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Press Release
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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
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.
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.
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.,
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
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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.
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Soho Resources Corp.
Trading Symbol: TSXV - SOH
Outstanding Shares: 125,887,913
Fully Diluted: 159,422,913
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