Drilling Intercepts At The Coyote Project
TORONTO, ON - Soltoro Ltd. and Argentum Silver Corp. reported 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.
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.
Andrew Thomson, President 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 1900½s. Historic production concentrated on "bonanza" silver grades with operational depth limitations due to the high water table.