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Este blog fue creado para publicar novedades sobre la mineria en Argentina, complementando así nuestro web y presencia en redes sociales. Como todas nuestras actividades, apunta a conectar a la comunidad minera argentina y establecer un ámbito de promoción de la actividad en el mundo, generando oportunidades de negocios.
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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.

27 sept 2010

Newly-Listed Soltera Mining Possesses 14 KM Long Gold-Rich Quartz Vein with Characteristics of a 2M Oz. Deposit

BBXMarketWatch Journal has published a review entitled "New Issue to the Markets, World-class technical leadership with a highly prospective claim" about Soltera Mining Corp. (OTCBB: SLTA) (FRANKFURT: SN7). The review offers insight and opportunity afforded investors as Soltera focuses on the exploration of its El Torno project in the province of Jujuy, Argentina located north of Yamana's 2M+ oz deposit. The El Torno gold prospect is a past-producing gold mine and Soltera believes that modern exploration techniques will allow for the further extraction of gold from the area.

The full review may be found at: http://www.BBXMarketWatch.net/slta.htm

Excerpts:

1) "Dr. Fabio Montanari, Soltera's President/CEO, is a mining professional who literally wrote the book on mining (his text books are currently used by a number of universities in their mining graduate programs) and has personally relocated from Italy to the location of Soltera's prized El Torno mining project in Argentina to ensure success and maximize shareholder value -- certainly an example of leadership that will "walk the talk" and one of a host of reasons for us to take the time to familiarize ourselves with what may well be one for the books. The recent addition of Dr. Kevan L. Ashworth to Soltera's board of Directors should give cause for astute investors to pay attention as Dr. Ashworth is internationally renowned for his extensive knowledge and background in the mining industry and is currently a Director of a number of companies involved in mineral exploration, and is retained as an adviser by several London investment organizations."

2) "Historically, El Torno is a large gold-rich quartz vein up to 14 km long and 14 m wide that was worked by the Incas, Jesuits and Spanish and has more than 1,000 m of underground galleries. The vein extends north-south, is sub-vertical, and is accompanied in places by a stockwork system of small quartz and pyrite veins that can extend up to 300 m from the main vein. The prospect was investigated by Puma Minerals in 1997 who carried out more than 2,100 m of drilling; then by Peñoles in 1999, who undertook trenching, grab sampling, geological surveying as well as a geophysical IP survey. Soltera believes results from these two former exploration programs justify further exploration of the prospect."

3) "As the El Torno project is a past-producing mine going back centuries, the author of this article has independently investigated for the purpose of determining what type of historic results and observations serve as possible indicators and has learnt that impressive historic (non 43-101 compliant) numbers were recorded by Puma Mineral's 1997 drilling; Gold values for the main vein were between 5 g/t and 37 g/t and the stockwork system showed up to 23 g/t gold accompanied by silver in the ratio of 1:1. Subsequently Peñoles re-interpreted the Puma Minerals drill data and after further aforementioned work estimated (non 43-101 compliant) that a 1.3 km length of the vein would have the potential for more than 500,000 ounces of gold to a depth of 100 m and that a 2 to 2.5 km length to a depth of 400 m would have potential for more than 2 million ounces (assuming a grade of 10 g/t). Additionally, the current titleholder has recently (within the last year) mined parts of the upper 2 to 3 m of parts of the vein and an alluvial deposit near to the vein; the gold was recovered as particles and micro-nuggets, which suggests that gold in the vein is free rather than locked in pyrite grains."

4) "El Torno is a large proven gold-rich quartz vein up to 14 km long and 14 m wide. With under 45M shares outstanding and this new issue trading under US$1 per share the likely upside potential is clearly evident considering the following 5 points..."

The full review may be found at: http://www.BBXMarketWatch.net/slta.htm

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.



Author Information

ALFRED SEUNG
BBX Market Watch

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