Soltoro Ltd. (SOL:TSX.V) has received further positive gold and silver assay results from ongoing mapping and sampling on its 100% owned Tecolote Project in Jalisco, Mexico. Soltoro obtained title to Tecolote through staking so there are no payments or royalties due on the Project. The 3,052 hectare Tecolote Project is located less than 10 kilometres north of Soltoros El Rayo primary silver project and 10 kilometres northeast of Grupo Mexico S.A.B. de C.V.s El Barqueño property currently optioned to Cayden Resources Inc.
Recent sampling focused on extending the lateral potential of the known structures in the La Fundición area which is located in the northeastern portion of the Tecolote concession. Mineralization in this area is gold-rich with lesser silver and little or no base metal content. Selected results are presented in the following table:
TARGET AREA | SAMPLE TYPE1 | Trench | WIDTH2 | Au | Ag |
Asunción-Venado | Chip-Channel | FAVA-6 | 0.7 | 1.98 | 19 |
Asunción-Venado | Chip-Channel | FAVA-9 | 1.5 | 1.65 | 11 |
| including | | 0.5 | 2.61 | 15 |
Asunción-Venado Northeast | Chip-Channel | FAVNE-14 | 4.0 | 0.49 | 17 |
Veta Victoria | Chip-Channel | FV-11 | 3.0 | 0.59 | 9 |
Veta Victoria | Chip-Channel | FV-14 | 3.2 | 1.23 | 18 |
| including | | 1.6 | 2.13 | 22 |
Veta Victoria | Chip-Channel | FV-15 | 4.0 | 1.68 | 54 |
| including | | 2.0 | 2.46 | 77 |
Veta Victoria | Chip-Channel | FV-16 | 2.0 | 1.75 | 22 |
Veta Victoria | Chip-Channel | FV-17 | 3.0 | 0.66 | 5 |
| Including | | 1.0 | 1.11 | 5 |
Veta Victoria | Chip-Channel | FV-17 | 3.0 | 4.05 | 34 |
Veta Carmelita | Chip-Channel | TC-03 | 6.0 | 0.95 | 17 |
1 Channel samples are continuous samples cut with a portable rock saw while Chip-channel samples are
continuous samples taken with a rock hammer.
2 Samples are reported as sampled widths.
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: Soltoro continues to define the continuity of the gold and silver-bearing structures at Tecolote. The emerging gold potential of the Guachinango district presents an exciting new opportunity for Soltoro. Permitting required for trenching and drilling programs at Tecolote is currently underway.
A claims map showing the Guachinango district mineralized trends and Tecolote sampling location maps may be viewed at:
http://www.soltoro.com/projects/pdf/NR156maps.pdf
Soltoros Tecolote and El Rayo Projects gold zones make up part of the emerging gold potential of the Guachinango district which includes Cayden Resources El Barqueño Project. These three projects are located within a broad northwest-trending belt of mineral districts that also includes Santana Minerals` Espiritu Santo Project and Endeavour Silvers San Sebastian Project. Mineralization within this belt occurs primarily in northwest and northeast-trending structures.
Three mineralized corridors can be defined in the Guachinango area within the broad northwest-trending belt of mineral districts. These corridors are defined by concentrations of vein systems and faults, ground magnetic structures and linear topographic features observable in aerial photographs. The main mineralized corridor is oriented northwest-southeast, while the remaining two are oriented northeast-southwest.
One of the northeast-southwest corridors crosses Soltoros Tecolote property and controls mineralization in the La Fundición area mentioned above, as well as the east-west-trending Carmelita vein, which yielded 3.0 m averaging 14.16 g/t gold and 308 g/t silver (Soltoro NR152, June 17, 2013). This feature can be readily traced southwest onto the El Barqueño property using ground magnetics and aerial photographs.
On Soltoros El Rayo property, northwest-trending structures such as the structure that hosts the El Rayo gold resource (Indicated resource of 22,600 ounces gold contained in 380,000 tonnes averaging 1.85 g/t gold and an Inferred resource of 18,900 ounces gold contained in 365,000 tonnes averaging 1.61 g/t gold) and the newly discovered Talayote gold target (Soltoro NR154, July 24, 2013) are part of the dominant regional northwest trend that extends onto the El Barqueño land package.
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 Silvers Victoria and Coyote properties. Soltoros 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Andrew Thomson, President, Phone: (416) 987-0722 or visit www.soltoro.com
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 is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. Soltoro holds an interest in an excess of 55,000 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 Silvers Victoria and Coyote properties. Soltoros 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 dAlene Mines Corp. holds 4.5 million shares of Soltoro Ltd.
FOR FURTHER INFORMATION PLEASE CONTACT:
Andrew Thomson, President Phone: (416) 987-0722 or visit www.soltoro.com
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
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Argentum Silver announces that, as a result of a review by the British Columbia Securities Commission (the BCSC), they are issuing the following news release to clarify their disclosure. Argentum Silver advises readers not to rely on such prior disclosure that is clarified in this news release as they may continue to be found in the public domain.
On May 13, 2013, Argentum Silver issued a news release (the News Release) containing a range of tonnage and grades for a target potential (or target deposit) of contained silver content for the El Tajo Zone on its Coyote Project in Jalisco Mexico (the Coyote Project). This news release references and was based upon an independent potential target study (the Study) conducted by GeoVector Management Inc. of Nepean, Ontario, which was completed on March 27, 2013. The potential target in the News Release and the Study are contrary to and prohibited by section 2.3.(1)(a) of National Instrument 43-101 (NI 43-101) because they are not conceptual estimates of the potential quantity and grade of a target for further exploration (exploration target).
Argentum Silver hereby retracts the News Release and the Study, including all references to the target potential. Although the News Release did not provide a link to the Study, the Study was made available by a link on Argentum Silvers website on May 13, 2013. The link to the Study on Argentum Silvers web site was removed by Argentum Silver within 48 hours.
The discussion and analysis in the Study indicates the target was based on precise calculations using specific key assumptions and parameters, all of which are not consistent with the conceptual nature of an exploration target. The Study reported the estimate at various cut-off grades to the nearest tonne and at very precise grades that are again inconsistent with a conceptual estimate of potential. The Study also referred to the target potential as a resource, a deposit and an orebody, terms synonymous with mineral resources or mineral reserves. The Study further treated the target potential as a mineral resource by suggesting, amongst other things, that it has potential to be economically mined and will be developed by Argentum. The Study further failed to include the required cautionary language required for exploration targets. Argentum Silver wishes to confirm that there is no current mineral resource for the Coyote Project.
Argentum Silver wishes to clarify that the Study is not a Technical Report as defined in NI 43-101. Argentum Silver retracts the Study as it is not compliant with NI 43-101 and, as such, should not be relied upon. The sole dissemination of the Study was through the link on its website. Argentum Silver removed the link to the Study from its website on May 15, 2013, and will not further disseminate the Study to the public. Argentum Silver will promptly disclose any material mineral resource estimate it receives for the Coyote Project and file a supporting technical report thereafter.
The BCSC has advised Argentum Silver that the release of the Study triggered the requirement to prepare and file a technical report on the Coyote Project under NI 43-101 within 45 days. Argentum Silver is currently proceeding to satisfy this requirement.
The disclosure of technical and scientific information in todays news release by Argentum Silver was reviewed and approved by Ben Whiting, M.Sc., P.Geo , a director of Argentum Silver and a qualified person under NI 43-101.
