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SOL

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Share Name Share Symbol Market Type
TSXV:SOL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Soltoro and Argentum Silver Drilling Intercepts 5.2 Metres of 438 g/t Silver Including 2 Metres of 899 g/t Silver at Coyote P...

11/06/2012 2:00pm

Marketwired Canada


Soltoro Ltd. (TSX VENTURE:SOL) and Argentum Silver Corp. (TSX VENTURE:ASL) are
pleased to announce assay results from eight additional diamond drill holes
recently completed on the El Tajo and Bocancha veins at the Coyote silver gold
property, located in Jalisco State, Mexico.


Highlights include 5.2 metres of 438 g/t silver from hole 2012-23 including 2.0
metres of 899 g/t silver. Hole 2012-22 also intersected a second, shallower vein
grading 1.0 metre of 424 g/t silver. Highlights of the El Tajo and Bocancha
drill holes are as follows: 




----------------------------------------------------------------------------
                                           DRILL                            
HOLE                     FROM      TO      WIDTH SILVER   GOLD   LEAD   ZINC
ID(i)            VEIN     (m)     (m)    (m)(ii)  (g/t)  (g/t)    (%)    (%)
----------------------------------------------------------------------------
2012-10       EL TAJO   106.0   107.0        1.0    142   0.33   0.21   0.61
----------------------------------------------------------------------------
2012-22       EL TAJO    22.8    23.8        1.0    424   0.21   0.38   0.08
----------------------------------------------------------------------------
2012-22       EL TAJO    87.0    89.8        2.8    266   0.60   0.33   1.29
----------------------------------------------------------------------------
2012-23       EL TAJO    72.0    72.6        0.6    303   0.66   0.12   0.11
----------------------------------------------------------------------------
2012-23       EL TAJO    84.5    89.7        5.2    438   0.18   0.35   0.33
----------------------------------------------------------------------------
including     EL TAJO    86.8    88.8        2.0    899   0.17   0.44   0.48
----------------------------------------------------------------------------
2012-20      BOCANCHA    51.9    53.0        1.1    269   0.06   0.35   0.40
----------------------------------------------------------------------------
2012-20      BOCANCHA    67.5    70.5        3.0     51   0.05   0.19   0.24
----------------------------------------------------------------------------
(i)   Drill holes 2012-15, 2012-16, 2012-21, 2012-24 did not intercept      
      significant assay values                                              
(ii)  True widths are estimated to be roughly 70% of drill intercept length.



Drill holes 2012-10, 2012-22 and 2012-23 indicate the El Tajo vein hosts the
potential for further bonanza-style silver grades at depth. Highlights of
previously released drill holes 2012-1 through 2012-7 at El Tajo include
intercepts of 2.0 metres of 2,745 g/t silver in hole 2012-3 and 1.20 metres of
1,645 g/t silver in hole 2012-7. To date, a total of 11 holes have been drilled
at the El Tajo vein which has been tested over a 500 metres strike length.
Complete highlights from the previous seven drill holes are available in NR122
dated February 29, 2012 and NR125 dated March 6, 2012.


Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "At Coyote,
drilling has intercepted significant widths of high-grade silver mineralization
below the known historic mine workings. Further drilling is planned by Argentum
Silver to test the structure at depth and along strike to investigate increasing
the tonnage potential." 


The 1,053 hectare Coyote property contains dozens of individual low sulfidation
epithermal silver-gold veins and stockwork. Most of the mineralization occurs
within six defined zones within an area of approximately 1.5 by 2.6 kilometres.
Vein widths typically range from 1 to over 5 metres. Local areas of stockwork
can exceed 35 metres in width. Over 100 historic workings and prospects explored
and partially developed the district through the early 1900's. Historic
production concentrated on "bonanza" silver grades with operational depth
limitations due to the high water table. 


Equity held in ASL & royalty held on the Coyote property: 

Soltoro Ltd. holds a total of 6,760,000 common shares of Argentum Silver Corp.
Under the terms of the option agreement signed on April 25, 2011, Argentum must
evidence certain exploration expenditures in order to complete a 100% transfer
of title interest of the Victoria and Coyote properties. On transfer of the
properties, Soltoro will retain a 3% Net Smelter Return interest in each project
whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum
of 2% for each project. 


Mr. Steven T. Priesmeyer, C.P.G., Vice President of Exploration for Soltoro Ltd.
and a qualified person as defined by NI 43-101 has reviewed and approved the
technical contents of this press release. Assaying from this program was
completed by ALS Chemex through their office in Guadalajara, Mexico. Analytical
procedures include a 33-element ICP-AES analysis (ME- ICP61m) and a 50 g FA AA
finish for gold (AA-24). Silver assays exceeding 100 g/t are re-assayed by HCL
leach with an ICP-AES or AAS finish (OG62). 


About Soltoro: 

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in
Mexico. Soltoro holds in excess of 55,000 hectares of ground in Jalisco State.
The Company has a diamond drill rig and a reverse circulation drill rig
operating at the El Rayo silver project with the objective of expanding the
existing NI 43-101 silver resource. Soltoro has optioned three of its properties
in Jalisco State. The Company is seeking partners to advance its Chinipas, La
Tortuga, El Santuario and Pena Grande projects. Soltoro has 59,118,037 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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