Talayote Gold Zone Discovered At El Rayo Project

TORONTO, ON - Soltoro Ltd. discovered the previously unknown Talayote gold zone as part of its ongoing regional mapping and sampling program. Soil sampling detected several isolated gold anomalies in the area and follow-up geologic mapping and rock sampling revealed a series of northwest-trending quartz veins. Veins in the Talayote area are similar in orientation to those in the El Rayo gold deposit, located approximately 1.5 kilometers to the southeast. Thirty-two samples have been collected from the Talayote area to date.

Andrew Thomson, President and CEO said, "Soltoro continues to discover new mineralized zones at El Rayo as part of its regional mapping and sampling programs. The newly identified Talayote gold zone represents a series of high-grade gold veins sub-parallel to the El Rayo gold zone. Trenching and further sampling is required to define drill targets."

Mineralization in the Talayote area consists of a series of northwest-trending quartz veins dipping steeply to the northeast. Host rocks are andesite and basalt flows and tuffs similar to the El Rayo and Las Bolas deposits elsewhere on the Property. At this time it is unclear whether these vein systems represent displaced segments of the northwest- trending El Rayo structure or whether they are separate en echelon vein systems. The El Rayo gold deposit contains an Indicated resource of 22,600 ounces gold (380,000 tones averaging 1.85 g/t gold) and an Inferred resource of 18,900 ounces gold (365,000 tones averaging 1.61 g/t gold).