Business
Blue Fyre One Inc. to resume trading Monday May 29, 2006
Blue Fyre One Inc. to resume trading Monday May 29, 2006.
About this update from Sol Global Investments Corp.
[{"type":"text","content":"\n\n\n\n\nOTTAWA, May 26 /CNW Telbec/ - Blue Fyre One Inc., (TSXV: BLU.P) (\"Blue\nFyre\"), an Ottawa-based Capital Pool Company, announces that the trading halt\non Blue Fyre is being lifted pursuant to an announcement in the TSX Venture\nExchange Inc. (the \"Exchange\") bulletin issued yesterday. Trading will resume\non the opening of the market on Monday May 29, 2006.\nBlue Fyre also announces that its proposed acquisition target, Soltoro\nLtd. (\"Soltoro\"), an Ontario corporation, has recently appointed a Chief\nFinancial Officer, Mr. James Kirke, who will also be appointed as the Chief\nFinancial Officer of the resulting issuer upon completion of the Soltoro\nqualifying transaction. Mr. Kirke, a Canadian chartered accountant, is a\nToronto resident is also currently CFO for Marathon PGM Corporation. Mr. Kirke\nhas over 20 years of experience in public accounting, consulting and\nmanagement of public companies.\nSoltoro is a mineral exploration company exclusively active in\nsouth-western Mexico through its wholly owned Mexican subsidiary, Soltoro S.A.\nde C.V. (\"Soltoro Mexico\"). Soltoro Mexico holds 100 % title interest to two\nseparate mineral concessions located in the State of Jalisco, Mexico: La\nTortuga & El Rayo.\n\nGeological Update: At La Tortuga, an Induced Polarization survey has been\ncompleted outlining the limits of a potential copper-gold porphyry system. The\nCompany has yet to receive all interpretive data from this survey. The\npresence of mineralized intrusive matrix breccias as well as tourmaline matrix\nbreccias, pebble dikes and various mineralized copper-gold-silver veins on the\nproperty indicate the potential for the property to host a sizeable Cu-Au\nporphyry system. Further geological mapping and sampling on the south end of\nthe property is underway and results from these will be correlated with the\nI.P. survey in order to pinpoint drill targets.\nAt the El Rayo silver-lead-gold concession a preliminary regional\nexploration program was completed in May of 2006 that investigated mineral\noccurrences in areas not previously visited by Soltoro geologists. These areas\nare outside of the historic silver-lead mining camp within the property and\nare not known to have seen modern exploration. Soltoro intends to conduct\nfurther work programs before year end to further investigate these new\nre...