Soho Resources Corp. Appoints Jack Miller to Advisory Board
24 November 2010 - 5:01PM
Marketwired
Soho Resources Corp. (TSX VENTURE: SOH) ("Soho" or the "Company")
is pleased to announce that Mr. Jack Miller has been appointed to
the Company's Advisory Board.
Mr. Miller brings vast knowledge gained through 30 years of
senior experience in all aspects of project development through to
mine operation. Most recently Mr. Miller held the position of Chief
Operating Officer with Quadra Mining Ltd where he was responsible
for three mining operations, two in the USA and one in Chile. He
has been instrumental in moving projects forward from
pre-feasibility through to production. Other responsibilities
included technical due diligence on potential M&A targets,
human resources, exploration and guiding the overall direction of
the company.
Mr. Miller has also held senior positions with companies such as
Imperial Metals Corporation, Westmin Resources Inc. and Gibraltar
Mines Limited. In particular Mr. Miller was key in completing the
construction of Imperial Metals' Huckleberry Mine located in
central British Columbia where he was able to stabilize production
above target levels within seven months of start-up.
"Within his Advisory Board role, Mr. Miller brings an enormous
amount of mining engineering, mine project development and
geological experience to our Company," states Soho's President and
CEO, Mr. Ralph Shearing. "His experience in project development
will be invaluable as Soho continues to move its flagship
Tahuehueto Project toward production."
About Soho Resources
Soho Resources Corp. is a junior exploration and development
company strategically focused on gold, silver and base metals in
the prolific Sierra Madre Belt of Mexico. The Company's flagship
project is the Tahuehueto Project located in Durango, Mexico. The
Tahuehueto Project is a classic epithermal system hosting multiple
structures traced for up to six kilometres of strike length. The
project area has geological similarities to nearby mines, notably
La Cienega, a Polymetallic deposit operated by Penoles, Mexico's
largest mining company.
Results of a Preliminary Economic Assessment ("PEA") on the
Tahuehueto Project, using its current NI 43-101 Resource Estimate
(http://www.sohoresources.ca/news_view.php?id=17) were recently
announced on October 4, 2010
(http://www.sohoresources.ca/news/newspdf/soho-89_-_pea.pdf). Key
findings include, a Net Present Value of $US 109.6 million,
Internal Rate of Return of 31%, Capital Costs of $89.1 million and
a mine life of over 11 years at a processing rate of approximately
1,000,000 tonnes per annum). (Approximately 2,750 tonnes per day).
Exploration potential for the discovery of new resources remains
excellent and should significantly extend the 11 year mine life,
estimated within the PEA.
ON BEHALF OF THE BOARD OF DIRECTORS
Ralph Shearing, Chief Executive Officer
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 - 154,013,693
Last Close 2010/11/23 C$0.095
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Soho Resources Corp. Mr. Glen Sandwell (604) 684-8071
or Toll Free: 1-800-685-0576 ir@sohoresources.ca
www.sohoresources.ca
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