Soho Resources Corp. - (TSX VENTURE: SOH) ("Soho" or the "Company")
is pleased to announce the completion of an updated Canadian
National Instrument NI 43-101 compliant mineral resource estimate
for its Tahuehueto property in Durango State, Mexico
("Tahuehueto"). This resource estimation has been prepared by Scott
E. Wilson Consulting, Inc. ("Wilson Consulting") based in
Englewood, Colorado. Wilson Consulting is a full-service mining
engineering firm, specializing in all aspects of exploration, mine
development, and mine operations. This resource estimate is an
upgrade to the Company's initial resource estimate announced on
April 30, 2008 and is based upon detailed geological modeling of
veins and stock-work zones that was not available for the initial
resource estimate plus the results from 71 new drill holes
targeting down-dip and along strike extensions of known
mineralization outlined in the initial resource report of April of
2008.
Resource Calculation Highlights
2009 Tahuehueto Resource,
Measured and Indicated Resources Inferred Resource
- 7,377,000 Tonnes - 4,868,000 Tonnes
-------------------------------- --------------------
- 2.10 g. Au/t 498,000 ounces Au - 1.06 g. Au/t
- 34.97 g. Ag/t 8,294,000 ounces Ag - 31.77 g. Ag/t
- 0.28% Cu 45,339,000 lbs. Cu - 0.23% Cu
- 1.06% Pb 172,738,000 lbs. Pb - 1.13% Pb
- 2.01% Zn 326,653,000 lbs. Zn - 2.26% Zn
The Tahuehueto Resource is categorized into Measured, Indicated and
Inferred Resources as follows,
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GOLD SILVER COPPER
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Tonnes Oz. Oz. Lbs.
Category (,000's) g/t (,000's) g/t (,000's) Cu% (,000's)
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Measured 26% 3,254 2.40 251 36.30 3,798 0.28 20,439
Indicated 34% 4,123 1.87 248 33.92 4,496 0.27 24,900
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Total M&I 60% 7,377 2.10 498 34.97 8,294 0.28 45,339
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Inferred 40% 4,868 1.06 31.77 0.23
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LEAD ZINC
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Tonnes Lbs. Lbs.
Category (,000's) Pb% (,000's) Zn% (,000's)
----------------------------------------------------------
Measured 26% 3,254 1.10 79,228 2.07 148,759
Indicated 34% 4,123 1.03 93,511 1.96 177,894
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Total M&I 60% 7,377 1.06 172,738 2.01 326,653
----------------------------------------------------------
----------------------------------------------------------
Inferred 40% 4,868 1.23 2.26
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The cutoff grades used to determine the above mineral resources
were 2 grams per ton AuEQ for sulfide mineralization and 3 grams
per ton AuEQ for oxide mineralization since the potential costs to
extract oxide material may be higher than the cost to process
sulfide mineralization. Approximately 10% of the resource is oxide
mineralization and therefore only a minor part of the resource.
The metal prices used to determine the gold equivalent grade for
cutoff purposes were $800 per ounce for gold, $12.00 per ounce for
Silver, $2.10 per pound for copper, $0.65 per pound for lead and
$0.70 per pound for zinc. Gold-equivalent grades are used for
cutoff purposes only.
Please visit the following link to Soho's web site
www.sohoresources.ca/proj_resrep.php to review more detail on the
resource estimate including tables displaying the resource of each
zone making up the 2009 Tahuehueto Global Resource Estimate as well
as the resource displayed at various cutoff grades.
The 2009 Tahuehueto Global Resource Estimate 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 - Perdido - Santiago - Catorce 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. All structures remain open at depth and
along strike in both directions and management are very confident
that additional drilling will expand the Tahuehueto resources.
"On behalf of the Company's board of directors I am very happy
to deliver the above resource calculation to our loyal shareholders
and interested investors," states Mr. Ralph Shearing, President and
CEO of Soho Resources Corp. "The hard work and dedication of the
Company's employees and consultants on the Tahuehueto exploration
program and geological modeling over the past year has allowed the
project's metal resources to be significantly increased with a
corresponding increase in the confidence of the resource, with 60%
now categorized as measured and indicated resources. This project
just continues to improve and with a recovery in the resource
market I am confident that Soho can advance Tahuehueto towards a
production decision over the coming years and thereby realize the
true potential of what I have always recognized as an outstanding
asset."
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:
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Element Recovery to Lead Concentrate Recovery to Zinc Concentrate
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Au 81.1% 4.2%
Ag 87.6% 6.7%
Pb 97.2%
Zn 86.1%
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Note: Copper recovery was not determined by this historic metallurgical
test.
Scott E. Wilson Consulting, Inc. has recommended an inverse
distance estimate as the preferred method of determining the
resource estimate. Resource calculations are based on 2 meter drill
hole composites of exploration drilling sample intervals. All
estimates are based on a block dimension of 2 meters long x 2
meters wide x 2 meters tall with the estimation parameters
determined by geostatistics and geological modeling using Vulcan
software modeling programs.
Mineral resources that are not mineral reserves do not have
demonstrated economic viability. Converting resource estimates into
economic reserves may be materially affected by the inability to
obtain required environmental and other regulatory approval,
environmental or operating permits and may also be materially
affected by global economic conditions such as the price of gold,
silver, copper, lead, zinc, the price of oil and other commodities
utilized in the mine production. Unknown geologic or hydrologic
conditions or other unknown factors may also materially affect
converting resource estimates into reserves.
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 Mr. Scott Wilson, B.A. Geology, a Certified Professional
Geologist and member of the American Institute of Professional
Geologists in Denver, Colorado. Mr. Wilson is the independent
resource estimate consultant for Soho Resources Corp. and has
reviewed the technical information contained in this press release.
The NI 43-101 compliant report related to this press release will
be filed on SEDAR and will be posted on the Company's website
within the timeframe specified by NI 43-101. Mr. Wilson is the
founder of Scott E. Wilson Consulting, Inc. and is independent of
Soho as determined by the definitions and criteria set forth in NI
43-101. There is no affiliation between Scott Wilson and Soho
except that of an independent consultant/client relationship.
Exploration on the project is now being conducted under the
direction of Mr. Ralph Shearing, P.Geol. and President of the
Company, a qualified geologist as defined under National Instrument
43-101. Mr. Shearing also 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. Soho
controls 100% of the Tahuehueto Project through a 99.4% owned
Mexican subsidiary.
On behalf of Soho Resources Corp.,
Ralph Shearing, President & CEO
If you would like to receive information on Soho Resources 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 - 125,887,913
Last Close 2009/05/08 C$0.125
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.
Contacts: Soho Resources Corp. Glen Sandwell 604.684.8071 or
Toll Free: 1.800.685.0576 ir@sohoresources.ca
www.sohoresources.ca
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