Sona Drills 85.4g Au/t Over 4.0 Metres at Elizabeth Gold Deposit Property: Southwest Vein Mineralization Extended
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/27/10 -- Sona Resources Corp. (the 'Company' or 'Sona') (TSX VENTURE: SYS)(FRANKFURT: QS7) is pleased to report on five holes in the third round of assay results from the recently completed drill program at its 100 percent owned Elizabeth Gold Deposit Property, located in the Lillooet Mining District of southern British Columbia.
Important highlights from the diamond drilling include:
-- Hole E10-66 intersected 17.4g Au/t over 1.54 metres.
-- Hole E10-67 intersected 96.4g Au/t over 2.5 metres, including one assay
interval of 383g Au/t over 0.5 metres.
-- Hole E10-69 intersected 85.4g Au/t over 4.03 metres, including one assay
interval of 230g Au/t over 1.0 metre.
Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.
The fifth hole, E10-70, was drilled on the No. 9 Vein and intersected the target quartz vein over a core length of 1.8 metres, which was not mineralized at this location.
'The assay results from the Southwest Zone quartz vein continue to be extremely positive,' says John P. Thompson, Sona's President and CEO. 'We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest.'
The table below shows the drill hole composite assay intersections returned to date:
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From To Core length Gold
Hole no. (m) (m) (m) (g Au/t)
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E10-51(i) 177.01 177.70 0.7 10.3
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E10-52 51.91 52.82 0.9 134.9
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E10-53 55.06 60.32 5.3 0.7
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including 55.06 55.83 0.8 2.0
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including 57.71 58.57 0.9 1.6
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156.88 160.95 4.1 0.8
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including 156.88 158.95 2.1 1.0
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including 160.45 160.95 0.5 1.6
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E10-54 65.16 67.16 2.0 7.2
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E10-55 70.24 72.28 2.0 2.0
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73.93 76.40 2.5 12.5
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E10-56 55.33 56.05 0.7 1.1
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E10-57 Lost hole in overburden
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E10-58 206.40 210.40 4.0 0.8
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including 207.80 209.80 2.0 1.0
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225.61 225.95 0.3 54.7
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E10-59 91.93 92.75 0.8 31.2
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104.94 106.43 1.5 3.1
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111.44 112.49 1.1 1.3
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E10-60 203.60 204.58 1.0 9.3
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E10-61 No significant assays in quartz vein
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E10-62 245.97 246.97 1.0 0.7
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E10-63 No significant assays in quartz vein
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E10-64 No significant assays in quartz vein
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E10-65 105.77 112.46 6.7 6.5
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including 105.77 106.25 0.5 70.6
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including 105.77 107.55 1.8 21.3
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E10-66 122.28 123.82 1.54 17.4
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including 122.78 123.32 0.5 39.9
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E10-67 118.0 120.50 2.5 96.4
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including 118.50 119.50 1.0 222.0
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E10-68 No significant assays in quartz vein
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E10-69 96.10 100.13 4.03 85.4
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including 96.10 97.64 1.54 195.0
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Target No. 9 Vein, no significant values in quartz
E10-70 vein
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(i)Results for Hole E10-51 have been corrected. See note below.
Note: True widths are less than core lengths.
Drill core was logged and split on site, and half-core samples were analyzed using metallic screening gold fire assaying and 30-element ICP multi-acid digestion at the independent EcoTech Laboratory in Kamloops, B.C. A QA/QC program consisting of duplicate samples, insertion of known standards and check assaying was employed.
Correction(i)
On October 25, the independent assaying facility EcoTech Laboratory advised that in August it provided Sona with incorrect data on a high-grade sample from drill hole E10-51. The results should have been reported as 0.82g Au/t over a 0.51 metre core interval, not the 39.4g Au/t the laboratory stated. The composite assay over the interval 176.5 to 177.7 metres is therefore recalculated over the interval 177.01 to 177.70 metres as 10.35 g Au/t over 0.69 metres. The Company will undertake a re-assay of this hole, and will report any variances in a future news release.
Review
The content of this news release has been reviewed by John P. Thompson, P.Eng., a Qualified Person for the purposes of NI 43-101, with the ability and authority to verify the authenticity and validity of the data.
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 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 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 pre-tax cash flow of $27 million and pre-production capital costs 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.
Neither the TSX Venture Exchange nor its regulation services provider, as 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
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