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Sonoro Gold Reports Updated Mineral Resource Estimate At Cerro Caliche Gold Project
VANCOUVER, BC, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce an
About this update from Sonoro Gold Corp
[{"type":"text","content":" VANCOUVER, BC, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for the Cerro Caliche gold project in Sonora, Mexico. The MRE 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 59,500 meters of drilled data including 544 drill holes, 17 trenches and assays for 57,500 meters of the drilled data. An NI 43-101 technical report detailing the updated MRE will be completed and filed on SEDAR (www.sedar.com) within 45 days. Kenneth MacLeod, President and CEO commented, “We are very pleased to announce the MRE prepared by SRK Consulting which provides a comprehensive analysis of all the historical and recent drilling and trenching carried on Cerro Caliche to date. We are now evaluating the economic impact of the MRE on the project while we continue the permitting process.” John Darch, Sonoro's Chairman added \"We are delighted to reach this milestone as SRK's conclusions and recommendations align with Sonoro’s declared business plan and unwavering commitment to shareholders to advance Cerro Caliche to production. SRK’s resource estimate and suggested potential for expansion will assist us considerably as we work towards financing and building our proposed heap leach mining operation.” Mel Herdrick, Vice President of Exploration added “The SRK analysis and estimation of Cerro Caliche resources has been completed to very high standards so that Sonoro can move confidently forward with advancing the project towards production.” Mineral Resource Estimate Highlights Indicated Mineral Resources (cut-off of 0.20 g/t AuEq) 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 equivalent1 (“AuEq”) Inferred Mineral Resources (cut-off of 0.20 g/t AuEq) 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; An updated Preliminary Economic Assessm...