$SGO Showing High Confidence In Cerro Caliche Project I’m keeping a close eye on Canadian junior miner Sonoro Gold $SGO/$SGO.V as the company has commenced the next phase of drilling in its 10,000 meter campaign at the Cerro Caliche Project in Sonora, Mexico.
With leadership anticipating a successful completion of the program, this represents a massive opportunity for the company. Proof of this confidence recently came in the form of a $3 million dollar round of private funding for $SGO, with 18% of the gross proceeds coming directly from officers and directors of the company.
As shares of $SGO have been consolidating around a price of $.18 since October, it is really just a matter of time before the right catalyst sends prices running back up to previous highs of $.35 (+101% from the current price).
$SGO is currently trading at $.175 and is valued at an MCAP of $20.87 million.
https://ceo.ca/@nasdaq/sonoro-announces-closing-of-3000000-private-placement