updated 5/25/2011 10:17:04 AM ET 2011-05-25T14:17:04

VANCOUVER, British Columbia, May 25, 2011 (GLOBE NEWSWIRE) -- Soho Resources Corp – (TSX-V:SOH) (OTCQX:SOHFF) ("Soho" or the "Company") is pleased to announce assay results for initial surface and underground sampling from the La Salvadora Zone within its Jocuixtita Silver Project, located in Sinaloa, Mexico.

Highlights of the sampling results are as follows,

Total Width

of Sample Line
Weighted Averages of all samples along sample line
  Silver g/t Gold g/t Lead % Zinc %
6.3 Meters 246.47 0.63 1.02 5.44
4.6 Meters 238.4 0.64 0.67 3.51
4.35 Meters 189.24 0.54 1.01 6.76
3.1 Meters 80.58 0.63 0.9 3.53
1.75 Meters 134 1.22 0.69 5.05

Results presented herein represent a series of either, channel samples cut with a diamond saw, or continuous hammer chip samples, collected across the mineralized Salvadora Zone. Individual samples are not more than 1.75 m in width and where necessary, up to five individual samples were collected along a single sample line. In all cases sample lines do not represent the full width of the mineralization, as all individual samples at both ends of all sample lines ended in mineralization. In addition, on surface, overburden cover restricted sampling the true thicknesses of the zone.

Maps displaying the location of the La Salvadora Zone within the Jocuixtita Property, plus individual sample locations, detailed assay results and photographs of the sample sites, where available, can be viewed at the following link on the company's website. http://www.sohoresources.ca/index.php?nav=24

"I am excited to deliver these assay results to our shareholders as they confirm that the La Salvadora Zone is strongly mineralized with high grade silver and significant gold, lead and zinc, mineralization over good widths. With the diamond drill now on site and commencing core drilling operations, we will soon understand the depth and strike extension of this strongly mineralized zone," states Mr. Ralph Shearing, president and CEO.

Detailed assay results are as follows, 

ADIT (CAVE) 4 - LA SALVADORA ZONE                   
DESCRIPTION OF SURFACE AND UNDERGROUND SAMPLING AT THE JOCUIXTITA PROJECT - MAY 2011
Sample Number Location Datum WGS 84 Width 

Meters
Type Description Silver 

g/t
Gold 

g/t
Lead

%
Zinc

%
Total Width of Sample Line Weighted Averages of Sample Line 

See Map @

www.sohoresources.ca/Jocuixtita_Geo_Map.html
    X Y                 Silver g/t Gold g/t Lead % Zinc %
102801 Pit Cave 4 372,660.564 2,684,264.014 1.15 Continuous chip Qtz bx, 15-20% black sulfides (Sphal) and 5% Py 34 0.197 0.529 4.24



2.35 meters




36.04




0.18




0.44




4.05
102802 Pit Cave 4 372,659.562 2,684,263.454 1.20 Continuous chip To footwall and similar to the above 38 0.155 0.354 3.86  
                       
102803 Pit Cave 4 372,662.912 2,684,262.055 1.75 Channel Qtz bx, 10-15% black sulfides (Sphal>>gal)  134 1.22 0.688 5.05 1.75 meters 134.00 1.22 0.69 5.05
                       
102804 Pit Cave 4 Underground 1.55 Channel 50 cms at hw abundant black sulfides.

Sil-chlo-py another part
122 0.474 1.64 4.53          
102805 Pit Cave 4 Underground 1.15 Continuous chip Silica with gray stains of chlo-py.

30 cms at fw with clays
12 0.042 0.064 0.239          
102806 Pit Cave 4 Underground 1.20 Continuous chip Argilized block within faults. Little quartz and black sulfides 45 0.306 0.277 1.275 6.3 Meters 246.47  0.63  1.02  5.44 
102807 Pit Cave 4 Underground 1.65 Continuous chip White qtz bx covered by whitish stains (zinc oxides). 30-40% 

sphal>gal>arg
729 1.525 1.51 13.25          
102808 Pit Cave 4 Underground 0.75 Continuous ship Similar to the above but less sulfide content 124 0.363 1.295 4.79  
                       
102809 Adit Cave 4 Underground 1.40 Channel Qtz bx with whitish oxides. 15-20% black sphal>gal>arg 220 0.877 0.71 5.12          
102810 Adit Cave 4 Underground 1.20 Channel Similar to the above 49 0.401 0.456 1.59

4.6 Meters


238.40


0.64


0.67


3.51
102811 Adit Cave 4 Underground 1.05 Channel Similar to the above 50 0.293 0.428 1.795
102821 Adit Cave 4 Underground 0.95 Channel Qtz Bx cut by qtz and Zn-Pb sulfides (5-10%) 713 0.981 1.15 5.47  
                       
102812 Adit Cave 4 Underground 1.35 Channel Qtz bx. 10-15% black sulfides, notorious fine galena 428 0.649 1.605 9.61
102813 Adit Cave 4 Underground 1.40 Channel Qtz bx cut by sparse qtz-sphal-gal

(5-10%)
45 0.26 0.856 3.65 4.35 Meters   189.24 0.54  1.01  6.76 
102814 Adit Cave 4 Underground 1.60 Channel Similar to the above but less sulfide content (sphal-fine gal) and py 114 0.685 0.655 7.08  
                       
102815 Adit Cave 4 Underground 0.80 Channel Qtz bx close to a low angle slickenside.

Little sulfides and Py
55 0.228 1.1 2.99          
102816 Adit Cave 4 Underground 1.30 Channel Qtz bx cut by sparse qtz-sphal-gal

(5-10%) more py
86 0.451 0.922 2.6 3.1 Meters   80.58  0.63 0.90  3.53 
102817 Adit Cave 4 Underground 1.00 Channel Similar to the above 94 1.175 0.71 5.18  
                       
102818 Adit Cave 4 Underground 1.50 Channel Qtz bx. Aprox. 10% black sulfides (sphal-fine gal) and py 34 0.764 0.522 4.18







2.45
Meters










51.06










0.64










0.38










2.80
102819 Adit Cave 4 Underground 0.95 Channel Qtz bx with minor black sulfides content (5%) 78 0.457 0.164 0.614  
                       
102820 Adit Cave 4 Underground 1.40 Channel At the stope of the adit. Qtz Bx with 10-15% black sulfides 62 0.387 0.382 4.01 1.40 Meters 62 0.387 0.382 4.01

Samples were shipped from site to ALS-Chemex's sample preparation facility in Guadalajara, Mexico with pulps being shipped by ALS-Chemex to their analytical laboratory in Vancouver, BC, Canada where final analysis is conducted. Gold and silver are analyzed by Fire Assay. Lead and zinc are analyzed by multi acid digestion and atomic absorption. 

Analytical accuracy and precision are monitored by the analysis of reagent blanks and reference materials at the labs. Quality control is further assured by the insertion by Soho personnel of blind certified standard reference material and blanks into the sample stream at regular intervals.

About the Jocuixtita Project

The 4,332 hectare Jocuixtita Property hosts a number of northwest and northeast trending epithermal vein structures, mineralized with silver, gold, lead and zinc. The principle structure hosting the El Carmen – La Salvadora – El Eden historic mine workings appear to extend over a minimum of 3 km of strike length. The La Salvadora and El Carmen Zones are separated by approximately 700 m of strike length and both zones contain historic underground workings on several different levels. 

Assuming success in the initial drill program the company will organize a subsequent drill campaign with the principal intent of tracing the mineralized structures between these two zones and thereafter, along strike.

The Company considers the Jocuixtita Property to be a premier unexplored silver project within the Sierra Madre Occidental. Road accessible, near the town of San Ignacio, Sinaloa, Mexico, the project is close to all necessary infrastructures for successful development. Based upon historic records and work completed to date by the Company, management believes Jocuixtita has excellent potential to develop into a significant silver project and will hopefully, be a large contributor to the Company's current strong resource base, contained within its flagship Tahuehueto Project.  

About Soho Resources Corp

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

The Company has two active projects, the Jocuixtita Silver Project which is the subject of this news release and its flagship Tahuehueto Project in Durango State where on October 4, 2010 the Company announced the results of a Preliminary Economic Assessment ("PEA") completed by Snowden Mining Industry Consultants Inc. You can view the complete report at the following address, http://www.sohoresources.ca/pdf/PEA_Snowden_Oct29_2010.pdf

Key findings from the report included:

Summary of PEA Estimates
Net cash flow $US 184.2 million
Net present value (NPV) 5% discount $US 109.6 million
Internal rate of return % 31%
Payback period (months) 27
Mine life (years) 11
Maximum processing rate (tonnes/annum) 1,000,000
Capital and start-up costs $US 89.1 million
Note: Calculations based on a 3 year rolling average of metal prices at the end of August 2010
Currency - US$ Gold: 965.81, Silver: 15.38, Copper: 2.92, Lead: 0.95, Zinc: 0.88

The Tahuehueto Project is a classic epithermal system hosting multiple structures traced for up to six kilometres of strike length. Considerable upside exploration potential remains within the explored structures containing the defined resources, both down dip and along strike, as well as within numerous other unexplored mineralized structures.

Qualified Persons

This press release was prepared under the supervision and review of Ralph Shearing, President and CEO of Soho Resources Corp., a Professional Geologist, and Qualified Person as defined by NI 43-101.

Definitions used in this release are consistent with those adopted by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Council in December 2005, as amended, and prescribed by the Canadian Securities Administrator's National Instrument 43-101 and Form 43-101F1, Standards of Disclosure for Mineral Projects. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

ON BEHALF OF THE BOARD OF DIRECTORS                                                            

(signed) "Ralph Shearing"

Ralph Shearing, Chief Executive Officer

"Neither the TSX Venture Exchange nor its Regulation 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." 

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.

CONTACT: Soho Resources Corp.
         Glen Sandwell, IR Manager
         Tel: (604) 684-8071
         ir@sohoresources.ca
         www.sohoresources.ca

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.94%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com