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NEWS RELEASE
Exploration Update
Vancouver, British Columbia, March 31st, 2008; Soho Resources Corp. – (TSX
Venture – SOH) (“Soho” or the “Company”) is pleased to provide an update for
its ongoing exploration program at its Tahuehueto Project, located in
northwestern Durango State, Mexico.
Drilling
Falcon
Drilling (“Falcon”) has delivered a second diamond drill rig to the
Tahuehueto property which commenced operation on March 18, 2008. With the
addition of this drill rig there are now a total of four active drill rigs on
site.
Since
the beginning of January 2008 a total of 22 holes have been drilled, five on
the Cinco De Mayo Zone, four on the Catorce Zone with one in progress, seven
short initial test holes on the Texcalama Zone, four on El Creston Zone with
two more in progress and two on the Santiago Zone with one in progress.
Drill
core samples from 17 holes (one from 2007) have been delivered to the lab and
are in various stages of the analysis process. Samples from 6
additional recent holes are in the process of being collected and prepared
for shipment from site to the lab's sample processing facility. Four
additional drill holes are currently in progress and will be submitted to the
lab upon completion of drilling, logging and sampling.
"This
year’s exploration drilling program is proceeding very well and Hall Stewart,
our V.P. Exploration has done an excellent job of managing the program and
its data output under trying conditions”, states Mr. Ralph
Shearing, President of Soho, “Falcon Drilling has proven to be an extremely
capable drill contractor, and now with the increased drilling rate we expect
to provide a more regular flow of drill results to our shareholders
throughout the year. I am also very happy to say that we are very close
to releasing our initial resources calculation and expect to substantially
add to that initial resource with continued drilling throughout 2008.”
NI
43-101 Initial Resource Calculation
In
late 2007, Soho submitted the necessary data required for its’ first NI
43-101 resource calculation to Mine Development Associates (“MDA”) of Reno
Nevada. MDA is nearing completion of this resource calculation however,
they have communicated to Soho that they have had to revise their target for
completion from the end of March 2008 to mid to late April 2008. MDA
has assured Soho that they are working extremely hard to complete the
calculation and report as quickly as possible. Considering that the
resource is being calculated from 5 zones covering approximately 2.5 km of
strike length and individually modeling five different elements, (Au, Ag, Cu,
Pb and Zn), it is not surprising that there is a small delay to MDA’s initial
estimated completion date of the resource calculation.
On behalf
of Soho Resources Corp,
Glen
Sandwell
Manager,
Investor Relations
If
you would like to receive information on Soho Resource Corp and it’s
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.
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.
The
TSX Venture Exchange has not reviewed and does not take responsibility for
the adequacy or accuracy of this release
Contact
Information
Soho
Resources Corp.
Glen
Sandwell & Stephen Casey
Tel:
604.684.8071
Toll
Free: 1.800.685.0576
Email:
investor_relations@sohoresources.ca
Web:
www.sohoresources.ca
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