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.
Sona Resources begins 3,000 metre surface drill program at Elizabeth
Vancouver-based gold producer Sona Resources Corp. (CVE:SYS) reported Wednesday that it has started a 3,000 metre surface diamond drill program this month at its Elizabeth gold deposit.
The initial drill holes, in the Lillooet mining district British Columbia, are targeting the southwest end of the southwest vein mineralized zone. So far, two holes totaling 333.6 metres have been completed.
High grade intersections containing visible gold had been delineated in the area from the last drill program. The most southwesterly cross-section, consisting of three drill holes, returned composite assay values of 109.5 grams per tonne (g/t) of gold over 1.1 metres in hole E10-67; 20.0 g/t gold over 0.7 metres in hole E04-11A; and 77 g/t gold over 2.2 metres in hole E10-69.
"This part of our exploration drill program continues in an area that returned outstanding assay results in 2011," said Sona’s president and chief executive, John P. Thompson.
Sona’s shares were up 50 cents, or 5.88% higher, to $0.900 on Wednesday as of 2:07 p.m. EDT.
The company is engaged in exploration activities at its mineral properties in Canada and the United States, as well as small-scale gold production at its flagship Blackdome Gold Mine, in south-central British Columbia, 250 kilometres north of Vancouver.
It also holds a 100% stake in the Montgolfier Project in Quebec, 40 kilometres east of the multimillion-ounce Casa Berardi Mine gold deposit.
At Blackdome, the indicated mineral resources are estimated at 52,600 ounces of gold, plus additional inferred resources. The Elizabeth property, located 30 kilometres south of Blackdome, has an inferred gold resource of 206,100 ounces of gold.
The company's goal is to bring the permitted Blackdome mill back into production over the next two years at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome Gold Mine and the Elizabeth project. A preliminary economic study last year estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered.
