🕐08.03.10 - 16:52 Uhr
News from Soho Resources Corp.
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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.
Snowdens 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 charts below)
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
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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.
Neither TSX Venture Exchange nor its Regulations 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.
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Soho Resources Corp.
Contact: Glen Sandwell
[mailto:]
Tel: 604-684-8071
1-800-685-0576
Trading Symbol: TSXV - SOH
Outstanding Shares: 152,013,693
Fully Diluted: 159,458,693
Last Trade: $0.07
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