Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) has announced assay results from an additional 15 drill holes completed as part of a drilling campaign currently underway at its Cerro Caliche gold project in Mexico, which included 10.7 metres (m) averaging 9.0 grams per tonne (g/t) gold.
The resource exploration and development company said the objective of the program is to increase the estimated size and grade of the project's oxide gold mineralization as well as to potentially extend the estimated life of the proposed heap leach mining operation, as outlined in the Preliminary Economic Assessment (PEA) filed in October 2021.
“We continue to be very pleased with the results from our Phase IV drilling program which is expected to be completed by early May with the remaining results expected at the end of May,” Sonoro Gold CEO Kenneth MacLeod said in a statement.
READ: Sonoro Gold reports multiple high-grade gold intercepts at Cerro Caliche in Mexico
“While we move forward with the development of the proposed mining operations, we will now begin assessing the potential economic impact of the new geological data on the project,” MacLeod added.
Sonoro Gold vice president of exploration Mel Herdrick also commented, stating: “With the discovery of multiple prospective high-grade ore-shoots identified by drilling at El Colorado, we are developing an understanding of the permissible extent and trend of these potential ore-shoots that may have up to seven additional repetitions in the footwall of the Guadalupe vein zone extending up to 700 meters to the northwest of El Colorado. These high-grade ore-shoots may add significantly to the existing resource.”
Sonoro Gold noted the latest results include drilling conducted at El Colorado and Guadalupe gold mineralized zones in the southwest of the concession’s mineralized zones, where multiple high-grade gold intercepts were previously reported within larger intervals of higher-grade gold mineralization, as well as at El Bellotoso gold mineralized zone in the northeast region.
Sonoro Gold holds the near-development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
Contact Sean at sean@proactiveinvestors.com