Soho Resources Engages Snowden Mining Industry Consultants Inc. to Complete Preliminary Economic Assessment on Tahuehueto Project
10:00 EST Monday, March 08, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 8, 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)
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CUTOFF
2 GRAMS/TONNE GOLD SILVER COPPER
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Tonnes Oz. Oz. Lbs.
Category (,000's) g/t (,000's) g/t (,000's) Cu% (,000's)
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Measured 26% 3,254 2.40 251 36.30 3,798 0.28 20,439
Indicated 34% 4,123 1.87 248 33.92 4,496 0.27 24,900
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Total M&I 60% 7,377 2.10 498 34.97 8,294 0.28 45,339
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Inferred 40% 4,868 1.06 31.77 0.23
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LEAD ZINC
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Lbs. Lbs.
Pb% (,000's) Zn% (,000's)
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1.10 79,228 2.07 148,759
1.03 93,511 1.96 177,894
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1.06 172,738 2.01 326,653
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1.23 2.26
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CUTOFF 3 GRAMS/TONNE GOLD SILVER COPPER
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Tonnes Oz. Oz. Lbs.
Category (,000's) g/t (,000's) g/t (,000's) Cu% (,000's)
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Measured 29% 2,304 3.14 232 43.22 3,201 0.34 17,108
Indicated 34% 2,757 2.29 203 33.46 2,966 0.27 16,269
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Total M&I 63% 5,061 2.67 435 37.90 6,167 0.30 33,377
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Inferred 37% 2,946 1.38 34.53 0.26
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LEAD ZINC
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Lbs. Lbs.
Pb% (,000's) Zn% (,000's)
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1.32 67,122 2.45 124,209
0.98 59,796 1.86 113,354
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1.14 126,968 2.13 237,563
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1.43 2.68
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CUTOFF 4 GRAMS/TONNE GOLD SILVER COPPER
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Category Tonnes Oz. Oz. Lbs.
(,000's) g/t (,000's) g/t (,000's) Cu% (,000's)
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Measured 30% 1,646 3.98 211 48.40 2,562 0.39 14,222
Indicated 34% 1,844 3.16 187 40.58 2,405 0.33 13,548
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Total M&I 64% 3,490 3.55 398 44.27 4,967 0.36 27,771
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Inferred 36% 1,945 1.72 38.07 0.30
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LEAD ZINC
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Lbs. Lbs.
Pb% (,000's) Zn% (,000's)
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1.46 53,085 2.78 101,023
1.20 48,580 2.27 92,365
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1.32 101,665 2.51 193,388
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1.56 3.11
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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
Ralph Shearing, Chief Executive Officer
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.
Shares Issued - 152,013,693
FOR FURTHER INFORMATION PLEASE CONTACT:
Soho Resources Corp.
Mr. Glen Sandwell
(604) 684-8071 or Toll Free: 1-800-685-0576
ir@sohoresources.ca
www.sohoresources.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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