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Soho Resources
Corp. Reports First Assay Results From Surface and Underground
Sampling From Jocuixtita Silver Project
Vancouver, BC � May 25, 2011 � Soho Resources Corp � (TSX Venture � SOH) (�Soho� or the �Company� is pleased to announce assay
results for initial surface and underground sampling from the La Salvadora Zone within its Jocuixtita
Silver Project, located in Sinaloa, Mexico.
Highlights
of the sampling results are as follows,
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Total Width
of
Sample Line
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Weighted
Averages of all samples along sample
line
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Silver g/t
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Gold g/t
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Lead %
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Zinc %
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6.3
Meters
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246.47
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0.63
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1.02
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5.44
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4.6 Meters
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238.40
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0.64
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0.67
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3.51
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4.35 Meters
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189.24
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0.54
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1.01
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6.76
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3.1 Meters
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80.58
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0.63
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0.90
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3.53
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1.75 Meters
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134.00
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1.22
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0.69
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5.05
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Results presented herein represent a series of
either, channel samples cut with a diamond saw, or continuous hammer chip
samples, collected across the mineralized Salvadora
Zone. Individual samples are not more than 1.75 m in width and where
necessary, up to five individual samples were collected along a single
sample line. In all cases sample lines do not represent the full width
of the mineralization, as all individual samples at both ends of all sample
lines ended in mineralization. In addition, on surface, overburden
cover restricted sampling the true thicknesses of the zone.
Maps displaying the location of the La Salvadora Zone within the Jocuixtita
Property, plus individual sample locations, detailed assay results and
photographs of the sample sites, where available, can be viewed at the
following link on the company's website. http://www.sohoresources.ca/index.php?nav=24
"I am excited to deliver these assay results
to our shareholders as they confirm that the La Salvadora
Zone is strongly mineralized with high grade silver and significant gold,
lead and zinc, mineralization over good widths. With the diamond drill
now on site and commencing core drilling operations, we will soon
understand the depth and strike extension of this strongly mineralized zone" states
Mr. Ralph Shearing, president and CEO.�
Detailed assay results can be
viewed on the company website at http://www.sohoresources.ca/pdf/LaSalvadora_Sampling.pdf
Samples were shipped from site
to ALS-Chemex�s sample preparation facility in Guadalajara, Mexico with pulps
being shipped by ALS-Chemex to their analytical
laboratory in Vancouver, BC, Canada where final analysis is
conducted. Gold and silver are analyzed by Fire Assay. Lead and
zinc are analyzed by multi acid digestion and atomic absorption.
Analytical accuracy and precision are monitored by
the analysis of reagent blanks and reference materials at the labs. Quality
control is further assured by the insertion by Soho
personnel of blind certified standard reference material and blanks into
the sample stream at regular intervals.
About
the Jocuixtita Project
The 4,332 hectare Jocuixtita
Property hosts a number of northwest and northeast trending epithermal vein
structures, mineralized with silver, gold, lead and zinc. The
principle structure hosting the El Carmen � La Salvadora
�El Eden historic mine workings appear to extend over a minimum of 3 km of
strike length. The La Salvadora and El
Carmen Zones are separated by approximately 700 m of strike length and both
zones contain historic underground workings on several different
levels.
Assuming success in the initial drill program the
company will organize a subsequent drill campaign with the principal intent of tracing the mineralized structures
between these two zones and thereafter, along strike.
The Company considers the Jocuixtita Property to be a premier unexplored silver
project within the Sierra Madre Occidental. Road accessible, near the
town of San Ignacio, Sinaloa, Mexico, the project is close to all necessary
infrastructures for successful development. Based upon historic
records and work completed to date by the Company, management believes Jocuixtita has excellent potential to develop into a
significant silver project and will hopefully, be a large contributor to
the Company's current strong resource base, contained within its flagship Tahuehueto Project.
About
Soho Resources Corp
Soho Resources Corp. is an exploration and development
company strategically focused on gold, silver and base metals in the
prolific Sierra Madre Belt of Mexico.
The
Company has been conducting an exploration and drilling program
to expand and upgrade its resources at its flagship Tahuehueto
Project in Durango State and on October 4, 2010 announced the
results of a Preliminary Economic Assessment ("PEA")
completed by Snowden Mining Industry Consultants Inc. Key findings from the report included:
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Summary of PEA Estimates
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Net cash flow
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$US 184.2 million
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Net
present value (NPV) 5% discount
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$US 109.6 million
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Internal rate of return %
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31%
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Payback period (months)
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27
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Mine life (years)
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11
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Maximum
processing rate (tonnes/annum)
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1,000,000
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Capital
and start-up costs
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$US 89.1 million
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Note :
Calculations based on a 3 year rolling average of metal prices at the end
of August 2010
Currency - US$ Gold: 965.81, Silver: 15.38, Copper: 2.92, Lead:
0.95, Zinc: 0.88
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The Tahuehueto Project
is a classic epithermal system hosting multiple structures traced for up to
six kilometers of strike length. Considerable upside exploration potential
remains on the existing explored resource structures both down dip and
along strike, as well as on numerous other unexplored mineralized
structures.
Qualified
Persons
This
press release was prepared under the supervision and review of Ralph
Shearing, President and CEO of Soho Resources
Corp., a Licensed Geologist, and Qualified Person as defined by NI 43-101.
Definitions
used in this release are consistent with those adopted by the Canadian
Institute of Mining, Metallurgy and Petroleum (�CIM�) Council in December
2005, as amended, and prescribed by the Canadian Securities Administrator�s
National Instrument 43-101 and Form 43-101F1, Standards of Disclosure for
Mineral Projects. Mineral resources are not mineral reserves and do not
have demonstrated economic viability.
ON
BEHALF OF THE BOARD OF
DIRECTORS
(signed) �Ralph
Shearing�
Ralph
Shearing, Chief Executive Officer
�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.�
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.
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