray12-132, Ray12-136, Ray12-  
    146, Ray12-147, RC12-144, RC12-146 & RC12-147 contained no significant 
    values. Results from holes Ray12-142 & Ray12-143 are pending.          
(2) All widths are reported as drilled width.                              
(3) Overall recovery for this interval was 75%. Recovery for the interval  
    0.3m to 3.0m was 42% and 12.0m to 13.5m was 40%.
 

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 underway to determine the extent of the mineralization. Results are as follows:
 

 

----------------------------------------------------------------------------
                                                  WIDTH     Pb     Au     Ag
   TARGET AREA   DRILL HOLE (1)   FROM     TO    (2)(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
----------------------------------------------------------------------------
(1) Ray = Diamond drill RC=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 fifteen 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 as follows:
 

 

----------------------------------------------------------------------------
                                 DRILL                                    Ag
       TARGET AREA            HOLE (1)    FROM      TO  WIDTH (2)(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
----------------------------------------------------------------------------
(1) Ray = Diamond drill RC=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)(m)   Ag (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
----------------------------------------------------------------------------
(1)  Ray = Diamond drill RC=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 color 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:
http://www.soltoro.com/projects/pdf/NR130_Figures.pdf.
 

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Gold was analyzed using a 30g fire assay with AA finish while the silver is analyzed using a four acid "near total" digestion package. Mr. Steven T. Priesmeyer, C.P.G., Vice President of Exploration for Soltoro Ltd. and a qualified person as defined by NI 43-101 has reviewed and approved the contents of this press release. Field supervision of the El Rayo project is provided by Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro Mexico.

 

Posted June 20, 2012

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