Since its inception in 1990, Sona has engaged in exploration activities at its mineral
properties in Canada and the United States, as well as small-scale gold production at its
flagship property, the 100 percent owned Blackdome Gold Mine, in south-central British
Columbia, 250 kilometres north of Vancouver. At Blackdome, the indicated mineral
resources are estimated at 144,500 tonnes, grading 11.29g Au/t and containing
52,600 ounces of gold; and the inferred resource is estimated at 90,600 tonnes, grading
8.79g Au/t (news release dated May 4, 2010). At its 100 percent owned Elizabeth Gold
Deposit Property, 30 kilometres south of the Blackdome Gold Mine, Sona has outlined
an inferred gold resource of 522,900 tonnes, grading 12.3g Au/t and containing
206,100 ounces of gold (news release dated June 8, 2009).
Sona aims to bring its permitted Blackdome mill back into production over the next two
years at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome
Gold Mine and the Elizabeth Gold Deposit Property. A positive Preliminary Economic
Assessment by Micon International Ltd. (news release dated May 28, 2010), based on a
gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per
tonne milled, or $686 per gold ounce recovered.
Sona also holds a 100 percent interest in the Montgolfier Project, located in Quebec,
40 kilometres east of the multimillion-ounce Casa Berardi Mine gold deposit.