Apache Authors: Carmen Gonzalez, Liz McMillan, Elizabeth White, Pat Romanski, Christopher Harrold

News Feed Item

Soltoro Completes Magnetic Surveys at Tecolote and Quila Projects

TORONTO, ONTARIO -- (Marketwired) -- 06/25/14 -- 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 Barqueno 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 Barqueno 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 approx. 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


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).


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 Thomson
(416) 987-0722

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.

IoT & Smart Cities Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.