Sonoro Gold Corp is a microcap gold play that has promising projects under their belt with operations in Sonora, Mexico. Earlier this quarter, they completed drill assays at their Cerro Caliche project, showing promising results with potential mineralizations at 19,250,000-34,370,000 of which 204K to 365K is gold.
According to their updated PEA, updated mineral resource estimates are at: 0.207 g/t Au Cutoff include Inferred Mineral Resources of 71K oz Au @ 0.40 g/t Au grade. Potential mineralization 19.2M-34.3M t ~300k Ag & ~2M Au
Following those results, they also announced a private placement of $3.6M funding additional operations.
You can watch this short video from the Sonoro YouTube channel which gives a drilling update as work continues at the 1,400 ha property in the Cerro Caliche project, located in the premier mining destination of Sonora.
https://www.youtube.com/watch?v=bqIwpld2UvE&ab_channel=SonoroGold
Another solid analysis can be found on WallstreetWindow about the recent PP for SGO
$SGO.v $SMOFF
$SGO.V announced that Cerro Caliche Gold Project contains 332,500 ounces of gold equivalent.
watch this video where Ken MacLeod, president and CEO of Sonoro Gold discusses the project and extending the mine's life: https://www.youtube.com/watch?v=brKeHrivRwU&t=12s
td, $SGO.V trading at $0.17 with market cap at $17.44 M
if you're looking for updates on $SGO.V 's Cerro Caliche Project, I highly recommend you check out this page put together by $SGO https://sonorogold.com/archives/projects/cerro-caliche
this is also a good resource to learn more about the equipment used at the project, the geology of the area, the team working there and a lot more.
td, $SGO.v trading at $0.165 with market cap at $16.93 M
โCrucial PEAย highlights include, among others: Pre-tax net present value of US$68.7 million, 7 years Life of Mine (LOM) producing 323,500 ounces (oz) of gold equivalent (AuEq), and All-In Sustaining Cost (AISC) of US$1,351/oz AuEq.โ
$SGO.v just announced two days ago 10,000 meter drilling at the flagship Cerro Caliche Mine expected to share their updated resource estimate Sept 15, 2021. The drilling program will take up to six months.
$SGO.v / $SMOFF has been a really strong play, trading at $0.2 a share with a MC of Cad $20M
$SGO.V is planning to execute a $3.6 million private placement to fund the drilling. The placement will consist of 20 million units at a price of $.18. Each unit will contain one share and one purchase warrant for $.30.
$SGO is currently continuing to stabilize around $.19. Iโm waiting for some news or other indicators to provide a catalyst to see some movement. The 50 day RSI is at an all time low so I think we will be looking at a bullish trend reversal should prices start to move strongly.
$SGO is currently trading at $.18 and the company is valued at $18.47 million.
Following their Q3 update that announced drilling soon, $SGO $SGO.v recently announced a 10,000m drilling campaign that will have a projected capacity of up to 15,000 tonnes per day.
- Drilling will resume from their previous work in May (will last 6 months)
- Focus = expanding mineralized zones + higher-grade, near surface zones
- Goal = generate cash flow +increase the project's potential
Love seeing the progress at Cerro Caliche coming along, looks like they have a solid plan ahead of them.
Sonoro Gold Corp. ($SGO $SGO.v $SMOFF) is a gold exploration, gold development, and a near-term gold producer with land in Sonora, Mexico.
Found this great presentation from $SGO'sย CEO MacLeod from the Metals Investor Forum in Sept 2021 regarding the Cerro Caliche Project: https://www.youtube.com/watch?v=mlUY83dDsRs&ab_channel=MetalsInvestorForum
The PEA results for Cerro Caliche were previously announced but to summarize the highlights are:
- Pre-tax NPV of $68.7M and an IRR of 52.7%
- After-tax NPV of $41.5M & IRR of 32.4%
- Price of $1,750 per ounce of gold & $22.00 per ounce of silver
- 7 years Life of Mine producing 323,500oz of gold equivalent
- Gold recovery of 74% and silver recovery of 27%
Plus, $SGO has since announced the intention to resume drilling at the Cerro Caliche Project
- 10,000 meter reverse circulation drilling campaign
- Proceed alongside the proposed development of a heap leach mining operation with a projected capacity of up to 15,000 tonnes per day.
- 6-month drilling program to focus on expanding the projectโs oxide gold mineralization
Trading at $0.185 with a MC of $18.98M, $SGO has tons of potential IMO; while mining projects take time to start producing revenue,ย its Cerro Caliche project is quite promising and seems to be worth the wait.
https://i.redd.it/bn1jde2tsty71.gif
Here is the updated Mineral Resource Estimate completed on the Companyโs Cerro Caliche gold project located in Sonora State, Mexico.
โDue to the inadvertent inclusion of certain tax and depreciation expenses in its calculations, the Company reported the AISC to be US$489.3 million LOM, and US$1,462 per ounce (โoz.โ) of gold equivalent (โAuEqโ). The corrected amounts, as reported in the table below, are US$437 million LOM, and US$1,351 per oz. AuEq.โ
https://preview.redd.it/4se16tirzxn71.jpg?width=980&format=pjpg&auto=webp&s=f88ef88087ad0319178cc761d09476d4ffe8caf2
closing up 2.4% today at $0.21 a share with a market cap of $21M check out $SGO.v / $SMOFF
Testing was done in McClelland laboratories in Nevada, over 4,700 kilograms of mineralized material was tested. Column leach test gold recovery obtained at the 80% minus 12.5 mm feed size averaged 74% over approximately 90 days.
To quote the article here are the key findings:
* All of Cerro Calicheโs 43 variability composites and nine column composites contained little or no sulfur and little or no organic carbon with no signs of refractory behavior or preg-robbing observed during testing.
* Column testing on nine major composites confirmed heap leach amenability at both minus 50mm and 80% minus 12.5 mm feed sizes.
* No solution percolation, fines migration or solution channeling problems were encountered with little to no โslumpingโ of ore charges occurring during leaching.
Highlights as well include:
* Head screen analyses showed that the column composites contained between 0.19 grams of gold per tonne (โg/t Auโ) and 1.54 g/t Au with an average of 0.58 g/t Au average.
* Average silver grade for the column test composites was 5 grams of silver per tonne (โg/t Agโ) and owing to the low silver grade nature of the composites and low recoveries silver recovery data is considered semi-quantitative.
https://ml.globenewswire.com/1.0/snippet/928/eng#lg=1&slide=0
โWe are pleased that the average recovery rate obtained from these definitive tests exceedsย the projected 72% recovery rate used in the Companyโs July 26, 2019, NI 43-101 Technical Report1ย which provided the projectโs maiden mineral resource estimate.ย Weโre also pleased that the tests demonstrate similar positive metallurgical recoveries across the entire resource area.โ Stated Kenneth Macleod president and CEO of $SGO.v / $SMOFF
Really stoked on these results its great news for $SGO.v / $SMOFF shareholders seeing a tiny dip today but im not worried after news like this Iโve got a good feeling its about to pop off IMO.
$SGO.v / $SMOFF at $0.29 a share $29.7M market cap
Andile Tomelo (Black Caliche):
Abilities: Gravitational Matter Manipulation
Unit: MVP
Foible: Mental Issues
Strategy: 5/10
Intelligence: 6/10
Threat Level: 9/10
Social Skill: 5/10
Intimidation: 8/10
Heroism: 7/10
Fame: 120
Estaba enseรฑado a mi รฑina de 7 aรฑos todos los nombres que yo conosco en caliche y me quede sorprendida que poquito yo se. Aparte de tenguereche, taquazin, papalotes, y chucho, no creo que se mas. Alguien saben mas nombres que nosotros salvatruchos decimos?
if you're looking for updates on $SGO.V 's Cerro Caliche Project, I highly recommend you check out this page put together by $SGO https://sonorogold.com/archives/projects/cerro-caliche
this is also a good resource to learn more about the equipment used at the project, the geology of the area, the team working there and a lot more.
td, $SGO.v trading at $0.165 with market cap at $16.93 M
$SGO.V announced that Cerro Caliche Gold Project contains 332,500 ounces of gold equivalent.
watch this video where Ken MacLeod, president and CEO of Sonoro Gold discusses the project and extending the mine's life: https://www.youtube.com/watch?v=brKeHrivRwU&t=12s
td, $SGO.V trading at $0.17 with market cap at $17.44 M
Sonoro Gold Corp. ($SGO $SGO.v $SMOFF) is a gold exploration, gold development, and a near-term gold producer with land in Sonora, Mexico.
Found this great presentation from $SGO'sย CEO MacLeod from the Metals Investor Forum in Sept 2021 regarding the Cerro Caliche Project: https://www.youtube.com/watch?v=mlUY83dDsRs&ab_channel=MetalsInvestorForum
The PEA results for Cerro Caliche were previously announced but to summarize the highlights are:
- Pre-tax NPV of $68.7M and an IRR of 52.7%
- After-tax NPV of $41.5M & IRR of 32.4%
- Price of $1,750 per ounce of gold & $22.00 per ounce of silver
- 7 years Life of Mine producing 323,500oz of gold equivalent
- Gold recovery of 74% and silver recovery of 27%
Plus, $SGO has since announced the intention to resume drilling at the Cerro Caliche Project
- 10,000 meter reverse circulation drilling campaign
- Proceed alongside the proposed development of a heap leach mining operation with a projected capacity of up to 15,000 tonnes per day.
- 6-month drilling program to focus on expanding the projectโs oxide gold mineralization
Trading at $0.185 with a MC of $18.98M, $SGO has tons of potential IMO; while mining projects take time to start producing revenue,ย its Cerro Caliche project is quite promising and seems to be worth the wait.
https://i.redd.it/ea8krc1rsty71.gif
