Mine development updates = big catalyst for $SGO.v I’m highly anticipating updates from Sonor Gold (TSXV: SGO) regarding the ongoing development of a proposed heap leach mining operation at the company’s flagship Cerro Caliche Gold Project.
The company recently closed an oversubscribed private financing round for gross proceeds of $3 million. These funds are planned to go towards the aforementioned mine development.
From the latest updates, Sonoro is currently in the permitting phase and anticipates the announcement of an updated resource estimate that will include new geological data from recently completed drilling.
Sonoro has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits. I expect updates on mine development as well as resource estimates to provide a strong catalyst for SGO given the current outlook on gold.
SGO.v is currently trading at $.13, valued at $18.11 million.
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