VANCOUVER, BRITISH COLUMBIA ("Soho" or the "Company") is pleased
to announce the completion of its first Canadian National
Instrument NI 43-101 compliant mineral resource estimate for its
Tahuehueto property in Durango State, Mexico ("Tahuehueto"). This
initial resource estimation has been prepared by Mine Development
Associates of Reno, Nevada ("MDA"). Mine Development Associates is
a full-service mining engineering firm, specializing in all aspects
of exploration, mine development, and mine operations.
This resource represents only the upper, close to surface
portion of three structures; the El Creston structure over
approximately 670 m of strike length; the Cinco de Mayo - Santiago
structure known to be at least 3 km long and drill tested over
approximately 2.5 km of strike length; and the El Rey structure
tested over approximately 250 meters of strike length.
Highlights
- 383,000 oz ounces gold equivalent (calculated using only Gold
oz + Silver oz/60, assumes 100% Au & Ag recoveries (excludes
base metal content))
- 276,000 ounces of gold
- 6.429 million ounces of silver
- 33.483 million pounds of copper
- 110.457 million pounds of lead
- 201.138 million pounds of zinc
Tahuehueto Inferred Resources
----------------------------------------------------------
Cutoff
(g Au-equiv/t)
-------------
Unoxi- Oxi- g g
dized dized Tonnes Au/t oz Au Ag/t oz Ag
----------------------------------------------------------
2.0 3.0 6,402,000 1.34 276,000 31 6,429,000
2.5 3.0 4,985,000 1.62 259,000 36 5,781,000
3.0 3.0 4,101,000 1.86 245,000 40 5,277,000
4.0 4.0 2,722,000 2.44 213,000 49 4,280,000
5.0 5.0 1,907,000 3.03 186,000 58 3,542,000
7.0 7.0 1,047,000 4.31 145,000 74 2,488,000
10.0 10.0 508,000 6.62 108,000 92 1,499,000
----------------------------------------------------------
Tahuehueto Inferred Resources
---------------------------------------------------------------------------
Cutoff
(g Au-equiv/t)
-------------
Unoxi- Oxi-
dized dized Tonnes Cu% lbs. Cu Pb% lbs. Pb Zn% lbs. Zn
---------------------------------------------------------------------------
2.0 3.0 6,402,000 0.24 33,483,000 0.78 110,457,000 1.43 201,138,000
2.5 3.0 4,985,000 0.27 29,238,000 0.90 98,759,000 1.61 176,592,000
3.0 3.0 4,101,000 0.29 25,960,000 0.99 89,854,000 1.75 158,444,000
4.0 4.0 2,722,000 0.34 20,110,000 1.18 70,945,000 2.09 125,481,000
5.0 5.0 1,907,000 0.38 15,974,000 1.32 55,589,000 2.42 101,716,000
7.0 7.0 1,047,000 0.48 11,062,000 1.52 35,082,000 2.96 68,303,000
10.0 10.0 508,000 0.61 6,839,000 1.68 18,848,000 3.37 37,702,000
---------------------------------------------------------------------------
NOTES: 1. The cutoff for oxidized resources is higher than un-oxidized
resources due to anticipated lower metal recoveries in the
flotation process.
2. Gold-equivalent grades are used for cutoff purposes only.
3. Gold equivalent calculation: g Au-equiv/t equals Au grade + (Ag
grade � 60) + (Cu grade � 0.35) + (Pb grade � 1.0938) +
(Zn � 0.875).
Metallurgy
Historic metallurgical testing preformed between 1986 and 1991
by The Comision de Fomento Minero, a Mexican governmental
organization, on a 150 kg. sample of un-oxidized material from the
El Creston area gave flotation recoveries of:
---------------------------------------------------------------------
Element Recovery to Lead Concentrate Recovery to Zinc Concentrate
---------------------------------------------------------------------
Au 81.1% 4.2%
Ag 87.6% 6.7%
Pb 97.2%
Zn 86.1%
---------------------------------------------------------------------
Copper recovery was not determined by this historic
metallurgical test.
Ongoing Exploration
Since the initial data for this resource calculation was
submitted to MDA, the Company has completed the drilling of 41
additional holes. The core samples from these holes have all been
delivered to the lab and are at varying stages of analysis. The
results from these holes will be reported as they are delivered to
the Company. Drill results gained during this year's exploration
program will be subsequently modeled and included in the Company's
next updated resource calculation likely to be initiated in late
2008. Please refer to the Company's web site to view a surface
drill plan identifying the structures and
drill hole locations used in the resource calculation at
http://www.sohoresources.ca/res.cal.cnews.releaseApril3008.php.
"We are very pleased to deliver to our shareholders our first NI
43-101 compliant resources," states Mr. Ralph Shearing, President
and CEO of the Company. "This is a solid and strong initial
resource for a junior company, calculated by a conservative, highly
reputable and experienced engineering firm. With the ongoing
exploration program running smoothly and efficiently full speed
ahead, we are confident that Soho will substantially add to and
increase this initial resource by drilling along strike and down
dip on the three structures from where our initial resource has
been calculated. We also have many other structures hosted within
the district scale mineralizing system and contained within our
project concessions that have not yet been drill tested. We hope
that drill testing these structures in the future ongoing
exploration program will also contribute resources to the project
resource inventory."
The Tahuehueto mineral resources were modeled and estimated by:
(1) evaluating the drill data statistically; (2) interpreting
mineral domains for each element independently on vertical cross
sections spaced at intervals of 25 or 50 meters across the strike
length of the mineralization; (3) coding the block model by
projecting the mineral domain interpretations horizontally half the
distance to adjacent sections; (4) analyzing the modeled
mineralization statistically to establish estimation parameters;
(5) capping high grade domain assays at Au cap equals 60 g Au/t ,
Ag cap equals 370 g Ag/t, Cu cap equals no cap, Pb cap equals no
cap, Zn cap equals 20%; and (6) estimating metal grades into the
coded three-dimensional block model by inverse-distance methods
using approximately 4,700 sample intervals with 2 meter composites
from a total of 165 drill holes (129 core and 36 reverse
circulation holes). All modeling of the Tahuehueto resources was
performed using Surpac� software.
Qualified Person
The "qualified person", as such term is defined in NI 43-101,
who prepared the mineral resource estimates disclosed in this press
release is Mike Gustin, PhD, RG. Dr. Gustin is an employee of Mine
Development Associates of Reno, Nevada. Dr. Gustin is independent
of Soho as determined by the definitions and criteria set forth in
NI 43-101; there is no affiliation between Dr. Gustin and Soho
except that of an independent consultant/client relationship.
The exploration program is being conducted under the direction
of Hall Stewart, PGeo, a qualified geologist as defined under
National Instrument 43-101. Mr. Ralph Shearing, President, P.Geol,
also a qualified geologist, authored this news release.
Soho Resources Corp. is a Canadian junior mining and exploration
company with a strategic focus on gold, precious and base metals.
The company's current focus is directed towards the exploration and
development of the "Tahuehueto Project", located in the northwest
corner of Durango State, Mexico, within the prolific Sierra Madre
mountain range. The Tahuehueto Project is typical of a classic
Mexican epithermal vein system that hosts multiple large scale
structures strongly mineralized in Au, Ag, Pb, Zn, and Cu.
On behalf of Soho Resources Corp.,
Ralph Shearing, President & CEO
If you would like to receive information on Soho Resource Corp.
and its exploration project please contact the Investor Relations
Department by email or phone or visit our website at
www.sohoresources.ca for the most up to date information and
results. Other historic information and mandatory filings are
available on line www.sedar.com.
WARNING: The Company relies upon litigation protection for
"forward-looking" statements. This News Release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of up-coming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Soho Resources Corp.
relies upon litigation protection for forward-looking
statements.
Shares Issued - 100,137,913
Last Close 2008/04/29 C$0.185
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contacts: Soho Resources Corp. Glen Sandwell (604) 684-8071 or
Toll Free: 1-800-685-0576 Soho Resources Corp. Stephen Casey (604)
684-8071 or Toll Free: 1-800-685-0576 Email:
investor_relations@sohoresources.ca Website:
www.sohoresources.ca
Soho Resources Corp. (TSXV:SOH)
Historical Stock Chart
From Jul 2024 to Jul 2024
Soho Resources Corp. (TSXV:SOH)
Historical Stock Chart
From Jul 2023 to Jul 2024