2012-12-03 15:02:55 -
TORONTO, ONTARIO -- (Marketwire) -- 12/03/12 -- Soltoro Ltd. (TSX VENTURE:SOL) has resumed diamond drilling at its 100% owned El Rayo primary silver deposit in Jalisco, Mexico. Soltoro suspended drilling in August of 2012 in order to submit a new application to permit drilling and trenching in new zones of interest on the property. The drill rig is currently testing in the La Soledad north zone to expand the existing high-grade silver resource. Further drilling is also planned to test the Las Bolas silver resource at depth and to test the newly identified northwest extension of the El Rayo gold zone.
Andrew Thomson, President of Soltoro Ltd., stated: "This round of drilling will test for further high-grade silver resources in the La Soledad north area, test for high-grade silver mineralization below the current Las Bolas resource and test the newly identified gold-bearing structure northwest of the El Rayo gold resource area."
Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. Soltoro holds an interest in an excess of 55,000 hectares of ground in Jalisco State. Soltoro is focused on expanding silver resources at the El Rayo silver project while seeking partners to advance the balance of its projects. Soltoro holds 15% of the common shares of Argentum Silver Corp. and a 3% N.S.R. payable to Soltoro on the Victoria and Coyote properties. Soltoro's La Tortuga project has been optioned to Gold Reserve Inc. Soltoro has 59,408,037 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur d'Alene Mines Corp. holds 4.5 million shares of Soltoro Ltd.
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.
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