Sonoro Gold Corp V.SGO

Alternate Symbol(s): SMOFF

Metals & Mining Gold

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

Sonoro Gold Corp

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Post by JasleenDhakaon Apr 21, 2023 6:48pm

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Post# 35408205

Sonoro to Commence Production Next Year

It looks like the company is aiming to commence production next year. The report highlights that Sonoro has completed an updated resource estimate for its Cerro Caliche gold project in Sonoro, Mexico. While the resources remained flat at 440 Koz AuEq, the grades increased by 7% to 0.45 gpt, which could potentially lead to lower operating expenses.

What's even more interesting is that there is potential for resource expansion as only 30% of the property's known mineralized zones have been tested. Management is also working on completing an updated Preliminary Economic Assessment (PEA) by Q2-2023, and with the higher grades in the updated resource estimate, stronger economics are expected from the updated PEA. The previous PEA completed in 2022 had returned an AT-NPV5% of US$54M and an AT-IRR of 46%, using US$1,750/oz gold. Plus, the project can be advanced to production at a relatively low CAPEX of US$26M.

There are some upcoming catalysts to watch out for, including the updated PEA, near-term production potential, and project financing.

For more detailed information, we encourage readers to check out the full report: https://www.researchfrc.com/sonoro-gold-corp-tsxv-sgo-otcqb-smoff-aiming-to-commence-production-next-year-final-report/

*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.

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