|By Marketwired .||
|January 16, 2014 12:17 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/16/14 -- Sona Resources Corp. ("the Company" or "Sona") (TSX VENTURE:SYS)(FRANKFURT:QS7) is pleased to announce the appointment of Mr. Zhen Zhicheng of Vancouver, British Columbia, to the Company's Board of Directors.
Mr. Zhen is a graduate of Peking University's MBA program and also holds degrees from Tsiunghua University and China Mining University. He has extensive experience in the mining sector of China's Shanxi province, and now serves as the president of Shanxi Lu'an (China) Coal Equipment & Engineering Ltd., Shanxi Wangjiazhauang Mining Co. and Shanxi Lu'an Mining Equipment Co. Ltd., and Lu'an (Canada) Capital & Energy Investment Inc.
In July 2013, Sona acquired the Mineral Creek Gold Property from Lu'an (Canada) Capital & Energy Investment Inc.("LCE"). Sona also completed a 3,665,000-unit private placement with LCE at an offering price of $0.30 per Unit, for gross proceeds of $1,099,500.
About Sona Resources Corp.
Sona is a junior gold resource company based in Vancouver, with a focus on bringing its Blackdome-Elizabeth Gold Project into full commercial production. Since its inception in 1990, Sona has engaged in a wide range of mineral exploration activities in Canada, Mexico and the United States, as well as small-scale gold production.
Sona owns a 100 percent interest in the former Blackdome Gold Mine in south-central British Columbia, 250 kilometres north of Vancouver, and the Elizabeth Gold Deposit Property, 30 kilometres south of Blackdome. At Blackdome, the mineral resources are estimated to be 144,500 tonnes, grading 11.29g Au/t and containing 52,500 oz. gold, indicated; and 90,600 tonnes, grading 8.79g Au/t and containing 25,900 oz. gold, inferred (Sona news release dated May 4, 2010). At Elizabeth, Sona has outlined an inferred gold resource of 523,000 tonnes, grading 12.26g Au/t and containing 206,100 oz. gold (Sona news release dated June 8, 2009).
Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Sona aims to bring the fully permitted Blackdome mill back into production at an initial rate of 200 tonnes per day, with feed from the formerly producing Blackdome Gold Mine.
On July 15, 2013, Sona announced the acquisition of the highly prospective Mineral Creek Gold-Silver Project near Port Alberni, British Columbia.
Sona also holds a 100 percent interest in the Montgolfier Project in Quebec, 40 kilometres east of the multimillion-ounce Casa Berardi Mine gold deposit.
On behalf of the Board,
Nick Ferris, Executive Chairman
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.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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.
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