Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: SYS
Latest Price: C$0.56  (0,00%)
52-week High: C$1.02
52-week Low: C$0.40
Market Cap: C$13.14M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Sona Resources
sonaresources.com

Sona Resources Corp. is a junior resource company based in Vancouver, British Columbia, specializing in gold exploration, development and mining in North America. The Sona board of directors and management have decades of combined experience in the mineral exploration and mining industry, and in managing and financing junior exploration companies.

Since its inception in 1990, Sona has engaged in exploration activities at its 100 percent owned mineral properties in Canada and the United States, as well as small-scale gold production at its flagship property, the Blackdome Gold Mine, in south-central B.C. Since 2002 at its Elizabeth Gold Property, 220 kilometres north of Vancouver, Sona has completed four diamond drill programs that have outlined a 206,000-ounce inferred gold resource.

Pdf

Sona Resources receives underground and surface sampling results from Elizabeth Gold in BC

8th Oct 2010, 9:25 am

Sona Resources (TSX-V:SYS)(FSX:QS7) released the findings from its latest sampling at the company's Elizabeth Gold Property in the Lillooet Mining District of southern British Columbia, sampling 1,401g/t gold over 0.67 metres underground on the west vein.

This past August, underground samples were collected on the west vein from the Upper Adit, as well as surface samples from the "Jewelry Box" area of the west vein.

The southwest-northeast-striking west vein occurs parallel to and 150 metres southeast of the southwest vein, where the latest diamond drill program was focused.

Ten chip samples were taken at right angles to the strike of the vein, on average every 3.1 metres, along the back of the drift and over 33 metres. The best sample assayed 1,401g Au/t over 0.67 metres, with an average of 137g Au/t on an average width of 0.72 metres.

Trenching along the west vein on surface outlined a mineralized narrow quartz vein, known as the Jewelry Box, over a strike length of at least 25 metres. This area is approximately 55 metres above the high-grade intersections in the Upper Adit, the company said.

Systematic sampling is still under way, but two grab samples assayed 144g Au/t and 51.1g Au/t, respectively. One sample was assayed for silver and ran 64.5g Ag/t.

"We are getting impressive assays from the surface and underground sampling of the Jewelry Box area of the West Vein, in the areas displaying much visible gold," said president and CEO John P. Thompson.

The company is now outfitting a 25-man camp to support the planned underground drifting and raising program on the southwest zone, which is focused on increasing the confidence in the resources in the area.

On the Elizabeth property, Sona has outlined an inferred gold resource of 522,900 tonnes, grading 12.3g Au/t and containing 206,100 ounces of gold.

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 Blackdome mine, in south-central British Columbia.

The company is aiming to bring the fully permitted Blackdome mill back into production over the next three years at a rate of 200 tonnes per day, with feed from the former-producing Blackdome Gold Mine and the Elizabeth Gold Property.

Sona also holds a 100% interest in two other properties: The Callaghan Project is located in Nevada, within 80 kilometres of several producing mines, and is underlain by the Roberts Mountain Thrust, a major structural setting for gold deposits. The Montgolfier Project is located in Quebec, 40 kilometres east of the multi-million ounce Casa Berardi Mine gold deposit.

The company was down 4.4% to $0.86 on Thursday as of 12:20pm ET.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.