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 closes $600,000 financing
Sona Resources (CVE:SYS), a junior mineral explorer, said Wednesday that it has closed a previously announced non-brokered financing with the MineralFields Group, raising $600,000.
The company sold 857,142 flow-through units for a cost of 70 cents each.
Each unit consists of one flow-through share and one-half of one transferable warrant, with each whole warrant giving the holders a right to buy one common share of Sona until November 9, 2013, for 85 cents in the first 12-months, and $1 afterwards.
Net proceeds from the financing are to be used for exploration at the Elizabeth gold property and Blackdome gold mine.
Sona is in 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, indicated mineral resources are estimated at 144,500 tonnes, grading 11.29 grams per tonne of gold and containing 52,600 ounces of gold; and the inferred resource is estimated at 90,600 tonnes, grading 8.79g g/t gold
At its 100 percent owned Elizabeth gold deposit, 30 kilometres south of the Blackdome Gold Mine, Sona has outlined an inferred gold resource of 522,900 tonnes, grading 12.3 g/t gold and containing 206,100 ounces of gold.
Sona plans to bring its 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 and the Elizabeth property.
