$SGO Trading volume began to rise for shares of Sonoro Gold $SGO late this week. After a large selloff sparking a 56% dip in prices of the junior mining company, prices have been consolidating near a base of $.17 for the past few weeks.
$SGO has announced a 10,000-metre drilling campaign for their Cerro Caliche Gold project in Mexico after updating the project’s resource estimate based on new surface sample testing.
I am expecting news on the status of the project to be the perfect catalyst to lead prices of $SGO into a bullish reversal. Should shares establish bullish price action, I’m expecting to see a retest of resistance at $.35. Meaning a 107% gain from current prices.
https://ceo.ca/@nasdaq/sonoro-gold-announces-10000-meter-drilling-program