SONA
RESOURCES CORP.
TSXV
- SYS
NEWS
RELEASE No. 19, 2010
SONA DRILLS 85.4g Au/t OVER 4.0 METRES AT
ELIZABETH GOLD DEPOSIT PROPERTY
Southwest Vein mineralization extended
VANCOUVER, October 27, 2010 – Sona Resources Corp. (the “Company”
or “Sona”; TSXV – SYS, Frankfurt–QS7) 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.”
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.
The table below shows the drill hole composite assay intersections
returned to date:
|
From
|
To
|
Core
length
|
Gold
|
Hole no.
|
(m)
|
(m)
|
(m)
|
(g Au/t)
|
E10-51*
|
177.01
|
177.70
|
0.7
|
10.3
|
E10-52
|
51..91
|
52..82
|
0.9
|
134.9
|
E10-53
|
55..06
|
60..32
|
5.3
|
0.7
|
including
|
55..06
|
55..83
|
0.8
|
2.0
|
including
|
57..71
|
58..57
|
0.9
|
1.6
|
|
156.88
|
160.95
|
4.1
|
0.8
|
including
|
156.88
|
158.95
|
2.1
|
1.0
|
including
|
160.45
|
160.95
|
0.5
|
1.6
|
E10-54
|
65..16
|
67..16
|
2.0
|
7.2
|
E10-55
|
70..24
|
72..28
|
2.0
|
2.0
|
|
73..93
|
76..40
|
2.5
|
12..5
|
E10-56
|
55..33
|
56..05
|
0.7
|
1.1
|
E10-57
|
Lost hole in overburden
|
E10-58
|
206.40
|
210.40
|
4.0
|
0.8
|
including
|
207.80
|
209.80
|
2.0
|
1.0
|
|
225.61
|
225.95
|
0.3
|
54..7
|
E10-59
|
91..93
|
92..75
|
0.8
|
31..2
|
|
104.94
|
106.43
|
1.5
|
3.1
|
|
111.44
|
112.49
|
1.1
|
1.3
|
E10-60
|
203.60
|
204.58
|
1.0
|
9.3
|
E10-61
|
No significant assays in quartz vein
|
E10-62
|
245.97
|
246.97
|
1.0
|
0.7
|
E10-63
|
No significant assays in quartz vein
|
E10-64
|
No significant assays in quartz vein
|
E10-65
|
105.77
|
112.46
|
6.7
|
6.5
|
including
|
105.77
|
106.25
|
0.5
|
70..6
|
including
|
105.77
|
107.55
|
1.8
|
21..3
|
E10-66
|
122.28
|
123.82
|
1.54
|
17..4
|
including
|
122.78
|
123.32
|
0.5
|
39..9
|
E10-67
|
118.0
|
120.50
|
2.5
|
96..4
|
including
|
118.50
|
119.50
|
1.0
|
222.0
|
E10-68
|
No significant assays in quartz vein
|
E10-69
|
96..10
|
100.13
|
4.03
|
85..4
|
including
|
96..10
|
97..64
|
1.54
|
195.0
|
E10-70
|
Target No. 9 Vein, no significant values in quartz vein
|
*Results for Hole E10-51 have been
corrected. See note below.
Note: True widths are less than core
lengths..
Correction*
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 that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
For more information, visit www.sonaresources.com,
or call or e-mail:
Sona Resources Corp.
802–1166 Alberni Street
Vancouver, BC, Canada V6E 3Z3
Tel:�� +1 (888) 236-5200
Fax: +1 (604) 684-6678
E-mail: info@sonaresources.com
|
Media Inquiries
Victor Webb/Madlene Olson
Marston Webb International
Tel:�� +1 (212) 684-6601
Fax: +1 (212) 725-4709
E-mail: marwebint@cs.com
|