$SGO is ready to make a big move Sonoro Gold has closed $3 million dollars of private financing, with 18% being supplied directly by $SGO officers and directors. This shows me leadership has some real confidence in the companies upcoming operations at the Cerro Caliche Project.
$SGO has commenced the next phase of drilling in its planned 10,000-meter campaign and is strongly anticipating a successful completion of the program.
$SGO CEO recently stated, “The wealth of technical data amassed to date suggests the potential to increase the resource within the project’s known mineralized structures as well as the potential for higher grade and extended mineralized structures identified through scout drilling and surface sampling.”
With shares trading near yearly lows and having done so for the past 3 months, $SGO is ready to make a big move in my opinion. As the Cerro Caliche project represents a massive opportunity for the company, I expect it’s only a matter of time before $SGO sees a huge spike in volume to spur some movement.
Shares of $SGO.V are currently trading at $.18 and the company is valued at an MCAP of $20.87 million.
https://ceo.ca/@nasdaq/sonoro-announces-closing-of-3000000-private-placement