Sonoro Gold CEO shares funding success amid turbulent markets

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[{"type":"text","content":"Sonoro Gold CEO shares funding success amid turbulent markets\n \n \n (NewsDirect)\n \n \n \n \n Sonoro Gold Corp President and CEO Kenneth\nMacLeod discusses recent financing success amid challenging market\nconditions in an interview with Proactive's Stephen Gunnion.\n \n \n Following the second tranche of a\nnon-brokered private placement, the company has secured over $2\nmillion in funding, signaling investor confidence despite market\nturbulence. The ongoing financing drive aims to reach a total of $3\nmillion by the end of August.\n \n \n MacLeod emphasized that a significant portion of the funds has\nbeen subscribed by insiders, a reflection of their strong belief in\nthe company's potential.\n \n \n Sonoro\nGold is focused on advancing its proposed heap leach mining operation\nat Cerro Caliche. Key milestones include obtaining approval for the\nEnvironmental Impact Statement and updating the preliminary economic\nassessment (PEA) to reduce project costs. MacLeod anticipated a clear\noutlook within 30 days regarding the Environmental Impact Statement.\n \n \n The CEO outlined a multi-phase strategy, initially targeting\n420,000 ounces of mineralization within pit shells, with potential\nexpansion up to 700,000 ounces through infield drilling. The raised\ncapital is earmarked for project financing, permitting, construction,\nand resource expansion.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Canada\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1996,"tagName":"div"}]

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