TORONTO, ONTARIO -- (Marketwired) -- 07/02/13 -- Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE: SVV)(OTCQX: SVVZF) is pleased to announce the discovery of a third mineralized porphyry system at its Ajiaco Sur target, the third 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- silver-molybdenum porphyry and other related discoveries in the Middle Cauca Belt of Colombia. The Company previously announced the discovery of mineralized porphyry systems at both 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) and at El Corral, the second target drilled (June 11, 2013). The Company is now preparing to drill test the fourth and fifth porphyry targets known as Malabrigo and Casa Verde.
-- Five drill holes were drilled at the Ajiaco Sur target with all five intersecting significant intervals of Cu-Au-Ag-Mo mineralization (see Table 1 for full details): -- Drill hole CAD-1215, drilled to the northwest at -55 degrees, intersected 357.8 metres at 1.07 g/t AuEq, including 76.9 metres averaging 1.54 g/t AuEq, -- Drill hole CAD-1217, drilled vertically and despite being lost above the target depth, intersected 108.3 metres at 1.13 g/t AuEq, -- Drill hole CAD-1219, also drilled vertically, intersected 121.0 metres averaging 1.20 g/t AuEq, -- Drill hole CAD-1324, drilled to the southwest at -60 degrees, intersected 291.7 metres at 1.10 g/t AuEq, -- Drill hole CAD-1327, drilled to the northeast at -70 degrees, intersected 207.2 metres at 0.78 g/t AuEq, including 59.2 metres at 1.09 g/t AuEq.-- These results confirm the polymetallic nature of the CPC and support 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. Higher levels of molybdenum (included in the above AuEq values) than those seen previously in drilling at El Reten and El Corral were intersected in all drill holes at Ajiaco Sur and are considered by management to represent some of the highest molybdenum values encountered in the Middle Cauca Belt of Colombia. Silver values encountered at Ajiaco Sur are typically higher than El Reten, although lower than the significant silver values intersected at El Corral.-- The Ajiaco Sur 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).-- Drilling to-date has not identified a principal porphyry phase related to the alteration and mineralization discovered at Ajiaco Sur, suggesting that the exploration completed has not yet identified the core of the magmatic-hydrothermal system. As such, more drilling will be required to fully evaluate the true potential of the Ajiaco Sur target.