TORONTO, ONTARIO -- (Marketwired) -- 05/21/13 -- Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE: SVV)(OTCQX: SVVZF) is pleased to announce the completion of its 8,000 metre, Phase 1 drill program on three separate targets within the Caramanta Porphyry Cluster at its Caramanta Project. The Company is also pleased to release the results of seven additional drill holes on its El Reten gold-copper discovery (the first of the three targets drilled within the Caramanta Porphyry Cluster) completed as part of the Phase 1 drill program. These results further support the Company's model that the Caramanta Porphyry Cluster represents a cluster of related mineralized bodies and as such, has the potential to host significant new gold-copper porphyry discoveries in the Middle Cauca Belt of Colombia. Final assay results from the second and third target areas (known as El Corral and Ajiaco Sur) are pending and the Company looks forward to releasing these, once all data have been received and verified.
-- The latest El Reten drill results have increased the overall dimension of the mineralized body by expanding the previously defined surface footprint, as defined by the previous drill holes announced in 2012, to the southwest and increasing the known vertical extent, as well as confirming the gold and copper grades previously reported: -- Drill holes CAD-1218 and CAD-1220 extended the known vertical limits of mineralization beyond that previously defined, with CAD-1218 intersecting 456.7 m at 1.40 g/t Gold Equivalent (AuEq), including 100.8 m at 2.20 g/t AuEq and CAD-1220 intersecting 323.4 m at 1.74 g/t AuEq including 80.1 m at 3.00 g/t AuEq and, -- Drill hole CAD-1221, with an intersection of 137.0 m at 1.22 g/t AuEq, extended mineralization beyond the previously defined southwestern limits.-- Drilling completed on a third platform at El Reten, located 180 m NNW from the discovery platform confirmed the continuation of significant mineralization to the north of the previous platforms with drill hole CAD-1323 intersecting 197.4 m at 0.81 g/t AuEq, including 82.9m at 1.13 g/t AuEq;-- Based on a recent geophysical remodeling, incorporating all new data, a new drill target has been identified to the immediate northwest of the currently drilled areas.-- El Reten is only one of three known centres of porphyry-related mineralization within the Caramanta Porphyry Cluster, a three kilometre trend 100% owned by Solvista, that the Company has partially drilled as part of its Phase 1 drill program. Although assay results are pending from the other two targets drilled, based on visual indications from the drill core at El Corral and Ajiaco Sur, it appears that both systems are similar in terms of alteration types and vein and fracture controlled mineralization, but more copper (and silver) dominant than El Reten. In addition to the three separate target areas drilled to-date, the Company has defined two additional targets in the Caramanta Porphyry Cluster, known as Malabrigo and Casa Verde, which the Company plans to drill test in Q3 2013;-- Based on all work completed to date, the Company believes that the three kilometre long Caramanta Porphyry Cluster represents a dynamic, long- lived magmatic-hydrothermal system with the potential to host somewhat different styles of mineralization in different geographic locations within the Cluster; however, it is believed they all are related to the one mineralizing event.