NEWS!September 11, 2006
Soho Resources Summarizes Progress To Date At Tahuehueto
New Concessions Staked to Expand Project as Exploration Continues
VANCOUVER, BRITISH COLUMBIA, September 11, 2006 – Soho Resources (TSX VENTURE:SOH) is pleased to announce that it has staked additional concessions covering approximately 6,832 hectares to encompass all prospective ground in the district and bring the total Tahuehueto project area in Durango State, Mexico, to about 8,894 hectares. Formal registration of the newly staked concessions is expected shortly from the Ministry of Mines.
Exploration programs to date at the 90%-held Tahuehueto poly-metallic project have confirmed the presence of at least 12 mineralized zones within a structurally controlled epithermal system traced for 6 km. The work to date on five of these zones has confirmed significant results for gold, silver, and associated base metals.
The Company resumed exploration in February intending to define resources at the El Creston Zone, the most exposed and currently the largest and most advanced zone, while also testing other zones. Exploration success on all fronts confirmed the project’s potential for multiple deposits and large-scale discoveries, which allowed the Company to close a $5.52-million, institution-led private-placement financing in May of this year. This important financing enabled the Company to accelerate its exploration activities with the support of Major Drilling Group International Inc., and also establish new growth-oriented objectives.
The aggressive $3.6-million drilling program currently under way is focused on defining resources at five of the twelve zones, and includes at least 18,000 metres of drilling using two diamond drills. The program is expected to outline indicated and inferred resources at the El Creston Zone through 5,000 metres of drilling, and also at the nearby El Rey Zone through 3,500 metres of drilling.
This program will also define inferred resources at three other zones, with 2,000 metres of diamond drilling planned for the Cinco de Mayo Zone, 4,000 metres for the El Creston South Extension Zone, and 3,000 metres at the Santiago Zone. Regional geological and structural mapping, airborne geophysical surveys, and upgrades of camp facilities and related infrastructure, such as roads and an airport, are also planned as part of the work program under way at Tahuehueto.
Previously released drilling and channel-sampling results at El Creston, El Rey, and Santiago are available by clicking the structures in the image below or at https://www.sohoresources.ca/assays.asp.
THE EL REY ZONE
The El Rey structure lies 465 metres east of El Creston and was previously developed on four levels. Level 1 sampling, previously reported, returned 132.7 metres of continuously mineralized strike with an average exposed width, (width of tunnel) of 1.23 metres grading 245.6 g/t silver, 7.49% zinc, 4.13% lead and 1.9g/t gold.
Level 2 sampling extended the El Rey ore-shoot 40 metres down-dip from Level 1 and confirmed continuous mineralization over 173 metres of strike and an average exposed width of 1.72 metres. Grades averaged 208 grams silver, 5.27% zinc, 3.07% lead and 0.86 gram gold.
Level 3 sampling extended the main El Rey shoot 42 metres further down-dip from Level 2 (92 metres below Level 1), but sampling of the entire level was not possible because of a caved blockage. The ore-shoot here is at least 64.5 metres long averaging 1.17 metres in width, with average grades of 76 grams silver, 1.93% lead, 3.94% zinc and 0.64 gram gold.
Two diamond holes, DDH06-46 and DDH06-47, tested El Rey about 100 metres below Level 3 and 50 metres below Level 4, (Level 4 is currently inaccessible due to a caved blockage in the tunnel). Both holes have intersected the El Rey Zone extending mineralization down dip. Results are shown in the table below.
In conclusion, the drilling and sampling done to date confirms that the El Rey structure is continuous and well mineralized over excellent lengths and dip extensions and is open in all directions. The next four drill holes, to be completed during the current program, will test for mineralization at depth below Level 4 and along both strike directions to better define this promising target zone.
THE EL CRESTON ZONE
El Creston is the largest and most advanced of 12 mineralized zones hosted within a large structurally controlled epithermal system at Tahuehueto. Recent exploration has tested this strongly mineralized zone over approximately 450 metres along strike and up to 250 metres in depth. The El Creston structure is exposed over 750 metres in strike length and 600 metres of elevation, with geological evidence suggesting that the zone could be as long as 2.5-4 km.
Results to date are significant and demonstrate that the El Creston Zone is composed of a long linear structure mineralized with “ore shoots” that pinch and swell along its known strike and dip extensions. Significant results have been encountered in several ore-shoots, namely the Level 9, 10 and 12 ore-shoots, and the El 1225 ore-shoot. More drilling is required between and down-dip of these ore-shoots to determine if they are connected along strike and/or at depth.
The mineralization encountered at El Creston and other zones at Tahuehueto confirms that the geological model is similar to other established epithermal mineral producing districts in the Sierra Madre belt of Mexico, such as the nearby San Dimas and Cienega mining camps where 30-40% of the length of their mineralized structures return ore grade mineralization within “ore shoots”. The remaining 60-70% of structures at San Dimas and Cienega are mineralized with sub-economic grades.
Unreported Holes From Recent Drilling
DDH 38 and 39 were drilled on section 375 South, targeting mineralization below DDH 05-29 and 30. In DDH-38 the zone was encountered at 107.5 meters to 121.5 meters with significant grades being returned at 107.5-108.5 (1m width) grading 2.4 g/t gold, 106 g/t silver, 0.41% copper, 0.61% lead and 0.98% zinc, and at 121.5 – 123m (1.5m width) grading 2.75 g/t gold, 28.2 g/t silver, 0.34% copper, o.87% lead and 2.7% zinc. IN DDH 39 the zone was encountered at 131 meters to 165.5 metres with significant grades being returned at 163.5 – 165.5m (2m width) grading 1.58 g/t gold, 107.39 g/t silver, 1.63% copper, 0.32% lead and 0.68% zinc.
DDH 40 and 41 were drilled near section 1100 South in the El Creston South Extension area in an attempt to intersect mineralization above DDH-33, but both holes were abandoned due to poor ground conditions prior to reaching target depth. Additional holes using a larger drill rig are planned for this area in the current program.
DDH06-42A on El Creston section 100S was targeting the zone below the Level 12 ore shoot, but was abandoned due to drilling difficulties and failed to reach the target depth.
DDH06-43 on section 25 North tested the Level 9 ore shoot below Level 12 and returned a number of mineralized structures with quartz-carbonate veining between 123.99 m to 153.13 m. The interval 124.8 m to 126.0 m grades 1.12 g/t Au, 43.4 g/t Ag, 0.19% Cu, 0.11% Pb and 1.72% Zn, at 131.09 m to 132.77 m grades 2.00 g/t Au, 30.56 g/t Ag, 0.30% Cu, 2.60% Pb and 8.57% Zn, at 137.1 m to 138.2 m grades 0.76 g/t Au, 27.26 g/t Ag, 0.18% Cu, 0.20% Pb and 8.67% Zn and 145.57 m to 153.13 m grading 0.54 g/t Au, 22.73 g/t Ag, 0.07% Cu, 1.40% Pb and 2.98% Zn. The structures have between 5% to 65% quartz carbonate veining mineralized with 2% to 9% sulphides consisting of sphalerite-galena-pyrite-chalcopyrite and locally some visible silver.
DDH06-44 on section 25 North was inclined at -70º to intercept the mineralized zones at a greater depth than DDH06-43. The structure was encountered from 163.68 m to 212.60 m with 2% to 10% quartz-carbonate veining and 2% to 4% sulphides with sphalerite-galena-pyrite returning marginal assay results. At 201.04 m to 206.65 m the structure has 20% quartz-carbonate veining with 9% sulphides (sphalerite-chalcopyrite-galena-pyrite) grading 20.6 g/t Ag, 0.25% Cu, 0.44% Pb, and 2.21% Zn.
DDH 06-45 attempted to test the El 1225 ore-shoot below DDH 37 and 37A, but failed to reach the target depth due to poor ground conditions. The current drill program has successfully completed DDH06-50 at this location and samples are in the lab for analysis.
OTHER TARGETS
Mapping, channel sampling and drilling will also follow-up previously reported results for the Santiago zone, a promising gold-silver system in the northwestern portion of the property. Previous work has returned values of up to 11 grams gold and 480 grams silver.
Drilling will also test the El Creston South Extension Zone and the Cinco de Mayo Zone as part of the resource definition program.
It is anticipated that the results of the drilling program under way with Major Drilling De Mexico, S.A. De C.V. will enable the Company to prepare a resource estimate for the El Creston Zone, the El Rey Zone, the El Creston South Extension Zone, the Cinco de Mayo Zone and the Santiago Zone.
The Company will continue to develop and explore the remaining seven zones on the core property, and will also commence exploration of target areas on the newly staked additional 6,832 hectares.
In summary, the newly expanded district-scale Tahuehueto project is well under way with diamond drilling on five advanced zones with near-term resource potential, ongoing exploration of at least seven other zones, and the addition of 6,832 hectares with numerous early-stage prospects that will be evaluated and explored in the years ahead.
Complete analytical results for all samples, plus sample location plans are available for viewing on the Company’s web site along with sampling and shipping procedures. Sample analysis was conducted by SGS Minerals Group, Toronto, Ontario.
The exploration program is being conducted under the direction of Eddy Canova, PGeo, a qualified geologist as defined under National Instrument 43-101. Mr. Ralph Shearing, President, P.Geol, also a qualified geologist, authored this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available
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