Company Profile 

CN Version (click here to Chinese Profile 点击此处 跳转中文翻译)

TSX listed Canadian-based dynamic gold and silver mineral exploration company. Owner of two gold and silver properties in the mining-friendly jurisdiction of Sonora, Mexico. Sonoro has a highly experienced management team of mining, business and finance professionals with a successful track record (12 copper and gold mines) in discovery through to resource development and production. The Company's current principal focus is the pursuit of a three-pronged exploration and development strategy for its Cerro Caliche Project.

Mineral Classification

Gold, Silver.

Gold Project Profile

Ø  Flagship Project: Cerro Caliche project

Ø  Location: Sonora State, Mexico.

Ø  Mining Method

    Open pit heap leach.

Ø  Mineral Resource

NI 43-101 inferred resource 201,000 oz AuEq at 0.545g/t. Near-surface oxide gold mineralization indicates a potential resource from 75 million  to 100 million tons of gold mineralization averaging 0.5 grams per tonne net (assuming a 70% gold recovery rate).

Ø  Exploration Status

 ü  NI-43-101 Technical Report completed in July, 2019 estimated inferred mineral resource (at a 0.25 g/t gold equivalent cut-off grade) of 11.5M tonnes at an average grade of 0.495 g/t gold and 4.3 g/t silver.

 ü  A Scoping Study for the planned Heap Leach Pilot Operation (HLPO) is underway and is expected to be completed by December of 2020.

 ü  Production planned to commence Q2, 2021 with throughput expanded from 3,360 TPD to 15,000 TPD to finally 60,000 TPD.

Ø  Three Pronged Strategy

• 1^st prong : mid August to late November, 6,000 meter, 20 holes drilling program to test potential for deeper high-grade gold between 150 and 350 meters depth;

• 2nd prong: late August to late 2021, 6,000 meter, 70-100 RC holes focused first on infill drilling shallow (surface to 100 meters deep) gold mineralization at the Japoneses zone with potential to triple the existing resource;

• 3rd prong: original HLPO in-house, combine the geological talents with the mine-building talents to be ready for construction by mid 2021.

Ø  Financial Performance

$8 million financing announced on August 12th, 2020.

Ø  Investment Highlights

Results from drilling and field work, show exploration potential of mapped shallow oxide gold mineralization to be between 75,000,000 to 100,000,000 tonnes with grades potentially between 0.3 g/t to 0.5 g/t AuEq. Additionally there is potential for high grade gold zones to exist at depth as indicated by the Cerro Caliche's geology and the Mercedes mine which shares the same epithermal system. Average mine-mill grades at the Mercedes mine have ranged between 3 and 6 grams/tonne gold with up to 100 grams/tonne silver, this can be encouraging because Cerro Caliche shares several similarities with the geology at the Mercedes mine site which indicate the potential for Mercedes-style zones of high-grade gold mineralization to exist there.

“The reason for my optimism was Sonoro’s plan to earmark USD $1 million of the desired financing for a core drilling program that would systematically assess the deeper potential of the structural trends within Cerro Caliche. This in situ resource of 182,000 ounces gold is small, but collectively the various zones within Cerro Caliche have an open pittable oxidized tonnage footprint in the range of 75-100 million tones.”

Commented by John A. Kaiser, an independent researcher

Company Requirement: Seek for EPC & finance investment partners.

Contact Information: MiningComm Platform

Attachment Download: Company Presentation and Reports

Company Website: https://sonorometals.com 

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