Sona Resources Corp. (the
"Company" or "Sona") (TSX
VENTURE:SYS - News; FRANKFURT:QS7 - News) is pleased to report on
five holes in the third round of assay results from the recently completed
drill program at its 100 percent owned Elizabeth Gold Deposit Property,
located in the Lillooet Mining District of southern British Columbia.
Important highlights from the diamond
drilling include:
-- Hole E10-66 intersected 17.4g Au/t over 1.54 metres.
-- Hole E10-67 intersected 96.4g Au/t over 2.5 metres, including one assay
interval of 383g Au/t over 0.5 metres.
-- Hole E10-69 intersected 85.4g Au/t over 4.03 metres, including one assay
interval of 230g Au/t over 1.0 metre.
Four drill holes, E10-66 to E10-69,
targeted the southwestern end of the Southwest Vein, and three of the holes
have expanded the mineralized zone in that direction. The Southwest Vein gold
mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.
The fifth hole, E10-70, was drilled on
the No. 9 Vein and intersected the target quartz vein over a core length of
1.8 metres, which was not mineralized at this
location.
"The assay results from the Southwest
Zone quartz vein continue to be extremely positive," says John P.
Thompson, Sona's President and CEO. "We are
expanding the Southwest Vein, and this high-grade gold mineralization remains
wide open down dip and along strike to the southwest."
The table below shows the drill hole
composite assay intersections returned to date:
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From To Core length Gold
Hole no. (m) (m) (m) (g Au/t)
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E10-51(i) 177.01 177.70 0.7 10.3
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E10-52 51.91 52.82 0.9 134.9
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E10-53 55.06 60.32 5.3 0.7
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including 55.06 55.83 0.8 2.0
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including 57.71 58.57 0.9 1.6
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156.88 160.95 4.1 0.8
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including 156.88 158.95 2.1 1.0
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including 160.45 160.95 0.5 1.6
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E10-54 65.16 67.16 2.0 7.2
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E10-55 70.24 72.28 2.0 2.0
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73.93 76.40 2.5 12.5
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E10-56 55.33 56.05 0.7 1.1
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E10-57 Lost hole in overburden
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E10-58 206.40 210.40 4.0 0.8
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including 207.80 209.80 2.0 1.0
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225.61 225.95 0.3 54.7
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E10-59 91.93 92.75 0.8 31.2
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104.94 106.43 1.5 3.1
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111.44 112.49 1.1 1.3
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E10-60 203.60 204.58 1.0 9.3
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E10-61 No significant assays in quartz vein
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E10-62 245.97 246.97 1.0 0.7
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E10-63 No significant assays in quartz vein
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E10-64 No significant assays in quartz vein
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E10-65 105.77 112.46 6.7 6.5
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including 105.77 106.25 0.5 70.6
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including 105.77 107.55 1.8 21.3
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E10-66 122.28 123.82 1.54 17.4
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including 122.78 123.32 0.5 39.9
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E10-67 118.0 120.50 2.5 96.4
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including 118.50 119.50 1.0 222.0
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E10-68 No significant assays in quartz vein
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E10-69 96.10 100.13 4.03 85.4
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including 96.10 97.64 1.54 195.0
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Target No. 9 Vein, no significant values in quartz
E10-70 vein
---------------------------------------------------------------------------
(i)Results for Hole E10-51 have been corrected. See note below.
Note: True widths are less than core lengths.
Drill core was logged and split on site,
and half-core samples were analyzed using metallic screening gold fire
assaying and 30-element ICP multi-acid digestion at the independent EcoTech Laboratory in Kamloops, B.C. A QA/QC program
consisting of duplicate samples, insertion of known standards and check
assaying was employed.
Correction(i)
On October 25, the independent assaying
facility EcoTech Laboratory advised that in August
it provided Sona with incorrect data on a
high-grade sample from drill hole E10-51. The results should have been
reported as 0.82g Au/t over a 0.51 metre core
interval, not the 39.4g Au/t the laboratory stated. The composite assay over
the interval 176.5 to 177.7 metres is therefore
recalculated over the interval 177.01 to 177.70 metres
as 10.35 g Au/t over 0.69 metres. The Company will
undertake a re-assay of this hole, and will report any variances in a future
news release.
Review
The content of this news release has
been reviewed by John P. Thompson, P.Eng., a Qualified Person for the purposes of NI 43-101, with
the ability and authority to verify the authenticity and validity of the
data.
About Sona
Resources Corp.
Since its inception in 1990, Sona has engaged in exploration activities at its mineral
properties in Canada and the United States, as well as small-scale gold
production at its flagship property, the 100 percent owned Blackdome Gold Mine ("Blackdome"),
in south-central British Columbia. At Blackdome,
the indicated mineral resources are estimated to be 144,500 tonnes, grading 11.29g Au/t and containing 52,600 ounces
of gold, and the inferred resource is estimated to be 90,600 tonnes, grading 8.79g Au/t (news release May 4, 2010). At
its 100 percent owned Elizabeth Gold Property, 30 kilometres
south of the Blackdome Gold Mine, Sona has outlined an inferred gold resource of 522,900 tonnes, grading 12.3g Au/t and containing 206,100 ounces
of gold (news release June 8, 2009). Sona aims to
bring the fully permitted Blackdome mill back into
production over the next three years at a rate of 200 tonnes
per day, with feed from the former-producing Blackdome
Gold Mine and the Elizabeth Gold Property. A positive Preliminary Economic
Assessment by Micon International Ltd. (news
release May 28, 2010), at a gold price of $950 per ounce over an eight-year
period, has estimated pre-tax cash flow of $27 million and pre-production
capital costs of $21 million.
Sona holds a 100 percent interest in two
other promising properties: The Callaghan Project is located in Nevada,
within 80 kilometres of several producing mines,
and is underlain by the Roberts Mountain Thrust, a major structural setting
for gold deposits. The Montgolfier Project is located in Quebec, 40 kilometres east of the multimillion-ounce Casa Berardi Mine gold deposit.
This news release contains certain
forward-looking statements, and such statements involve risks and
uncertainties. The results or events predicted may differ materially from
actual results or events. Any forward-looking statement speaks only as of the
date of this news release. Except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results, or any other occurrence.
Neither the TSX Venture Exchange nor its
regulation services provider, as defined in the policies of the TSX Venture
Exchange, accepts responsibility for the adequacy or accuracy of this
release.
Contact:
+1 (888) 236-5200
Sona Resources Corp.
+1 (604) 684-6678 (FAX)
info@sonaresources.com
www.sonaresources.com
Victor Webb/Madlene Olson
Marston Webb International - Media Inquiries
+1 (212) 684-6601
+1 (212) 725-4709 (FAX)
marwebint@cs.com |