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Sonoro Metals Issues Revised Cerro Caliche Project Development Report
VANCOUVER, British Columbia, May 26, 2020 (GLOBE NEWSWIRE) -- Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO) (OTCQB: SMOFF) is pleased to report t
About this update from Sonoro Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, May 26, 2020 (GLOBE NEWSWIRE) -- Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO) (OTCQB: SMOFF) is pleased to report that it has published a revised version of its Cerro Caliche Project Development Report dated May 22, 2020 (the “Revised Report”). As disclosed in its press release of May 13, 2020, as a result of a review by the British Columbia Securities Commission, the Company withdrew an April 28, 2020 version of this project development report as it contained certain technical disclosures that did not comply with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The Revised Report, which is not a technical report as defined by NI 43-101 and should not be considered as such, has been updated to address those disclosure issues and is now available on the Cerro Caliche project page of the Company’s website:https://sonorometals.com/wp-content/uploads/2020/04/Cerro-Caliche-Project-Development-Report-2020-21-1.pdf Based on the methodologies and modelling set out in the Revised Report, the Company believes that the 50,000 meters of drilling planned for 2020 and 2021 will enable the Company to not only outline additional gold and silver mineralization where zones of mineralization are currently open in one or more directions, but also to evaluate 16 surface defined gold mineralized zones that have not previously been drill tested. Drilling will include both infilling the zones that were previously drilled as well as a large number of holes to test undrilled portions of the various mineralized trends along strike and at depth. The proposed drilling program has been designed to test the exploration target of between 75,000,000 to 100,000,000 tonnes with grades potentially between 0.3 g/t to 0.5 g/t AuEq. The potential tonnages and grades set forth in the analysis of geological potential are conceptual in nature, as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Good exploration potential exists in what has been interpreted to be the boiling zone, or favorable zone, which was better defined in the Revised Report. Analysis of higher grade chip samples taken by the Company over an area of 4 kms by 3 kms were restricted to el...