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Level2StockQuotes.com - Penny stocks Alert, Watch: SLTA Stock
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Business Summary and Article: SLTA
Free Level 2 Stock Quotes Business Summary: SLTA
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Article: More on SLTA
A lot of naysayers said gold wouldn't hit $1,000 but it did. Now gold bugs are predicting $2,000, $3,000 an ounce. I know it sounds crazy but it's not.

There's a faster way to get on this bandwagon without buying gold bars. The answer is SLTA. The way SLTA has been moving I wouldn't be surprise to see it hit $1 this week!!! View the chart: http://finance.yahoo.com/q/bc?s=SLTA.OB&t=5d 

SLTA has a major gold exploration project in Argentina with large-scale potential for both underground and open-pit mining, with fast-tracked feasibility study potentially by year-end. As the price of gold continues to soar so will SLTA's revenues.

Gold investors made a lot of money last year and it looks like the trend is continuing!

Companies like SLTA have a very promising future ahead of them as gold prices are expected to get even higher.

Just last month, Jim Cramer projected gold will go to $1,600 per ounce!

SLTA realizes how important gold is to this world.

It has been said that each year, 660 tons of gold are used in telecommunications, medical treatments, information technology, and other industrial applications. 

Gold is used in computers, televisions, dvds, vcrs, even cell phones!

SLTA could see huge profits just with the jewelry industry alone.

More than 80% of the gold in the U.S. is used to make jewelry. 

In 2005, the U.S. jewelry market was worth $55 billion!

SLTA is in the right sector considering there is a strong demand for gold in China!

Last year, Philip Klapwijk, executive chairman of GFMS said, "China is poised to become the world's second largest jewelry market for gold this year, overtaking the United States and coming in No. 2 behind India. I would expect it to grow further in 2008."

SLTA's El Torno Project is a past-producing gold mine located in the Andean Cordillera in the mining friendly province of Jujuy, Argentina near the international border with Bolivia.

The property consists of four mining rights covering a total of 7,863 hectares. The area is accessible by road all year round, with electricity available from Santa Catalina Village (20 km away) and abundant water in a nearby river.

SLTA's El Torno Project contains a large gold-rich quartz vein up to 14 km long and 14 m wide that was worked historically by the Incas and Spanish who left behind more than 1,000 m of underground.

SLTA has acquired the rights to Mexican gold properties via its acquisition of Atzek Mineral, S.A. de CV.

SLTA's "Casita Colorado" property consists of three mining claims totaling 150 hectares located in the central part of Sonora State, Mexico, 45 km from Hermosillo City. 

SLTA's property contains a major mineralized gold-bearing shear zone that extends for more than 400 meters and is up to 150 meters wide. The mineralization consists of quartz, kaolin, iron oxides, tourmaline, pyrite and free gold.

SLTA's "Real de Cananea" property consists of three mining claims totaling 1,030 hectares located in the north east of Sonora State, Mexico, approximately 40 km from the Arizona (USA) border. The gold mineralization is within intensely altered volcanic rocks cut by solidified fault zones in an area more than 400 meters long and up to 270 meters wide. Gold occurs disseminated in the altered rocks and is in some places concentrated, together with quartz, hematite and pyrite in or adjacent to the quartz veins. 

A small underground mine is located in the middle of the property and has apparently been worked intermittently since the time of the Spaniards or before. The hard rock composing the mine was worked with enormous effort, which indicates the importance of the mineralization. 

The potential extent of mineralization, combined with the favorable location, convenient road access, proximity to power and water, and the nearby presence of an experienced mining labor force combine to make the Real de Cananea prospect a very attractive exploration target. 

SLTA has leading individuals from the mining industry placed in key management and advisory positions. 

It has been said that interest rates are expected to stay low into 2009! 

This will keep gold high and companies like SLTA moving up. I believe the time is ripe for SLTA to rally!!

It's worth mentioning that gold prices have gone up every year since 2001! 

More information about SLTA is available at their website: www.solteramining.com
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