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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 partystockeron Jan 02, 2022 3:29pm
172 Views
Post# 34277573

expecting prices to approach and test 50MA soon!

expecting prices to approach and test 50MA soon!

As volatility remains low on Sonoro Gold $SGO/$SGO.V’s charts I’m anticipating prices to approach and test the 50MA and reveal signs of a swing. 


The last time prices crossed over the 50MA, $SGO went on a solid 85% run. As shares are currently consolidating near previous resistance, established before the last bullish run, conditions are looking promising to see similar price action should the right news regarding $SGO’s Cerro Caliche Gold Project give a strong catalyst to push prices over the 50MA. 



$SGO has commenced the next phase of drilling in its planned 10,000-meter campaign at Cerro and is strongly anticipating a highly 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.”


Shares of $SGO are currently trading at $.165 and the company is valued at an MCAP of $20.87 million. 


https://ceo.ca/@nasdaq/sonoro-announces-closing-of-3000000-private-placement
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