Coyote Project

Silver-Gold
1053 Hectares
100% held by Argentum Silver Corp. (ASL:TSX-V)


Soltoro holds 7,000,000 shares of Argentum Silver Corp. +
Soltoro retains a 3% N.S.R. interest on the Coyote Project

 

Location: The Coyote Project is located in western Jalisco State, Mexico, in the municipality of Ayutla, at an elevation of between 1600 and 2200 masl. It is accessed from Guadalajara (the capital city of Jalisco) 115 km west along a paved highway to Volcanes and Tierra Blanca then onto gravel roads to the small town of Chilocoyote, all drivable year-round.

History: The historic El Tajo mine was the largest old mine which was primarily mined for silver with gold credits around 1890 through to the Mexican revolution. Two other underground mines are known on the property in addition to numerous smaller surface workings. The area was placed into a Mexican National Mineral Reserve in the 1970's and mapping and sampling was completed by the Consejo de Recursos Minerales in the late 1970's. Soltoro is in the process of acquiring and reviewing these historic reports.

Geology: The area of the Coyote Project is located in the western portion of the Jalisco Block and is surrounded by the younger Trans Mexican Volcanic Belt. The main rock outcropping on the property is a rhyolite tuff which hosts numerous epithermal quartz veins.

Mineralization at the Coyote Project is silver with lesser gold hosted in a banded and brecciatied quartz veins. The mineralized zone, as seen by Soltoro staff, extends over an area of about 2500m by 2000m. Five principal veins systems with a cumulative strike length of at least 5 km are known which appear to be related to a set of strike slip faults and their subsidiary dilation zones. Mineralization is known to exist over at least 100m vertical distance.

Recent programs: On November 14th, 2012, Argentum Silver received complete results from the last 7 of 17 diamond drill holes recently completed during the Phase II drill program at the Coyote silver-gold property in Jalisco, Mexico. Of the 7 remaining holes to be fully reported, 4 tested the El Tajo vein and 3 tested the La Colorada vein northwest of El Tajo. Highlights from the last 7 drill holes include 3.70 metres of 179 g/t Ag not previously reported in Hole 2102-36 and 2.90 metres of 449 g/t Ag and 1.44 g/t Au in Hole 2012-42. On July 11, 2012, assay results from 10 additional diamond drill holes completed on the La Florida and La Colorada veins. The drilling intercepts 10 metres of 117g/t silver and 2.3 metres of 419 g/t silver at the Coyote silver gold property, located in Jalisco State, Mexico. These 10 drill holes represent the balance of a first phase 26 hole orientation drill program completed by Argentum Silver at Coyote. Argentum Silver is currently in negotiations with several drilling contractors, and the total number of metres proposed for this program has yet to be determined. Trenching mapping and sampling programs will continue in order to cary out a fall/winter 2012 drill program.