Soho Resources Corp.: Exploration Update
March 31 2008 - 11:44AM
Marketwired
VANCOUVER, BRITISH COLUMBIA ("Soho" or the "Company") is pleased
to provide an update for its ongoing exploration program at its
Tahuehueto Project, located in northwestern Durango State,
Mexico.
Drilling
Falcon Drilling ("Falcon") has delivered a second diamond drill
rig to the Tahuehueto property which commenced operation on March
18, 2008. With the addition of this drill rig there are now a total
of four active drill rigs on site.
Since the beginning of January 2008 a total of 22 holes have
been drilled, five on the Cinco De Mayo Zone, four on the Catorce
Zone with one in progress, seven short initial test holes on the
Texcalama Zone, four on El Creston Zone with two more in progress
and two on the Santiago Zone with one in progress.
Drill core samples from 17 holes (one from 2007) have been
delivered to the lab and are in various stages of the analysis
process. Samples from 6 additional recent holes are in the process
of being collected and prepared for shipment from site to the lab's
sample processing facility. Four additional drill holes are
currently in progress and will be submitted to the lab upon
completion of drilling, logging and sampling.
"This year's exploration drilling program is proceeding very
well and Hall Stewart, our V.P. Exploration has done an excellent
job of managing the program and its data output under trying
conditions," states Mr. Ralph Shearing, President of Soho. "Falcon
Drilling has proven to be an extremely capable drill contractor,
and now with the increased drilling rate we expect to provide a
more regular flow of drill results to our shareholders throughout
the year. I am also very happy to say that we are very close to
releasing our initial resources calculation and expect to
substantially add to that initial resource with continued drilling
throughout 2008."
NI 43-101 Initial Resource Calculation
In late 2007, Soho submitted the necessary data required for
its' first NI 43-101 resource calculation to Mine Development
Associates ("MDA") of Reno Nevada. MDA is nearing completion of
this resource calculation however, they have communicated to Soho
that they have had to revise their target for completion from the
end of March 2008 to mid to late April 2008. MDA has assured Soho
that they are working extremely hard to complete the calculation
and report as quickly as possible. Considering that the resource is
being calculated from 5 zones covering approximately 2.5 km of
strike length and individually modeling five different elements,
(Au, Ag, Cu, Pb and Zn), it is not surprising that there is a small
delay to MDA's initial estimated completion date of the resource
calculation.
On behalf of Soho Resources Corp.,
Glen Sandwell, Manager, Investor Relations
If you would like to receive information on Soho Resource Corp.
and its exploration project please contact the Investor Relations
Department by email or phone or visit our website at
www.sohoresources.ca for the most up to date information and
results.
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 - 100,137,913
Last Close 2008/03/28 C$0.19
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release.
Contacts: Soho Resources Corp. Glen Sandwell (604) 684-8071 or
Toll Free: 1-800-685-0576 Soho Resources Corp. Stephen Casey (604)
684-8071 or Toll Free: 1-800-685-0576 Email:
investor_relations@sohoresources.ca Website:
www.sohoresources.ca
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