PRZOOM - /newswire/ -
Jujuy Province, Argentina, 2009/06/29 - Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. is pleased to present Soltera’s conclusions on the potential of their El Torno gold property - SolteraMining.com. OTC: SLTA; FRANKFURT: SN7
To date, Soltera has carried out two extensive geochemical sampling programmes and a detailed structural survey and reinterpretation of the geology of El Torno. The results of this initial exploration work show that:
• The main vein system appears mineralized along its full length of 14 kilometres.
• The vein system is folded into an anticlinal form and the tested mineralization in the west wing could extend across into the east wing, doubling the gold potential.
• There are broad and strong stream sediment geochemical gold anomalies over wide areas of the country rocks as far away as 3 km from the main vein, each centered on suites of small veins and stockworks that may be major open-pit targets.
• The exploration area has been effectively reduced from 80 km2 to 10 km2.
• Within this precisely defined 10 km2 area there is potential for several million ounces of both underground and open-pit gold.
The next step is to carry out a two-pronged exploration programme on both the geo-chemical anomalies and the main vein system. Mapping, surface sampling and small, specifically targeted, geophysical programmes will be used to define drill targets.
Soltera’s President/CEO, Fabio Montanari, states, “We are very pleased with the results of our initial exploration efforts. On top of the very large near-surface vein, we now believe we have a doubling of the vein potential due to the anticlinal fold and several broad and strong (2-4 km2) geochemical gold anomalies suggesting large open-pit potential.”
Soltera (solteramining.com) is currently in the process of raising funding to carry out these programmes.
About El Torno
El Torno is located in the Andean Cordillera near the international border with Bolivia and is within a major mineralized belt that extends several hundred kilometers through Argentina into Bolivia. The project covers an area of 78 km2 that contains a very large gold-bearing quartz vein system that extends intermittently north-south for 14 km with veins up to 20 metres wide.
The central parts of the system have been worked since the Incas, resulting in approximately 1000 metres of underground galleries. More recent work by Peñoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 metres or 2 million ounces to a depth of 400 metres at an assumed grade of 10 g/t gold (non-NI 43-101 compliant).
The full report with maps is available from Soltera’s website.
About Dr. Montanari
Dr. Montanari’s twenty-five year international mining career includes senior experience spearheading advanced exploration and mining activities in Africa, South America and Europe for a host of exploration and mining companies including Asarco (US), Golden Star (US), ENI Group (Italy) and Normabec (CAN). Dr. Montanari has also been a geological expert to the United Nations under the U.N. Technology Cooperation Schemes.
Dr. Montanari holds a doctorate degree in economic geology from the University of Ferrara, Italy. Additionally, he is the author of a textbook on economic geology, "Metals & Industrial Minerals: Economic & Metallogenic Parameters", which has been adopted by several major Italian universities.
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