Soltera Mining's (OTCBB:SLTA) 2008 Exploration Plan for 14KM-long Gold-Rich Quartz Vein Presents Excellent Risk-Reward Scenario

Share Article

With under 43M shares outstanding, this new issue is trading well under US$1 per share and provides good upside potential. SLTA is debt free, has a current market cap of under a mere $22M (as of Jan 08), and appears to be an exceptional candidate for upside valuation as Soltera's managements team executes upon its plan to use modern exploration techniques that will lead to large scale extraction of gold from the area. Soltera Mining Corp. (OTCBB: SLTA) (Frankfurt: SN7) possesses a large gold-rich quartz vein up to 14 km long and 14 m wide known as the El Torno Project. The El Torno Project is a past producing gold mine that was worked by the Incas, Jesuits and Spanish in parts.

Mining MarketWatch Journal has published an updated review on 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. 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. Planned development of Soltera's El Torno mining concession heightens the potential for significant upside share price movement/valuation.

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

Excerpts:
1) "Investors would do well to pay close attention to Soltera's El Torno Project in 2008. Historic (non 43-101) drilling and related interpretation by Puma Minerals and Peñoles in addition to evidence of historic mining over the centuries convey the earmarking of a significant gold prospect that is likely to propel Soltera into the fore of South American mining. SLTA is debt free, has a current market cap of under a mere $22M (as of Jan 08), and appears to be an exceptional candidate for upside valuation as Soltera's managements team executes upon its plan to use modern exploration techniques that will lead to large scale extraction of gold from the area. ... A look at SLTA's preliminary exploration efforts and of the historic mining evidence along the 14KM+ long El Torno gold quartz vein reveals a prospect that is ripe for gold mining using modern techniques."

2) "Soltera Mining Corp. possesses a large gold-rich quartz vein up to 14 km long and 14 m wide known as the El Torno Project. The El Torno Project is a past producing gold mine that was worked by the Incas, Jesuits and Spanish in parts using only the simplest of means (within the last year the upper 2 to 3 m of parts of the vein and an alluvial deposit near to the vein were mined; the gold was recovered as particles and micro-nuggets); Soltera is confident that modern exploration techniques will allow for the further extraction of gold from the area and is expeditiously moving to exploit the mining concession."

3) "The El Torno Project is a historic past producing gold mine in parts ... The vein 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.

4) "Historic results and observations serve as possible indicators: El Torno is a past-producing mine going back centuries and has only recently undergone some modern exploration techniques. The related data predates 43-101 legislation and thus are not to be relied upon for investment purposes, they merely form a basis for better understanding the prospective nature of the claim. However the available data will give Soltera a leg-up in as it rolls up its sleeves to bring the data compliant and hopefully put numbers in the ground on its balance sheet ... 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."

5) "Combine SLTA's exceptional and proven El Torno mining concession with a highly skilled technical team and investors have a recipe for feral-like upside share price movement/valuation as the story of this new listing to the market gets better known and management executes on their plan to develop. The dedication and calibre of the technical leadership / Sr. management is exceptional. 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. Soltera's President/CEO, Dr. Fabio Montanari, is a mining professional whose text books are currently used by a number of universities in their mining graduate programs and has personally relocated from Italy to near the location of Soltera's prized El Torno mining project in Argentina to ensure success and maximize shareholder value."

6) "With under 43M shares outstanding and this new issue trading under US$1 per share the likely upside potential is clearly evident considering the following..."

The full review may be found at: http://miningmarketwatch.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.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

ALFRED SEUNG
Visit website