Soltera Mining Corp (fka SLTA)

[kiwisteve]

We haven't had an official confirmation of full production as yet, however the photos recently uploaded to twitter shows a new backhoe feeding the gold plant from as far back as April this year.

The aim is to produce 2000oz from alluvial over 12mths and use funds approx (2mill) to finance further exploration for open pit potential until JV financing is sourced.

Here is a statement from the Sept 09 about filings with SEC which to me seem to be completed so I'm not sure what the problem is with the pinksheet status. I did email them but not had a reply as yet.

"Soltera has recently filed its Annual Report for 2008 and is preparing its 10-Q filings for 2009. Once these documents have been filed with the SEC and Soltera is current with its United States filings, Soltera will work towards being reinstated for quotation on the OTCBB. Soltera is also currently in the process of raising funds to carry out the program described herein."
http://www.solteramining.com/index.php?option=com_content&task=view&id=60&Itemid=58

All filings can be found here: http://finance.yahoo.com/q/sec?s=SLTA.PK+SEC+Filings

Welcome 'jackfrost' to SLTA board. Speaking for myself, I have a fairly long term view of SLTA having followed the company for almost 4 years now.


From the PR April 6, 2010:
Additional Information on El Torno
The central parts of the El Torno gold-bearing quartz vein system have been worked since the Incas, resulting in approximately 1000 metres of underground galleries. The gold is concentrated in a 2 m thick zone along the western side of the system. More recent drilling and other exploration work by Peñoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 m or 2 million ounces to a depth of 400 m at an assumed grade of 10 g/t gold (non-NI 43-101 compliant). Stream sediment geochemical exploration by Soltera suggests that the vein system is mineralized throughout its full 14 km length. The potential will be tested by geophysical surveys and diamond drilling.

The Soltera stream sediment surveys also showed broad and strong gold anomalies over wide areas of the country rocks as far away as 3 km from the main vein. These are centered on suites of small veins and stockworks within the country rocks and they appear to be major open-pit targets. These targets will be tested by a programme of trenching, sampling and drilling.


Kiwi.