TORONTO, ONTARIO — (Marketwired) — 11/12/14 — Soltoro Ltd. (TSX VENTURE: SOL) has filed a Technical Report for its 100% owned El Rayo silver project on SEDAR and the Company–s website. The updated Mineral Resources included in the NI 43-101 Technical Report were prepared by Agnerian Consulting Ltd. („Agnerian“) in support of the resource update and reflects minor changes to the Mineral Resources originally summarized in a news release on September 29, 2014. The Technical Report includes an updated estimate of the Las Bolas, La Soledad, Highway Zone silver deposits, and the El Rayo gold deposit, as well as a first time disclosure of the Mineral Resources for the historic Catarina mine. The revision considers a smaller tonnage, higher grade resource than previous estimates, which could be exploited through a combination of small open pit and underground operations.
The Mineral Resources were prepared in compliance with National Instrument („NI“) 43-101 and CIM standards by constructing block models and applying conceptual open pit and underground models on each of the deposits. The estimates of open pit and underground resources are shown in the tables below:
Soltoro President and CEO, Andrew Thomson comments: „Soltoro has completed and filed its updated Technical Report for the El Rayo project report on SEDAR and the Company–s website. The mineral resources reported are in line with the current 3 year trailing average pricing for silver and takes into account recent metallurgical recoveries testing. The resulting revised higher grade silver resources could be exploited through a combination of small open pit and underground operations.“
Soltoro notes that Mineral Resource reported in this release and the Technical Report differ from those originally summarized in a news release on September 29, 2014 (NR170) due to the following:
QUALIFIED PERSONS
A copy of the NI 43-101 Technical Report is available at and has been filed on SEDAR. The mineral resources were estimated by Mr. Michael Waldegger. P. Geo. of MFW Geoscience Inc., on behalf of Agnerian Consulting Ltd. (AC). Both Messrs Hrayr Agnerian, M.Sc. (Applied), P.Geo., President of AC. and Waldegger are Qualified Persons for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Mr. Agnerian has reviewed and verified the information disclosed in this news release.
ABOUT SOLTORO
Soltoro is engaged in exploration for gold and silver deposits in Mexico. Soltoro holds in excess of 30,000 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 a 3% N.S.R. payable on Argentum Silver–s Victoria and Coyote properties. Soltoro has 75,533,037 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol „SOL“.
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. 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.
Contacts: Soltoro Ltd. Andrew Thomson President (416) 987-0722
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