Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP),
(“Sonoro” and the “Company”), provides an update to studies
underway regarding its proposed Test Heap leach Pilot Operation at
Cerro Caliche, Sonora State, Mexico, in accordance with its
Fiscal Advisory Services Agreement (the “Agreement”) with
Singapore-based InProved Pte. Ltd.
“We are proud of the high degree of skill and
leadership demonstrated by our Hermosillo, Mexico-based technical
team under the direction of VP Exploration, Mel Herdrick and
Operations Manager, Jorge Diaz,” said Kenneth MacLeod, President
and CEO of Sonoro. “The launching of metallurgical testing and
preliminary pilot-plant design in conjunction with the ongoing
drilling program, will ensure that all the elements needed to
create a successful project are being managed simultaneously.”
In connection with the first work phase of its
proposed Heap Leach Pilot Operation (HLPO) at Cerro Caliche, Sonoro
reports that the results from its phase 1 and 2 drilling campaigns
combined with drilling by other companies, have enabled the Company
to outline sufficient oxidized, shallow, gold mineralization in the
Japoneses-Cuervos zone, to sustain a pilot size operation, making
it the planned mineralized material source for the
HLPO.
Sonoro has engaged Geo Digital Imaging de Méxicoan
(GDI), an independent engineering firm to develop the preliminary
studies required to generate quality data for the development of
the NI 43-101 compliant pre-feasibility study to assess the
viability of the development of a heap leach plant at Cerro
Caliche.
GDI is a Hermosillo-based independent mining
engineering firm with a team of experts with extensive backgrounds
in mine project development, with services that range from the
development of project GIS (geo-info-system) to resource modeling,
ore characterization, metallurgical testing and mine design. Among
others, GDI’s clients include Agnico Eagle, Argonaut Gold,
Fresnillo PLC, Alio Gold and Alamos Gold.
GDI has teamed up with Sonoro’s geological staff to
develop the first block model of the zone. The model has been
developed based on Sonoro’s best practice compliant database that
includes up to date drilling results and Sonoro’s geologic
interpretation. Modeling was done with the latest software and
engineering techniques and is also best practice
compliant.
Accordingly, GDI has been engaged to conduct
initial ore characterization and metallurgical tests, with
preliminary characterization studies, bottle roll and leach column
tests underway. Gold mineralization characterization studies are
led by a specialist at the University of Sonora. The metallurgical
tests are being conducted under the supervision of metallurgist
Sandra Orona, who is an expert in metallurgical processes and
quality control, with several years of experience working for SGS
Mineral Services in Canada and Mexico. The tests are being
conducted at a dedicated facility that has been set up for this
purpose in Magdalena, Sonora State. These tests are expected
to take approximately 8 weeks to complete.
For metallurgical column testing, Sonoro’s
geological team selected samples representative of the veins and
veinlet mineralization zones at the Japoneses-Cuervos zone, which
were collected and prepared for the test by Sonoro’s geologic team
in accordance with best practices in the industry. The first
testing stage started with 12 columns. These preliminary
metallurgical tests are being conducted under Canadian National
Instrument protocols, but are not NI 43-101 compliant, due to the
technical personnel’s lack of registration as QP status persons.
These experienced technical consultants are very familiar with the
National Instrument protocols, due to their recent and continuing
engagements for several Canadian and Mexican mining companies
operating in the area.
GDI’s engineering team is led by Gildardo Vejar
Ruiz, a Hermosillo-based independent consultant and mining
engineer, with an extensive background in mine planning and
development including supervising the development of Alamos Gold’s
Mulatos Mine and Alio Gold Corp.’s San Francisco Mine. The team
conducted preliminary level estimations of economic variables such
as operating costs, pit slope alternatives, including economic
assessment of social, environmental and governmental economic
impact on costs. The purpose of the estimations is to develop a
preliminary order of magnitude and footprint design in order to
focus the forthcoming NI 43-101 studies on the areas that would
suit the development of the HLPO. With this data and GDI’s
block model, the team conducted sensitivity analysis for a range of
costs and metallurgical Au recoveries, generating several possible
pit geometries with their associated stripping ratios, ore and
waste haul roads, waste and process sites, pad size requirements
and associated infrastructure location. This work has enabled GDI
to generate an order of magnitude footprint of the HLPO and future
NI 43-101 compliant work will be focused within the developed
footprint.
Upon their completion, results from the
metallurgical studies, if positive, will be incorporated in the
sensitivity analysis in order to define the characteristics of the
HLPO preliminary design, which would be then updated to a NI 43-101
level.
Since there are positive expectations that GDI’s
block model will continue to expand with the advance in
exploration, Sonoro will continue updating its database as drill
results are received and prior to NI 43-101 level work, the
sensitivity analysis will be updated. It is expected that the
preliminary work will be finalized during September of this year
and NI 43-101 studies will then commence.
The technical process is being supervised by
Sonoro’s Operations Manager, Jorge Diaz, who is both a mining
engineer and metallurgical engineer from the University of
Guanajuato, Mex., and MS in Mineral Economics from Colorado School
of Mines. He has carried out this role many times in the past,
including leading the development, construction and operation of
the La Colorada Mine; the development of both Alamos Gold’s Mulatos
Mine and Morgain Mineral’s El Cairo/Castillo mine and also acting
as advisor regarding the development of Pediment Gold’s (now
Argonaut Gold’s) San Antonio project. His company,
Interminera, continues to act as advisor to
Argonaut.
Stephen Kenwood, P. Geo., a director of Sonoro, is
a Qualified Person within the context of National Instrument 43-101
and has read and approved this news release. Readers are cautioned
that the presence of mineralization on historic mines adjacent to
or on Cerro Caliche is not necessarily indicative of gold
mineralization in the concessions held by the company.
About Sonoro Metals Corp.Sonoro
Metals Corp. is a publicly listed exploration and development
company with two exploration stage precious metal properties 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 METALS
CORP. |
Per: |
“Kenneth
MacLeod” |
|
KENNETH MACLEOD |
|
President & CEO |
For further information, please contact:Sonoro
Metals Corp. - Corporate Communications: Bill Campbell – Tel: (604)
565-5609Email: bill@sonorometals.com
Forward-Looking Statement
Cautions: This press release contains certain
"forward-looking statements" within the meaning of Canadian
securities legislation, relating to, among other things, the
Company's plans for the drilling, metallurgical testing, and
engineering studies to be undertaken on the above-described Cerro
Caliche Concessions, located in the municipality of Cucurpe,
Sonora, Mexico, and the Company’s future exploration and
development plans for those properties. 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 unfavourable interim exploration and
engineering results, the lack of sufficient future financing to
carry out exploration 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.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN
OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL
THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION
IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY
SUCH JURISDICTION.
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.
Sonoro Metals (TSXV:SMO)
Historical Stock Chart
From Dec 2024 to Jan 2025
Sonoro Metals (TSXV:SMO)
Historical Stock Chart
From Jan 2024 to Jan 2025