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American Company Spotlight

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Soltera Mining Corp. Website:
Click Here |
Information As Of April 16,
2008 |
| Exchange:
OTCBB |
Market
Cap:
35.2 Million |
| Outstanding Shares:
66.5 Million |
52 Low / High:
$0.37 / $0.65 |
|
Price April 16, 2008:
$0.53 |
SLTA Recent Stock Quote and News:
Click Here |
'Due to the massive
scale, and proven reserves of Soltera's properties, SLTA
qualifies as a prime candidate to possibly be bought out by
one of the majors. The fact that their properties
geographically lie adjacent to some of the world's richest
mining companies, makes them a prime candidate for a major
buyout.'
Overview
Soltera Mining Corp. is an aggressive exploration company
concentrating on carefully selected gold and base metal
properties in Argentina, Mexico and Canada. All exploration
projects are run personally by Soltera's President, Dr.
Fabio Montanari. Living in Argentina with frequent visits to
Mexico, Dr. Montanari has a hands-on approach to operations.
He is supported by an administrative office in Canada. The
Company's objective is to have the El Torno gold project
ready to start feasibility studies by the end of 2008.
Investment Highlights
- Major gold exploration project in Argentina with
large-scale potential for both underground and open-pit
mining, with fast-tracked feasibility study potentially by
year-end.
- Recently added two past-producing gold properties in
Mexico with potential for more than 1 million oz gold
centered on old mines.
- Copper-gold project in Argentina with previous
(non-43-101 compliant) resource estimate of 50-60 Million
tons at 1% Cu.
- The (Argentinean) government estimates that the upcoming
decade will see US$5 – 7 billion spent on two dozen mining
projects with estimated reserves worth about US$50 billion.
- It is estimated that 75% of Argentina's mineral wealth
has yet to be exploited.
- The Argentina
properties are located just north of Yamana
Gold Inc.'s (NYSE:AUY
/ TSX:YRI
$15.19 per share) 2.9M ounce gold deposit and in the same
highly prolific region of northwestern Argentina where Newmont
Mining Corp. (NYSE:NEM
$47.91 per share) has recently announced gold exploration.
- Gold is traditionally a 'safe haven' for investors in
times of trouble, and tends to keep its value better than
most currencies over time.
Projects
El Torno
The El Torno Project is a past-producing gold
mine located in the Andean Cordillera in the mining friendly
province of Jujuy, Argentina near the international border
with Bolivia. Based on historical drilling (2,100 m),
trenching and sampling, contains an inferred gold resource
of between 500,000 and 2,000,000+ ounces of gold, near
surface. The fact that this resource is close to surface,
will significantly reduce the cost to mine it.
The property consists of four mining rights covering a
total of 7,863 hectares. The area is accessible by road all
year round, with electricity available from Santa Catalina
Village (20 km away) and abundant water in a nearby river.
El Torno contains a large gold-rich quartz vein up to 14
km long and 14 m wide that was worked historically by the
Incas and Spanish who left behind more than 1,000 m of
underground galleries.
Eureka
10,000 hectares. Based on extensive historical sampling,
trenching, test pits and underground workings, contains an
inferred copper-gold resource of 50 to 60 million tons of 1%
copper with alluvial gold mineralization.
Sonora State Properties
1,150 hectares in total, scattered over two properties:
"Casita Colorada" Mine and the Real de Cananea Prospect.
Based on historical mining, contains an inferred gold
resource of 500,000+ ounces of gold
Surprise lake Claims
The Surprise Lake claims are made up of two claims with
total area of 488 hectares located northeast of Atlin,
British Columbia, in an area that is currently being
intensively explored for molybdenum, gold, tungsten and
other metals. The area has a long history of placer old
production and several former small mines.
Soltera has a "multi billion dollar inferred gold and
copper resource" with both commodities being near their record
highs and showing no signs of slowing down. Soltera's
current market capitalization is approximately $35M.
Unlike most junior mining companies, the SLTA has an excess of
$600,000 in cash and is debt free.
Gold is on a Bull Run, and has been going up in price
almost daily. It still has a long way to go before it reaches
the levels it reached in 1980, where in current dollar value
touched around $2,000.00 an ounce. If gold continues to rise,
it could prove to benefit Soltera as well.
President and CEO, Dr. Fabio Montanari, is a seasoned
mining professional whose text books are currently used by a
number of universities in their graduate mining programs. He
has relocated from his homeland of Italy to the area of
Soltera's prized El Torno and Eureka gold and copper projects
in Argentina to ensure their success and maximize shareholder
value. Director, Dr. Kevan L. Ashworth, is internationally
renowned for his extensive knowledge and background in the
mining industry and has been a director of a number of notable
mining exploration companies. He is also retained as an
advisor by several London investment firms.
The Argentina
properties are located just north of Yamana
Gold Inc.'s (NYSE:AUY
/ TSX:YRI
$15.19 per share) 2.9M ounce gold deposit and in the same
highly prolific region of northwestern Argentina where Newmont
Mining Corp. (NYSE:NEM
$47.91 per share) has recently announced gold exploration.
Soltera is presently awaiting analytical results from
geochemical assays at El Torno. These results will be combined
with trenching and geophysical surveys almost completed, to
define an aggressive drill program for the 2nd quarter of
2008. .
It is Soltera's strategic plan to continue to prove mineral
rich resources on their existing properties, and to continue
acquiring other economically friendly, mineral rich properties
for potential development.
All of Soltera's properties were worked at some point by
Penoles Minerals from which most of the inferred resource data
came from. Penoles Minerals discovered and now operates:
Fresnillo - the world's richest silver mine; La Cienega -
Mexico's richest gold mine; and La Herradura - Mexico's
largest gold mine. *Therefore, if Penoles (one of the world's
largest mining companies) was motivated enough to spend all
this money proving SLTA's current properties, when gold was
around $250.00 an ounce, we feel they may be a pretty safe bet
now that gold is hovering around $1000.00 an ounce.
Gold is traditionally a 'safe haven' for investors in times
of trouble, and tends to keep its value better than most
currencies over time. As Alan Geenspan said when he was
Chairman of the Federal Reserve Board of the United States of
America, "Gold still represents the ultimate form of payment
in the world."
For cultural reasons, demand for gold in Asia (in
particular in the high-growth economies of China and India)
looks strong, and set to continue. But global gold supply does
not look like it will keep pace due to the lack of investment
in exploration and mine development in the 90's, when gold
prices were much lower. These are ideal conditions to push the
price of gold higher.
Due to the massive scale, and proven reserves of Soltera's
properties, SLTA qualifies as a prime candidate to possibly be
bought out by one of the majors. The fact that their
properties geographically lie adjacent to some of the world's
richest mining companies, makes them a prime candidate for a
major buyout.
Mining In Argentina
Argentina is a historical producer of minerals and industrial
materials, but an economic slowdown in the late 1990’s leading
to collapse in 2002 made it difficult for the country to bring
these rich deposits to the world markets.
The 2002 collapse saw the economy shrink by 10.9%. Since then,
Argentina’s GDP has grown by 45%, an average of 8.6% a year.
In the 1990’s, the country began to realize its potential for
mining activity. Exports in this sector rose from US$200
million in 1994 to $1.2 billion in 2004. Mineral exports in
2007 are estimated to reach $2 billion.
Barrick Gold Corp’s 2005 decision to move forward with the
US$460 million Veladero project in the San Juan region
demonstrates how attractive the Argentinean mining sector is
becoming. The government estimates that the upcoming decade
will see US$5 – 7 billion spent on two dozen mining projects
with estimated reserves worth about US$50 billion.
Despite this renewed activity in Argentina’s mining sector, it
is estimated that 75% of the country’s mineral wealth has yet
to be exploited.
Soltera Mining Corp. understands that this is an opportunity
not to be overlooked and is well positioned to carry out the
work necessary to join in the prosperity that the Argentinean
economy is showing.
Argentina is rapidly becoming one of Latin America's major
copper and gold producers, posting a remarkable increase in
production over the past 3 years. Gold, copper and silver
production is set to increase with Argentina historically
being a major producer of industrial minerals and construction
materials which contributed at least 66% of mining earnings,
whilst metalliferous minerals contributed only 24%.
The mineral potential of Argentina can be divided into 5 main
regions:
- The Puna Region: which hosts large copper, gold,
silver, tin, lead and zinc deposits and ferrous minerals.
- The Northeast: which has a potential for
diamonds, nickel, amethyst, limestone and ornamental stone.
- The Center: which displays a potential for gold,
porphyry copper, nickel-platinum and manganese.
- The Central Cordillera and Precordillera: which
have proven potentials of porphyry copper and gold as well
as chromium. (El Torno is in this region)
- Patagonia: which has a potential for large
epithermal gold and silver deposits, and polymetallic
lead-zinc deposits.
Recent News and Press Releases
Corporate Update: Soltera Mining Corp. Further
Defines its Major Golden Opportunity
Marketwire(Wed, Apr 16)
SOLTERA MINING CORP. Files SEC form 8-K, Change in
Directors or Principal Officers
EDGAR Online(Wed, Apr 16)
RETRANSMISSION: Soltera Mining Corp. Expands its
Major Golden Opportunity Geochemical and Structural
Survey Results from El Torno, Argentina
Marketwire(Mon, Apr 14)
Soltera Mining Corp. Expands its Major Golden
Opportunity Geochemical and Structural Survey
Results from El Torno, Argentina
Marketwire(Fri, Apr 11)
SOLTERA MINING CORP. Financials
EDGAR Online Financials(Sat, Apr 5)
SOLTERA MINING CORP. Files SEC form 10-Q, Quarterly
Report
EDGAR Online(Mon, Mar 24)
Soltera Mining Corp. Acquires Interest in
Argentinean Copper-Gold Property
Marketwire(Thu, Mar 13)
SOLTERA MINING CORP. Files SEC form 8-K, Completion
of Acquisition or Disposition of Assets, Regulation
FD Disclosure
EDGAR Online(Mon, Mar 10)
Soltera Mining Corp. Acquires Interest in
Argentinean Copper-Gold Property
CCNMatthews(Mon, Mar 10)
Soltera Mining Corp. Acquires Rights to Mexican Gold
Properties
CCNMatthews(Wed, Mar 5)
SOLTERA MINING CORP. Files SEC form 10KSB, Annual
Report
EDGAR Online(Thu, Feb 21
Management
Dr. Fabio Montanari – President/CEO
As President and Chief Executive Officer, Dr. Montanari is
responsible for the overall management of Soltera, and has
been mandated to grow shareholder value through further
exploration and development of Soltera’s recently acquired
rights to explore and purchase mining claims in Argentina via
its wholly owned subsidiary Incas Mineral S.A.
Dr. Montanari brings to Soltera a distinguished international
mining career spanning over twenty-five years. Included is
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.
Dr. Montanari’s responsibilities have encompassed various
mining engineering, operations, pre-feasibility and general
management positions, including business development roles at
the corporate management level.
Dr. Montanari holds a doctorate degree in economic geology
from the University of Ferrara, Italy. Additionally, he is the
author of a textbook on economic geology, "Metals & Industrial
Minerals: Economic & Metalogenic Parameters", which has been
adopted by several major Italian universities.
Mr. Nadwynn Sing - CFO and Corporate Secretary
Mr. Sing obtained his Bachelors of Commerce from the
University of British Columbia, Canada, majoring in Finance
and Urban Land Economics. For the past 8 years, Mr. Sing has
been involved as a consultant in Corporate Finance and
Communications, and has served as the CEO of JT Capital, a
private capital firm.
Contact
Soltera Mining Corp
Canada Head Office
Address:
Suite 1005 - 289 Drake Street
Vancouver
British Columbia
Canada
V6B 5Z5
E-mail:
info@solteramining.com
Telephone: 1-888-768-5552
Information: Investor Relations
ir@solteramining.com
Telephone: 1-866-985-6696
FORWARD LOOKING STATEMENTS
This report includes forward-looking
statements that reflect Soltera Mining Corp. current
expectations about its future results, performance,
prospects and opportunities.
Soltera Mining Corp. has
tried to identify these forward-looking statements by using
words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to
a number of risks, uncertainties and other factors that
could cause Soltera Mining Corp.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and
other factors include, without limitation, the Company's
growth expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
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