Welcome!

News Feed Item

Soltoro Trenching Extends El Rayo Gold Zone 70 Metres to North and Returns 24 Metres of 2.09 gpt Gold

TORONTO, ONTARIO -- (Marketwired) -- 05/26/14 -- Soltoro Ltd. (TSX VENTURE:SOL) has been conducting trenching northwest of the El Rayo gold zone which has extended mineralization by approximately 70 metres along strike at surface. This represents approximately a 10% increase in the strike length of known mineralization in the El Rayo gold zone.

In April of 2014, detailed mapping and ground magnetics were completed north and northwest of trench ERY-13 (16.97 metres of 3.45 g/t gold in NR162 dated April 12, 2014) in order to locate the strike extension of the El Rayo gold zone. On the basis of this work, three trenches were completed with the best result coming from trench ERY-19, which returned 24.00 metres of 2.09 g/t gold where mineralization remains open in both directions. Results from all three trenches are as follows:


----------------------------------------------------------------------------
                       SAMPLE           FROM:     TO:                       
TARGET AREA           TYPE(1)  TRENCH     (m)     (m) WIDTH(2) (m)  Au (g/t)
----------------------------------------------------------------------------
El Rayo Gold Zone N     Chip-  ERY-18   11.60   24.00        12.40      0.29
                      Channel                                               
----------------------------------------------------------------------------
El Rayo Gold Zone N     Chip-  ERY-19    0.00   24.00        24.00      2.09
                      Channel                                               
----------------------------------------------------------------------------
                    including  ERY-19    7.10   21.20        14.10      2.74
----------------------------------------------------------------------------
                    including  ERY-19   16.10   21.20         5.10      3.98
----------------------------------------------------------------------------
El Rayo Gold Zone N     Chip-  ERY-20    0.00   15.60        15.60      0.79
                      Channel                                               
----------------------------------------------------------------------------
                    including  ERY-20    4.20    6.30         2.10      1.38
----------------------------------------------------------------------------
                    including  ERY-20    8.10   10.90         2.80      1.19
----------------------------------------------------------------------------
(1) Channel samples are continuous samples cut with a portable rock saw     
    while chip-channel samples are continuous samples taken with a rock     
    hammer and chisel.                                                      
(2) Widths are reported as sampled widths.                                  

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Trenching has extended the gold zone 70 metres to the north where a series of faults intersects the mineralized structure. Further trenching will be carried out to locate mineralization northwest of the offsetting fault zone and to extend the length of trench ERY-19 where mineralization remains open in both directions."

The lack of outcrop and series of cross-cutting faults in the recently trenched north end of the El Rayo gold zone would suggest that gold mineralization in this portion of the El Rayo structure is controlled by a flexure in the primary northwest-trending structure or by the intersection of this structure with a more northerly-trending fault zone. Drilling in this area has not confirmed the extension of mineralization at depth but this may be the result of fault gaps created by post-mineral faulting. Additional drilling will be required to determine the extent of the newly identified gold mineralization at depth.

Detailed ground magnetics also suggest that the El Rayo gold zone structure may be offset a few tens of meters to the southwest along a northeast-trending fault located between trenches ERY-18 and ERY-19. Soltoro will continue exploring in this area in an effort to locate the offset portion of the El Rayo gold zone structure.

A claims location map and trenching results map may be viewed at: http://www.soltoro.com/projects/pdf/NR164maps.pdf

INITIAL GOLD RESOURCE AT EL RAYO

At El Rayo an initial gold resource of 22,600 Indicated ounces of gold contained in 380,000 tonnes averaging 1.85 g/t gold and 18,900 Inferred ounces gold contained in 365,000 tonnes averaging 1.61 g/t gold has been defined over approximately 700 metres of strike length in proximity to the historic El Rayo gold mine. The historic El Rayo gold mine lies along the same northwest-trending structure that also controls silver-lead mineralization at the historic Catarina Mine.

QUALIFIED PERSONS

Mr. Steven T. Priesmeyer, C.P.G., is Vice President Exploration for Soltoro Ltd. He is a qualified person as defined by NI 43-101 and he has reviewed the geological contents of this press release. Assays reported for exploration results were completed by ALS Geochemistry through their office in Guadalajara, Mexico. Analytical procedures include a 33 element ICP-AES analysis (ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays exceeding 100 g/t are re-assayed by HCL leach with an ICP-AES or AAS finish (OG62).

ABOUT SOLTORO

Soltoro is engaged in exploration for gold and silver deposits in Mexico. Soltoro holds in excess of 30,000 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 69,533,037 common share issued and outstanding and trades on the TSX Venture Exchange under the symbol "SOL".

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.

Contacts:
Soltoro Ltd.
Andrew Thomson
President
(416) 987-0722
www.soltoro.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Systena America will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Systena Group has been in business for various software development and verification in Japan, US, ASEAN, and China by utilizing the knowledge we gained from all types of device development for various industries including smartphones (Android/iOS), wireless communication, security technology and IoT serv...
SYS-CON Events announced today that Outscale will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...