Soho Resources Corp.: Exploration Update
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VANCOUVER, BRITISH COLUMBIA, Mar 31 (MARKET WIRE) --
Soho Resources Corp. (TSX VENTURE: SOH) ("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
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
Copyright 2008, Market Wire, All rights reserved.
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