TORONTO, ONTARIO -- (Marketwired) -- 06/11/13 -- Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE: SVV)(OTCQX: SVVZF) is pleased to announce the discovery of a second mineralized porphyry system at its El Corral target, the second target drilled of six identified targets, within the Company's 100% owned Caramanta Porphyry Cluster ("CPC") at its Caramanta Project. These results confirm the Company's model that the three kilometre long CPC represents an aligned cluster of related mineralized bodies and as such, has the potential to host additional, significant new gold-copper porphyry and other related discoveries in the Middle Cauca Belt of Colombia. The Company had previously announced the discovery of a mineralized porphyry system at El Reten, the first target drilled within the CPC (see press releases dated September 17, 2012, September 25, 2012 December 11, 2012 and May, 21, 2013). Final assay results from the third target area (Ajiaco Sur) drilled as part of the Phase 1, 8,000 metre drill program are pending and the Company looks forward to releasing these, once all data have been received and verified.
-- Five drill holes, from one drill platform, were completed at the El Corral target, and all five intersected significant intervals of Cu-Au- Ag-Mo mineralization: -- Drill hole CAD-1205, drilled to the northeast at -55 degrees, intersected 197.9 metres at 0.92g/t AuEq, including 113.7 metres at 1.14 g/t AuEq, -- Drill hole CAD-1207, drilled vertically, intersected 88.6 metres at 0.79g/t AuEq, -- Drill hole CAD-1209, drilled to the northwest at -55 degrees, intersected 128.8 metres at 0.78g/t AuEq, including 57.2 metres at 0.91 g/t AuEq, -- Drill hole CAD-1211, drilled to the southeast at -55 degrees, intersected 153.2 metres at 0.69g/t AuEq, including 42.9 metres at 0.83 g/t AuEq, -- Drill hole CAD-1213, drilled to the southwest at -55 degrees, intersected 94.8 metres at 0.88g/t AuEq, including 68.3 metres at 1.00 g/t AuEq.-- Significantly higher levels of silver (included in the above AuEq values) than those seen previously in drilling at El Reten were intersected in all drill holes at El Corral and are considered to represent some of the highest silver values encountered in a porphyry environment in Colombia. This further supports the Company's belief that the CPC represents a dynamic, long-lived, magmatic-hydrothermal system with the potential to host distinct styles of mineralization throughout the district. As an example of this, the Company is also pleased to announce the discovery of high-grade, silver-gold mineralization to the west of the CPC, in the area known as La Florida.-- The El Corral target forms the southern part of an irregularly shaped surface rock chip geochemical anomaly measuring up to 700 metres in a northeast direction by 390 metres in a southeast direction (Figure 1). More drilling will be required to fully evaluate the true potential of the El Corral target.-- The Company is soliciting bids from drilling contractors for a 4,000 metre program to drill test the Malabrigo and Casa Verde targets in Q3 of 2013. Located to the north of El Corral and Ajiaco Sur, both these targets show a strong correlation between surface rock chip sampling, soil sampling and mapped porphyry-style alteration and mineralization (Figure 1).