Soltoro Ltd.
TSX VENTURE : SOL

Soltoro Ltd.

March 08, 2010 09:30 ET

Soltoro Drilling Returns 37.5 Metres of 2.72 gpt Gold & 10.5 Metres of 236 gpt Silver at El Rayo

TORONTO, ONTARIO--(Marketwire - March 8, 2010) - Soltoro Ltd. (TSX VENTURE:SOL) has resumed drilling of the El Rayo leachable gold zone at its El Rayo property in Jalisco, Mexico. To date trenching and drilling has identified a 1,065 metre long zone of which the northernmost 250 metre section has been drilled to a depth of 150 metres. A prior diamond core intersection (in Hole Ray07-35) was twinned with a reverse circulation rig to determine which of the two drilling methods is better suited for drilling in this zone to achieve the most representative recovery rates due to variations in the water table. The RC hole returned a similar interval of mineralization at a higher grade as follows:

Section Drill Structure From: To: Interval: Gold:
Line: Hole:         (gpt)
R10 RC89 El Rayo 64.5 102 37.5 2.72
R10 Ray07-35* El Rayo 64.5 102 37.5 1.83

 * Previously announced diamond drill NR30 September 2007

Drilling is continuing on the portion of the El Rayo structure south of the 250 metre section referred to above. A total of 14 shallow reverse-circulation (RC) drill holes and 14 deeper diamond core holes, in the wetter intervals, will be completed over 14 sections at 50 metre line spacings. The first diamond core hole will twin one of the earlier, deeper RC holes where the mineralized interval was entirely below the water table, in order to evaluate whether there was a loss of recovered gold in the RC holes.

At the Highway Zone a total of 14 RC drill holes were completed with a view to including results in the NI 43-101 resource report being prepared for a 1 km section of the Las Bolas structure. Further drill results from the Highway Zone, beyond those announced in News Release 66 on February 16, 2010, returned the following selected results:

Section Drill Structure From: To: Interval: Silver:
Line: Hole:         (gpt)
H3S RC82 Highway Zone 9.0 40.5 31.5 113
  including   16.5 27.0 10.5 236
H2S RC87 Highway Zone 49.5 55.5 6.0 91
      73.5 82.5 9.0 124
H1S RC88 Highway Zone 81 90 9.0 63

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Gold was analyzed using a 30g fire assay with AA finish while the silver is analyzed using a four acid "near total" digestion package. Mr. Terence J. Bottrill, P.Eng., a consultant, member of the advisory board of the Company and a qualified person as defined by NI 43- 101 has reviewed and approved the contents of this press release. Field supervision of the El Rayo project is provided by Mr. Chris Lloyd, M.Sc., Vice President, Exploration.

Soltoro is a junior exploration company exploring for bulk tonnage gold, silver and copper deposits in Mexico. The Company is preparing an NI 43-101 resource calculation at its El Rayo silver-gold project; has recently completed a geophysical survey at its La Tortuga project; and is also actively advancing its Quila, Victoria, Chinipas and El Santuario projects. Soltoro has 34,997,850 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.

Contact Information