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Soho Resources (SOH.V) - latest assays confirm significant but complex mineralisation

Comment by Objective Capital , Mar 04, 2008
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Soho continues its drill programme on the Tahuehueto property in Durango, Mexico. The company received assays for four new holes into the El Creston zone late last week that contained modest precious and base metal grades.

The most significant result came from an 11.85-metre near-surface interval in hole DDH07-127, which produced 19.33 grams of silver and 0.88 gram of gold per tonne, with zinc, lead and copper grades of 2.47 percent, 0.91 percent and 0.17 percent respectively. The hole also produced 31.5 grams of silver and 0.79 gram of gold per tonne over a true width of 0.79 metre, commencing at 29.5 metres. The zone also graded 9.42 percent zinc, 5.13 percent lead and 0.15 percent copper.

Drill hole DDH07-135 also encountered a near-surface mineralized zone with a true width of 2.87 metres. Assays indicated 72.0 grams of silver and 2.67 grams of gold per tonne, with 1.64 percent zinc, 2.73 percent lead and 0.79 percent copper. A second interval in hole DDH07-135 graded 67.63 grams of silver and 1.51 grams of gold, with 1.26 percent zinc, 1.26 percent lead and 0.63 percent copper over a true width of 3.28 metres.

The two other holes produced modest assays at greater depths, over true widths of 1.6 to 2.8 metres. Soho also received modest assays from two holes drilled into the Catorce target at Tahuehueto.

Late last year, Soho produced assays from several holes into El Creston. One test produced significant assays over a true width of 11.44 metres, commencing at a down-hole depth of 98.25 metres. Assays indicated 26.69 grams of silver and 7.23 grams of gold per tonne, with 1.27 percent zinc, 0.83 percent lead and 0.34 percent copper.

Objective's view:

We expect Soho will have its initial NI 43-101-compliant mineral resource calculation for Tahuehueto shortly, which will be based on earlier drill results. Although unspectacular, we view the latest assays as further confirmation that significant but complex mineralized zones exist at Tahuehueto.

The company now has three drills operating on the property and has completed 13 holes this year. Two drills are currently working the El Creston zone, which remains a priority. A third drill is now testing the Santiago zone. Earlier in the programme, Soho completed holes into the Texcalama and Cinco de Mayo deposits.

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