SGO.v prepares for updated PEA and pre-feasibility. An updated PEA and pre-feasibility study are expected from Sonoro Gold (TSXV: SGO), following up on highly promising channel sampling results from the Cerro Caliche Gold Project.
SGO is currently in the process of planning a heap leach mining operation at the project, and this updated PEA and PF will be a key catalyst to watch for until then. Results from Cerro have been continually impressive, and these latest channel sampling results show that there is a substantial amount of gold that was left behind by previous miners at the property.
The company’s last updated PEA placed the project at a pre-tax NPV of USD$84.4 million. I expect that given SGO’s recent results, we will see this value increase, as it has done with each of the company’s successive resource estimates for the project.
SGO.v is currently trading at $.14, valued at $19.5 million.
https://www.youtube.com/watch?v=HFdmmZ_R4ho