Q&A Interview with Gold Stock Soltera Mining Corp. (OTCPK: SLTA); a History of an Argentina Gold Mine
Point Roberts, WA - April 29, 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com release a Q&A interview Dr. Fabio Montanari, President/COO of Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7) for interested investors.
The Company recently reported it had 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 gold & copper area, Sur Eureka.
Dr. Fabio Montanari has an international mining career for over twenty-five years, including senior experience spearheading advanced exploration and mining activities in Africa, South America, Europe, Canada and the United States for a host of internationally recognized exploration and mining companies including: Asarco (US), Golden Star (UK), ENI Group (Italy) and Normabec (CAN). Dr. Montanari has also been a geological consultant to the United Nations under the U.N. Technology Cooperation Schemes.
Q- Investorideas.com
Dr. Fabio Montanari, with your global experience in the mining community, investors would ask – why this location and this mine?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
When I arrived in Argentina in 1996, I reviewed more than 45 mining projects on behalf of a junior mining company from Canada. The junior company decided on pursuing the most promising of these projects but, after the BRE-X crisis of 1997, they were obliged to leave Argentina because it was impossible at that time to obtain funding. The projects then became free and I began to search for investors because I really believed in the properties. These properties were El Torno (gold) and Eureka (gold-copper).
Argentina is a wonderful country. I am Italian and more than 50% of the people here are of Italian origin, which makes it easier for me, but anyway, you can not change the location of a mine: I have evaluated many other projects around the world but I had not found one more promising than El Torno.
Q- Investorideas.com
And following our first question, the El Torno Project is a past producing gold mine. Can you give investors some of its history and what has transpired to take the company to its current status as a gold producer?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
The mine is very old. It was exploited by the Incas and Jesuits; the indigenous peoples knew of the gold in this area as it was easy to exploit.
More recently, the titleholder was crushing and concentrating the ore near the principal vein with a jaw crusher, a ball mill and a shaking table and was able to recover substantial amounts of gold.
When I started the project it seemed easy to raise funds for exploration so I did not attempt to immediately exploit. I am convinced that El Torno can be a world-class mine, and after the geochemical exploration results and the structural survey accomplished last year, it appears that we could be comparable in some ways to Cerro Vanguardia, the well known Anglo Ashanti gold mine in the south of Argentina.
After the crisis of 2008 it was difficult to raise funds for exploration, so I reached an agreement with the titleholder to exploit the eluvial part of the mine, which I am confident will be very inexpensive and productive. We intend to use part of the revenue generated from this surface mining to test the large-scale open-pit and underground targets that we have already identified. For example, the notes of the geological map of the province report that samples of the rock in the sides of the principal vein contain as high as 110 g/ton of gold. We will be testing the extent of this mineralization by geophysics, sampling and drilling.
Q- Investorideas.com
Can you tell investors what other mining companies (majors) are in the area for comparisons?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
Rio Doce Argentina (CRVD Brazil owned) with more than 5 mining concessions, Minera Aguilar (Xstrata owned) with at least 2 concessions, Cardero Resources, Yamana Gold and other very large companies are on our license border. However, our El Torno property is the only one in the area with an historic gold mine. Our impressive neighbors have licenses over huge areas but without old gold or copper mines. I think they are hoping we might leave our concessions. In fact, back in the 1990’s Penoles and Codelco started exploration on our properties but failed to reach an agreement with the titleholder before their initial results proved so successful. Trying to negotiate terms after their results were in proved impossible. Good thing for us. I learned from their mistake and managed to negotiate our exploration agreement up front.
Q- Investorideas.com
As you transition to gold producer some key factors to success moving forward would include infrastructure in the surrounding area in addition to corporate funding. Can you tell us what is in place for the company today and plans moving forward?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
We have a gravitational concentration plant in place and we recently restarted the plant to find it is in perfect condition ready to produce gold. We have a 6500 volt electricity line only 8 km from the actual plant and less than 5 km from the project; we have a river with perennial water at 200 meters from the plant and a big river, marking the border between Bolivia and Argentina 5 km to the north of our project.
Also, there is a vibrant long existing local gold trade allowing us to sell un-smelted gold directly from the eluvial project at very good rates. Everything we could need is right there. We are in Andes “gold country” after all. A bus line terminates at Santa Catalina Village only 11 km from the property. You can easily come to visit me on the project if you like.
Q- Investorideas.com
Based on the exploration work done to date, what is the potential for Soltera’s properties?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
The market does not respond much to geochemical prospecting, which is what I have been doing here for the past two years; but I have more than 20 years experience with this methodology and from what I have analyzed to date, the potential of the El Torno project is very big.
My short-term goal is to gain an immediate and self-sustaining source of revenue from the eluvial operation, but the real prize is in furthering exploration of the gold vein system as well as the large geochemical gold anomalies discovered last year. We are currently sourcing financing for this exploration work, but in the meantime we will have enough income to go it alone until funding is secured.
More info about 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.
For disclosure purposes, Soltera is a showcase mining stock on Investorideas.com and compensates the company accordingly. See below)
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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