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Soltera Mining and Goldlake Group Sign Agreement to Explore and Develop Gold Production |
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JUJUY, ARGENTINA--(Marketwire - 06/23/10) - Dr. Fabio Montanari, President and CEO of Soltera Mining Co. (PINK SHEETS:SLTA - News) (Frankfurt:SN7 - News), is pleased to announce that Soltera has signed an agreement with Goldlake Group, a world leader in the production of natural/ethical gold from alluvial deposits in Honduras, Central America. The first objective of the agreement is to develop eluvial gold production from the El Torno property in northern Argentina. |
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Soltera Mining Corp. (OTC: SLTA.PK) is a gold exploration company concentrating on its large-scale El Torno Gold Project in the Province of Jujuy in north-west Argentina. Soltera is an unusual exploration company in the sense that it is following two distinct lines of action: the first is to explore potentially large vein and dispersed gold deposits that occur within the 78 km2 title area; while the second is to develop the easily exploited and substantial surficial gold deposits that have formed by weathering of the underlying gold-bearing bed rocks. Portfolio Highlights: - Major gold exploration project at El Torno in Argentina with large-scale potential for both underground and open-pit mining.
- Near-term small-scale gold production being developed from gold-bearing surficial deposits found in several parts of the area.
- Sur Eureka copper-gold project in Argentina, 3 km from El Torno, which at the moment is essentially a holding project over a 29 km2 area with good potential for stratabound copper.
All exploration projects are run personally by Soltera’s CEO/President, economic geologist, Dr. Fabio Montanari. Living near the projects in Argentina, Dr. Montanari has a hands-on approach to operations. Flagship Project - El Torno  The El Torno property contains a large near-surface gold-quartz vein up to 14 km long that was historically worked in turn by the Incas, Jesuits and Spanish who left behind 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 veins that can extend up to 1 km from the main vein. Read more... | EL TORNO GOLD PROJECT REPORT | |
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