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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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