TORONTO, 
, Mar 31, 2011 (MARKETWIRE via COMTEX News Network) --
SoltoroLtd. (TSX VENTURE: SOL) recently completed four diamond drill holes inthe Las Bolas resource area and one hole in the Matachines resourcearea. Three of the holes in the Las Bolas area were step-out holesdesigned to increase the existing NI 43-101 resource, test the envelopeof the Las Bolas deposit and test for a sulphide zone at depth. Thestep-out holes encountered significant mineralized widths in excess of85 metres with one hole intercepting 160 metres of 47 g/t silver.Ray11-54 was drilled 400 metres off the main structure and is one of thedeepest holes completed to date in the Las Bolas deposit area. Ray11-54encountered oxidized sulphides at depth suggesting that this hole hasreached the transition zone between oxidized and sulphidemineralization. One infill drill hole Ray11-56 was completed on sectionS04. Results were returned as follows:
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Section Drill From: To: Width:(1) Silver:
Line: Hole: (metres) (g/t)
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S04 Ray11-54 76.1 85.7 9.6 63
227.5 245.0 17.5 44
Including 227.5 231.6 4.1 78
268.7 385.0 116.3 47
Including 268.7 279.5 10.8 69
Including 285.5 289.2 3.7 102
Including 373.5 383.4 9.9 72
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S03 Ray11-55 94.0 99.5 5.5 60
198.0 220.0 22.0 50
252.1 338.9 86.8 44
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S04 Ray11-56 5.0 12.0 7.0 43
27.0 44.2 17.2 44
61.0 66.7 5.7 47
105.0 128.7 23.7 43
174.0 199.0 25.0 42
222.0 258.9 36.9 49
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S01 Ray11-57 16.0 26.0 10.0 42
81.0 241.0 160.0 47
Including 124.0 140.0 16.0 80
Including 210.0 241.0 31.0 81
Including 216.0 224.0 8.0 106
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(1) All intersections are reported as drilled thickness. True widths
are not known at this time but are close to drilled widths.
AndrewThomson, President and C.E.O. of Soltoro Ltd., stated: "The deeperholes drilled at Las Bolas continue to intercept significant widths ofmineralization at depth. This drilling indicates that we have reachedthe transition zone between oxide and sulphide mineralization. Furtherdrilling to test for the sulphide zone at depth is warranted. Resourcedefinition drilling is ongoing."
A single drill hole was completed in the Matachines mine area on the southof the Las Bolas structure 100 metres south of prior drilling bySoltoro. This drill hole was designed to test both the strike extensionof the Las Bolas structure and the projected intersection of the LasBolas and La Soledad structures at depth. This drill hole was completed200 metres south of the Matachines Mine. Results were returned asfollows:
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Silver
Width: Equ.:
Deposit Section Drill From: To: (1) Au Silver: Lead (2)
Area: Line: Hole: (metres) (g/t) (g/t) (%) (g/t)
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Matachines S22 Ray11-58 51.5 66.5 15.0 0.080 23 4.39 118
including 56.0 60.0 4.0 0.150 41 8.08 214
72.0 77.0 5.0 0.026 14 2.67 73
231.0 245.0 14.0 0.010 43 0.08 43
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(1) All intersections are reported as drilled thickness. True widths are not
known at this time but are believed to be close to drilled widths
Gold values were not included in the silver equivalent calculation;
metallurgical recoveries & net smelter returns are assumed to be 100%.
(2) The price of silver was assumed to be $US 37/oz and the price of lead
was assumed to be $US 1.20/lb.
Amap showing the location of the drill holes may be viewed at: https://www.soltoro.com/projects/pdf/NR91Drillhole.pdf
Sectionswill be made available on Soltoro's web site when they are completed.To view a 3D image showing the new holes in relation to the Las Bolasdeposit please visit Soltoro's web page at www.soltoro.com.
TheCompany has also completed a soil sampling program above the Las Bolasdeposit area in order to identify potential drill targets along theSanta Fe north east extension. A total of 677 samples were taken over astrike length of 5 km. A trenching program has been completed on theSoledad structure south the Las Bolas structure. The Soledad structurehas been traced for approximately 900 metres along strike with 22trenches completed to date. La Soledad is a north west trendingstructure which runs parallel to the Catarina structure andperpendicular to the Las Bolas structure. La Soledad has never beendrill tested and is covered by overburden for the most part. Resultsfrom the trenching program are being compiled and will be releasedshortly.
Assaying from this program was completed by ALS Chemex through their office in Guadalajara, .Gold was analyzed using a 30g fire assay with AA finish while thesilver is analyzed using a four acid "near total" digestion package. Mr.Patrick Toth, P. Geo., Vice President of Operations, Soltoro Mexico is aqualified person as defined by NI 43-101 has reviewed and approved thecontents of this press release.
About Soltoro:
Soltoro isengaged in exploration for bulk tonnage gold and silver deposits inMexico. The Company continues to expand the existing NI 43-101 compliantprimary silver resource on its El Rayo project. Soltoro has optioned aportion of its Quila claim to Timmins Gold Corp., optioned its Victoriaand Coyote claims to Argentum Silver Corp. and is actively advancing itsLa Tortuga, Chinipas, El Santuario and Pena Grande projects. Soltorohas 47,658,629 shares outstanding and trades on the TSX Venture Exchangeunder the symbol SOL.
This communication to shareholders and the public contains certain forward-looking.Actual results may differ materially from those indicated by suchstatements. All statements, other than statements of historical fact,included herein, including, without limitations statements regardingfuture production, are forward-looking statements that involve variousrisks and uncertainties. There can be no assurance that such statementswill prove to be accurate and actual results and future events coulddiffer materially from those anticipated in such statements
Neitherthe TSX Venture Exchange nor its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Contacts: Soltoro Ltd. Andrew Thomson President (416) 987-0722 www.soltoro.com
SOURCE: SOLTORO LTD.
https://www.soltoro.com
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