Message #2 From:
TheMachine Date: June 3, 2009 11:09:51 PM
Mining Stock News : SLTA Soltera Mining Corp.: Geochemical Results Confirm and Increase Major Gold Anomalous Zones at El Torno, Argentina
JUJUY, ARGENTINA--(Marketwire - March 31, 2009) - Dr. Fabio Montanari,
President and CEO of Soltera Mining Corp. (PINK
SHEETS:SLTA)(FRANKFURT:SN7), is pleased to announce that the results of
a detailed geochemical survey at El Torno, Soltera's flagship gold
property in Argentina, are now available.
El Torno is located in the Andean Cordillera near the
international border with Bolivia. The property, which covers
approximately 79 square kilometers, contains a set of very large
gold-bearing quartz veins that extend intermittently for at least 14 km
north-south within metamorphosed sedimentary rocks of Ordovician age.
The central parts of the western vein system have been worked
since the Inca Period and there are more than 1,000 m of underground
galleries. 2,100 m of drilling in 1997 showed that a 2 m thick zone on
the west side of the vein carries up to 37 gpt (grams per tonne) gold
and suggested that there is potential for several million ounces along
the full length of the vein. Samples of country rock some distance from
the main vein have also shown up to 112 gpt gold (historical results
not NI 43-101 compliant).
Soltera has carried out two gold geochemical surveys. The first
was reconnaissance and consisted of 596 stream sediment samples that
covered about 100 square kilometers. The results showed a series of
anomalies extending the full 14 km length of the vein system together
with several broad anomalies in the country rocks up to 2 km away from
the main vein. This survey was reported in an April 2008 press release.
The second focused on the anomalies identified by the first
survey and consisted of around 1,000 samples covering an area of about
15 square kilometers. The results were excellent and confirmed the
presence of a major gold anomalous zone about 5 km north-south and up
to almost 2 km wide centered on the vein system but extending well
beyond the vein into the country rocks on either side. There is also a
separate anomalous area of about one square kilometer located about 1
km east of the main vein in the south.
These well structured and strong anomalies suggest that gold is
dispersed in zones throughout the country rocks around the vein system
and they form precise and important exploration targets for possible
open-pit mineralization. In this respect, they differ from the vein
mineralization where the target is gold-rich quartz veins which would
require underground mining. Both types of target are large-scale.
The next step is to carry out a two-pronged exploration program
on both the geochemical anomalies and the main vein system. The
geochemical anomalies will be tested by a limited geophysical survey,
surface sampling and trenching, and shallow drilling. The vein system
will be tested also by a geophysical program, followed by mapping of
the old gold workings and a limited program of diamond drilling.
Soltera is currently in the process of raising funding to carry out these programs.
Safe Harbor Statement: Certain statements contained herein are
"forward-looking" statements (as such term is defined in the Private
Securities Reform Act of 1995). Because such statements include risks
and uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements. Information or
opinions in this document are presented solely for informative purposes
and are not intended nor should be construed as investment advice. We
encourage you to carefully review the Company with your investment
advisor and verify any information that is important to your investment
decision.
