Surface and Drilling Results Received
VANCOUVER,
December 2, 2010 - Sona Resources Corp. (the
"Company" or "Sona"; TSXV -
SYS, Frankfurt-QS7) is pleased to report assay results from surface
sampling and diamond drilling that targeted the No. 9 Vein at its 100
percent owned Elizabeth Gold Deposit Property, located in the Lillooet
Mining District of south-central British Columbia, 220 kilometres
north of Vancouver.
The No. 9 Vein is a south-trending quartz carbonate structure situated
approximately 500 metres to the north of the
Southwest Vein. The area contains historical underground workings, driven
in 1949 and 1950 in a southerly direction along the vein for 280 metres. On a steep slope above the old No. 9 Vein
portal, a narrow structure of sheared quartz veining can be seen that
varies in width from a few to 20 centimetres
wide.
The current program is the first exploration work undertaken by Sona on the No. 9 Vein, and consisted of five chip
samples collected above the portal on average every three metres in a southerly direction, varying in width from
seven to 18 centimetres. In sequence, the
assay results returned the following values:
Sample
|
Width
(cm)
|
Gold
(g Au/t)
|
1
|
3
|
0.0
|
2
|
7
|
0.2
|
3
|
7
|
60.0
|
4
|
12
|
32.6
|
5
|
18
|
188.9
|
Average
|
56..9
|
The highest-grade
gold sample returned silver values of 80.0g Ag/t.
As a part of the 2010 drill program, Sona
completed three drill holes at the No. 9 Vein, two of which
successfully intersected the vein; the third hole stopped short of the
target. The holes were collared about 40 metres
south of the No. 9 Vein portal, and intersected the vein at approximately
50 and 100 metres below the adit
level.
The table below
details the drill hole composite assay results.
|
From
|
To
|
Core
length
|
Gold
|
Hole
no.
|
(m)
|
(m)
|
(m)
|
(g
Au/t)
|
|
no
significant values
|
|
6.47
|
7.51
|
1.04
|
2.63
|
|
129.9
|
130.74
|
0.84
|
0.67
|
|
did
not intersect target
|
Note: True widths
are less than core lengths.
In 1983, R.W. Phendler (Phendler,
R.W., Sampling Program -
Yalokom Property, BC private company
report, 1983) completed an underground sampling program of the continuous
No. 9 quartz vein. The report stated that it had intersected three separate
zones of gold-bearing ore shoots along the drift and indicated the high
nature of the zones:
- 44.3g Au/t
over an average of 0.43 metres width
and 48.70 metres length;
- 25.4g Au/t
over an average of 0.62 metres width
and 15.20 metres length; and
- 20.6g Au/t
over an average of 0.44 metres width and
10.70 metres length.
Quality
Assurance/Quality Control
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.
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,
250 kilometres north of Vancouver. 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.
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