RSS UpdatesCompany Information for Soho Resources Corp
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 TSX.V; SOH
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Company Statement
Soho Resources is a Canadian-based junior mining and exploration company with a strategic focus on gold and precious metals.
The Company’s current focus is directed towards the exploration and development of the “Tahuehueto Project”, located in the north-western corner of Durango State, Mexico, within the prolific Sierra Madre mountain range. The Tahuehueto Project is typical of a classic Mexican epithermal vein system that hosts multiple large scale structures strongly mineralized in gold, silver, lead, zinc and copper.
Soho also recently acquired a new property in the State of Sinaloa, Mexico. The “Jocuixtita Silver Project” is located approximately 120 km from the Port of Mazatlan.
Soho Resources is managed by a team of experienced geologists and mining professionals committed to adding value to Tahuehueto and increasing shareholder returns through cost-effective programs conducted in a socially and environmentally progressive manner.
A recent valuation completed by London UK based Objective Capital demonstrates that Soho Resources is highly undervalued.
Current Operations
TAHUEHUETO PROJECT – Durango, Mexico
Location:
The Tahuehueto Property is situated in a historic mining district of northwestern Durango State, Mexico, and is accessible by road. The 9,081-hectare project lies within the Sierra Madre Mineral Belt, which hosts most of Mexico’s producing mines and active exploration and development projects.
Ownership:
Soho Resources Corp. controls 100% of the Tahuehueto Project through its 99%-owned Mexican subsidiary.
Metals - Polymetallic:
Gold, zinc, lead, copper and silver in a geological setting similar to epithermal deposits being exploited in nearby mining districts.
Overview:
Since acquiring rights to the Tahuehueto Project, Soho Resources has completed 248 drill holes totalling nearly 47,300 metres of drilling focused on five centrally located zones – El Creston, Cinco de Mayo, Santiago, El Rey and Catorce, with initial testing of the nearby Texcalama Structure.
On May 11, 2009 Soho Resources released the results of an updated NI 43-101 compliant resource estimate which included 7.377 million tonnes in the "measure & indicated" categories and an additional 4.868 million tonnes in the inferred category. This update represents only the upper, close to surface portion of three structures; the El Creston structure over approximately 670 m of strike length; the Cinco de Mayo - Perdido - Santiago - Catorce structure known to be at least 3 km long and drill tested over approximately 2.5 km of strike length.
The 2009 compliant resource clearly demonstrated a large robust mineral deposit is hosted on the Tahuehueto property. Soho intends to move the project through preliminary economic assessments in the near future.
JOCUIXTITA SILVER PROJECT – Sinaloa State, Mexico
Location:
Jocuixtita is located approximately 120 km northeast of Mazatlan, Sinaloa. Access to the property is via highway between Mazatlan and Culiacan except for the last 67 km which is over gravel road.
Ownership:
Soho’s 100% owned subsidiary, Samarkand de Mexico, S.A. de C.V. has entered into two option agreements to explore and acquire 100% of five mining concessions occupying 1,668 hectares. In addition, Samarkand has staked additional concessions covering 2,664 hectares which surround the optioned concessions. All of the concessions cover a cumulative area of 4,332 hectares.
In order to maintain the right to explore and exercise the above options, Samarkand must make cumulative payments totalling US$1,000,000 over six years. Up to a maximum of US$372,666 of the option payments may be made by payment of Soho shares.
Metals:
The Jocuixtita property hosts a number of northwest and cross cutting northeast trending epithermal vein structures mineralized with silver, gold, lead, copper and zinc.
Overview:
The Jocuixtita property has not been explored using modern exploration methods. The main mines within the project have been historically mined on a very small scale by previous owners. The principle structure hosting the El Carmen – La Salvadora – El Eden historic mine workings has been traced over a minimum of 3 km of strike length. During a due diligence site visit, the Company observed exposed mineralized zones within this principle structure ranging from four to ten metres in width.
Geographical Spread
Mexico
Board of Directors and Key Management
| Officers & Directors | |
| Ralph E. Shearing, P.Geo | President, CEO, Director |
| Don Crossley, CA | Chief Financial Officer |
| Yao Sun, B.Comm, CFA, CMA, CPA | Director, VP Asia Pacific Region |
| Independent Directors | |
| Art Freeze, P.Geo | Director |
| William Howald, B.Sc., CPG | Director |
| Paul Chung, MBA, B.Sc. Geology | Director |
| Lianxi Zhang, B.Sc. Chemical Engineering | Director |
Company AddressSuite 250 - 1090 West Georgia Street
|
Additional Address/Key ContactDurango Office |
CapitalCommon shares issued - as at February 9, 2010 152,013,693
|
Year EndFebruary 28 |
Broker/Analyst Reports
09/08/09 - Objective Capital - Update
16/05/08 - Objective Capital - May 16, 2008 Update
Major Shareholders
| Zhang Lianxi - 13.16% |
| Zhang Chen - 9.47% |
| Chung Lun Kevin Kwok - 6.58% |
| Yao Sun - 2.20% |
Related News
04/03/10 - Soho Resources Is Close To Completing A Preliminary Economic Assessment On The Tahueheuto Gold Project In Mexico17/02/09 - Back In The Saddle In Mexico: Soho Resources Has New Friends, And New Funding Too
02/05/08 - Initial Resource Estimate From Soho Resources Should Kick Start Investor Interest in the Company
Most Recent Statement
08/03/10 - Soho Resources Engages Snowden Mining Industry Consultants Inc. to Complete Preliminary Economic Assessment on Tahuehueto Project05/10/09 - Soho Management meets with Durango State Governor
13/08/09 - Soho's Drill Results Shown on Corebox.net
23/07/09 - Soho Resources 2009 AGM Results
16/07/09 - Soho Acquires Jocuixtita Silver Project, Sinaloa State, Mexico
12/05/09 - Soho Reports 7.377 Million Tonnes Measured and Indicated Plus 4.868 Million Tonnes Inferred Updated Resource Estimate for Tahuehueto Project, Durango State, Mexico