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Tuesday, April 20, 2010

Gold Stock Soltera Mining Corp. (OTCPK: SLTA) ; Company Transitions to Gold Producer

Gold Stock Soltera Mining Corp. (OTCPK: SLTA) Update for Investors; Company Transitions to Gold Producer
Soltera Mining plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year



Delta B.C., April 20 , 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com update the profile for showcase gold mining stock Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7) with recent news and commentary for interested investors, as the company transitions to gold production.

Recent News and Commentary:
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity

Lisa Springer, CFA

Equity research analyst and financial writer

Excerpt:

Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually.
Read Full Article: http://www.investorideas.com/CO/SLTA/news/4151.asp


News:

April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.

Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:



* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and

* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.

Full Press Release: http://www.investorideas.com/CO/SLTA/news/4121.asp


Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):

Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/


Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74



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Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision



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Contact Soltera Mining Corp.

Fabio Montanari, President/COO
info@solteramining.com

+1 888-768-5552
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