Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) reported new assay results showcasing good gold grades from its Cerro Caliche gold project in Mexico.
The new results are from seven drill holes sunk outside of the pit shells used to calculate the mineral resource estimate from September 2021.
Highlights from the El Colorado and El Rincon zones include 9.14 metres (m) averaging 9.58 grams per ton (g/t) gold (Au); including 6.09m averaging 14.17 g/t Au; including 1.52m averaging 38.3 g/t Au.
READ: Sonoro Gold reveals “positive” updated PEA results on its Cerro Caliche project in Mexico
Another hole intercepted 36.5m averaging 0.54 g/t Au; including 1.53m averaging 3.59 g/t Au; including 1.53m averaging 3.32 g/t Au.
Sonoro’s drilling campaign at Cerro Caliche has wrapped up and final assays are expected to be released in June, the company said in a statement.
New geological data from over 7,200 meters and 63 drill holes will be included in a further updated resource estimate scheduled to be released in the fall of 2022, it added.
"We continue to report good gold-bearing intervals of mineralization as well as higher-grade intercepts that continue to add to potential mineralized material,” vice president of exploration Mel Herdrick told investors.
Kenneth MacLeod, Sonoro's CEO, extolled the company’s success in demonstrating high-grade intercepts at the Colorado zone, which suggests the potential for an increase in both the grade and size of the gold resource at El Colorado.
“Additional success at the Rincon zone through infill drilling has also achieved our objective of identifying continuous mineralization between two pit shells located 400 meters apart, suggesting the potential for coalescing the pit shells into one larger pit shell,” MacLeod said.
Meanwhile, John Darch, Sonoro's chairman, added that an expanded resource may also improve the project's potential economics and extend the mine life of the proposed mining operation.
"The expansion of the El Colorado and El Rincon gold mineralized zones, along with the multiple higher-grade intercepts we have announced during the Phase IV drilling program, adds to our optimism that this new geological data may potentially increase both the size and gold grade of the resource,” Darch said.
Results from another 15 holes are still pending.
Vancouver-based Sonoro has a portfolio of exploration-stage precious metal properties in Sonora State, Mexico.
Contact Angela at angela@proactiveinvestors.com
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