Soho Resources Corp.

Published : June 30th, 2009

Technical Report for its Tahuehueto Project in Durango

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Press Release

 

Soho Resources Corp. Announces NI 43-101 Technical Report for its Tahuehueto Project in Durango, Mexico has been filed on SEDAR

 

Vancouver, BC - June 29, 2009 - Soho Resources Corp ("Soho" or the "Company") is pleased to announce that further to the Company's news release dated May 11, 2009, the independent National Instrument ("NI") 43-101 compliant resource estimate for its Tahuehueto project in Durango, Mexico has been filed on SEDAR.  This resource estimation has been prepared by Scott E. Wilson Consulting, Inc. ("Wilson Consulting") based in Englewood, Colorado.  Wilson Consulting is a full service mining engineering firm, specializing in all aspects of exploration, mine development, and mine operations.

 

The resource includes 7.3 million tonnes in measured and/or indicated categories, with an additional 4.8 million inferred tonnes. Results of the resource estimate are shown in the table below.

 

Measured & Indicated Resources - 7,377,000 Tonnes

  • 2.10 g Au/t       498,000 ounces Au
  • 34.97 g Ag/t     8,294,000 ounces Ag
  • 0.28% Cu          45,339,000 lbs Cu
  • 1.06% Pb          172,738,000 lbs Pb
  • 2.01% Zn          326,653,000 lbs Zn

Inferred Resource - 4,868,000 Tonnes

  • 1.06 g Au/t       166,000 ounces Au
  • 31.77 g Ag/t     4,971,000 ounces Ag
  • 0.23% Cu           24,935,000 lbs Cu
  • 1.13% Pb           132,417,000 lbs Pb
  • 2.26% Zn           242,241,000 lbs Zn

 http://origin.ih.constantcontact.com/fs043/1102372299963/img/7.jpg?a=1102625169186

 

Mineral resources that are not mineral reserves do not have demonstrated economic viability.  Converting resource estimates into economic reserves may be materially affected by the inability to obtain required environmental and other regulatory approval, environmental or operating permits and may also be materially affected by global economic conditions such as the price of gold, silver, copper, lead, zinc, the price of oil and other commodities utilized in mine production.  Unknown geologic or hydrologic conditions or other unknown factors may also materially affect converting resource estimates into reserves.  Metallurgical recoveries are assumed at 100% for all metals listed above.


Please visit the following link on Soho's website to read the complete report by Scott E. Wilson Consulting, Inc.

 

The resource estimate represents only the upper, close to surface portion of three structures; the El Creston structure over approximately 670 m of strike length; the Cinco de Mayo - Catorce - Perdido - Santiago structure known to be at least 3 km long and drill tested over approximately 2.5 km of strike length; and the El Rey structure tested over approximately 250 meters of strike length.  All structures remain open at depth and along strike in both directions.

 

The cutoff grades used to determine the above mineral resources were 2 grams per ton AuEQ for sulfide mineralization and 3 grams per ton AuEQ for oxide mineralization since the potential costs to extract oxide material may be higher than the cost to process sulfide mineralization.  Approximately 10% of the resource is oxide mineralization and therefore only a minor part of the resource.

 

The metal prices used to determine the gold equivalent grade for cutoff purposes were $800 per ounce for gold, $12.00 per ounce for silver, $2.10 per pound for copper, $0.65 per pound for lead and $0.70 per pound for zinc.  Gold-equivalent grades are used for cutoff purposes only.

  

Qualified Person

 

The "qualified person", (as such term is defined in NI 43-101), who prepared the mineral resource estimates disclosed in this press release is Mr. Scott Wilson, B.A. Geology, a Certified Professional Geologist and member of the American Institute of Professional Geologists in Denver, Colorado.  Mr. Wilson is the independent resource estimate consultant for Soho Resources Corp. and has reviewed the technical information contained in this press release.  The NI 43-101 compliant report related to this press release has been filed on SEDAR and has been posted on the Company's website within the timeframe specified by NI 43-101.  Mr. Wilson is the founder of Scott E.Wilson Consulting, Inc. and is independent of Soho as determined by the definitions and criteria set forth in NI 43-101.  There is no affiliation between Scott Wilson and Soho except that of an independent consultant/client relationship.

 

About Soho Resources

 

Soho Resources Corp. is a Canadian junior mining and exploration company with a strategic focus on gold, precious and base metals.  The Company's current focus is directed towards the exploration and development of the "Tahuehueto Project", located in the northwest corner of Durango State, Mexico, within the prolific Sierra Madre mountain range.  The Tahuehueto Project is typical of a classic Mexican epithermal vein system that hosts multiple large scale structures strongly mineralized in Au, Ag, Pb, Zn and Cu.  Soho controls 100% of the Tahuehueto Project through a 99% owned Mexican subsidiary.

 

 

On behalf of Soho Resources Corp.,

Ralph Shearing

President/CEO

 

If you would like to receive information on Soho Resources Corp and its exploration project please contact the Investor Relations Department by email or phone, or visit our website at www.sohoresources.ca for the most up to date information and results.  Other historic information and mandatory filings are available online at www.sedar.com

 

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.

Neither TSX Venture Exchange nor its Regulations 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.

Soho Resources Corp.

Contact: Glen Sandwell

Tel: 604-684-8071

1-800-685-0576

 

Trading Symbol: TSXV - SOH 

Outstanding Shares: 125,887,913

Fully Diluted: 159,422,913

Last Trade: $0.085

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Soho Resources Corp.

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Soho Res. is a zinc and lead exploration company based in Canada.

Soho Res. holds various exploration projects in Mexico.

Its main exploration properties are JOCUIXTITA and TAHUEHUETO in Mexico.

Soho Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.2 millions as of today (US$ 3.0 millions, € 2.2 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.04, and its lowest recent point on January 11, 2013 at CA$ 0.01.

Soho Res. has 213 093 000 shares outstanding.

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10/5/2009(Tahuehueto)Soho Management Meets with Durango State Governor
8/13/2009(Tahuehueto)Drill Results Shown on Corebox.net
6/30/2009(Tahuehueto)Technical Report for its Tahuehueto Project in Durango
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6/19/2008(Tahuehueto)NI 43-101 Technical Report Filed on SEDARCc: ir@sohoresource...
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4/30/2008(Tahuehueto) Reports Initial Resource Estimate for TahuehuetoCc: ir@soho...
3/31/2008(Tahuehueto)Exploration Update
3/1/2008(Tahuehueto)Updates Program and Reports More Positive Drill Results
6/28/2007Announces Drilling Results From the Cinco De Mayo Zone and T...
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6/4/20092009 World Resource Investment Conference
2/2/2008 Adopts Shareholder Rights Plan
2/1/2008 Exploration Update
12/12/2007 President's Letter to Shareholders
12/3/2007Reports More Positive Drill Results From Tahuehueto
10/18/2007announces results of Annual General Meeting
9/27/2007Reports Additional Results and Names New Zone at Tahuehueto ...
9/5/2007President's Letter to Shareholders
8/29/2007 Engages Genoa Management Limited and John Walter Communicat...
8/15/2007is pleased to report additional drill results from Tahuehuet...
6/5/2007Several Corporate Events
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