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Sonoro Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 408 – 470 Granville Street,
Vancouver, BC
Canada V6C 1V5
Tel No.: (604) 632-1764
Web Site: www.sonorogold.com
E-mail: info@sonorogold.com
Contact Person: Brandon Kolybaba
Position: Head of Marketing


Company Data

Traded Market: TSX-V | OTCQB
Traded Symbol: SGO | SMOFF
Outstanding Shares: 85,077,285
52 Week High: $ 0.34
52 Week Low: $ 0.07
Present Price: Click Here


Introduction

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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.

Mexico

  • 8th Global Gold Producer
  • 1st Global Silver Producer

Sonora State

  • 500 years of mining history
  • Low Political Risk Jurisdiction
  • Mining friendly – rapid permitting
  • Excellent Infrastructure and technical expertise
  • Skilled Workforce
  • Hermosillo: Technological center with Ford auto assembly plant

Sonora State Production 2018*

  • 38% of Mexico’s Gold Output
  • 1.9 Moz. Gold Production
  • 9% of Mexico’s Silver Production
  • 21 Moz. Silver Production

*Source: INEGI, SGM


Projects in Hand

Cerro Caliche Gold Project, Sonora State, Mexico

Location

  • 3 hrs north of Hermosillo; 3 hrs south of Tucson, AZ

Gold Mining District

  • Premier Gold’s Mercedes gold mine
  • Goldgroup’s Cerro Prieto open-pit gold mine
  • Agnico Eagle’s Santa Gertrudis gold project

Concession

  • 100% interest in 1,400 ha. within private ranch
  • Mineralized structures cover entire concession
  • 23,000 m of drilling completed to 2019
  • 50,000 m core and RC drill program launched September 2020
  • 17 high-priority mineralized structural vein zones at surface
  • Potential for open pit, heap-leach, low-strip ratio gold mine

Geology

  • Large area of low sulfidation epithermal mineralization

Multiple Mineralized Zones

  • Japoneses Zone
    • Location of most of the 200,000 oz inferred resource grading 0.545 g/t AuEq*
  • 8+ partially drilled zones
    • Similar grades to Japoneses Zone
    • Tighten drill spacing to determine resource

*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

  • Complete 4,000 m core and 7,000 m RC drilling
  • Infill and step-out drilling to expand inferred resource and explore for high grade gold and silver in vein zones
  • Submit Application for Mining License
  • Complete metallurgical testing
  • Update NI 43-101 Technical Report on Resource
  • Complete Preliminary Economic Assessment
  • Finalize Engineering for Mining Development
  • Obtain Mining License
  • Commence Mine Construction
  • Initiate Commercial Production

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.

Company Highlights

  • Canadian junior public exploration and development company
  • Planning for commercial production in Q4-2021
  • Highly experienced management team in resource finance, development and operations
    • Asia Pacific Resources
    • Western GeoPower Corp.
    • Crew Development Corp.
  • Highly experienced exploration team with proven track record in mineral discovery
    • La Colorada (Pediment-Argonaut)
    • San Antonio (Pediment-Argonaut)
    • Chipriona (Sonoro-Agnico Eagle)
  • Owns precious metals properties in the major mining districts of Sonora, Mexico
    • Cerro Caliche Gold Project
    • San Marcial Gold & Silver Project


Management

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


News Update

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:

  • SCR-141 intercepted 3.05 m averaging 1.479 g/t Au, including 1.52 m averaging 2.591 g/t Au
  • SCR-142 intercepted 7.62 m averaging 1.322 g/t Au and 12.19 m averaging 0.965 g/t Au
  • SCR-143 intercepted 12.19 m averaging 0.687 g/t Au, including 1.52 m averaging 1.741 g/t Au
  • SCR-148 intercepted 27.44 m averaging 1.170 g/t Au, including 3.05 m averaging 4.696 g/t Au
  • SCR-149 intercepted 12.19 m averaging 0.498 g/t Au from a depth of 4.57 m

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:

  • Hole SCR-109: 45.72 metres averaging 0.97 g/t Au, including 15.24 metres averaging 2.1 g/t Au.
  • Hole SCR-124: 6.09 metres averaging 3.99 g/t Au, including 3.04 metres averaging 7.80 g/t Au.
  • Hole SCR-127: 10.67 metres averaging 0.96 g/t, including 1.52 metres averaging 2.81 g/t Au.

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.


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