Soho Resources Corp. (TSX VENTURE:SOH) ("Soho" or the "Company") is pleased to
announce that Knight Piesold Ltd. has been retained to conduct geotechnical and
water/waste management design studies for Soho's Tahuehueto Project in Durango,
Mexico. This work is the first step in working towards completing a
pre-feasibility study for the Tahuehueto Project as the Company advances the
project towards a production decision.


Knight Piesold will begin immediately with an initial phase of work that
concentrates on high priority items identified in the Preliminary Economic
Assessment released on October 4, 2010, (the "PEA"). Knight Piesold's studies
will include, a geotechnical assessment of the proposed El Creston open pit,
geotechnical input and assessment to the possible open pit at Cinco de Mayo (not
included in the PEA), plus the investigation of one or more, Mine Development
Concepts ("MDC") where each MDC would be a combination of alternative mine
access points, plant-site locations, waste rock and tailings storage facility
locations and water management concepts, to ultimately arrive at an overall
optimum MDC.


About Knight Piesold 

Knight Piesold is a specialized international consulting company offering
engineering and environmental services in Mining, Environment, Hydropower, Water
Resources, Roads & Construction services around the world. They are committed to
sustainable mining that recognizes social, environmental and economic
responsibilities. Their specialized expertise related to tailings and mine waste
management, waste characterization, heap leach pads, rock mechanics, water
management, permitting and environmental services is directly relevant to
upholding these principles.


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 been conducting an exploration and drilling program to expand
and upgrade its resources at its flagship Tahuehueto Project in Durango State
and on October 4, 2010 announced the results of a Preliminary Economic
Assessment ("PEA") completed by Snowden Mining Industry Consultants Inc. 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
--------------------------------------------------------------



The Tahuehueto Project is a classic epithermal system hosting multiple
structures traced for up to six kilometers of strike length. Considerable upside
exploration potential remains on the existing explored resource structures both
down dip and along strike, as well as on 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 Licensed 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 

Ralph Shearing, Chief Executive Officer

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 - 185,533,676

Last Close $0.13 - February 23, 2011

Soho Resources Corp. (TSXV:SOH)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024 Soho Resources Corp. 차트를 더 보려면 여기를 클릭.
Soho Resources Corp. (TSXV:SOH)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024 Soho Resources Corp. 차트를 더 보려면 여기를 클릭.