SGO.v reports solid channel sampling results ahead of mining As Sonor Gold (TSXV: SGO) continues to prepare for a heap leach mine at the Cerro Caliche Gold Project, the company has reported results from its channel sampling program.
The program returned promising results that confirm the continuity of gold mineralization, which is coincident with the normal and lateral variations they have seen when drilling previously. Highlighted results from this program include gold yield up to 7.863 g/t Au.
The current resource estimate classified this 100-meter section as an inferred resource, but the underground sampling results, together with over 7,200 meters of new drilling data, will be included in an updated resource calculation being completed on the project.
SGO.v is currently trading at a steep discount at $.145, valued at $20.2 million.
https://ceo.ca/@globenewswire/sonoro-gold-reports-underground-channel-sampling-program