Company
CVE:SGO
Sonoro Gold Corp is a publicly listed gold exploration and development company with two exploration stage precious metal properties in Sonora State, Mexico. The company is currently focused on developing a heap leach mining operation (HLMO) at its 1,400-hectare Cerro Caliche gold concession - where exploration has confirmed a broadly mineralized low-sulphidation epithermal vein structure with multiple gold mineralized zones along trend and near-surface. Meanwhile, the 100%-owned San Marcial project covers over 1,000 hectares. Both mine areas have yielded samples showing high-grade gold and silver mineralization, with broader low-grade disseminated zones to stockwork forms of mineralization. Sonoro has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
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"We are pleased with the reception this financing has received from investors as it allows us to continue with the development of the Cerro Caliche gold project,” Sonoro's president and CEO Kenneth MacLeod said
The updated Preliminary Economic Assessment (PEA) contemplates an optimized mine plan for an open pit, heap leach mining operation with an initial two-year production rate of 8,000 metric tonnes per day
The company previously said net proceeds from the offering will be used to fund the ongoing development of a proposed heap leach mining operation at its Cerro Caliche gold project in Sonora, Mexico
The objective of the program was to increase the estimated size and grade of the project’s oxide gold mineralization
The company said net proceeds from the offering will be used to fund the ongoing development of a proposed heap leach mining operation at its Cerro Caliche gold project in Sonora, Mexico
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
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
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
The exploration and development company said the updated Preliminary Economic Assessment (PEA) on its Cerro Caliche gold project showed an enhanced pre-tax net present value of US$84.4 million as well as an improved pre-tax Internal Rate of
“The filing of the Manifestacion de Impacto Ambiental (environmental impact statement) is an important step in the project’s development, and we will continue to move the project forward during the permitting process,” said Jorge Diaz, VP o
Kenneth MacLeod, president and CEO of Sonoro, commented: "The private placement will provide sufficient capital to complete several key steps in the development of the proposed mining operation including permitting, land agreements and cond
Results from an additional 15 drill holes included 10.7 metres (m) averaging 9.0 grams per tonne (g/t) gold
The company said the intercepts include 27.43 meters of 5.36 grams of gold per ton
Noting the stock is a 'speculative high-risk' investment, Equity analysts pointed to the firm's experienced management, singling out Jorge Diaz, its vice-president of operations
The net proceeds from the offering will be used primarily to fund a 10,000-meter drilling campaign now underway at the company’s Cerro Caliche Gold Project in Sonora, Mexico and will also be used for concession maintenance and general worki
The net proceeds from the offering will be used to fund a 10,000-meter drilling campaign, commencing this month, at the company’s Cerro Caliche Gold Project in Sonora, Mexico
“The drilling campaign will focus on potentially increasing the size and grade of the gold resource while we continue with the proposed development of the HLMO,” said Sonoro’s chairman John Darch
The company is currently focused on developing a heap leach mining operation (HLMO) at the project - where exploration confirmed broadly mineralized low-sulphidation epithermal vein structure with multiple gold mineralized zones along trend
