TSXV:SGO - Post Discussion
Post by
boogawooga8558 on Apr 21, 2022 6:56pm
Great hits. Mineralization extended & grades increasing!
Subtle but strong news release for Sonoro Gold ($SGO.v $SMOFF) That will positively Affect the Economics & PEA. A Few Key Points:
News Release:
https://sonorogold.com/archives/news/sonoro-gold-reports-high-grade-intercepts-at-cerro-caliche-including-10-67-meters-of-9-02-grams-of-gold-per-tonne - 3 zones were targeted for drilling
- Mineralization was extended in all zones (depth and/or strike)
- Good intercepts (Width & grade). High-gold intersected in multiple holes such as 10.67m averaging 9.02 g/t Au; including 6.10m averaging 15.56 g/t Au
- The 2021 PEA had a M&I resource of 349,000 oz gold at grade of 0.41g/t Au & Inferred resource of 71,000 oz at 0.40 g/t Au. All of these grades listed below are HIGHER than the grading in the PEA
With strike & depth expanding along with grades increasing, there is no doubt in my mind economics will continue to look more attractive and mine life extended. The development of the heap leach operation is expected to be in development later this year.
Whats your thoughts?
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