www.sohoresources.ca
Soho Resources is a Canadian-based junior resource company focused on exploring and developing the Tahuehueto gold-silver project in northwestern Durango State, Mexico.
The 9,081-hectare property covers at least 12 mineralized zones hosted within a structurally controlled epithermal system that has been traced for more than 6 km. Exploration programs have confirmed significant gold-silver mineralization with associated base metals at many of these zones.
Soho Resources starts pre-feasibility work at Tahuehueto Project
Soho Resources (CVE:SOH) said Thursday it has retained consulting firm Knight Piesold to conduct geotechnical, water, and waste management design studies at its flagship Tahuehueto Project in Durango, Mexico.
The studies are the first in a series of steps to completing a pre-feasibility study for the project.
Knight Piesold's studies will include a geotechnical assessment for a proposed open pit at the El Creston zone, and a possible open pit at the Cinco de Mayo zone. Knight Piesold will also investigative alternative mine access points, plant-site locations, storage facility locations, and water management concepts, to get an optimum mine development concept.
The most recent preliminary economic assessment for the Tahuehueto Project estimates the project has a net present value (using a 5% discount rate) of US$109.6 million. The internal rate of return for the project is estimated to be 31%. The project is also estimated to have a maximum processing rate of 1 million tonnes per annum and a mine life of 11 years.
The Tahuehueto Project is estimated to have a total measured and indicated resources of roughly 7.4 million tonnes grading 2.10 g/t gold, 34.97 g/t silver, 0.28% copper, 1.06% lead, and 2.01% zinc. Inferred resources are estimated at roughly 4.9 million tonnes grading 1.06 g/t gold, 31.77 g/t silver, 0.23% copper, 1.23% lead, and 2.26% zinc.
