Sona Resources Corp. (the "Company" or "Sona") (TSX
VENTURE:SYS)(FRANKFURT:QS7) is pleased to report that it has
concluded the latest surface diamond drill program at its 100
percent owned, formerly producing Blackdome Gold Mine property
("Blackdome"), located in the Clinton Mining District of southern
British Columbia.
The exploration program was designed to drill for new
gold-bearing structures or extensions of known areas of
mineralization, and to outline potential areas for economic
development of gold-bearing ore. It succeeded in drilling 16 holes
totalling 3,176 metres.
"We intersected a promising new mineralized zone, and we feel
optimistic about the assay results," says John P. Thompson, Sona's
President and CEO. "We have undertaken an aggressive exploration
program that has tested a number of target zones. Our discovery of
this new gold-bearing structure is significant, and it represents a
positive development for the Company."
Southern Zone
Holes BD11-04 to BD11-13 were drilled as an east-west-trending
fence to test for a southern extension of the historically mined
No. 1 and No. 2 Veins. They covered a distance of approximately
1,000 metres, to a maximum depth of around 200 metres below
surface. The fence of drill holes was located about 300 metres
south of any previous drilling on these zones, and about 650 metres
south of the southernmost underground workings on the No. 1 and No.
2 Vein systems. Hole BD11-08 returned an assay of 13.6g Au/t over
1.50 metres core length, and it has opened up a whole new area of
potential high-grade gold mineralization for future drill
testing.
An adjacent hole (BD11-05) assayed 3.3g Au/t over 1.50 metres
core length, at an intersection down dip from the intersection in
Hole BD11-08. Another adjacent hole (BD11-06) intersected 0.7g Au/t
over 1.50 metres core length, up dip from Hole BD11-08. Hole
BD11-04 intersected a separate zone, assaying 0.6g Au/t over 1.50
metres core length. The other fence holes returned values no
greater than 0.5g Au/t, and one hole (BD11-07) was lost.
Southwest Vein extension
Holes BD11-01, BD11-02 and BD11-03 tested the northern extension
of the Southwest Vein and the immediate area, approximately 400
metres south of the property's tailings pond, but they only
intersected low values. While testing the northern extension of the
Giant Vein, Holes BD11-14 to BD11-16 also intersected low
values.
Ten distinct auriferous structures have been modelled on the
Blackdome Gold Mine property, with the bulk of gold production
coming from the No. 1 and No. 2 Veins. During the late 1980s, this
mine averaged over 20g Au/t delivered to the mill, with a cut-off
grade of 10g Au/t. Given current gold prices, the cut-off grade for
resource estimation could be significantly lower, and the
mineralized areas not drill tested in the 1980s remain as targets
to be evaluated.
Current NI 43-101-compliant indicated resources have principally
been estimated on the No. 1 and No. 2 Veins, with lesser tonnages
on the Watson Vein, Vein 11, Vein 18, the Redbird Vein and the
Giant Vein, using a cut-off grade of 5g Au/t.
Material samples for analysis and assay were cut in half using a
diamond saw. Half of the core was sent to the lab for analysis, and
the remaining half preserved for future reference. The samples were
analyzed for gold by standard fire assay atomic absorption finish
techniques, as well as multi-element ICP on most samples. A strict
QA/QC program was followed, including the use of certified pulp
standards and blanks at Acme Labs in Vancouver, and verification
analyses at a second laboratory.
The content of this news release has been reviewed by John P.
Thompson, a Qualified Person for the purposes of NI 43-101, with
the ability and authority to verify the authenticity and validity
of the data herein.
About Sona Resources Corp.
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 11.3g Au/t and containing 52,600 ounces of
gold; and the inferred resource is estimated at 90,600 tonnes,
grading 8.8g 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 year and a half, 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.
This news release contains certain forward-looking statements,
and such statements involve risks and uncertainties. The results or
events predicted may differ materially from actual results or
events. Any forward-looking statement speaks only as of the date of
this news release. Except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new
information, future events or results or any other occurrence.
For more information, visit www.sonaresources.com.
To view the Maps associated with this release, visit the
following link:
http://media3.marketwire.com/docs/sys22_Maps.pdf.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Sona Resources Corp. +1 (888) 236-5200 +1 (604)
684-6678 (FAX)info@sonaresources.comwww.sonaresources.com Marston
Webb International Victor Webb/Madlene Olson Media Inquiries +1
(212) 684-6601 +1 (212) 725-4709 (FAX)marwebint@cs.com
Grafico Azioni Sona Resources Corp. (TSXV:SYS)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Sona Resources Corp. (TSXV:SYS)
Storico
Da Giu 2023 a Giu 2024