Science & Technology
Science and Technology
Science and Technology
Tue, June 1, 2010
Mon, May 31, 2010 Soltoro's El Rayo Primary Silver Deposit NI 43-101 Resource Report Filed on SEDAR
TORONTO, ONTARIO--(Marketwire - May 31, 2010) - Soltoro Ltd. (TSX VENTURE:SOL) has filed its NI 43-101 resource estimate for the El Rayo silver-gold project on SEDAR and made it available on the Company's website. The report was prepared by Agnerian Consulting Inc. The El Rayo property is located adjacent to the town of Guachinango in the Jalisco State, Mexico.
The report details the following indicated and inferred resources:
| Deposit | Cut-off grade | Tonnes | Grade in | Contained |
| Area | silver g/t | silver g/t | ounces of silver | |
| Indicated Mineral Resources | ||||
| Las Bolas | 40.0 | 9,470,000 | 69.4 | 21,100,000 |
| Inferred Mineral Resources | ||||
| Las Bolas | 40.0 | 1,800,000 | 67.4 | 4,000,000 |
| Matachines | 40.0 | 400,000 | 65.0 | 850,000 |
In addition to the silver resources outlined in the NI-43-101 report, the following target deposit calculation was provided for the Highway Zone which is an offset continuation of the Las Bolas structure:
Target Deposit Potential – Highway Zone – May 2010
| Mineralized | Cut-off grade | Range of | Potential ounces of |
| Zone | silver g/t | potential tonnes | silver inventory |
| Highway Zone | 40 | 2 to 2.3 Million | 5.3 to 5.7 Million |
Soltoro considers the potential quantity and grade of the material at the Highway Zone to be conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource. The target deposit calculation is based on a total of 16 reverse circulation drill holes.
Soltoro President and CEO, Andrew Thomson comments "Drilling and further metallurgical testing is planned in 2010 to expand the tonnage of the Las Bolas resource and lower the cut-off grade. We have numerous mineralized structures that remain to be tested including the Catarina mine area which hosts the most significant historic resource."
The report from the independent consultant recommends that Soltoro continue to explore for silver and gold mineralization elsewhere on its extensive El Rayo property, as well as along strike and at depth from the Las Bolas deposit. The mineral resources estimated were completed by Hrayr Agnerian, M.Sc. (Applied), P.Geo. of Agnerian Consulting Ltd. Mr Agnerian is the Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and has verified the data disclosed in this release.
A copy of the full resource estimation report is available on the SEDAR website and by following this link on Soltoro's website: [ http://www.soltoro.com/projects/pdf/Soltoro-ElRayo43-101.pdf ]
About Soltoro:
Soltoro is a junior company exploring for bulk tonnage gold and silver deposits in Mexico. The Company has recently completed a geophysical survey at its La Tortuga project and is actively advancing its Quila, Victoria, Chinipas and El Santuario projects. Soltoro has 35,047,850 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL.
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.
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.
