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Sonoro Gold Corp V.SGO

Alternate Symbol(s):  SMOFF

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

Post by SkywalkerofLukeon Sep 23, 2021 3:30pm
136 Views
Post# 33908816

Thoughts on $SGO Recently

Thoughts on $SGO Recently

Despite the great news that $SGO $SGO.v recently completed a PEA that showed promising results at the Cerro Caliche gold project, they’re currently down 11.1%. So how did this happen following such good news?


Well from what I’ve gathered it seems that due to junior gold stock investors getting pretty beat up over the past 3 months that many of them were holding off taking profits on $SGO as they hoped the PEA news would push the price higher and give them a chance to sell. Meaning, when the PEA came out it was seen as a liquidity event at whatever the price. 


No matter the exact reason, $SGO ‘s PEA showed some great results and I think it won’t be long until many people watching the stock decide to buy. 


https://sonorogold.com/news/5062/

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