Soltoro Ltd.

Soltoro Ltd.

March 06, 2007 13:06 ET

Soltoro Intercepts Precious & Base Metal System on El Rayo in Mexico

TORONTO, ONTARIO--(CCNMatthews - March 6, 2007) - Soltoro Ltd. (TSX VENTURE:SOL) has completed the 1st phase of diamond drilling on its El Rayo Silver-Gold-Lead project in Jalisco, Mexico. Six diamond drill holes were completed, totalling 969 m along the Ocote structure. The Ocote structure had never previously been drill tested and extends over 5 kilometres with five 19th century underground mines located along its extent to date. In phase 1, drilling below two of the historic mines was completed; four holes drilled below the Nueva Suerte mine and two holes below the Ocote mine.

Significant results were reported in the first hole:

Ocote structure Hole From To Metres Au gpt Ag gpt Pb% Zn%
Nueva Suerte RAY07-
Mine 01 73.8 81.5 7.7 1.91 15 0.2 0.1
including 73.8 77.35 3.55 3.01 28 2.96 1
01 105 112.7 7.7 0.18 27 3.13 2.81
including 105 108.45 3.45 0.31 54 5.22 2.96

Soltoro President Andrew Thomson reports: "Results from the 1st phase of drilling serve to confirm that the El Rayo property may host a new and significant gold silver system with a lower, silver lead enriched footwall zone and gold enriched hanging wall zone separated by a lesser mineralized stockwork system along the Ocote structure. This zone is in addition to the historic silver-lead Las Bolas and El Rayo zones. The 2nd phase of drilling is underway to test the historical silver lead resource areas followed by a 3rd phase to investigate high priority airborne geophysical targets. Soltoro expects to have completed the 2nd and 3rd phases of the drill program by the end of April, 2007. Results from these programs will enable Soltoro to pinpoint areas on the property that have the potential to host a bulk tonnage silver lead gold deposit."

Quality Control: Drilling on the El Rayo property is supervised by Vice-President of Exploration in Mexico, Chris Lloyd, M.Sc. and Mr. William McGuinty, P.Geo. Mr. William McGuinty, P.Geo, is the Company's qualified person as defined by National Instrument 43-101 and has reviewed the contents of this press release. Core lengths throughout this press release are measured along the core axis and do not necessarily represent true widths.

Soltoro utilizes a control and analytical quality assurance protocol on its exploration programs. This procedure includes the systematic addition of blank samples, duplicates and certified standards to every twentieth sample. Blank samples are used to check for possible contamination in laboratories while certified standards determine the analytical accuracy and precision. Analyzed samples coming from half cut HQ cores and with lengths varying from 0.3 to 1.5 meters are sent for analysis to ALS Chemex in Guadalajara, Mexico. Samples are assayed by 30 g fire assay followed by atomic absorption finish according to industry standards followed by 34 element aqua regia ICP-AES.

Soltoro is a junior exploration company active in Mexico with 19,263,600 shares outstanding. The Company is exploring for gold, silver and copper deposits in Mexico with a management team that has been active in Mexico since 1993. Shares trade on the TSX Venture Exchange under the symbol SOL. Soltoro is well financed with $2.9 M in cash.

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
    (416) 987-0722