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Company Information for Soho Resources Corp

Company stock charts - 12 Month chart

Exchange TSX.V; SOH


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Exchange OTC Pink Sheets; SHRJF


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Company Statement

Soho Resources Corp. is a junior exploration and development company strategically focused on gold, silver and base metals in the prolific Sierra Madre Belt of Mexico.

The Company is conducting an exploration and drilling program to expand and upgrade inferred resources at its flagship Tahuehueto Project in Durango State.

Based on drill data from only the upper portions of three structures that are yet to be fully tested, the initial NI 43-101 compliant resource contains an estimated 276,000 ounces of gold, 201.138 million pounds of zinc, 33.483 million pounds of copper, 110.457 million pounds of lead and 6.429 million ounces of silver.

Data from subsequent and ongoing drilling directed at these and other structures will be integrated into an updated resource estimate, expected by year-end 2008.

The Tahuehueto Project is a classic epithermal system hosting multiple structures traced for up to six kilometers of strike length. The project area has geological similarities to nearby mines, notably La Cienega, a polymetallic deposit operated by Penoles, Mexico’s largest mining company.


Current Operations

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 a 99.4%-owned Mexican subsidiary.

METALS:
Gold and silver, with associated copper, lead and zinc, in a geological setting similar to epithermal deposits being exploited in nearby mining districts.

OVERVIEW:
Since acquiring rights to the Tahuehueto Project in 1997, Soho Resources has identified at least 12 polymetallic zones hosted within a structurally controlled epithermal system that has been traced for more than six kilometers.
Recent exploration efforts have focused on five centrally located zones — El Creston, Cinco de Mayo, Santiago, El Rey and Catorce — and on initial testing of nearby potential targets, such as the Texcalama Structure.
In April of 2008, Soho Resources Corp. received its first Canadian National Instrument (NI) 43-101 compliant mineral resource estimate for Tahuehueto, which represents only the upper near-surface portion of three structures:

  • El Creston was tested over approximately 670 meters of strike length;
  • The Cinco de Mayo-Santiago Structure, known to be at least 3 kilometers long, was drill-tested over about 2.5 kilometers of strike length;
  • The El Rey Structure was tested over approximately 250 meters of strike length.

NEXT STEPS:
The initial resource estimate for Tahuehueto was based on 165 drill holes (129 core and 36 reverse circulation holes) all drilled before year end 2007 and does not include results from the ongoing 2008 drilling program. Soho Resources Corp. is currently focused on expanding resources down dip and along strike of the El Creston, Cinco de Mayo- El Perdido-Santiago and Catorce, Structures (from which the initial resource was calculated) and testing other high-potential zones and structures, including Texcalama and El Rey. Data from the 2008 drilling program will be submitted to MDA for an updated resource estimate, expected by year-end 2008. Metallurgical test-work to confirm historic tests and environmental programs are also planned to help advance the project to the pre-feasibility and feasibility stages in the years ahead.


Geographical Spread

Associated Structures of the Tahuehueto Project


Board of Directors and Key Management

Officers:
Ralph E. ShearingPresident & CEO
Hall Stewart V.P. Exploration
Donald Crossley Chief Financial Officer

Board Members:
Ralph Shearing Director
Art Freeze Director
Paul Chung Director
Marek J. Kreczmer Director
William Carl (Bill) Howald Director

Company Address

Suite 250 - 1090 West Georgia Street
Vancouver, B.C., Alberta, Canada V6E 3V7

Telephone:+1 604.684.8071
Facsimile:604.+1 684.3829
Email:gsandwell[at]sohoresources.ca
Website:http://www.sohoresources.ca

Additional Address/Key Contact

Mr. Glen Sandwell, Investor Relations
Email: gsandwell@sohoresources.ca

Capital

FULLY DILUTED - 120,996,913

Annual General Meeting

July 30, 2008

Year End

February 28

Broker/Analyst Reports

16/05/08 - Objective Capital - May 16, 2008 Update
05/12/07 - Objective Capital Research
17/11/06 - The Northern Miner - Site Visit Article - March 06, 2006

Major Shareholders

Macquarie North America Ltd - 9.9%

Related News

02/05/08 - Initial Resource Estimate From Soho Resources Should Kick Start Investor Interest in the Company
05/03/07 - Hall Stewart Looks To Ignite Soho Resources’ Tahuehueto Project

Most Recent Statement

03/09/08 - Soho Resources Reports New Drill Results From Several Zones at Tahuehueto
12/08/08 - Soho Reports Additional Drill Results From Several Zones
19/06/08 - Soho Resources Receives Initial NI 43-101 Inferred Mineral Resources Estimate Report for the Tahuehueto Project
08/05/08 - Soho Resources Corp. Reports More Positive Drill Results From Several Zones at Tahuehueto
30/04/08 - Soho Reports Initial Resource Estimate for Tahuehueto
18/04/08 - Soho Grants Incentive Stock Options

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