Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA:
23SP) (“Sonoro” or the “Company”) pleased to report assay results
from an additional 10 drill holes completed at its Cerro Caliche
gold project in Sonora, Mexico. Results reflect drilling conducted
at El Colorado and Buena Suerte gold mineralized zones where
intercepts include 1.52 meters averaging 9.57 grams of gold per
tonne (“g/t Au”), 28.95 meters averaging 1.021 g/t Au and 10.67
meters averaging 1.183 g/t Au. As with drilling results announced
on May 17, 2022, current intercepts are also situated outside of
the pit shells used to calculate the mineral resource estimate as
part of an updated Preliminary Economic Assessment (“PEA”)
announced May 9, 2022, for a proposed heap leach mining operation.
Highlights are as follows:
- SCR-313 intercepted 21.34m averaging
0.557 g/t Au, including 3.04m averaging 1.523 g/t Au.
- SCR-314 intercepted 3.05m averaging 1.185 g/t Au, including
1.52m averaging 2.19 g/t Au; and 7.62m averaging 0.72 g/t Au,
including 1.53m averaging 1.635.
- SCR-315 intercepted 10.67m averaging
1.183 g/t Au, including 1.52m averaging 3.27 g/t Au; and 4.57m
averaging 1.087 g/t Au, including 1.53m averaging 2.28 g/t Au.
- SCR-318 intercepted 1.52m averaging
9.57 g/t Au and 28.95m averaging 1.021 g/t Au; including 1.53m
averaging 2.07 g/t Au, including 3.05m averaging 2.706 g/t Au.
The map below illustrates the location of the
drill holes.
Figure 1: New Drill Holes at El Colorado and Buena
Suerte
https://sonorogold.com/wp-content/uploads/2022/05/20220525_Map-of-New-Drill-Holes.png
Results from seven additional drill holes completed
at the Abejas gold mineralized zone are still pending and will be
announced next month, concluding the Phase IV drilling program at
Cerro Caliche. Geological data from this latest drilling campaign
will be included in a further updated resource estimate scheduled
to be announced in the summer of 2022. The updated technical report
will also assess the potential economic impact of the new drilling
data on the proposed heap leach mining operation.
Mel Herdrick, Sonoro's Vice President of
Exploration, noted that “I continue to be encouraged by the results
of the Phase IV drilling campaign which has returned multiple
higher-grade intercepts and demonstrated resource growth potential
near surface and at depth. These latest assay intercepts also
indicate continued expansion of El Colorado and Buena Suerte
mineralized gold zones outside of the pit shells used to calculate
the resource estimate for the initial PEA. The potential expansion
will be confirmed in an updated resource estimate expected to be
completed over the next few months.”
Kenneth MacLeod, Sonoro’s President and CEO
stated, “With the updated mineral resource estimation potentially
demonstrating an increase in multiple gold mineralized zones at
Cerro Caliche, we are now reviewing the additional work involved to
incorporate the new data into an updated technical report on the
proposed mining operation. This has been a successful drilling
campaign and I look forward to sharing the final drilling results
with our shareholders.”
John Darch, Sonoro’s Chairman, added, “I am very
pleased with the latest results as they indicate a potential
increase in both the size and grade of the of the project’s oxide
gold mineralization. As announced when drilling resumed in November
2021, the objective of this drilling program was to expand the
resource and potentially improve the economics and mine life of the
proposed heap leach operation. We are becoming more optimistic that
we may meet this objective.”
El Colorado Gold
Mineralized ZoneFive drill holes were
completed at El Colorado extending mineralization approximately
30-meters along the northwestern side of the estimated resource pit
shell. Shallow gold mineralization was cut in all five drill holes
with drill holes SCR-313, SCR-314 and SCR-315 returning multiple
higher-grade intercepts.
Drill hole SCR-315 tested for a possible
extension of the mineralization contained within the northernmost
extent of the pit shell and beginning at 7.62 meters, it
intercepted 10.67 meters averaging 1.183 g/t Au, including 1.52
meters averaging 3.27 g/t Au and 4.57 meters averaging 1.087 g/t
Au, including 1.53 meters averaging 2.28 g/t Au.
Approximately 50 meters northwest of the
previously reported drill hole SCR-307, which intercepted 9.14
meters of 9.577 g/t Au, drill hole SCR-313 tested the outside
perimeter of the pit shell, intercepting 21.34 meters of 0.557 g/t
Au, including 3.04 meters of 1.523 g/t Au.
Figure 2: Drill Holes at El Colorado and Buena
Suerte
https://sonorogold.com/wp-content/uploads/2022/05/20220525_Map-of-Drill-Holes-at-Colorado-and-Buena-Suerte.jpg
Buena Suerte Vein System
Located approximately 300 meters east of El Colorado, five drill
holes extended the Buena Suerte vein system to the southwest with
drill holes SCR-318, SCR-319 and SCR-320 located immediately
outside the resource pit shell boundary.
Drill hole SCR-318 cut strong gold
mineralization intercepting 1.52 meters averaging 9.57 g/t Au and
28.95 meters averaging 1.021 g/t Au, including 1.53 meters
averaging 2.07 g/t Au, as well as 3.05 meters averaging 2.706 g/t
Au. Drill hole SCR-320 intercepted 4.57 meters averaging 0.851 g/t
Au, including 1.53 meters averaging 2.11 g/t Au.
Drill holes SCR-316 and SCR-317 are located
further south with assay results of only short uneconomic
intervals, possibly due to an unmapped fault having shifted vein
extensions to other positions.
The following table provides the assay results
for the complete list of reported drill holes:
Cerro Caliche Project, Holes Composites with Cut-off 0.15
g/t Au |
Hole |
Target |
|
From |
To |
Interval |
Au |
Ag |
AuEq |
meters |
g/t |
g/t |
g/t |
SCR-311 |
El Colorado |
|
19.81 |
22.86 |
3.05 |
0.423 |
2.70 |
0.435 |
and |
35.05 |
39.62 |
4.57 |
0.626 |
1.00 |
0.630 |
SCR-312 |
El Colorado |
|
10.67 |
16.76 |
6.09 |
0.209 |
3.20 |
0.224 |
SCR-313 |
El Colorado |
|
30.48 |
51.82 |
21.34 |
0.557 |
6.10 |
0.585 |
including |
36.58 |
39.62 |
3.04 |
1.523 |
15.60 |
1.594 |
and |
85.34 |
96.01 |
10.67 |
0.257 |
1.60 |
0.265 |
SCR-314 |
El Colorado |
|
3.05 |
6.10 |
3.05 |
1.185 |
1.80 |
1.193 |
including |
3.05 |
4.57 |
1.52 |
2.190 |
2.70 |
2.202 |
and |
68.58 |
70.10 |
1.52 |
1.075 |
5.70 |
1.101 |
and |
79.25 |
86.87 |
7.62 |
0.720 |
2.60 |
0.732 |
including |
80.77 |
82.30 |
1.53 |
1.635 |
1.70 |
1.643 |
SCR-315 |
El Colorado |
|
7.62 |
18.29 |
10.67 |
1.183 |
2.50 |
1.241 |
including |
15.24 |
16.76 |
1.52 |
3.270 |
33.90 |
3.426 |
and |
28.96 |
33.53 |
4.57 |
1.087 |
2.10 |
1.097 |
including |
32.00 |
33.52 |
1.53 |
2.280 |
4.70 |
2.302 |
and |
48.77 |
53.34 |
4.57 |
0.503 |
0.70 |
0.506 |
and |
88.39 |
91.44 |
3.05 |
0.230 |
0.50 |
0.232 |
and |
97.54 |
128.02 |
30.48 |
0.437 |
1.50 |
0.444 |
including |
108.20 |
111.25 |
3.05 |
1.138 |
1.90 |
1.146 |
including |
121.92 |
123.44 |
1.52 |
1.080 |
2.80 |
1.093 |
SCR-316 |
San Quintin |
|
9.14 |
13.72 |
4.58 |
0.262 |
0.30 |
0.264 |
and |
25.91 |
28.96 |
3.05 |
0.256 |
0.90 |
0.260 |
SCR-317 |
Buena Suerte |
|
53.34 |
56.39 |
3.05 |
0.296 |
1.90 |
0.304 |
SCR-318 |
Buena Suerte |
|
15.24 |
18.29 |
3.05 |
0.934 |
5.30 |
0.958 |
including |
15.24 |
16.76 |
1.52 |
1.445 |
8.40 |
1.484 |
and |
30.48 |
32.00 |
1.52 |
9.570 |
1.20 |
9.576 |
and |
51.82 |
80.77 |
28.95 |
1.021 |
1.20 |
1.027 |
including |
62.48 |
64.01 |
1.53 |
2.070 |
2.20 |
2.080 |
including |
70.10 |
73.15 |
3.05 |
2.706 |
2.40 |
2.717 |
SCR-319 |
Buena Suerte |
|
16.76 |
35.05 |
18.29 |
0.333 |
7.50 |
0.367 |
SCR-320 |
Buena Suerte |
|
13.72 |
21.34 |
7.62 |
0.339 |
5.60 |
0.365 |
and |
33.53 |
38.10 |
4.57 |
0.851 |
4.80 |
0.873 |
including |
35.05 |
36.58 |
1.53 |
2.110 |
8.00 |
2.147 |
and |
50.29 |
54.86 |
4.57 |
0.240 |
1.70 |
0.248 |
and |
57.91 |
60.96 |
3.05 |
0.181 |
0.20 |
0.182 |
Drill collar locations, azimuths and dips for
the drill holes included are provided in the table below
Drill Collar Locations (NAD 1927 UTM Zone
12N) |
Drill Hole |
Zone |
Easting |
Northing |
Elevation |
Depth (m) |
Dip |
Azimuth |
SCR-311 |
El Colorado |
536,130 |
3,364,461 |
1,260 |
112.78 |
-66 |
192 |
SCR-312 |
El Colorado |
536,088 |
3,364,474 |
1,273 |
82.30 |
-45 |
270 |
SCR-313 |
El Colorado |
536,102 |
3,364,587 |
1,322 |
100.58 |
-45 |
235 |
SCR-314 |
El Colorado |
536,140 |
3,364,621 |
1,327 |
121.92 |
-45 |
230 |
SCR-315 |
El Colorado |
536,165 |
3,364,651 |
1,321 |
131.06 |
-45 |
217 |
SCR-316 |
San Quintín |
536,625 |
3,364,517 |
1,286 |
100.58 |
-45 |
275 |
SCR-317 |
Buena Suerte |
536,632 |
3,364,579 |
1,241 |
100.58 |
-45 |
270 |
SCR-318 |
Buena Suerte |
536,579 |
3,364,703 |
1,280 |
83.82 |
-45 |
235 |
SCR-319 |
Buena Suerte |
536,538 |
3,364,701 |
1,286 |
82.30 |
-45 |
235 |
SCR-320 |
Buena Suerte |
536,495 |
3,364,817 |
1,359 |
121.92 |
-45 |
235 |
Quality Assurance/Quality Control
(“QA/QC”) Measures and Analytical
Procedures
Drill samples are collected with an airstream
cyclone and passed into a splitter that divides each sample into
quarters. The quartered samples are then bagged and sealed with
identification. The sample group has blanks, standards and
duplicates inserted into the sample stream.
ALS-Chemex collects the samples and transports
them directly to the preparation laboratory in Hermosillo, Sonora.
At the laboratory, part of each sample is reduced through crushing,
splitting and pulverization from which 200 grams is sent to the
ALS-Chemex assay laboratory in Vancouver. Thirty grams undergoes
fire assay for gold with the resulting concentrated button of
material produced is dissolved in acids and the gold is determined
by atomic absorption. Another quantity of the sample is dissolved
in four acids for an ICP multi-element analysis.
No QA/QC issues were noted with the results
received from the laboratory.
Geologic DescriptionCerro
Caliche is located 45 kilometers east southeast of Magdalena de
Kino in the Cucurpe-Sonora Mega-district of Sonora, Mexico.
Multiple historic underground mines were developed in the
concession including Cabeza Blanca, Los Cuervos, Japoneses, Las
Abejas, Boluditos, El Colorado, Veta de Oro and Espanola.
Mineralization types of the Cucurpe-Sonora Mega-district include
variants of epithermal low sulfidation veins and related
mineralized dikes and associated volcanic domes. Local altered and
mineralized felsic dikes cut the mineralized meta-sedimentary rock
units and may be associated with mineralization both in the dikes
and meta-sedimentary rocks.
Qualified Person
StatementStephen Kenwood, P.Geo., a Director of Sonoro, is
a Qualified Person within the context of National Instrument 43-101
(NI 43-101) and has read and approved this news release. Readers
are cautioned that the presence of mineralization in historic mines
adjacent to, or on, Cerro Caliche is not necessarily indicative of
economic gold mineralization residing in the concessions held by
the Company.
About Sonoro Gold Corp.Sonoro
Gold Corp. is a publicly listed exploration and development company
with two exploration-stage precious metal properties in Sonora
State, Mexico. The Company has highly experienced operational and
management teams with proven track records for the discovery and
development of natural resource deposits.
On behalf of the Board of Sonoro Gold Corp.Per: “Kenneth
MacLeod” Kenneth
MacLeod President
& CEO
For further information, please contact: Sonoro Gold Corp. -
Tel: (604) 632-1764 Email: info@sonorogold.com
This press release may contain "forward-looking
information" as defined in applicable Canadian securities
legislation. All statements other than statements of historical
fact, included in this release, including, without limitation,
statements regarding the Cerro Caliche project, and future plans
and objectives of the Company, constitute forward looking
information that involve various risks and uncertainties. Although
the Company believes that such statements are reasonable based on
current circumstances, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements
are statements that are not historical facts; they are generally,
but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects",
"aims", "potential", "goal", "objective", "prospective" and similar
expressions, or that events or conditions "will", "would", "may",
"can”, "could" or "should" occur, or are those statements, which,
by their nature, refer to future events. The Company cautions that
forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made and they involve a number of risks and uncertainties,
including the possibility of unfavorable exploration and test
results, the lack of sufficient future financing to carry out
exploration and development plans and unanticipated changes in the
legal, regulatory and permitting requirements for the Company’s
exploration programs. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law or the policies of the TSX Venture
Exchange. Readers are encouraged to review the Company’s complete
public disclosure record on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
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