Soltoro Completes Magnetic Surveys at Tecolote and Quila Projects
25 June 2014 - 11:00PM
Marketwired
Soltoro Completes Magnetic Surveys at Tecolote and Quila Projects
TORONTO, ONTARIO--(Marketwired - Jun 25, 2014) - Soltoro Ltd.
(TSX-VENTURE:SOL) has completed two separate ground magnetic
geophysical surveys at its 100%-owned Tecolote and Quila projects.
The surveys were conducted to better understand their structural
settings with a view to defining gold targets for drilling. Recent
geological compilations have identified a broad northwest-trending
belt of gold-silver mining districts that includes Soltoro's El
Rayo, Tecolote and Quila Projects, Cayden Resources El Barqueño
Project and Endeavour Silver's San Sebastian Project.
Tecolote Survey
Results
The Tecolote Project
is located within the Guachinango District ("Guachinango") of
Jalisco, Mexico. Tecolote is less than 10 kilometres north of
Soltoro's El Rayo primary silver project and 10 kilometres
northeast of the El Barqueño property. Mineralization in
Guachinango is structurally controlled and has been identified in
northeast and east-west-trending structures near intersections with
the regional northwest trend. Tecolote lies along one of these
northeast-trending structures.
To date, Soltoro has
explored the eastern portion of the concession. The most
significant gold and silver grades encountered to date were
collected along 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). Carmelita has been traced on surface for 100
metres before disappearing under cover, although the structure
hosting the Carmelita vein has been traced for over 500 metres
along strike using ground magnetics.
Ground magnetics now cover ~95% of Tecolote and confirm the
importance of the northeast structural trend in controlling
mineralization. The recently completed geophysical program also
identified a number of subsidiary northwest-trending structures
which appear to play an important secondary role in controlling
gold mineralization. Three felsic volcanic centers thought to be
related to mineralization have also been recognized. The best known
example of this style of mineralization is at the Tecolote dome,
which includes several prospects (San Eusebio, Veta Grande and
Carmelita) as well as three recently identified stockwork zones
with associated alteration peripheral to the volcanic center. Two
of the three known felsic volcanic centers have been examined while
the third remains to be explored. Sampling programs are planned to
define drill targets in alteration zones peripheral to felsic
volcanic centers.
Quila Survey Results
Quila is located south of the town of Ameca along the same
regional northwest trend as Soltoro's El Rayo and Tecolote
projects. Mineralization at Quila consists of gold, and copper with
gold occurring in veins and breccias. A total of 1,019 hectares
were covered by ground magnetic surveys in order to confirm the
northwest structural corridor controlling mineralization between
the San Geronimo and Texcalame areas and the east-west-trending
structures controlling mineralization between the Texcalame and
Altavista de Ramos areas; both trends were positively confirmed and
several magnetic lineaments were defined concurring with positive
rock sampling. Further ground magnetics are planned followed by
mapping and sampling to define drill targets.
A claims location and magnetic surveys results maps for Tecolote
and Quila may be viewed at:
http://www.soltoro.com/projects/pdf/NR166maps.pdf
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.
Soltoro Ltd.Andrew ThomsonPresident(416)
987-0722www.soltoro.com
(TSXV:SOL)
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