SONORO GOLD ENGAGES SRK CONSULTING TO UPDATE MINERAL RESOURCE ESTIMATE AT CERRO CALICHE GOLD PROJECT
November 01 2022 - 6:30AM
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA:
23SP) (“Sonoro” or the “Company”) is pleased to announce the
Company has engaged SRK Consulting (U.S.), Inc. to prepare an NI
43-101 compliant updated Mineral Resource Estimate (“MRE”) for the
Cerro Caliche gold project in Sonora, Mexico. The updated resource
is to include an additional 7,200 meters of drilling completed on
the project in May 2022 which returned multiple higher-grade gold
intercepts and demonstrated the expansion of several known
mineralized gold zones within the concession.
The economic impact of the updated MRE on a
proposed seven-year, heap-leach mining operation will be addressed
in a further technical report following completion of the MRE.
“The resource estimate is being updated now in
connection with our on-going work to secure project financing,”
said Sonoro’s President and CEO, Kenneth MacLeod. “We continue to
successfully proceed through the environmental permitting phase to
facilitate our primary strategy of launching Cerro Caliche into
production.”
Sonoro’s Chairman, John Darch, added, “We are
pleased to have engaged the services of SRK Consulting due to their
extensive experience with mineral resources and operating mines in
the near vicinity of Cerro Caliche.”
Over 55,000 meters of drilling have been
completed at Cerro Caliche, confirming a broadly mineralized
low-sulphidation epithermal vein structure and multiple
northwest-trending gold mineralized zones along trend and near
surface. To date, just over 30% of the 1,400-acre property has been
mapped and assayed.
About SRK Consulting
(U.S.),
Inc.SRK Consulting is an independent international
mining consultancy firm, which provides focused advice and
solutions to clients in the earth and water resource industries.
The company has contributed to its clients' success for over 45
years in over 20,000 projects globally. It is based across 45
offices worldwide with leading mining specialists in fields such as
due diligence, technical studies, mine waste and water management,
permitting and mine rehabilitation.
About Sonoro Gold Corp.Sonoro
Gold Corp. is a publicly listed 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.
On behalf of the Board of Sonoro Gold
Corp.Per: “Kenneth
MacLeod” Kenneth
MacLeod President
& CEO
For further information, please contact: Sonoro Gold Corp. -
Tel: (604) 632-1764 Email: info@sonorogold.com
This press release may contain "forward-looking
information" as defined in applicable Canadian securities
legislation. All statements other than statements of historical
fact, included in this release, including, without limitation,
statements regarding the Cerro Caliche project, and future plans
and objectives of the Company, constitute forward looking
information that involve various risks and uncertainties. Although
the Company believes that such statements are reasonable based on
current circumstances, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements
are statements that are not historical facts; they are generally,
but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects",
"aims", "potential", "goal", "objective", "prospective" and similar
expressions, or that events or conditions "will", "would", "may",
"can”, "could" or "should" occur, or are those statements, which,
by their nature, refer to future events. The Company cautions that
forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made and they involve a number of risks and uncertainties,
including the possibility of unfavorable exploration and test
results, the lack of sufficient future financing to carry out
exploration and development plans and unanticipated changes in the
legal, regulatory and permitting requirements for the Company’s
exploration programs. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law or the policies of the TSX Venture
Exchange. Readers are encouraged to review the Company’s complete
public disclosure record on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
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