Sonoro Gold Corp V.SGO

Cerro Caliche Drill Program Update from President and CEO!

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Ken MacLeod, President and CEO of Sonoro Gold Corp. ($SGO.v $SMOFF), and John M. Darch, Chairman, recently spoke with MetalsNews regarding their Cerro Caliche gold project in Sonoro Mexico.

They covered $SGO's recent milestones starting off with the October 2021 PEA indicating robust economics for a 15,000 ton per day heap leach mining operation, further confirming $SGO's plan to become a gold producer in the next year. Plus, $SGO's recently completed $3M private placement which had 20% taken by insiders, and the commencement of a 10,000 drilling program were discussed. 

So far, $SGO has only tested a third of the known zones with near-surface gold mineralization during their current drilling program.

The objective of the drilling is to increase the size of the resource materially to lengthen mine life, increase the value and have the capital costs paid for over a longer period of time.

$SGO strongly believes that the potential increase in the size of the resource at Cerro Caliche will be very substantial, thus improving the economics of the project.

Plus, multiple vein extensions were discovered with high-grade gold out-crops during the drilling with new structures still being identified.

Overall, this is a promising update from $SGO regarding their Cerro Caliche gold project. It's looking quite promising IMO.
https://metalsnews.com/t1394596i