Soltoro Expands the Gold Potential of the Tecolote Project in Jalisco, Mexico
TORONTO, ONTARIO--(Marketwired - Sep 11, 2013) - Soltoro Ltd. (TSX VENTURE:SOL) 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 Soltoro's 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 (m) | Au (g/t) | Ag (g/t) |
| 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 Including | FV-16 | 2.0 1.0 | 1.75 3.08 | 22 31 |
| 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 |
| Including | 2.0 | 5.96 | 34 | ||
| Including | 1.0 | 7.79 | 21 | ||
| Veta Carmelita | Chip-Channel | TC-03 | 6.0 | 0.95 | 17 |
| Including | 2.0 | 1.85 | 39 | ||
| 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
Soltoro's 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 Silver's 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 Soltoro's 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 Soltoro's 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 Silver's Victoria and Coyote properties. Soltoro's 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.
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
