Sona Resources Corp.

Published : December 02nd, 2010

Sona Resources Corp.: No. 9 Vein Surface Sampling Averages 56.9g Au/t

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No. 9 Vein Surface Sampling Averages 56.9g Au/t

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)

E10-70

no significant values

E10-71

6.47

7.51

1.04

2.63

 

129.9

130.74

0.84

0.67

E10-72

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.

 

Sona Resources Corp.

EXPLORATION STAGE
CODE : SYS.V
ISIN : CA83540Y1088
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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.

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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
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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...
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