Soho Resources (TSX-V:SOH) has taken another step in its efforts to advance its Tahuehueto Gold-Silver-Copper-Lead Zinc Polymetallic project in Mexico’s Durango state.
The junior mineral exploration and development company has engaged Snowden Mining Industry Consultants to complete a 43-101 compliant Preliminary Economic Assessment (PEA) on the project.
PEA’s are often the first study undertaken on a project to consider the commercial characteristics of a deposit, giving the company (and investors) a glimpse into possible development options, capital expenditure, and cash operating costs.
The study will utilize a National Instrument (NI) 43-101 compliant resource completed in 2009, which calculated a Measured and Indicated resource of 7.4 million tonnes averaging approximately 2.1 grams per tonne (g/t) gold, 35 g/t silver, 0.28% copper, 1.06% lead and 2% zinc. Tahuehueto also hosts a further 4.8 million tonnes in the inferred category (1.06 g/t gold, 31.77 g/t silver, 0.23% copper, 1.13% lead and 2.26% zinc). The measured, indicated and inferred resource used a cut-off grade of 2 g/t gold equivalent.
The revised calculation covers mineralization in six zones on the property, but primarily in the El Creston, El Catorce and Cinco de Mayo zones.
While Solo Resources has another polymetallic project (Jocuixtita) in Mexico, the 9,081 hectare Tahuehueto property is the company’s primary focus. Tahuehueto is an epithermal system hosting multiple structures which have been traced for up to six kilometers of strike.
Soho Resources controls Tahuehueto through a 99.4%-owned subsidiary.