Soltoro Ltd.
TSX VENTURE : SOL

Soltoro Ltd.

September 27, 2007 11:29 ET

Soltoro Begins Drilling on Bacanora Gold Project in Sonora State, Mexico

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2007) - Soltoro Ltd. (TSX VENTURE:SOL) has commenced diamond drilling on its 100% owned Bacanora gold project in Sonora, Mexico. Bacanora is being investigated for a bulk tonnage gold deposit and is believed to be the gold source feeding numerous placer deposits downstream along the Yaqui River. At Bacanora, gold is hosted in intrusive rock and a prior trenching program returned 6 metres of 2.48 gpt gold in the main zone with select samples in sheeted veins returning up to 14.9 gpt gold.

In August of 2007, Soltoro completed building drill pads, rehabilitation of roads and permitting to conduct a drill program. The Company is conducting a 10 hole, 2,000 metre diamond drill program and has completed two drill holes to date. Two different styles of mineralization have been observed. Sheeted vein mineralization hosted in a felsic intrusive and sediment hosted veins in the underlaying sediments.

Initial drilling has intercepted sediment hosted veins that occur within black shales with minor limestone that are believed to be underlaying a felsic intrusive sill (which hosts gold bearing sheeted quartz veins nearby). Sediment Hosted Vein (SHV) deposits are gold deposits that consist of gold in quartz veins hosted by shale and siltstone sedimentary rocks. These deposits occur throughout the world, but are most prolific in size and number in Asia. One attractive characteristic of SHV deposits from the mining standpoint is that they can be gold-only systems and therefore are metallurgically simple. SHV deposits are associated with prolific placer gold fields if conditions are right for the formation of placer deposits and usually occur in deformed rocks of late Proterozoic to early Paleozoic age. Other characteristics include; large sedimentary basins located near a continental margin, multiple deformation events, cross structures, quartz carbonate veining with carbonate and/or sericite alteration. All of these features have been noted at Bacanora as well as the high associated As, Sb, W and Bi seen in the previsouly sampled sheeted veins which overlay the sediments currently being drilled.

Soltoro is a junior exploration company active in Mexico with 20,115,000 shares outstanding. The Company is exploring for bulk tonnage gold, silver and copper deposits in Mexico. Shares trade on the TSX Venture Exchange under the symbol SOL.

On behalf of the board,

Andrew Thomson, President

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this release.

Contact Information

  • Soltoro Ltd.
    Andrew Thomson
    President
    (416) 987-0722
    Website: www.soltoro.com