$SGO releases assay results from the final nine RC drill holes, completing Phase Three of its drilling program at the Cerro Caliche gold project, located in Sonora State, Mexico.
Results
Four of the drill holes cut the east side of Buena Suerte with drill hole SCR-264 intercepting 15.24 meters averaging 0.764 grams of gold per tonne, including 1.52 meters averaging 2.402 g/t Au.
Drill hole SCR-261 encountered continuous mineralization from the surface but intercepted an artisanal mine working at 19.81 meters. The rig was moved 6 meters and the hole was re-drilled as SCR-261B, which intercepted a total of 35 meters of gold mineralization, including 1.5 meters averaging 1.23 g/t Au.
Drill hole SCR-262 cut multiple intervals of gold mineralization totaling 52 meters from surface including 1.53 meters averaging 2.171 g/t Au.
Mel Herdrick, Sonoro’s VP of Exploration noted, “I am pleased that these latest drill holes show the area between the two gold bearing zones, which was previously considered barren, does in fact carry gold mineralization. It is a very encouraging ending for what has been a very effective drill program.”
Current MC is $27.64M.
More on the results
https://ceo.ca/@nasdaq/sonoro-gold-completes-phase-3-drill-program-and-moves