soho resources corp. reports first assay results from surface and underground sampling from...
DESCRIPTION
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.TRANSCRIPT
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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
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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”
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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
www.sohoresources.ca