soho resources corp. reports first assay results from surface and underground sampling from...

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The Company is pleased to announce assay results for initial surface and underground sampling from the La Salvadora Zone within its Jocuixtita SilverProject, located in Sinaloa, Mexico.

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Page 1: Soho Resources Corp. Reports First Assay Results From Surface and Underground Sampling From Jocuixtita Silver Project

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S o h o R e s o u r c e s C o r p . N e w s R e l e a s e – M a y 2 5 , 2 0 1 1

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Soho Resources Corp. Reports First Assay Results From Surface and Underground

Sampling From Jocuixtita Silver Project.

Vancouver, BC – May 25, 2011 – Soho Resources Corp – (TSX Venture – SOH) (“Soho” or the “Company” is pleased to

announce assay results for initial surface and underground sampling from the La Salvadora Zone within its Jocuixtita Silver

Project, located in Sinaloa, Mexico.

Highlights of the sampling results are as follows,

Total Width of Sample Line

Weighted Averages of all samples along sample line

Silver g/t Gold g/t Lead % Zinc % 6.3 Meters 246.47 0.63 1.02 5.44

4.6 Meters 238.40 0.64 0.67 3.51

4.35 Meters 189.24 0.54 1.01 6.76

3.1 Meters 80.58 0.63 0.90 3.53

1.75 Meters 134.00 1.22 0.69 5.05

Results presented herein represent a series of either, channel samples cut with a diamond saw, or continuous hammer chip

samples, collected across the mineralized Salvadora Zone. Individual samples are not more than 1.75 m in width and where

necessary, up to five individual samples were collected along a single sample line. In all cases sample lines do not represent

the full width of the mineralization, as all individual samples at both ends of all sample lines ended in mineralization. In

addition, on surface, overburden cover restricted sampling the true thicknesses of the zone.

Maps displaying the location of the La Salvadora Zone within the Jocuixtita Property, plus individual sample locations,

detailed assay results and photographs of the sample sites, where available, can be viewed at the following link on the

company's website. http://www.sohoresources.ca/index.php?nav=24

"I am excited to deliver these assay results to our shareholders as they confirm that the La Salvadora Zone is strongly

mineralized with high grade silver and significant gold, lead and zinc, mineralization over good widths. With the diamond

drill now on site and commencing core drilling operations, we will soon understand the depth and strike extension of this

strongly mineralized zone" states Mr. Ralph Shearing, president and CEO.”

Soho Resources Corp. (TSX.V: SOH, OTCQX: SOHFF)

Shares Issued – 185,533,676

Last Close $0.105 – May 24, 2011

Page 2: Soho Resources Corp. Reports First Assay Results From Surface and Underground Sampling From Jocuixtita Silver Project

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S o h o R e s o u r c e s C o r p . N e w s R e l e a s e – M a y 2 5 , 2 0 1 1

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Detailed assay results are as follows,

DESCRIPTION OF SURFACE AND UNDERGROUND SAMPLING AT THE JOCUIXTITA PROJECT - MAY 2011

X Y Sliver g/t Gold g/t Lead % Zinc %

102801 Pit Cave 4 372,660.564 2,684,264.014 1.15Continuous

chip

Qtz bx, 15-20% black sulfides

(Sphal) and 5% Py34 0.197 0.529 4.24

102802 Pit Cave 4 372,659.562 2,684,263.454 1.20Continuous

chip

To footwall and similar to the

above38 0.155 0.354 3.86

102803 Pit Cave 4 372,662.912 2,684,262.055 1.75 ChannelQtz bx, 10-15% black sulfides

(Sphal>>gal) 134 1.22 0.688

5.051.75 meters 134.00 1.22 0.69 5.05

102804 Pit Cave 4 1.55 Channel

50 cms at hw abundant black

sulfides. Sil-chlo-py another

part

122 0.474 1.644.53

102805 Pit Cave 4 1.15Continuous

chip

Silica with gray stains of chlo-

py. 30 cms at fw with clays12 0.042 0.064

0.239

102806 Pit Cave 4 1.20Continuous

chip

Argilized block within faults.

Little quartz and black

sulfides

45 0.306 0.2771.275

102807 Pit Cave 4 1.65Continuous

chip

White qtz bx covered by

whitish stains (zinc oxides).

30-40% sphal >gal>arg

729 1.525 1.5113.25

102808 Pit Cave 4 0.75Continuous

ship

Similar to the above but less

sulfide content124 0.363 1.295 4.79

102809 Adit Cave 4 1.40 ChannelQtz bx with whitish oxides. 15-

20% black sphal >gal>arg220 0.877 0.71

5.12

102810 Adit Cave 4 1.20 Channel Similar to the above 49 0.401 0.456 1.59

102811 Adit Cave 4 1.05 Channel Similar to the above 50 0.293 0.428 1.795

102821 Adit Cave 4 0.95 ChannelQtz Bx cut by qtz and Zn-Pb

sulfides (5-10%)713 0.981 1.15 5.47

102812 Adit Cave 4 1.35 Channel

Qtz bx. 10-15% black

sulfides, notorious fine

galena

428 0.649 1.6059.61

102813 Adit Cave 4 1.40 ChannelQtz bx cut by sparse qtz-

sphal-gal (5-10%)45 0.26 0.856 3.65

102814 Adit Cave 4 1.60 Channel

Similar to the above but less

sulfide content (sphal-fine

gal) and py

114 0.685 0.6557.08

102815 Adit Cave 4 0.80 Channel

Qtz bx close to a low angle

slickenside. Little sulfides and

Py

55 0.228 1.12.99

102816 Adit Cave 4 1.30 ChannelQtz bx cut by sparse qtz-

sphal-gal (5-10%) more py86 0.451 0.922 2.6

102817 Adit Cave 4 1.00 Channel Similar to the above 94 1.175 0.71 5.18

102818 Adit Cave 4 1.50 Channel

Qtz bx. Aprox. 10% black

sulfides (sphal-fine gal) and

py

34 0.764 0.5224.18

102819 Adit Cave 4 0.95 ChannelQtz bx with minor black

sulfides content (5%)78 0.457 0.164 0.614

102820 Adit Cave 4 1.40 ChannelAt the stope of the adit. Qtz

Bx with 10-15% black sulfides62 0.387 0.382 4.01 1.40 Meters 62 0.387 0.382 4.01

ADIT (CAVE) 4 - LA SALVADORA ZONE

Sample

NumberLocation

Datum WGS 84 Width

MetersType Description

2.35 meters 36.04 0.18 0.44 4.05

Silver

g/t

Gold

g/t

Lead

%

Zinc

%

Weighted Averages of Sample Line Total Width of

Sample Line

5.44

Underground

Underground

Underground

Underground

Underground

6.3 Meters 246.47 0.63 1.02

6.76Underground

Underground

Underground

4.6 Meters 238.40 0.64 0.67 3.51Underground

Underground

Underground

Underground

4.35 Meters 189.24 0.54 1.01

0.38 2.80

Underground

Underground

3.1 Meters 80.58 0.63 0.90 3.53Underground

Underground

Underground

Underground2.45 Meters 51.06 0.64

Samples were shipped from site to ALS-Chemex’s sample preparation facility in Guadalajara, Mexico with pulps being

shipped by ALS-Chemex to their analytical laboratory in Vancouver, BC, Canada where final analysis is conducted. Gold and

silver are analyzed by Fire Assay. Lead and zinc are analyzed by multi acid digestion and atomic absorption.

Analytical accuracy and precision are monitored by the analysis of reagent blanks and reference materials at the labs.

Quality control is further assured by the insertion by Soho personnel of blind certified standard reference material and

blanks into the sample stream at regular intervals.

About the Jocuixtita Project

The 4,332 hectare Jocuixtita Property hosts a number of northwest and northeast trending epithermal vein structures,

mineralized with silver, gold, lead and zinc. The principle structure hosting the El Carmen – La Salvadora –El Eden historic

mine workings appear to extend over a minimum of 3 km of strike length. The La Salvadora and El Carmen Zones are

separated by approximately 700 m of strike length and both zones contain historic underground workings on several

different levels.

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Assuming success in the initial drill program the company will organize a subsequent drill campaign with the principal intent

of tracing the mineralized structures between these two zones and thereafter, along strike.

The Company considers the Jocuixtita Property to be a premier unexplored silver project within the Sierra Madre

Occidental. Road accessible, near the town of San Ignacio, Sinaloa, Mexico, the project is close to all necessary

infrastructures for successful development. Based upon historic records and work completed to date by the Company,

management believes Jocuixtita has excellent potential to develop into a significant silver project and will hopefully, be a

large contributor to the Company’s current strong resource base, contained within its flagship Tahuehueto Project.

About Soho Resources Corp

Soho Resources Corp. is an exploration and development company strategically focused on gold, silver and base metals in

the prolific Sierra Madre Belt of Mexico.

The Company has two active projects, the Jocuixtita Silver Project which is the subject of this news release and its flagship

Tahuehueto Project in Durango State where on October 4, 2010 the Company announced the results of a Preliminary

Economic Assessment ("PEA") completed by Snowden Mining Industry Consultants Inc. You can view the complete report

at the following address, http://www.sohoresources.ca/pdf/PEA_Snowden_Oct29_2010.pdf

Key findings from the report included:

Summary of PEA Estimates

Net cash flow $US 184.2 million

Net present value (NPV) 5% discount $US 109.6 million

Internal rate of return % 31%

Payback period (months) 27

Mine life (years) 11

Maximum processing rate (tonnes/annum) 1,000,000

Capital and start-up costs $US 89.1 million

Note: Calculations based on a 3 year rolling average of metal prices at the end of August 2010

Currency - US$ Gold: 965.81, Silver: 15.38, Copper: 2.92, Lead: 0.95, Zinc: 0.88

The Tahuehueto Project is a classic epithermal system hosting multiple structures traced for up to six kilometres of strike

length. Considerable upside exploration potential remains within the explored structures containing the defined resources,

both down dip and along strike, as well as within numerous other unexplored mineralized structures.

Qualified Persons

This press release was prepared under the supervision and review of Ralph Shearing, President and CEO of Soho Resources

Corp., a Professional Geologist, and Qualified Person as defined by NI 43-101.

Definitions used in this release are consistent with those adopted by the Canadian Institute of Mining, Metallurgy and

Petroleum (“CIM”) Council in December 2005, as amended, and prescribed by the Canadian Securities Administrator’s

National Instrument 43-101 and Form 43-101F1, Standards of Disclosure for Mineral Projects. Mineral resources are not

mineral reserves and do not have demonstrated economic viability.

ON BEHALF OF THE BOARD OF DIRECTORS

(signed) “Ralph Shearing”

Page 4: Soho Resources Corp. Reports First Assay Results From Surface and Underground Sampling From Jocuixtita Silver Project

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Ralph Shearing, Chief Executive Officer

“Neither the TSX Venture Exchange nor its Regulation 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.”

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.

Contact:

Soho Resources Corp.

Glen Sandwell, IR Manager

Tel: (604) 684-8071

[email protected]

www.sohoresources.ca