News release
Soho Resources Corp. (TSX.V: SOH)
Shares Issued – 152,013,693
SOHO RESOURCES ENGAGES SNOWDEN MINING INDUSTRY CONSULTANTS INC. TO COMPLETE PRELIMINARY ECONOMIC ASSESSMENT ON TAHUEHUETO PROJECT
VANCOUVER, BRITISH COLUMBIA – March 08, 2010 – Soho Resources Corp. (TSX Venture ‐ SOH) (“Soho” or the “Company”) is pleased to announce that it has engaged Snowden Mining Industry Consultants Inc. (“Snowden”) to produce a NI 43‐101 compliant Preliminary Economic Assessment (“PEA”) for its Tahuehueto Project located in Durango, Mexico.
Snowden is an established international mining consultancy that commenced operations in Perth, Western Australia in 1987 and has now consulted on projects for over 150 clients’ worldwide, covering a wide range of mineral commodities. Snowden’s existing client base includes most of the international mining houses. Snowden now employs approximately 180 staff in offices in Perth, Brisbane, Vancouver, Johannesburg, London and Belo Horizonte.
The purpose of the PEA is to provide an independent economic analysis that will outline several possible options in regard to further development of the Tahuehueto Project and provide analysis on the economic potential of the project.
The Tahuehueto Project currently contains an NI 43‐101 compliant resource consisting of 7.4 million tonnes Measured & Indicated, and an additional 4.8 million tonnes Inferred using a cutoff grade of 2 grams per tonne AuEQ with M&I grades averaging 2.10 grams Au, 34.97 grams Ag per tonne, 0.28% copper, 1.06% lead and 2.01% zinc. (See chart below)
| CUTOFF | GOLD | SILVER | COPPER | LEAD | ZINC | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 GRAMS/TONNE | |||||||||||||
| Category | Tonnes (,000’s) | g/t | Oz. (,000’s) | g/t | Oz. (,000’s) | Cu% | Lbs. (,000’s) | Pb% | Lbs. (,000’s) | Zn% | Lbs. (,000’s) | ||
| Measured Indicated | 26% 34% | 3,254 4,123 | 2.40 251 1.87 248 | 36.30 3,798 33.92 4,496 | 0.28 20,439 0.27 24,900 | 1.10 79,228 1.03 93,511 | 2.07 148,759 1.96 177,894 | ||||||
| Total M&I | 60% | 7,377 | 2.10 498 | 34.97 8,294 | 0.28 45,339 | 1.06 172,738 | 2.01 326,653 | ||||||
| Inferred | 40% | 4,868 | 1.06 | 31.77 | 0.23 | 1.23 | 2.26 |
| CUTOFF | GOLD | SILVER | COPPER | LEAD | ZINC | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 GRAMS/TONNE | |||||||||||||
| Category | Tonnes (,000’s) | g/t | Oz. (,000’s) | g/t | Oz. (,000’s) | Cu% | Lbs. (,000’s) | Pb% | Lbs. (,000’s) | Zn% | Lbs. (,000’s) | ||
| Measured Indicated | 29% 34% | 2,304 2,757 | 3.14 232 2.29 203 | 43.22 3,201 33.46 2,966 | 0.34 17,108 0.27 16,269 | 1.32 67,122 0.98 59,796 | 2.45 124,209 1.86 113,354 | ||||||
| Total M&I | 63% | 5,061 | 2.67 435 | 37.90 6,167 | 0.30 33,377 | 1.14 126,968 | 2.13 237,563 | ||||||
| Inferred | 37% | 2,946 | 1.38 | 34.53 | 0.26 | 1.43 | 2.68 |
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 r c h 0 8 , 2 0 1 0 P a g e 1
| CUTOFF | GOLD | SILVER | COPPER | LEAD | ZINC | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 GRAMS/TONNE | |||||||||||||
| Category | Tonnes (,000’s) | g/t | Oz. (,000’s) | g/t | Oz. (,000’s) | Cu% | Lbs. (,000’s) | Pb% | Lbs. (,000’s) | Zn% | Lbs. (,000’s) | ||
| Measured Indicated | 30% 34% | 1,646 1,844 | 3.98 211 3.16 187 | 48.40 2,562 40.58 2,405 | 0.39 14,222 0.33 13,548 | 1.46 53,085 1.20 48,580 | 2.78 101,023 2.27 92,365 | ||||||
| Total M&I | 64% | 3,490 | 3.55 398 | 44.27 4,967 | 0.36 27,771 | 1.32 101,665 | 2.51 193,388 | ||||||
| Inferred | 36% | 1,945 | 1.72 | 38.07 | 0.30 | 1.56 | 3.11 |
The resource figures presented above are from a NI 43‐101 compliant mineral resource estimate report prepared by Scott E. Wilson Consulting, Inc. ("Wilson Consulting") based in Englewood, Colorado. 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 (see news release dated 25 June, 2009)
Mr Ralph Shearing, P.Geol., also a “qualified person” is responsible for the preparation of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
(signed) “Ralph Shearing”
Ralph Shearing, Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept 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.
CORPORATE CONTACT
Soho Resources Corp.
Mr. Glen Sandwell Tel: (604) 684‐8071 Email: [email protected] Toll Free: 1-800-685-0576 Web: www.sohoresources.ca
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 r c h 0 8 , 2 0 1 0 P a g e 2