Soltoro's channel sampling returns 24 gpt gold and 333 gpt silver & 12.5 gpt gold and 512 gpt silver at Tecolote in Jalisco, Mexico
Monday, Nov 19, 2012
Soltoro Ltd. (TSX VENTURE:SOL) has received positive gold and silver assay results from ongoing mapping and sampling on its 100% owned Tecolote Project in Jalisco, Mexico. 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 Barqueno property currently optioned to Cayden Resources Inc.
The Carmelita vein system has been traced for over 40 metres at surface where sampling returned numerous high-grade gold and silver values including 24.0 g/t gold and 333 g/t silver over 0.8 metres, 12.5 g/t gold and 512 g/t silver over 0.7 metres and, 8.4 g/t gold and 172 g/t silver, all from channel samples. The San Eusebio vein system has been traced for over 150 metres at surface where sampling returned numerous high-grade gold and silver values including 12.9 g/t gold and 12 g/t silver over 1.0 metre and 6.4 g/t gold and 6 g/t silver over 1.0.
A ground magnetic survey over the Carmelita zone was recently completed which would suggest the structure may have a strike length of 550 metres. Further mapping and sampling is planned at Carmelita to establish the strike of the structure.
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Currently we have two geologists assigned to Tecolote with additional staff assisting to complete regional mapping, sampling and ground magnetic surveys. Detailed mapping and sampling continue in order to define the extent of the high-grade gold silver zones. Trenching, followed by drilling, can be initiated once permits have been obtained. The permitting process is expected to be completed in 2013."