Commenting on the drill results, Solvista's President and CEO Miller O'Prey, stated: "We are extremely pleased to continue to report excellent assay results from our drilling at the El Reten gold-copper discovery - one of just three targets we have drill tested as part of our recently completed Phase 1 drill program. By combining these drill results with previous drill results as well as results from surface rock chip geochemistry, as discussed in the Company's press releases (dated June 4, 2012, September 17, 2012, September 25, 2012 and December 11, 2012), the El Reten surface footprint now measures up to 430 metres (in a N45W direction) by 360 metres (in a N45E direction) for an aerial extent of more than 88,000m2, as defined by the greater than 0.4 g/t AuEq contour shown as a green line on Figure 2. Although these dimensions and limits of mineralization are approximate at this time and will require more extensive drilling to define them for any future resource estimate, the Company is confident that there remains significant potential to continue to extend the present limits of the mineralized zone with additional drilling. In addition to increasing our confidence in the magnitude of the footprint of mineralization at El Reten, the fact that we have identified significant mineralization in areas previously thought to not be mineralized and have also discovered additional mineralized porphyry phases, which have not been mapped at outcrop highlights the dynamic and extensive nature of the mineralizing system and bodes well for further drilling and exploration success at El Reten." In accordance with National Instrument 43- 101, it is noted that the potential quality and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in a target being delineated as a mineral resource.
Drill hole CAD-1218 was drilled from Platform 1 (Figure 2) and is the re-drill of drill hole CAD-1216 which was lost due to technical problems well above its target depth (see the December 11, 2012 press release). Drill hole CAD-1218 was successfully completed to a total depth of 493.5 metres and returned the Company's longest, continuous mineralized intersection to-date of 456.7 metres at 1.40 g/t AuEq. Continuous mineralization, essentially beginning at the surface, has now been identified over more than 400 vertical metres. As predicted, the drill hole intersected significant mineralization near the surface (100.8 metres at 2.20 g/t AuEq from 27.5 metres), but perhaps more interestingly a second significant interval (74.4 metres at 1.71 g/t AuEq) was intersected at 331.5 metres depth, associated with a porphyry (CER7) that is different than the outcropping El Reten porphyry. This intra-mineral porphyry, which has not been mapped at the surface, was first identified in drill hole CAD-1210, where significant mineralization was intersected in the volcanic rocks immediately above the porphyry contact (Figure 3). Similarly in CAD-1218, the majority of the greater than 1 g/t AuEq intervals are in the volcanic rocks immediately above the contact, however, values of up to 2.14 g/t AuEq have been intersected in CER7 making it an important exploration target for future drilling. CER7 also appears to have slightly lower copper values, but higher molybdenum values relative to the main El Reten porphyry (CER1). Mineralization was also encountered at depth in and adjacent to dikes of the intra-mineral porphyry CER2.
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