|
One of the most important
considerations for investment in the junior mining field is
whether a company has its projects located in mining-friendly
jurisdictions. Several countries indeed stand out as relatively
safer than others, and one of the most highly regarded nations
for mining activity has been the nation of Mexico. Their
immense potential geologic resources have been combined with
governments that have traditionally been supportive of the
mining industry.
One company actively developing
their Mexican project is Vancouver-based Soho Resources Corp.
Their “Tahuehueto Project”, located in northwestern Durango
State, covers over 9,000 hectares and recent exploration
indicates the project contains twelve mineralized zones within a
structurally controlled epithermal system that has been traced
over more than six kilometers.
Soho’s history at Tahuehueto
began when it acquired rights to the project in 1997 during a
period when the Mexican government was actively attracting
foreign investments in mining. The project is found inside the
prolific Sierra Madre District which has hosted many of Mexico’s
past-producing properties and which is currently experiencing a
mining and exploration renaissance.
Recent improvement in metals
quotes allowed the company to re-activate their exploration
programs in 2004. A portion of their total work involved with
underground drilling programs at four of the zones has returned
assays showing bonanza-type grades. For example, assays from
one 10.80 meter intersection at Hole RC-18 reported 15.43 gpt
(grams per tonne) gold, 61.57 gpt silver, 0.39% copper, 1.85%
lead and 3.84% zinc.
By April 30, 2008, the company
was able to release an NI 43-101 compliant mineral resource
estimate at Tahuehueto prepared by Mine Developments Associates
of Reno, Nevada. The resource calculations showed Inferred
resources totaling 276,000 ounces of gold, 6.429 million ounces
of silver, 33.483 million pounds of copper plus significant lead
and zinc values as well.
Soho is continuing their
development of the project and, as of mid-March, 2008, had four
drilling rigs in operation and expects to be reporting a steady
stream of assay results in coming months. The company’s goals
for 2008 include adding to the resource estimate as well as
developing new prospective areas at the project.
(A full, in-depth study will be
completed pending a property visit currently scheduled for
approximately June 9-12, 2008.)
Leonard Melman
May 25, 2008
|
