Soho Resources (SOH.V) - promising gold property in the prolific Sierra Madre Mountains

Full Report by Objective Capital , Dec 04, 2007 download full report
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Key Points:

• Soho’s Tahuehueto deposit lies in a favourable region…
  Soho’s 99.4-percent indirectly-owned Tahuehueto property is centrally located along the Sierra Madre Occidental Mineral Belt, north of the Topia deposit and northwest of both the Tayoltita and La Cienega deposits and southeast of El Sauzal gold mine. The belt contains many current and historical gold, silver, lead-zinc and copper mines.

• … and contains known mineralised zones…
  The Tahuehueto property hosts at least a dozen known mineralised zones within a district scale, classic, structurally controlled epithermal vein system that has been traced for over six kilometres. Previous exploration programmes confirmed significant quantities of gold and silver mineralisation, accompanied by base metals at most sites. Two of the best-known structures host several mineralised zones, such as El Creston, Cinco de Mayo, Catorce and Santiago and these zones are central to the property.

• …capable of yielding exploitable mineral resources…
  Earlier exploration produced a significant tonnage estimate of material with good grades of gold, silver and base metals. Previous resource estimates were non-compliant with current NI 43-101 standards. Soho expects that its current round of drilling will allow it to prepare a formal, NI 43-101 compliant, mineral resource calculation early in 2008.

• …in a mining-friendly region
  Soho is focussing on northwestern Mexico, a region offering social and political stability in a country offering a favourable investment climate to foreign explorers.

• Soho is actively drilling its key zones…
  Soho has two drills working the El Creston, Catorce and Cinco de Mayo zones and the company expects to spend at least C$7m during 2008, leading to the start of a prefeasibility study.

• …led by experienced management
  Soho’s president and founder, Ralph Shearing, has more than twenty years of experience managing public mineral exploration companies at the senior executive level. He has considerable experience managing mineral exploration programmes and the company’s vice-president of exploration, Hall Stewart, had roles in the discovery of seven million ounces of gold-equivalent resources in Mexico over the past ten years.