- Sonoro Gold (SGO) is retaining SRK Consulting to assist with an updated mineral resource estimate
- The MRE is for the Vancouver company’s Cerro Caliche Gold Project in Sonora, Mexico
- The updated resource is to incorporate an additional 7,200 metres of drilling, which was completed in May 2022
- That drilling returned multiple higher-grade gold intercepts and demonstrated the expansion of several known mineralized gold zones within the concession
- Sonoro Gold is down 4.55 percent, trading at $0.10 at 9:50 a.m. ET
Sonoro Gold (SGO) is retaining SRK Consulting to assist with an updated mineral resource estimate.
The MRE is for the Vancouver company’s Cerro Caliche Gold Project in Sonora, Mexico.
The updated resource is to incorporate an additional 7,200 metres of drilling, which was completed on the project in May 2022. That drilling returned multiple higher-grade gold intercepts and demonstrated the expansion of several known mineralized gold zones within the concession.
The economic impact of the updated MRE on a proposed seven-year heap-leach mining operation will be addressed in a further technical report following completion of the MRE.
“The resource estimate is being updated now in connection with our ongoing work to secure project financing. We continue to successfully proceed through the environmental permitting phase to facilitate our primary strategy of launching Cerro Caliche into production,” said Sonoro President and CEO Kenneth MacLeod.
Over 55,000 meters of drilling have been completed at Cerro Caliche, confirming a broadly mineralized low-sulphidation epithermal vein structure and multiple northwest-trending gold mineralized zones along trend and near-surface. To date, just over 30 percent of the 1,400-acre property has been mapped and assayed.
“We are pleased to have engaged the services of SRK Consulting due to their extensive experience with mineral resources and operating mines in the near vicinity of Cerro Caliche,” said Sonoro Chairman John Darch.
Sonoro Gold is down 4.55 percent, trading at $0.10 at 9:50 a.m. ET.