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
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
DevOps at Cloud Expo – being held November 1-3, 2016, 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 results. Am...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...