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Sonoro Gold Files NI 43-101 Technical Report, Mineral Resource Estimate For Cerro Caliche Gold Project
VANCOUVER, Canada, March 27, 2023 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report
About this update from Sonoro Gold Corp
[{"type":"text","content":" VANCOUVER, Canada, March 27, 2023 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report the filing of a technical report for the Cerro Caliche gold project (“Cerro Caliche”) titled “NI 43-101 Technical Report: Mineral Resource Estimate, Cerro Caliche Project, Sonora, Mexico” (the “MRE”) with an effective date of January 26, 2023. The MRE Report has been prepared by SRK Consulting (U.S.) Inc. (“SRK”) in accordance with the requirements of National Instrument 43-101 and is based on a total 55,360 meters of drilled data including 498 drill holes, 17 trenches and assays for 53,865 meters of the drilled data, as reported in a news release dated February 7, 2023. Kenneth MacLeod, President and CEO, commented, “This is an important milestone in Cerro Caliche’s development. With only 30% of the property’s known mineralized zones drilled and assayed to date, the report once again highlights the intrinsic value of the project. The economic impact of the MRE on our proposed open-pit, heap leach mining operation will be disclosed in a subsequent technical report, expected to be filed by end of the second quarter in 2023.” Mineral Resource Estimate Highlights Indicated Mineral Resources of 19.9 million tonnes (“Mt”) at 0.44 g/t Au and 3.5 g/t Ag grade; Contains within an optimized pit shell: 280,000 ounces of gold (“Au”) 2,240,000 ounces of silver (“Ag”) 290,000 ounces of gold equivalent (“AuEq”) Inferred Mineral Resources of 10.5 Mt at 0.42 g/t Au and 4.0 g/t Ag grade; Contains within an optimized pit shell: 140,000 ounces of Au 1,345,000 ounces of Ag 150,000 ounces of AuEq 65% of the combined resource tonnage is within the Indicated category; Amenable to a combination of open pit mining and heap leach extraction. Mineral Resource Estimate This updated MRE Report for Cerro Caliche is based on data with a cut-off date of January 4, 2023 and is reported with an effective date of January 26, 2023, as shown in Table 1-1. Table 1: Cerro Caliche Project - Mineral Resource Estimate – 0.20 g/t AuEq Cut-off Grade1-7 Classification Tonnes Average Grade Metal Contents Au Ag AuEq Au Ag AuEq kt g/t g/t g/t (000s Oz) (000s Oz) (000s Oz) Indicated 19,900 0.44 3.5 0.46 280 2,235 290 Inferred 10,550 0.42 4.0 0.44 140 1,345 150 kt = thousand tonnes koz = thousand troy ounces...