- Sonoro Gold (SGO) announced drill results from its Cerro Caliche gold project in Mexico
- The company drilled 74.67 meters of 0.605 grams per tonne
- Results continue to show the potential coalescence of the Japoneses and Buena Suerte zones
- The drill results also increase the potential for a single pit of 3 zones of shallow oxide gold mineralization
- Shares of Sonoro Gold dipped 2.56 per cent to close at C$0.19
Sonoro Gold (SGO) has reported drill results from its Cerro Caliche project in Sonora, Mexico.
Drill results came from the company's recently completed strategic drilling done at the Buena Suerte gold mineralized zone in addition to the adjacent Buena Vista extension of the Japoneses zone.
An additional drill hole was also completed at the northern extension of the Japoneses zone while two more drill holes were completed at the El Colorado gold mineralized zone.
In total, the company drilled 74.67 meters of 0.605 grams per tonne from 12 reverse circulation drill holes.
Some of the drilling highlights include:
- Drill hole SCR-223 in the northwestern extension of Buena Suerte intercepted 74.67 metres, averaging 0.605 g/t Au including three intervals of 1.52 meters averaging up to 3.677 g/t Au;
- Drill hole SCR-222 in the Buena Vista northwest extension of Japoneses intercepted 15.24 meters averaging 2.039 g/t Au including 6.1 meters averaging3.150 g/t Au;
- Drill hole SCR-227 in the northern extension of Japoneses intercepted 3.05 meters averaging 1.743 g/t Au including 1.53 meters averaging 2.538 g/t Au
The results indicate the potential for the Japoneses and Buena Suerte zones to merge together.
Drilling results continue to demonstrate the potential merging of the Japoneses and Buena Suerte zones with results from the Buena Vista extension suggesting the potential of all three zones combining into a single body of shallow, oxide gold mineralization.
Should this be confirmed, a single larger gold mineralized zone of roughly 650 metres in width by 700 metres in length could show the potential to have significant economic implications for the company's proposed Heap Leach Mining Operation (HLMO).
Headquartered in Vancouver, Sonoro Gold is a junior gold exploration and development company with its eyes on becoming a gold producer in the very near future.
In order to advance the HLMO, the company entered into several memorandums of understanding with three China-based EPC companies in order to finance and develop the HLMO.
Due to COVID-19 restrictions, however, the company is seeking alternative plans to advance the HLMO with experts in Mexico.
Following the company's announcement on Monday, shares of Sonoro Gold dipped 2.56 per cent to close at C$0.19.