Silver

sonoro gold

Sonoro Gold Corp

Developing Highly Prospective Precious Metal Projects in Mexico’s Historic Sonora State

SGO:CA
TSXV:SGO

Overview

Mexico’s Sonora State demonstrates why the country stands as a global leader in gold and silver production. This mining-friendly and resource-rich jurisdiction boasts excellent infrastructure, high-grade access roads and exceptional climate conditions, and hosts several world-class gold and silver mines that contribute millions towards Mexico’s aggregate mining GDP. Mining companies operating out of Sonora present investors with exciting discovery potential and leading economic gold prospects that rank amongst the highest in the world. Notable names in the area include Equinox Gold’s (TSX:EQX) Mercedes gold mine, Goldgroup Mining’s (TSX:GGA) Cerro Prieto gold mine, Agnico Eagle’s (NYSE:AEM,TSX:AEM) Santa Gertrudis gold project and Magna Gold Corp’s (TSXV:MGR) San Francisco mine.

One notable junior exploration company focused on Sonora State, Mexico is Sonoro Gold (TSXV:SGO,OTCQB:SMOFF), currently operating its flagship Cerro Caliche gold project and San Marcial gold & silver project. Sonoro Gold intends to develop a heap leach pilot operation at the Cerro Caliche gold project.

“We not only have all the essential components to make a company successful, i.e., the people, the property and the ownership, but we have a very clear business plan of how to take this company forward, which is to move to production as quickly as we can, as professionally as we can, in order to generate cash flow. From cash flow, we can continue to expand the company,” commented Sonoro chairman & director John M. Darch.

In January 2018, the company’s wholly-owned Mexican subsidiary, Minera Mar De Plata, S.A. de C.V., entered into the first of five option agreements to acquire a 100 percent interest in Cerro Caliche’s mineral concessions and historical data. This agreement combines past data with results from Sonoro’s current exploration activities, now totaling 47,500 meters of drilling and more than 9.000 soil and rock samples. Comprehensive exploration has confirmed the existence of a broadly mineralized low-sulfidation, epithermal vein system, which could develop into a large tonnage resource suitable for open-pit mining.

In April 2021, the company announced the closing of its oversubscribed non-brokered private placement of 17,283,586 units at US$0.18 per unit for total gross proceeds of US$3,111,045. Sonoro intends to apply the net proceeds from the offering towards the development of its flagship Cerro Caliche project, including funding of its metallurgical testing, preparation of a 43-101 resource update and PEA, in addition to property maintenance payments.

As a junior mining company, Sonoro boasts an attractive capital structure and robust shareholder profile. The company’s market cap currently stands at US$17 million and the number of fully diluted shares stands at 131.39 million.

Sonoro Gold’s leadership is composed of top experts with years of combined experience in finance, construction, mine operations, international resources, venture capital and community relations. Its resource development and production heavyweights include notable names like John M. Darch, Kenneth MacLeod, Jorge Diaz and Melvin Herdrick.

Sonoro Gold’s Company Highlights

  • Sonoro Gold is focused on developing its highly prospective precious metal projects in the prolific mining district of Sonora, Mexico.
  • The Cerro Caliche gold project consists of four main high-grade gold zones that leverage exceptional infrastructure, mining-friendly conditions and fast-tracked production potential.
  • The San Marcial gold & silver project boasts strategic positioning near historic mine structures and resource-rich mineralization across the asset.
  • The company intends to conduct extensive drilling across Cerro Caliche and complete necessary environmental review and permitting.
  • The commencement of near-term production at Cerro Caliche is set for early 2022.
  • Sonoro Gold’s world-class management team consists of experts across numerous mining-related industries and primes the company for fast development and economic success.
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Recent News

Company News

B2Gold Announces Voting Results from its 2022 Annual General and Special Meeting

B2Gold Corp. is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders held on Wednesday, June 22, 2022 . A total of 812,572,340 common shares were voted at the Meeting, representing 76.59% of the votes attached to all outstanding common shares. Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The nine director nominees listed in ...

B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the "Meeting") held on Wednesday, June 22, 2022 . A total of 812,572,340 common shares were voted at the Meeting, representing 76.59% of the votes attached to all outstanding common shares.

B2Gold logo (CNW Group/B2Gold Corp.)

Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The nine director nominees listed in B2Gold's Management Information Circular ("the "Circular") dated May 11, 2022, were elected as directors of B2Gold to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out below:

Name

Total Votes
in Favour

Total Votes
Withheld

Outcome of
Vote

Clive Johnson

736,151,813

96.09 %

29,915,129

3.91 %

Approved

Robert Cross

709,667,695

92.64 %

56,399,248

7.36 %

Approved

Robert Gayton

700,910,563

91.49 %

65,156,380

8.51 %

Approved

Jerry Korpan

719,751,227

93.95 %

46,315,715

6.05 %

Approved

Bongani Mtshisi

762,480,309

99.53 %

3,586,634

0.47 %

Approved

Kevin Bullock

763,103,938

99.61 %

2,963,005

0.39 %

Approved

George Johnson

763,543,292

99.67 %

2,523,650

0.33 %

Approved

Robin Weisman

692,770,896

90.43 %

73,296,046

9.57 %

Approved

Liane Kelly

723,856,744

94.49 %

42,210,199

5.51 %

Approved

The resolutions to set the number of directors of the Company at nine and to appoint PricewaterhouseCoopers LLP as auditor of the Company were approved with 99.65% and 99.47%, respectively, of votes cast in favour.

The resolution regarding the Advisory Vote on Company's approach to Executive Compensation was approved with 80.36% of votes cast in favour.

A report on all items of business voted on at the Meeting will be filed on SEDAR at www.sedar.com .

Webcast/Dial-in Playback Details

A playback of the Meeting will be available until Wednesday, July 6, 2022 , on B2Gold's events page or by dialing +1 416-764-8677 (local – Toronto) or +1 888-390-0541 (toll free – North America) (passcode 420261#).

About B2Gold Corp.

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada . Founded in 2007, today, B2Gold has operating gold mines in Mali , Namibia and the Philippines and numerous exploration and development projects in various countries including Mali , Colombia , Finland and Uzbekistan .

On Behalf of B2GOLD CORP.
"Clive T. Johnson"
President & Chief Executive Officer

For more information on B2Gold, please visit the Company's website at www.b2gold.com or contact:

Randall Chatwin
SVP, Legal & Corporate Communications

+1 604-681-8371

rchatwin @ b2gold.com

Cherry DeGeer
Director, Corporate Communications
+1 604-681-8371
cdegeer@b2gold.com

The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/b2gold-announces-voting-results-from-its-2022-annual-general-and-special-meeting-301573625.html

SOURCE B2Gold Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/22/c4774.html

News Provided by Canada Newswire via QuoteMedia

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Collective Mining Makes a Significant New Discovery at the Apollo Target by Drilling 87.8 Metres at 2.49 g/t Gold Equivalent

Collective Mining Ltd. is excited to announce the discovery of a new high-grade copper-gold-silver porphyry-related breccia at the Guayabales project, located in Caldas, Colombia. APC-1, which is the first ever diamond drill hole to test the Apollo target, was collared approximately 600 metres southeast of the previously announced Olympus discovery hole that assayed 302 metres @ 1.11 g/t gold equivalent (see release dated March 15, 2022).

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(TheNewswire)

Alianza Minerals Ltd

Vancouver, BC TheNewswire - June 22, 2022 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) and Cloudbreak Discovery Plc ("Cloudbreak") (LSE:CDL) (the " Alliance ") are pleased to announce t hat the required permits to begin the 2022 drilling program on behalf of partner Allied Copper Corp. ("Allied") (TSX-V: CPR) have now been received. The drill program is expected to begin in mid July, 2022.  The Klondike Property consists of 76 unpatented mining claims, a State of Colorado Exploration Permit and an exclusive right to a State lease.

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