Sonoro Gold CEO Kenneth Macleod and Chairman John Darch joined Steve Darling from Proactive to bring news the company has released a Preliminary Economic Assessment of the Cerro Caliche Project in Mexico. That shows a Pre-Tax NPV of US$68.7 million and an IRR of 52.7% with a price of US$1,750 per ounce of gold and US$22.00 per ounce of silver. That is a 7-year life of mine.
Macleod also told Proactive the company is about to resume drilling at Cerro Caliche with a 10,000-meter reverse circulation drilling campaign. Darch telling Proactive more about the announcement of their financing and when they hope to close it.