Del Toro Silver Corp. Consults At Telegraph Mine

CARSON CITY, Nev., Nov. 01, 2016 (GLOBE NEWSWIRE) -- Del Toro Silver Corp. (OTCPink:DTOR) ("Del Toro" or the "Company") is pleased to announce that it is working closely with Telegraph LLC, a registered Nevada limited liability company, on the rehabilitation of the Telegraph mine located in Sierra County, CA. The Company has agreed to consult with Telegraph LLC on their on-going work program at the Telegraph mine in conjunction with Del Toro's due diligence on the property.

The Telegraph Mine is a fully permitted, high-grade gold mine located near Downieville, California in one of the richest districts of the California Mother Lode. The property consists of 140 acres of BLM lode claims and 80 acres of BLM placer claims. The claims are located within a larger 3000 acre claim block also owned by Telegraph LLC. This property is situated on the Great Blue Lead ancient river channel system, and straddles the prolific Melones and Goodyears Creek fault zones. Most of the richest mines in California are located adjacent to these two faults. Seven other historical mines are located on the property including the Dutch, Spaletto, Klondike, Crystal Quartz, Monte Cristo, Sol Wood and Excelsior. Over 65,000 ounces of gold was produced from the primary channel running through the Telegraph.

The mineral deposit consists of several underground Tertiary river channels and at least 7 known large, high grade quartz veins. Drill data and other geological information (non CA NI 43-101 compliant) on this historical producer indicate the potential for a world class gold reserve and one of the highest grade lode deposits in all of North America. The current work program has been funded with $2,000,000 secured through a JV in 2015. Del Toro is consulting Telegraph LLC in the rehabilitation of the existing Telegraph underground workings, sampling of the known veins and the twinning of several underground core drill holes drilled in 1972 by the American Petroleum Company. Work commenced in May of 2016 and approximately 2,200 feet of rehabilitation has been completed.