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Sonoro Gold Announces Letters of Intent to Acquire Adjacent Mineral Concessions to Further Expand the Cerro Caliche Gold Project
VANCOUVER, Canada, May 12, 2026 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to
About this update from Sonoro Gold Corp
[{"type":"text","content":" VANCOUVER, Canada, May 12, 2026 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that its wholly owned Mexican subsidiary, Minera Mar de Plata (“MMP”), has executed three binding Letters of Intent (the “LOIs”) with two residents of Sonora, Mexico (the “Vendors”) to acquire a 100% interest in 24 mineral concessions, and up to a 51% interest in five additional mineral concessions, located adjacent to the Company’s Cerro Caliche gold project in Sonora, Mexico. The Vendors are at arm’s length to the Company and to its associates and affiliates. Sonoro believes the acquisition is a strategic opportunity to potentially demonstrate the Cerro Caliche project as being part of a larger gold epithermal system, with wide-scale potential to host multiple mineralized zones. “This acquisition has the potential to build Cerro Caliche into a larger-scale gold mining project with multiple major mineralized zones stretching from the Agnico Eagle Santa Gertrudis deposit to the north down all the way to the Highlander Silver Mercedes Mine to the southeast,” said Kenneth MacLeod, Sonoro’s President and CEO. “Numerous exploration programs have been conducted across the new concessions resulting in multiple mineralized targets we plan to explore alongside the development of the proposed open pit, heap leach mining operation.” Under the two LOIs, MMP intends to acquire a 100% interest in an additional 24 mineral concessions over 5,025.21 hectares (ha) for total consideration of USD $6.0 million to be paid in installments over the next twenty months. In addition, MMP is assuming responsibility for the payment of outstanding mineral concession fees totaling approximately USD $990,000. The purchase consideration does not include the issuance of any securities, nor any grant of a royalty interest. Sonoro’s exploration team is reviewing extensive historical data from multiple exploration programs conducted over the past 30 years on and surrounding the new 24 mineral concessions. Soil and rock geochemical samples, surface and underground workings, drilling campaigns and geophysical surveys have been completed across the concessions’ various veins and mineralized structures. The Company expects the new concessions may host similar geological, structural and mineralized charact...