Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) CEO Kenneth Macleod joined Steve Darling from Proactive to share news the company has finalized the Purchase and Promise Agreement to acquire a 70% interest in the Cerro Caliche Group of Concessions in Sonora, Mexico. Macleod detailed that the acquisition covers 67% of the project’s total surface area, solidifying Sonoro’s control over this promising gold asset. The agreement, valued at US $2.98 million, includes a 2% net smelter returns (NSR) royalty, which Sonoro has the option to repurchase.
With the final payment completed, Sonoro now holds a 100% interest in the Cerro Caliche concessions, spanning 15 contiguous mining concessions over 1,350.10 hectares. Macleod highlighted the company’s next steps: “We’re in the permitting phase for an open-pit, heap leach mining operation, aiming for an initial production capacity of 12,000 tonnes per day. This operation is expected to generate cash flow to fund the exploration of the remaining 70% of the project’s mineralized zones.”
Currently, only 30% of Cerro Caliche’s mineralized zones have been drilled and assayed, leaving significant untapped potential for mine expansion. This dual approach—simultaneously initiating production and continuing exploration—positions Sonoro for both near-term revenue generation and long-term growth. The Cerro Caliche Gold Project represents a cornerstone of Sonoro’s portfolio, with its rich resource potential and strategic location in a renowned mining region offering a pathway to sustainable development and value creation.