Sonoro Gold CEO Ken Macleod joined Steve Darling from Proactive to share news the company has announced positive results of an updated Preliminary Economic Assessment on the Cerro Caliche Project located in Mexico.
Macleod telling Proactive the improved results include Pre-Tax net present value discounted at 5% of USD $84.4 million, Pre-Tax Internal Rate of Return of 74.9% and After-Tax NPV5 of USD $53.5 million with an IRR of 45.6%. Macleod also said approximately 7,000 meters of additional drilling has been completed at Cerro Caliche but was not included in the current mineral resource estimate.