Soltoro Ltd.
TSX VENTURE : SOL

Soltoro Ltd.

September 12, 2007 10:39 ET

Soltoro Trenching Defines Significant Gold Zone at El Rayo

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2007) - Soltoro Ltd. (TSX VENTURE:SOL) has completed a total of 24 trenches at its El Rayo silver lead gold project in Jalisco, Mexico. The trenches were completed in conjunction with an orientation drill program to investigate the potential for the property to host a bulk mineable silver lead gold deposit. The most significant results reported from the trenching program are presented in the table below and include a silver equivalent value based on a silver to gold ratio of 55:1 (US $660 and $12.00 for gold and silver respectively):



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Trench Location Sample Width Gold Silver Lead Silver
# Type Metres gpt gpt % equiv.
gpt(a)
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24 200M NW El Rayo Surface-stwk 29.6 1.87 4 0.3 107
Mine(a)(a)
24 Including 17.6 2.8 4 0.2 158
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22 150M NW El Rayo Mine Surface-stwk 4 2.4 7 0.3 139
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21 100M NW El Rayo Mine Surface-stwk 5.6 0.18 21 2.5 31
18 El Rayo Mine Surface-stwk 2 1.39 5 0.05 81
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17 30M SW El Rayo Mine Surface-stwk 1.4 0.9 1 0.03 51
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16 50M SW El Rayo Mine Surface-stwk 5.9 1.39 17 0.2 93
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15 100M SW El Rayo Mine Surface-stwk 12 5.17 60 0.8 343
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14 120M SW El Rayo Mine Surface-stwk 1.8 1.23 50 0.34 118
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12 150M SW El Rayo Mine Surface-stwk 5.1 7.53 18 0.2 432
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11 200M SW El Rayo Mine Surface-stwk 2 1.44 15 4.2 94
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8 30M NE Gavilan Mine Surface-stwk 1.3 0.8 30 0.92 74
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7 Gavilan Mine Surface-stwk 6.3 3.21 29 0.9 205
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6 30M SW Gavilan Mine Surface-stwk 5.4 4.29 43 3 279
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5 60M SW Gavilan Mine Surface-stwk 3.8 1.27 49 4.5 119
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4 100M SW Gavilan Mine Surface-stwk 3.9 1.59 23 0.65 110
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3 130M SW Gavilan Mine Surface-stwk 4 0.84 53 0.7 99
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2 140M SW Gavilan Mine Surface-stwk 14.1 1.06 22 0.24 80
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(a) Lead values not included in the silver equivalent calculation,
metallurgical recoveries & net smelter returns are assumed to be 100%

(a)(a) Previously reported result


Andrew Thomson, the President of Soltoro, reports: "The trenching program has defined a gold zone which extends over 825 metres north-west along the El Rayo structure, effectively extending mineralization 250 metres beyond the historic silver lead resource area. Soltoro has completed 4 drill holes to test these trench results at depth. Results are expected shortly."

Please follow link below to view the trench and drill hole locations in the gold zone: http://www.soltoro.com/pdf/goldzonerayo.pdf

The 3rd and final phase of the orientation drill program at El Rayo was carried out to test priority geophysical targets and to test for mineralized extensions along strike from the historic silver-lead resource area. A total of 5,530 metres were drilled at Rayo in 2007, with 2,228 metres completed in the final phase. The Company will release the balance of results from the drilling as soon as all final assay results have been returned.

Assaying of samples was conducted by ALS Chemex. Silver and other base and trace elements were analyzed using four acid "near total" digestion with an ME-ICP finish. Gold was assayed using 30gr. fire assay with AA finish and gravimetric finish for over- limits. Mr. William McGuinty, P.Geo, a director of the Company and qualified person as defined by NI 43-101 has reviewed the contents of this press release.

Soltoro is a junior exploration company active in Mexico with 19,638,600 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.

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