Sona Resources Corp.

Published : November 22nd, 2011

INTERSECTS 13.6g Au/t OVER 1.5 METRES AT ITS BLACKDOME GOLD MINE PROPERTY

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Diamond | Gold | Gold Mine | Gold Production |






Latest News
Nov 18, 2011
Sona Cuts 28.1g Au/t Over 1.46 Metres At The Elizabeth Gold Deposit Property
more
Nov 9, 2011
Sona Closes $600,000 Flow-Through Financing
more

Nov 1, 2011
Sona Announces Private Placement
more

SONA RESOURCES CORPORATION
NEWS RELEASE No. 18, 2011

SONA INTERSECTS 13.6g Au/t OVER 1.5 METRES AT
ITS BLACKDOME GOLD MINE PROPERTY

Drill intercept opens up new area of potential high-grade mineralization

VANCOUVER, November 22, 2011 � Sona Resources Corp. (the �Company� or �Sona�; TSX V:SYS, Frankfurt-QS7) is pleased to report that it has concluded the latest surface Diamond drill program at its 100 percent owned, formerly producing Blackdome Gold Mine property (�Blackdome�), located in the Clinton Mining District of southern British Columbia.

The exploration program was designed to drill for new gold-bearing structures or extensions of known areas of mineralization, and to outline potential areas for economic development of gold-bearing ore. It succeeded in drilling 16 holes totalling 3,176 metres.

�We intersected a promising new mineralized zone, and we feel optimistic about the assay results,� says John P. Thompson, Sona�s President and CEO. �We have undertaken an aggressive exploration program that has tested a number of target zones. Our discovery of this new gold-bearing structure is significant, and it represents a positive development for the Company.�

Southern Zone

Holes BD11-04 to BD11-13 were drilled as an east-west-trending fence to test for a southern extension of the historically mined No. 1 and No. 2 Veins. They covered a distance of approximately 1,000 metres, to a maximum depth of around 200 metres below surface. The fence of drill holes was located about 300 metres south of any previous drilling on these zones, and about 650 metres south of the southernmost underground workings on the No. 1 and No. 2 Vein systems. Hole BD11-08 returned an assay of 13.6g Au/t over 1.50 metres core length, and it has opened up a whole new area of potential high-grade gold mineralization for future drill testing.

An adjacent hole (BD11-05) assayed 3.3g Au/t over 1.50 metres core length, at an intersection down dip from the intersection in Hole BD11-08. Another adjacent hole (BD11-06) intersected 0.7g Au/t over 1.50 metres core length, up dip from Hole BD11 08.. Hole BD11-04 intersected a separate zone, assaying 0.6g Au/t over 1.50 metres core length. The other fence holes returned values no greater than 0.5g Au/t, and one hole (BD11-07) was lost.  

 

 

 

 

 

Southwest Vein extension

Holes BD11-01, BD11-02 and BD11-03 tested the northern extension of the Southwest Vein and the immediate area, approximately 400 metres south of the property�s tailings pond, but they only intersected low values. While testing the northern extension of the Giant Vein, Holes BD11-14 to BD11 16 also intersected low values.

Ten distinct auriferous structures have been modelled on the Blackdome Gold Mine property, with the bulk of gold production coming from the No. 1 and No. 2 Veins. During the late 1980s, this mine averaged over 20g Au/t delivered to the mill, with a cut-off grade of 10g Au/t. Given current gold prices, the cut-off grade for resource estimation could be significantly lower, and the mineralized areas not drill tested in the 1980s remain as targets to be evaluated.

Current NI 43-101-compliant indicated resources have principally been estimated on the No. 1 and No. 2 Veins, with lesser tonnages on the Watson Vein, Vein 11, Vein 18, the Redbird Vein and the Giant Vein, using a cut-off grade of 5g Au/t.

Material samples for analysis and assay were cut in half using a Diamond saw. Half of the core was sent to the lab for analysis, and the remaining half preserved for future reference. The samples were analyzed for gold by standard fire assay atomic absorption finish techniques, as well as multi-element ICP on most samples. A strict QA/QC program was followed, including the use of certified pulp standards and blanks at Acme Labs in Vancouver, and verification analyses at a second laboratory.

The content of this news release has been reviewed by John P. Thompson, a Qualified Person for the purposes of NI 43-101, with the ability and authority to verify the authenticity and validity of the data herein.

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, in south-central British Columbia, 250 kilometres north of Vancouver. At Blackdome, the indicated mineral resources is estimated at 144,500 tonnes, grading 11.3g Au/t and containing 52,600 ounces of gold; and the inferred resource is estimated at 90,600 tonnes, grading 8.8g Au/t (news release dated May 4, 2010).

At its 100 percent owned Elizabeth Gold Deposit 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 dated June 8, 2009).

Sona aims to bring its permitted Blackdome mill back into production over the next year and a half at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome Gold Mine and the Elizabeth Gold Deposit Property. A positive Preliminary Economic Assessment by Micon International Ltd. (news release dated May 28, 2010), based on a gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered. 

Sona also holds a 100 percent interest in the Montgolfier Project, 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.
1166 Alberni St., Suite 802
Vancouver, B.C., Canada V6E 3Z3
Tel: +1 (888) 236-5200
Fax: +1 (604) 684-6678
Email: info@sonaresources.com

Media Inquiries
Victor Webb/Madlene Olson
Marston Webb International
Tel: +1 (212) 684-6601
Fax: +1 (212) 725-4709
Email: marwebint@cs.com

 


  | Update Profile | Confirm




Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Sona Resources Corp.

EXPLORATION STAGE
CODE : SYS.V
ISIN : CA83540Y1088
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Sona Resources is a gold exploration company based in Canada.

Sona Resources holds various exploration projects in Canada.

Its main exploration properties are ZENDA, CALLAGHAN and GOLDEN TREND in USA and MONTGOLFIER, TRUAX CLAIMS, ELIZABETH and BLACKDOME in Canada.

Sona Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.3 millions, € 1.2 millions).

Its stock quote reached its highest recent level on September 14, 2007 at CA$ 5.00, and its lowest recent point on April 08, 2016 at CA$ 0.01.

Sona Resources has 29 224 056 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Sona Resources Corp.
8/2/2013Closes Second Tranche of Private Placement
7/25/2013Closes First Tranche of Private Placement
6/18/2013Closes Second Tranche of Private Placement
3/18/2013Announces Private Placement
1/24/2012CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
1/2/2012CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
12/21/2011ANNOUNCES PRIVATE PLACEMENT
2/17/2011Sona Resources $1,499,999.60 private placement
Nominations of Sona Resources Corp.
4/1/2011APPOINTS MICHAEL WILLIAMS TO BOARD OF DIRECTORS
Project news of Sona Resources Corp.
9/8/2011INTERSECTS 8.4g Au/t OVER 0.51 METRES
7/19/2011(Blackdome)Commences 5,000-Metre Surface Drill Program at Its Blackdome...
7/12/2011(Elizabeth)s 4,500-Metre Underground Drill Program at Its Elizabeth Gol...
6/9/2011(Elizabeth)BEGINS 4,500-METRE UNDERGROUND DRILL PROGRAM AT ITS ELIZABE...
4/1/2011(Elizabeth)Releases Final 2010 Drill Results From Elizabeth Gold Deposi...
3/24/2011(Elizabeth)Gears Up for Underground Exploration at the Elizabeth Gold D...
3/22/2011STAY IN TOUCH WITH SONA RESOURCES
8/13/2008Releases Technical Report and Drill Data on the Elizabeth So...
5/1/2008(Montgolfier)Reports on Montgolfier Project Drilling Progress in Quebec
3/3/2008(Montgolfier)Provides Progress Report on its Montgolfier Drilling Program
12/14/2007(Montgolfier)Finalizes Plans for New Drill Program at its Montgolfier Pro...
10/16/2007(Elizabeth)Intersects 12.38g Au/t over 3.24 metres at the Elizabeth Sou...
10/9/2007Intersects 5.73g Au/t over 1.75 metres on the Blackdome No. ...
9/13/2007(Elizabeth) Intersects 37.5g Au/t over 11.2 metres at the Elizabeth Sou...
9/11/2007Identifies a Possible Southern Extension of the Giant Vein a...
6/26/2007(Montgolfier)Additional Promising Drilling Results from J-Pacific's Montg...
4/12/2005(Blackdome)2005 Technical report
Corporate news of Sona Resources Corp.
12/24/2015Sona Resources Clarifies Technical Disclosure
9/3/2015Sona Becomes Tier 2 Issuer
4/10/2015Sona Files Response Against Civil Claim by Illidge and White...
3/11/2015Sona Disputes Civil Claim Filed by Illidge and White Over El...
3/11/2015(Elizabeth)Disputes Civil Claim Filed by Illidge and White Over Elizabe...
12/17/2014Sona Recieves Threat to Elizabeth Option Agreements
10/28/2014IIROC Trading Resumption - PZE; LAB; REV.H; SYS
10/24/2014IIROC Trading Halt - SYS
7/16/2013Enters Into an Option Agreement to Acquire 100% of the Miner...
5/14/2013Closes First Tranche of Private Placement and Reprices Stock...
3/13/2013and China Machinery Engineering Corporation Extend the Timef...
2/13/2013Signs Agreement With China Machinery Engineering Corporation...
10/26/2012(Blackdome)Blackdome-Elizabeth Gold Project Progress Report
7/14/2011MiningInsights (tm) Sona Resources Corp.: Resurgent Value in...
4/19/2011CLARIFIES TECHNICAL DISCLOSURE
3/15/2011Closing of First Tranche of Private Placement for $257,400
9/18/2008Receives Quebec Mineral Investment Refund
4/18/2008Sale of Shares
2/15/2008 Grants Incentive Options
1/31/2008Gold Announces 2008 Exploration Plans
1/24/2008Commences New Drill Program at its Montgolfier Project in Qu...
1/21/2008Terminates SEC Registration
1/15/2008 Resignation of Directors
6/25/2007Arranges Financing
6/20/2007Commences Drilling Program at the Elizabeth Southwest Gold V...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SYS.V)
0.060-20.00%
TSX-V
CA$ 0.060
09/13 12:37 -0.020
-20%
Prev close Open
0.080 0.070
Low High
0.060 0.070
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.060 -%
Volume 1 month var.
22,000 -%
24hGold TrendPower© : 1
Produces
Develops
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.73-1.90%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.26-0.53%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58-0.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.49-0.40%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.41-1.34%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.72-0.86%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.68-1.39%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+3.03%Trend Power :