Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) has reported assay results from the final seven drill holes of the Phase 4 drilling program at its Cerro Caliche gold project in Mexico.
The objective of the program was to increase the estimated size and grade of the project’s oxide gold mineralization, as well as extend the estimated life of a proposed heap leach mining operation, the company noted.
All in all, the company completed more than 7,200 meters (m) of reverse circulation drilling with 63 drill holes which returned multiple higher-grade gold intercepts and demonstrated the expansion of several known mineralized gold zones within the Cerro Caliche concession.
Specifically, hole SCR-321 intercepted 15.24m averaging 1.336 grams per ton (g/t) of gold, including 4.57m averaging 3.657 g/t gold. Hole SCR-322 intercepted 18.29m averaging 0.785 g/t gold; including 1.52m averaging 4.88 g/t gold.
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Holes SCR-321 and SCR-322 each correlate with other plotted vein projections intersected further north, and the geology of the Abejas zone is similar to the Japoneses gold mineralized zone with most rock drilled being Jurassic-Cretaceous metasedimentary quartzite, shale and local limestone beds.
A full breakdown of the drill results can be found here.
"Phase four has been a successful drilling campaign with continued reporting of mineralized extensions and higher-grade intercepts,” VP of Exploration Mel Herdrick said in a statement.”As the project continues to move through the current permitting phase, the objective of the exploration team now is to refine our understanding of the new extensions and higher-grade zones, as well as the potential impact of the new drilling data on the project’s resource."
Results from the Phase 4 campaign will be included in an updated resource estimate, which the company said it expects to release in the fall. The economic impact of the updated resource on the proposed heap leach mining operation will also be assessed and contemplated in a subsequent technical report.
“The completion of the drilling program is another important milestone in the development of Cerro Caliche,” CEO Kenneth MacLeod said. “Last month we announced the positive results of an updated PEA and are currently assessing the potential economic impact of the new drilling data on the proposed heap leach mining operation. An updated resource estimation is expected to be filed this fall and we will continue to work on securing project financing and moving the project forward.”
Sonoro Gold is an exploration and development company holding 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.
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