Soho Resources Corp – (TSX-V:SOH) (OTCQX:SOHFF) ("Soho" or the
"Company") is pleased to announce assay results for initial surface
and underground sampling from the La Salvadora Zone within its
Jocuixtita Silver Project, located in Sinaloa, Mexico.
Highlights of the sampling results are as follows,
Total Width of Sample
Line |
Weighted Averages
of all samples along sample line |
|
Silver g/t |
Gold g/t |
Lead % |
Zinc % |
6.3 Meters |
246.47 |
0.63 |
1.02 |
5.44 |
4.6 Meters |
238.4 |
0.64 |
0.67 |
3.51 |
4.35 Meters |
189.24 |
0.54 |
1.01 |
6.76 |
3.1 Meters |
80.58 |
0.63 |
0.9 |
3.53 |
1.75 Meters |
134 |
1.22 |
0.69 |
5.05 |
Results presented herein represent a series of either, channel
samples cut with a diamond saw, or continuous hammer chip samples,
collected across the mineralized Salvadora Zone. Individual
samples are not more than 1.75 m in width and where necessary, up
to five individual samples were collected along a single sample
line. In all cases sample lines do not represent the full
width of the mineralization, as all individual samples at both ends
of all sample lines ended in mineralization. In addition, on
surface, overburden cover restricted sampling the true thicknesses
of the zone.
Maps displaying the location of the La Salvadora Zone within the
Jocuixtita Property, plus individual sample locations, detailed
assay results and photographs of the sample sites, where available,
can be viewed at the following link on the company's website.
http://www.sohoresources.ca/index.php?nav=24
"I am excited to deliver these assay results to our shareholders
as they confirm that the La Salvadora Zone is strongly mineralized
with high grade silver and significant gold, lead and zinc,
mineralization over good widths. With the diamond drill now on
site and commencing core drilling operations, we will soon
understand the depth and strike extension of this strongly
mineralized zone," states Mr. Ralph Shearing, president and
CEO.
Detailed assay results are as follows,
ADIT (CAVE) 4 - LA
SALVADORA ZONE |
|
|
|
|
|
|
|
|
|
DESCRIPTION OF
SURFACE AND UNDERGROUND SAMPLING AT THE JOCUIXTITA PROJECT - MAY
2011 |
Sample Number |
Location |
Datum WGS
84 |
Width
Meters |
Type |
Description |
Silver
g/t |
Gold g/t |
Lead % |
Zinc % |
Total Width of Sample
Line |
Weighted Averages
of Sample Line See Map @
www.sohoresources.ca/Jocuixtita_Geo_Map.html |
|
|
X |
Y |
|
|
|
|
|
|
|
|
Silver g/t |
Gold g/t |
Lead % |
Zinc % |
102801 |
Pit Cave 4 |
372,660.564 |
2,684,264.014 |
1.15 |
Continuous chip |
Qtz bx, 15-20% black sulfides (Sphal)
and 5% Py |
34 |
0.197 |
0.529 |
4.24 |
2.35 meters |
36.04 |
0.18 |
0.44 |
4.05 |
102802 |
Pit Cave 4 |
372,659.562 |
2,684,263.454 |
1.20 |
Continuous chip |
To footwall and similar to the
above |
38 |
0.155 |
0.354 |
3.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
102803 |
Pit Cave 4 |
372,662.912 |
2,684,262.055 |
1.75 |
Channel |
Qtz bx, 10-15% black sulfides
(Sphal>>gal) |
134 |
1.22 |
0.688 |
5.05 |
1.75 meters |
134.00 |
1.22 |
0.69 |
5.05 |
|
|
|
|
|
|
|
|
|
|
|
|
102804 |
Pit Cave 4 |
Underground |
1.55 |
Channel |
50 cms at hw abundant black sulfides.
Sil-chlo-py another part |
122 |
0.474 |
1.64 |
4.53 |
|
|
|
|
|
102805 |
Pit Cave 4 |
Underground |
1.15 |
Continuous chip |
Silica with gray stains of chlo-py.
30 cms at fw with clays |
12 |
0.042 |
0.064 |
0.239 |
|
|
|
|
|
102806 |
Pit Cave 4 |
Underground |
1.20 |
Continuous chip |
Argilized block within faults. Little
quartz and black sulfides |
45 |
0.306 |
0.277 |
1.275 |
6.3
Meters |
246.47 |
0.63 |
1.02 |
5.44 |
102807 |
Pit Cave 4 |
Underground |
1.65 |
Continuous chip |
White qtz bx covered by whitish
stains (zinc oxides). 30-40% sphal>gal>arg |
729 |
1.525 |
1.51 |
13.25 |
|
|
|
|
|
102808 |
Pit Cave 4 |
Underground |
0.75 |
Continuous ship |
Similar to the above but less sulfide
content |
124 |
0.363 |
1.295 |
4.79 |
|
|
|
|
|
|
|
|
|
|
|
|
|
102809 |
Adit Cave 4 |
Underground |
1.40 |
Channel |
Qtz bx with whitish oxides.
15-20% black sphal>gal>arg |
220 |
0.877 |
0.71 |
5.12 |
|
|
|
|
|
102810 |
Adit Cave 4 |
Underground |
1.20 |
Channel |
Similar to the above |
49 |
0.401 |
0.456 |
1.59 |
4.6 Meters |
238.40 |
0.64 |
0.67 |
3.51 |
102811 |
Adit Cave 4 |
Underground |
1.05 |
Channel |
Similar to the above |
50 |
0.293 |
0.428 |
1.795 |
102821 |
Adit Cave 4 |
Underground |
0.95 |
Channel |
Qtz Bx cut by qtz and Zn-Pb sulfides
(5-10%) |
713 |
0.981 |
1.15 |
5.47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
102812 |
Adit Cave 4 |
Underground |
1.35 |
Channel |
Qtz bx. 10-15% black sulfides,
notorious fine galena |
428 |
0.649 |
1.605 |
9.61 |
102813 |
Adit Cave 4 |
Underground |
1.40 |
Channel |
Qtz bx cut by sparse qtz-sphal-gal
(5-10%) |
45 |
0.26 |
0.856 |
3.65 |
4.35 Meters |
189.24 |
0.54 |
1.01 |
6.76 |
102814 |
Adit Cave 4 |
Underground |
1.60 |
Channel |
Similar to the above but less sulfide
content (sphal-fine gal) and py |
114 |
0.685 |
0.655 |
7.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
102815 |
Adit Cave 4 |
Underground |
0.80 |
Channel |
Qtz bx close to a low angle
slickenside. Little sulfides and Py |
55 |
0.228 |
1.1 |
2.99 |
|
|
|
|
|
102816 |
Adit Cave 4 |
Underground |
1.30 |
Channel |
Qtz bx cut by sparse qtz-sphal-gal
(5-10%) more py |
86 |
0.451 |
0.922 |
2.6 |
3.1 Meters |
80.58 |
0.63 |
0.90 |
3.53 |
102817 |
Adit Cave 4 |
Underground |
1.00 |
Channel |
Similar to the above |
94 |
1.175 |
0.71 |
5.18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
102818 |
Adit Cave 4 |
Underground |
1.50 |
Channel |
Qtz bx. Aprox. 10% black sulfides
(sphal-fine gal) and py |
34 |
0.764 |
0.522 |
4.18 |
2.45
Meters |
51.06 |
0.64 |
0.38 |
2.80 |
102819 |
Adit Cave 4 |
Underground |
0.95 |
Channel |
Qtz bx with minor black sulfides
content (5%) |
78 |
0.457 |
0.164 |
0.614 |
|
|
|
|
|
|
|
|
|
|
|
|
|
102820 |
Adit Cave 4 |
Underground |
1.40 |
Channel |
At the stope of the adit. Qtz Bx with
10-15% black sulfides |
62 |
0.387 |
0.382 |
4.01 |
1.40 Meters |
62 |
0.387 |
0.382 |
4.01 |
Samples were shipped from site to ALS-Chemex's sample
preparation facility in Guadalajara, Mexico with pulps being
shipped by ALS-Chemex to their analytical laboratory in Vancouver,
BC, Canada where final analysis is conducted. Gold and silver
are analyzed by Fire Assay. Lead and zinc are analyzed by
multi acid digestion and atomic absorption.
Analytical accuracy and precision are monitored by the analysis
of reagent blanks and reference materials at the labs. Quality
control is further assured by the insertion by Soho personnel of
blind certified standard reference material and blanks into the
sample stream at regular intervals.
About the Jocuixtita Project
The 4,332 hectare Jocuixtita Property hosts a number of
northwest and northeast trending epithermal vein structures,
mineralized with silver, gold, lead and zinc. The principle
structure hosting the El Carmen – La Salvadora – El Eden historic
mine workings appear to extend over a minimum of 3 km of strike
length. The La Salvadora and El Carmen Zones are separated by
approximately 700 m of strike length and both zones contain
historic underground workings on several different
levels.
Assuming success in the initial drill program the company will
organize a subsequent drill campaign with the principal
intent of tracing the mineralized structures between these two
zones and thereafter, along strike.
The Company considers the Jocuixtita Property to be a premier
unexplored silver project within the Sierra Madre Occidental. Road
accessible, near the town of San Ignacio, Sinaloa, Mexico, the
project is close to all necessary infrastructures for successful
development. Based upon historic records and work completed to
date by the Company, management believes Jocuixtita has excellent
potential to develop into a significant silver project and will
hopefully, be a large contributor to the Company's current strong
resource base, contained within its flagship Tahuehueto
Project.
About Soho Resources Corp
Soho Resources Corp. is an exploration and development company
strategically focused on gold, silver and base metals in the
prolific Sierra Madre Belt of Mexico.
The Company has two active projects, the Jocuixtita Silver
Project which is the subject of this news release and its flagship
Tahuehueto Project in Durango State where on
October 4, 2010 the Company announced the results of
a Preliminary Economic Assessment ("PEA") completed by Snowden
Mining Industry Consultants Inc. You can view the complete
report at the following
address, http://www.sohoresources.ca/pdf/PEA_Snowden_Oct29_2010.pdf
Key findings from the report included:
Summary of PEA
Estimates |
Net cash flow |
$US 184.2 million |
Net present value (NPV) 5%
discount |
$US 109.6 million |
Internal rate of return % |
31% |
Payback period (months) |
27 |
Mine life (years) |
11 |
Maximum processing rate
(tonnes/annum) |
1,000,000 |
Capital and start-up costs |
$US 89.1 million |
Note:
Calculations based on a 3 year rolling average of metal prices at
the end of August 2010 |
Currency - US$ Gold:
965.81, Silver: 15.38, Copper: 2.92, Lead: 0.95, Zinc: 0.88 |
The Tahuehueto Project is a classic epithermal system hosting
multiple structures traced for up to six kilometres of strike
length. Considerable upside exploration potential remains within
the explored structures containing the defined resources, both down
dip and along strike, as well as within numerous other unexplored
mineralized structures.
Qualified Persons
This press release was prepared under the supervision and review
of Ralph Shearing, President and CEO of Soho Resources Corp., a
Professional Geologist, and Qualified Person as defined by NI
43-101.
Definitions used in this release are consistent with those
adopted by the Canadian Institute of Mining, Metallurgy and
Petroleum ("CIM") Council in December 2005, as amended, and
prescribed by the Canadian Securities Administrator's National
Instrument 43-101 and Form 43-101F1, Standards of Disclosure for
Mineral Projects. Mineral resources are not mineral reserves and do
not have demonstrated economic viability.
ON BEHALF OF THE BOARD OF
DIRECTORS
(signed) "Ralph Shearing"
Ralph Shearing, Chief Executive Officer
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
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.
CONTACT: Soho Resources Corp.
Glen Sandwell, IR Manager
Tel: (604) 684-8071
ir@sohoresources.ca
www.sohoresources.ca
Soho Resources Corp. (TSXV:SOH)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Soho Resources Corp. (TSXV:SOH)
Historical Stock Chart
Von Jul 2023 bis Jul 2024