Soho Resources Corp. (TSX VENTURE: SOH) ("Soho" or the "Company")
is pleased to announce that further to the Company's news release
dated May 11, 2009, the independent National Instrument ("NI")
43-101 compliant resource estimate for its Tahuehueto project in
Durango, Mexico has been filed on SEDAR. 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.
The resource includes 7.3 million tonnes in measured and/or
indicated categories, with an additional 4.8 million inferred
tonnes. Results of the resource estimate are shown in the table
below.
Resource Calculation Highlights
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 166,000 ounces Au
- 34.97 g. Ag/t 8,294,000 ounces Ag - 31.77 g. Ag/t 4,971,000 ounces Ag
- 0.28% Cu 45,339,000 lbs. Cu - 0.23% Cu 24,935,000 lbs. Cu
- 1.06% Pb 172,738,000 lbs. Pb - 1.13% Pb 132,417,000 lbs. Pb
- 2.01% Zn 326,653,000 lbs. Zn - 2.26% Zn 242,241,000 lbs. Zn
MEASURED & INDICATED RESOURCES
--------------------------------------------------------------------------
GOLD SILVER COPPER
--------------------------------------------------------------------------
Tonnes Oz. Lbs.
Category (,000's) g/t Oz. g/t (,000's) Cu% (,000's)
--------------------------------------------------------------------------
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
--------------------------------------------------------------------------
Total M&I 60% 7,377 2.10 498,000 34.97 8,294 0.28 45,339
--------------------------------------------------------------------------
INFERRED RESOURCES
--------------------------------------------------------------------------
Inferred 40% 4,868 1.06 166,000 31.77 4,971 0.23 24,935
--------------------------------------------------------------------------
MEASURED & INDICATED RESOURCES
---------------------------------------------------------
LEAD ZINC
---------------------------------------------------------
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
---------------------------------------------------------
Total M&I 60% 7,377 1.06 172,738 2.01 326,653
---------------------------------------------------------
INFERRED RESOURCES
---------------------------------------------------------
Inferred 40% 4,868 1.23 132,417 2.26 242,241
---------------------------------------------------------
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 mine production. Unknown geologic or hydrologic
conditions or other unknown factors may also materially affect
converting resource estimates into reserves. Metallurgical
recoveries are assumed at 100% for all metals listed above.
Please visit the following link on Soho's website to read the
complete report by Scott E. Wilson Consulting, Inc.
http://www.sohoresources.ca/proj_resrep.php
The 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 - Catorce -
Perdido - 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. All structures remain open at depth and along strike in
both directions.
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. 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.
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 has
been filed on SEDAR and has been 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.
About Soho Resources
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% owned Mexican
subsidiary.
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 - 125,887,913
Last Close 2009/06/26 C$0.085
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.
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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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