Sonoro Gold Corp V.SGO

$SGO- Sonoro Gold

[maysilverstone]

$SGO holding steady at $0.28.
 

Sonoro Gold is a junior gold exploration and development company with properties in Sonora, Mexico- one of Mexico's leading mining states due to its low-cost available workforce, first-class infrastructure and pro-mining climate.
 

With a highly experienced management team, they plan to develop a heap leach pilot operation (HLPO) at their 1400-hectare flagship property, the Cerro Caliche gold project, and use the generated cash flow to fund further exploration/development programs.
 

They will focus on expanding the current resource by drilling 50,000 meters during 2020-2021, to test the exploration target of between 75,000,000 to 100,000,000 tonnes with grades potentially between 0.3 g/t to 0.5 g/t AuEqR.
 

Rising inflation and the weakened US dollar have supported gold prices, pushing above $1,900 per oz today (up 7.7% for the month). I'm very bullish on gold and expect prices to reach $2,000 soon. With a mc of only $28.66M, I'll be watching this junior mining company closely. 

[baystock1]

sold all my shares in Sonoro Gold and moved the proceeds into Magna Gold (MGR.V) which I think has comparable upside but with less downside risk, since they already have one cash flowing producing gold mine. They will use this cash flow to explore and develop another one to two mines in the next 2 years.