Soltoro Ltd. (SOL:TSX.V) has received positive gold and silver assay results from ongoing mapping and sampling at its 100% owned Tecolote Project in Jalisco, Mexico. 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.
The Carmelita vein system has now been traced for over 100 metres at surface where recent sampling returned numerous high-grade gold and silver values including 27.70 g/t gold and 641 g/t silver over 0.7 metres. A recently completed ground magnetic survey over the Carmelita zone suggests the structure hosting the vein has a strike length of 550 metres. Further mapping and sampling are planned at Carmelita to establish the strike extent of the structure. Selected results from recent sampling are as follows:
TARGET AREA | SAMPLE TYPE1 | WIDTH2 (m) | Au | Ag |
Veta Carmelita | Chip-Channel | 3.0 | 14.16 | 308 |
Including | 0.7 | 27.7 | 671 | |
Veta Carmelita | Chip-Channel | 0.9 | 2.62 | 41 |
Veta Carmelita | Chip-Channel | 0.5 | 9.5 | 110 |
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.
In the La Fundición area, mineralization has been traced for an aggregate strike length of over 1,500 metres in the Asunción-Venado and Victoria vein systems. Highlights include 10.25 g/t Au and 28 g/t Ag over 1.00 metre and 2.39 g/t Ag and 25 g/t Ag over 3.50 metres from the Asunción-Venado vein system, and 8.08 g/t Au and 20 g/t Ag over 0.80 metres from the Victoria vein system. Selected results from recent sampling are as follows:
TARGET AREA | SAMPLE TYPE1 | WIDTH2 | Au | Ag |
Asuncion Venado | Chip-Channel | 1.0 | 0.01 | 96 |
Asuncion Venado | Chip-Channel | 0.5 | 1.02 | 15 |
Asuncion – Venado | Chip-Channel | 0.7 | 3.14 | 37 |
Asuncion Venado | Channel | 3.6 | 2.39 | 25 |
| Including | 1.4 | 3.25 | 5 |
Asuncion Venado | Channel | 2.65 | 1.40 | 11 |
| Including | 0.65 | 4.83 | 24 |
Asuncion Venado | Chip-Channel | 7.2 | 0.65 | 18 |
| Including | 2.2 | 1.35 | 41 |
Asuncion – Venado | Chip-Channel | 1.0 | 6.71 | 43 |
Asuncion Venado | Channel | 1.5 | 4.30 | 24 |
Asuncion Venado | Channel | 1.5 | 4.30 | 24 |
Including | 1.0 | 5.02 | 24 | |
Asuncion Venado | Channel | 5.5 | 1.50 | 36 |
Including | 1.0 | 5.76 | 45 | |
Asuncion Venado | Chip-Channel | 4.0 | 0.83 | 39 |
Including | 1.0 | 1.44 | 62 | |
Asuncion – Venado | Chip-Channel | 1.0 | 1.78 | 15 |
Asuncion – Venado | Chip-Channel | 1.0 | 10.25 | 28 |
Asuncion – Venado | Chip-Channel | 0.9 | 3.12 | 50 |
Asuncion Venado | Channel | 3.0 | 2.25 | 25 |
Including | 1.0 | 3.64 | 26 | |
Asuncion – Venado | Chip-Channel | 1.0 | 2.16 | 82 |
Asuncion Venado | Channel | 3.0 | 2.46 | 41 |
Including | 1.0 | 4.76 | 59 | |
Asuncion Venado | Channel | 3.0 | 3.42 | 40 |
Including | 1.0 | 6.79 | 50 | |
Asuncion – Venado | Chip-Channel | 1.0 | 1.23 | 9 |
Asuncion – Venado | Chip-Channel | 1.0 | 1.39 | 26 |
Asuncion Venado | Channel | 3.0 | 1.41 | 52 |
Including | 1.0 | 2.12 | 35 | |
Veta Victoria | Channel | 0.8 | 8.08 | 20 |
Veta Victoria | Chip-Channel | 0.85 | 1.09 | 7 |
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.
In the Tecolote area, the San Eusebio, Veta Grande and Kassandra vein systems have been traced for an aggregate strike length of over one kilometre. Highlights include 5.74 g/t Au and 48 g/t Ag over 1.00 metre from the San Eusebio system and 1.91 g/t Au and 21 g/t Ag over 6.00 metres from the Veta Grande system. Selected results from recent sampling are as follows:
TARGET AREA | SAMPLE TYPE1 | WIDTH2 | Au | Ag |
Veta La Colorada | Chip-Channel | 4.0 | 2.24 | 65 |
| Including | 1.0 | 5.77 | 144 |
Veta La Colorada | Chip-Channel | 0.8 | 1.24 | 13 |
Veta La Colorada | Chip-Channel | 0.7 | 1.11 | 53 |
Veta La Colorada | Chip-Channel | 0.6 | 1.55 | 20 |
Veta La Colorada | Chip-Channel | 1.0 | 10.30 | 104 |
Veta La Colorada | Chip-Channel | 0.7 | 6.77 | 79 |
La Colorada Area | Chip-Channel | 1.2 | 1.37 | 16 |
La Colorada Area | Chip-Channel | 1.2 | 1.10 | 17 |
Veta La Colorada | Chip-Channel | 0.8 | 17.00 | 53 |
Veta La Colorada | Chip-Channel | 1.8 | 1.30 | 39 |
Veta La Colorada | Chip-Channel | 1.0 | 1.90 | 32 |
Veta La Colorada | Chip-Channel | 4.0 | 2.24 | 65 |
| Including | 1.0 | 5.77 | 144 |
Veta La Colorada | Chip-Channel | 1.0 | 1.17 | 19 |
Veta La Colorada | Chip-Channel | 1.0 | 2.51 | 21 |
Veta La Colorada | Chip-Channel | 1.8 | 1.11 | 18 |
Veta La Colorada | Chip-Channel | 1.0 | 1.86 | 27 |
La Magnifica | Chip-Channel | 0.9 | 1.12 | 11 |
San Eusebio | Dump | N/A | 1.46 | 199 |
San Eusebio | Chip-Channel | 4.5 | 1.93 | 163 |
Including | 1.0 | 3.91 | 286 | |
San Eusebio | Chip-Channel | 1.0 | 5.74 | 12 |
San Eusebio | Chip-Channel | 2.2 | 3.11 | 25 |
Including | 1.0 | 5.74 | 48 | |
El Tepehuaje | Chip-Channel | 0.9 | 1.95 | 32 |
Veta Grande W | Channel | 0.95 | 1.19 | 19 |
Veta Grande W | Channel | 0.75 | 0.72 | 111 |
Veta Grande W | Chip-Channel | 4.95 | 1.09 | 17 |
Including | 2.95 | 1.69 | 8 | |
Veta Grande W | Channel | 1.0 | 1.42 | 13 |
Veta Grande W | Channel | 7.8 | 0.82 | 48 |
Including | 1.2 | 2.54 | 197 | |
Including | 1.0 | 2.38 | 16 | |
Veta Grande S | Chip-Channel | 6.0 | 1.91 | 21 |
| Including | 1.0 | 4.89 | 36 |
Veta Grande E | Channel | 1.1 | 0.71 | 226 |
Veta Grande E | Chip | 0.73 | 2.95 | 386 |
Veta Grande E | Channel | 0.50 | 0.72 | 179 |
Veta Grande E | Chip-Channel | 1.0 | 0.73 | 154 |
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 mapping and sampling continues to yield high-grade gold silver values at Tecolote. Further ground magnetic surveys will be carried out to better define the extent of known vein systems while the remainder of the property will be explored through continued mapping and sampling. Permitting required for trenching and drilling programs is underway.
Mineralization at Tecolote is typical of low-sulphidation epithermal deposits. Currently known gold and silver vein systems consist of discrete veins and stockwork zones containing quartz, pyrite and base metal sulphides along with associated oxidation products. Lead and zinc values, primarily in the La Fundición and Carmelita areas, locally exceed one percent. Given the high grades and narrow widths, Soltoro views Tecolote as a potential underground mine target.
A location map and sample area maps may be viewed at: http://www.soltoro.com/projects/pdf/NR152maps.pdf
Assaying is done 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, 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 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
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.