New Sullivan Activity!With only 10 million shares out, impressive & experienced exploration personnel together with an attractive target, SMO is all tilled up for significant gains. A smidgeon of success will shine a light on all juniors in the area. Something to watch for this season IMHO.
"SONORO OPTIONS SULLIVAN CORRIDOR PROPERTY AND PROPOSES FINANCING
Sonoro Metals Corp. has entered into an option agreement with Eagle Putt Ventures Inc., whereby Sonoro can earn a 50-per-cent interest in the 1,282-hectare Monroe property located in the Fort Steele mining division in southeastern British Columbia. The Monroe property is located approximately 20 kilometres south of Cranbrook, B.C., and 40 km south of the former giant-class Sullivan zinc-lead-silver mine. Eagle Putt is a private company, arm's length to Sonoro, and managed by noted Vancouver-based geologists, Gordon and John Leask, who are acting as technical advisers for the Monroe exploration program.
"The Monroe option enables Sonoro to diversify its exploration portfolio to incorporate a base-metal component in a region with a rich mining history," said Kenneth MacLeod, president and chief executive officer of Sonoro. "We are especially pleased to draw upon the geological expertise of Gordon and John Leask, and their history of involvement with the Monroe project."
The Monroe property is situated at the intersection of two major Proterozoic-aged crustal structures, specifically the Moyie fault and the Sullivan Corridor. The Sullivan deposit is hosted in a similar geologic setting. Past work on the Monroe project dates from the discovery of the adjacent Fors zinc-lead-silver massive sulphide prospect in 1966. The most recent investigation comprised a major drill campaign in 1997.
Sonoro proposes to drill to a depth of approximately 1,200 metres to test two specific stratigraphic intervals within the subbasin, namely the Sullivan Time interval and the Sullivan footwall quartzite interval."
From a November 10, 2014 NR.