Sonoro Gold recently announced their discovery of material extensions of up to 750m at the Beuna Suerte and El Colorado zones. Of the 275 samples taken, 17 were used to assess the gold content, which returned 2.5-14.3 g/t Au sample grades.
A lot more technical and in-depth information in the article, so check it out: https://sonorogold.com/news/sonoro-reports-surface-sampling-exposed-multiple-vein-windows-over-750-meter-extension-to-buena-suerte-and-el-colorado-zones/
Pretty great news from $SGO as they continue to expand their operations and inch closer to the upcoming drilling program and eventually production.
- $SGO hopes to be in production very soon with an open-pit heap leach mining operation
- They’re currently undergoing a PEA (preliminary economic assessment), which will be completed this fall.
- The expected capacity of the mine (after the PEA is completed) is estimated to be around 15,000 tpd
With production and drilling imminent, a share price of $0.33 ($34M market cap) it's looking extremely undervalued here. So many catalysts to come as they continue moving along with their exploration and production plans! GLTA