Sonoro Gold Corp.
Sonoro Gold Corp. (formerly, Sonoro Metals Corp., TSXV: SMO) is a junior gold exploration, development, and soon to be gold producer, with properties in the mining-friendly jurisdiction of Sonora, Mexico. The Company plans to develop a heap leach pilot operation (HLPO) at its flagship property, the Cerro Caliche gold project and utilize the generated cash flow to fund further exploration and development. Sonoro has a highly experienced management team of mining, business and finance professionals with a successful track record in discovery through to resource development and production.
Sonora State Production 2018*
*Source: INEGI, SGM
Cerro Caliche Gold Project, Sonora State, Mexico
Gold Mining District
Multiple Mineralized Zones
*An estimated Inferred mineral resource (at a 0.25 g/t AuEq cut-off grade) of 11.5M tonnes at an average grade of 0.5 g/t Au and 4.3 g/t Ag, containing 200,000 oz at 0.545 g/t AuEq.
Source: NI 43-101 Technical Report on Cerro Caliche dated July 26, 2019
2020/21 Timelines for Cerro Caliche
San Marcial Gold-Silver Project, Sonora State, Mexico
The 100% owned San Marcial project covers over 1,000 hectares and is located 30 km southwest of Cerro Caliche and 20 km east of Magna Gold’s San Francisco mine within the prolific Sonora-Mojave Megashear in Sonora State. The concessions surround the sites of the original mine workings of the San Marcial and Soledad mines that were active in the early 1900s. Both mine areas have yielded samples showing high-grade gold and silver mineralization, with broader low-grade zones of disseminated to stockwork forms of mineralization.
Management and Directors
John Darch, Chairman & Director
35 years experience in the identification, funding, exploration and development of mining and energy projects worldwide.
Kenneth MacLeod, President, CEO & Director
35 years experience as an entrepreneur, financier and executive officer in the resource sector worldwide.
Melvin Herdrick, P.Geo., VP Exploration
45 years experience, including Chief Geologist, Mexico for Phelps Dodge & VP Exploration for Pediment Gold Corp.
Jorge Diaz, Operations Manager, Mexico
49 years experience as a mining engineer in Mexico, including construction of the Mulatos Mine and La Colorada Mine.
Steve Kenwood, P.Geo., Director & Qualified Person
25 years mineral exploration experience with Cominco, Prime Exploration and Adrian Resources.
Salil Dhaumya, CPA, CMA, Chief Financial Officer
20 years financial and administrative experiences with public exploration companies and international subsidiaries.
Neil Maedel, Executive Director, Corporate Finance
Over 30 years experience in international venture capital financing for the natural resource sector.
Katharine Regan, Corporate Secretary
Over 25 years experience in generating Business Development Programs across multiple industries in both the private and public sectors.
James Taylor, Director
Over 35 years experience as an investment advisor; financing expertise in the natural resource sector and with venture companies.
Curtis Turner, Director
Over 15 years experience in business and finance; mergers and acquisitions, public reporting and operations, community and government relations
On January 19, 2021, Sonoro Gold Corp. announced the remaining assay results from its 2020 drilling campaign at the Cerro Caliche gold project in Sonora, Mexico. The 2021 drilling program is currently underway with approximately 50 additional RC and core holes expected to be completed by the end of the first quarter. The latest assays further support the Company’s consideration of the viability for a bulk mining heap-leach development proposal with a conceptual throughput of up to 20,000 tonnes per day (tpd).
On January 05, 2020, Sonoro Gold Corp. announced that the company reported continuing favourable results from eight reverse circulation (RC) drill holes at the premier Buena Suerte and Japoneses gold mineralized zones located in the central region of the Company’s Cerro Caliche gold project in Sonora State, Mexico.
Buena Suerte: zone extended and widened and remains open along strike. At Buena Suerte, five drill holes extended the zone 100 meters to the northwest and 50 meters to the southeast, increasing the total length along strike to approximately 600 meters:
On December 18, 2020, Sonoro Gold Corp. announced a very favourable results from its current stepout and infill drilling programs. The current programs have demonstrated a material expansion of several mineralized zones, most notably at Japoneses, Buena Suerte, Veta de Oro, El Rincon and El Colorado (see map below). Based on these results, the Company is revising the parameters for a planned Preliminary Economic Assessment (PEA) to assess the viability of Heap Leach Mining Operation (HLMO) by increasing the target conceptual capacity from 8,000 tonnes per day (tpd) to 20,000 tpd. It drilled 11.25 m of 1.08 g/t Au at Cerro.
On December 08, 2020 Sonoro Gold Corp. has released assay results from its continuing drilling program at the Cerro Caliche project in Sonora state, Mexico, confirming strategic extensions to several shallow gold mineralized zones in the northwest-central region of the concession. The company drilled 21 m of 1.13 g/t AuEq at Cerro.
On November 24, 2020, Sonoro Gold Corp. has released assay results from an additional 20 reverse circulation (RC) drill holes at its Cerro Caliche gold project in Mexico, include several of the best gold grade intercepts recorded to date on the property.
Buena Suerte Zone assay results highlights:
On November 18, 2020, Sonoro Gold Corp. announced that it has retained McClelland Laboratories Inc. to conduct independent metallurgical testing of the gold mineralization at the Cerro Caliche gold project in Mexico.