Solvista Gold Corporation announced the results from its Phase 1 drill program at its Guadalupe Project, located 150 km northeast from its Caramanta Project. The Guadalupe Project Phase 1 drill program was completed during 2012 and comprised 14 drill holes, two of which did not reach their target depth and had to be re-drilled, for a total of 3,060 metres. In total, five distinct target areas were tested over a 3 x 2 kilometre area in the southern portion of the Guadalupe Project.

Drill holes GUD-1213 and GUD-1214 were drilled to test the down dip continuity of the high-grade, gold-silver mineralization discovered at surface within the El Oso 2 structural trend 21 samples with a weighted average of 14.27 g/t Au, 6.6 g/t Ag, using a 50 g/t Au upper cutoff, the southernmost zone within the structural corridor in the El Oso area . Both drill holes, located 150 metres apart, intersected the targeted mineralization with drill hole GUD-1214 intersecting 18.35 g/t Au and 2.7 g/t Ag over 2.77 metres and drill hole GUD-1213 intersecting 9.29 g/t Au over 1.92 metres. Mineralization is typically epithermal-style composite quartz-sulfide veins and sulfide bearing breccias and remains open both along strike and down dip.

Drill holes GUD-1208, GUD-1209, GUD-1211 and GUD-1212 were drilled to test the down dip continuity of the high-grade, gold-silver mineralization discovered at surface within the El Oso 1 structural trend (132 samples with a weighted average of 3.29 g/t Au, 59.8 g/t Ag cut to 50 g/t Au and 500 g/t Ag), the northernmost of two discrete structural trends within the El Oso corridor. The four completed drill holes were evenly spaced along the known 750 metre strike length of the El Oso 1 structural corridor, as defined by surface mapping, rock chip geochemical analyses and historic artisanal mining. All of these drill holes intersected significant gold-silver mineralization including 6.24 g/t Au and 5.0 g/t Ag over 0.99 metres in GUD-1209 and 4.39 g/t Au and 4.1 g/t Ag over 2.65 metres in GUD-1211.

Interestingly, both of these drill holes also intersected separate, discrete intervals with lower grade gold and high-grade silver such as 3.02 g/t Au and 169.8 g/t Ag over 2.10 metres in GUD-1211. The mineralization is similar in style to El Oso 2, although slightly different geochemically, and remains open both along strike and down dip. This target is also considered a very high priority for additional drilling.