Spot gold prices have rallied over the past month, with rates surging to an all-time high of $2,350 per ounce. Amid the continuous rise in gold prices globally, the stocks, funds and futures related to the precious metal have also climbed.

Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) is a junior gold exploration, development, and soon to be gold producer, with properties in Sonora, Mexico. The company is in the final permitting stage to develop an initial 12,000 tonnes per day heap leach mining operation at its flagship property, the Cerro Caliche gold project.

Sonoro indeed has the five essential components to be a successful gold producer.

1. TEAM

A diversified, proven and success-driven management and technical team with  extensive expertise in the discovery, delineation and development of mineral deposits including 12 gold mining operations.

2. PROJECT

The flagship Cerro Caliche gold project is strategically located in Sonora State, Mexico, surrounded by several gold-silver mining operations, including Bear Creek Mining’s  Mercedes mine and Agnico Eagle’s advanced Santa Gertrudis project.

Exploration at Cerro Caliche includes 498 drill holes over 55,300 meters, confirming  a broadly mineralized low-sulphidation epithermal vein structure and over 25 northwest-trending gold mineralized zones along trend and near surface.

With only 30% of the property’s identified mineralized zones drilled and assayed to date, the Company filed an updated Mineral Resource Estimate (MRE) in March 2023. In October 2023, the Company filed a new Preliminary Economic Assessment (PEA),  demonstrating the potential viability for a 9-year open pit, heap leach mining operation.

3. COMPANY

Insiders hold over 26% of 189 million Issued and Outstanding shares and the Company boasts a strong retail shareholder base across Canada, USA, Germany and Switzerland.

4. BUSINESS PLAN

The Company maintains a clear business plan and execution strategy to bring Cerro Caliche into production to finance ongoing drilling campaigns designed to materially expand the project’s oxide gold resource.

5. FINANCING

Management continues to successfully secure financing including multiple over-subscribed non-brokered private placements totaling over CAD $23.2 million.

According to the Northern Miner, Mexico’s Supreme Court could strike down president’s mining reforms next week. Sonoro believes that securing a MIA to commence production will be soon. 

Invest in Sonoro now to seize the opportunity!