Sona Resources Corp.: Elizabeth Gold Property Exploration Under Way 3,000-Metre Diamond Drilling Program Moves Ahead
3,000-Metre Diamond Drilling Program Moves Ahead
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/09/10 -- Sona Resources Corp. (the 'Company' or 'Sona') (TSX VENTURE: SYS)(FRANKFURT: QS7) is pleased to announce that the exploration program it announced on July 29, 2010, is well under way.
A 3,000-metre surface diamond drilling program commenced in early August, and 15 holes totalling 2,339 metres have been completed to date. Assay results for the first few holes are already coming back from the laboratory; the Company will release them once they're compiled. Earlier this summer, the access road into the Elizabeth Gold Property was improved to allow for the exploration camp upgrade. A new trailer camp for the planned underground exploration program, scheduled to commence this fall, has been sourced.
'We're pleased with the progress of the work program to date,' says John P. Thompson P.Eng., Sona's president and CEO. 'We have a skilled and motivated crew, and the weather has been very co-operative.'
The planned underground program will consist of a new portal into the Southwest Vein zone drifting, with raises along the ore zone, along with 4,500 metres of underground diamond drilling. This work is designed to increase confidence in the gold resource at the Elizabeth project, and to move it from the Inferred category to the Measured and Indicated categories.
To permit sampling on the West Vein beneath its eastern surface expression - known as the 'Jewelry Box' - underground timber supports are being replaced in the Upper Portal. Surface trenching is under way on the northeastern extension of the West Vein, in the Jewelry Box area. Sona is also doing surface sampling at the outcrops of other known or recently exposed veins.
About Sona Resources Corp.
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 100 percent owned Blackdome Gold Mine ('Blackdome'), in south-central British Columbia. At Blackdome, the indicated mineral resources are estimated to be 144,500 tonnes, grading 11.29g Au/t and containing 52,600 ounces of gold, and the inferred resource is estimated to be 90,600 tonnes, grading 8.79g Au/t (news release of May 4, 2010). At its 100 percent owned Elizabeth Gold Property, 30 kilometres south of the Blackdome Gold Mine, Sona has outlined an inferred gold resource of 522,900 tonnes, grading 12.3g Au/t and containing 206,100 ounces of gold (news release of June 8, 2009). Sona aims 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. A positive Preliminary Economic Assessment by Micon International Ltd. (news release May 28, 2010) at a gold price of $950 per ounce over an eight-year period has estimated a pre-tax cash flow of $27 million and a pre-production capital cost of $21 million.
Sona holds a 100 percent interest in two other promising 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 multimillion-ounce Casa Berardi Mine gold deposit.
This news release contains certain forward-looking statements, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence.
For more information, visit www.sonaresources.com.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Sona Resources Corp.
+1 (888) 236-5200
+1 (604) 684-6678 (FAX)
info@sonaresources.com
www.sonaresources.com
Marston Webb International
Victor Webb/Madlene Olson
Media Inquiries
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