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Bullboard - Stock Discussion Forum Sonoro Gold Corp V.SGO

Alternate Symbol(s):  SMOFF

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... see more

TSXV:SGO - Post Discussion

Sonoro Gold Corp > $2M non-brokered private placement!
View:
Post by waves1 on Jun 07, 2022 4:54pm

$2M non-brokered private placement!

Yesterday, Sonoro Gold ($SGO.v $SMOFF) announced a non-brokered private placement offering for $2,025,000! The net proceeds will be used to fund the ongoing development of a proposed heap leach mining operation at $SGO's Cerro Caliche Project in Sonora Mexico.

This news follows additional assay results from Cerro Caliche which demonstrate promising resource e growth potential near surface and at depth, as well as the continued expansion of mineralized gold zones outside of the resource estimate for the initial PEA.
https://sonorogold.com/archives/news/sonoro-gold-announces-2-million-private-placement
Comment by ROCKY9481 on Jun 07, 2022 8:50pm
Hey pumper, have you had a look at the 1, 6 and 12 month chart yet ? Or are you just praying for a miracle ? Tell me one reason why there should be a tunraround here and when this is supposed to happen. Then i may put the champagne in the fridge ....
Comment by waves1 on Jun 10, 2022 6:20pm
Not trying to pump, I'm only sharing some news. I don't have all the answers, I'm just watching it play out and sharing what I think it relevant. $SGO has hit high grade intercepts at the Cerro Caliche project and there is potential in the project IMO but for now it's a waiting game to see how the project develops. It's the same story that all junior miners face - it' ...more  
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