Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) revealed new high-grade intercepts from its Cerro Caliche gold project in Mexico.
The intercepts are located outside of the pit shells used to calculate the mineral resource estimate on the property, Sonoro told shareholders.
Highlights from the results include 21.34 metres (m) averaging 0.55 grams per tonne (g/t) gold, including 3.04m averaging 1.52 g/t gold in one hole.
READ: Sonoro Gold reveals encouraging gold results from outside the current resource area at Cerro Caliche
Another hole intercepted 3.05m averaging 1.19 g/t gold, including 1.52m averaging 2.19 g/t gold; and 7.62m averaging 0.72 g/t gold, including 1.53m averaging 1.64 g/t gold.
Drilling was conducted at the El Colorado and Buena Suerte gold mineralized zones, where intercepts include 1.52m averaging 9.57 g/t gold, 28.95m averaging 1.02 g/t gold and 10.67 meters averaging 1.18 g/t gold.
Mel Hendrick, Sonoro’s vice president of exploration, told investors that the results demonstrate resource growth potential near surface and at depth.
“These latest assay intercepts also indicate continued expansion of El Colorado and Buena Suerte mineralized gold zones outside of the pit shells used to calculate the resource estimate for the initial preliminary economic assessment,” Hendrick said in a statement.
“The potential expansion will be confirmed in an updated resource estimate expected to be completed over the next few months."
Multiple mineralized gold zones
Ken MacLeod, Sonoro’s CEO, hailed the Phase IV drilling as a successful campaign.
"With the updated mineral resource estimation potentially demonstrating an increase in multiple gold mineralized zones at Cerro Caliche, we are now reviewing the additional work involved to incorporate the new data into an updated technical report on the proposed mining operation.”
Sonoro told shareholders that results from seven additional drill holes completed at the Abejas gold mineralized zone are still pending and will be announced next month, concluding the Phase IV drilling program at Cerro Caliche.
Geological data from the latest drilling campaign will be included in a further updated resource estimate scheduled to be announced in the summer of 2022.
Contact Angela at angela@proactiveinvestors.com
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