Sonoro Gold Corp V.SGO

Alternate Symbol(s): SMOFF

Metals & Mining Gold

Sonoro Gold Corp is a Canada-based exploration and development company. The Company is engaged in holding the development- stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Cerro Caliche Project is located in the Cucurpe Municipality of Sonora State in northwestern Mexico and is comprised of 15 contiguous mining concessions covering a total area of 1,350.10 hectares (ha). The San Marcial Project is located in the Santa Ana Municipality of Sonora State in northwestern Mexico and is comprised of four contiguous mining concessions held by the Company’s wholly owned Mexican subsidiary Minera Breco, S.A. de C.V. (Breco). The 1,015.80-ha project is situated at the southern end of the prolific Sonora-Mojave Megashear, a regional scale structural system measuring approximately 50 kilometers in width and 500 kilometers in length.

TSXV:SGO - Post by User

Sonoro Gold Corp > $SGO- Sonoro Gold

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Post by maysilverstoneon May 31, 2021 4:46pm

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Post# 33297675

$SGO- Sonoro Gold

$SGO holding steady at $0.28.

Sonoro Gold is a junior gold exploration and development company with properties in Sonora, Mexico- one of Mexico's leading mining states due to its low-cost available workforce, first-class infrastructure and pro-mining climate.

With a highly experienced management team, they plan to develop a heap leach pilot operation (HLPO) at their 1400-hectare flagship property, the Cerro Caliche gold project, and use the generated cash flow to fund further exploration/development programs.

They will focus on expanding the current resource by drilling 50,000 meters during 2020-2021, to test the exploration target of between 75,000,000 to 100,000,000 tonnes with grades potentially between 0.3 g/t to 0.5 g/t AuEqR.

Rising inflation and the weakened US dollar have supported gold prices, pushing above $1,900 per oz today (up 7.7% for the month). I'm very bullish on gold and expect prices to reach $2,000 soon. With a mc of only $28.66M, I'll be watching this junior mining company closely.

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