The sensational hit series lasts: Sonoro Gold (WKN A2QCST / TSXV SGO) has proven gold mineralization in each of the 20 most recent backwash holes on the Cerro Caliche project – including some of the best drill results ever on the Mexico property!
With the most recent drilling announced, Sonoro has successfully expanded not only the northwest, but also the southeast extension of the higher grade mineralization of the now 450 meter long Buena Suerte Zone, but also extended strike of the Japoneses ore body. The latter now has a continuous strike length of 1.3 kilometers! No wonder the Company believes these drill results will help significantly increase the existing resource at Cerro Caliche (201,000 ounces gold) – particularly the higher grade Buena Suerto Zone.
Excellent drilling results
Because there Sonoro encountered 45.72 meters with 0.97 g / t gold from a depth of 3.05 meters, including 15.24 meters with 2.1 g / t gold and 6.09 meters with 3.99 g / t gold including 3.04 meters of 7.80 g / t gold and an average of 0.96 g / t gold over 10.67 meters, of which 1.52 meters of 2.81 g / t gold.
The drilling in the Buena Vista Zone, in turn, confirmed that it is the uninterrupted, northwestern extension of the Japoneses Zone – and remains open to the northwest. Multiple intercepts of mineralization demonstrated mineralization to a depth of 80 meters which could potentially be expanded. Here Sonoro pierced among other things:
– 12.19 meters with 0.94 g / t gold, of which 6.1 meters with 1.47 g / t gold,
– 27.43 meters grading 0.48 g / t gold and
– 19.81 meters grading 0.57 g / t gold including 1.53 meters grading 2.34 g / t gold.
In addition, on the northernmost extension of the Japoneses Zone at El Boludito, 1.52 meters grading 2.26 g / t gold and 34.5 g / t silver was encountered. The Cuervos Zone on the southern extension of Japoneses continues to show strong mineralization including 3.05 meters grading 1.12 g / t gold.
So far, Sonoro Gold has completed a total of 44 backwash drill holes in 2020, with which the near-surface gold mineralization on Cerro Caliche is to be determined and, above all, expanded. Now, including today’s results, results have been obtained from 32 holes, each of which encountered gold. Another 20 to 25 such backwash wells are expected to be completed by mid-December. The results of all drilling to date will then be incorporated into a new technical report in accordance with Canadian NI 43-101, due to be published in the New Year.
According to Sonoro’s VP Exploration Melvin Herdrick, the drill holes that Sonoro will include in the new resource estimate will also include the core drill holes that have already been initiated and are investigating the depth potential of Cerro Caliche. After reinterpreting the extensive data on the project during the corona lockdown earlier this year, Sonoro’s technical team identified this chance for high-grade gold mineralization, which is now being tested.
John Darch, Chairman of Sonoro also stated that the observed increase in gold grades and the substantial thickness of the mineralized intercepts had increased management’s confidence in the feasibility of the planned 8,000 tonnes per day mining, which was already carried out in the December 2012 should begin. Mr. Darch also sees confirmation of the long-term goal of significantly expanding the size of the ore body and the planned mine by successfully exploring and developing the property in the future.
Understanding that the team at Sonoro Gold (WKN A2QCST / TSXV SGO) from his Cerro Caliche project is obviously extremely high considering that 107 drillings to date have always (!) found gold. Now that the company, with its coffers full, has been able to expand its activities considerably compared to the last few years, which have been tough for the entire industry, the successes are also showing in ever faster succession. If the deep wells also meet the expectations that the Sonoro team has of them, this could draw more attention from investors to the company. Investors who have already recognized that good money can be earned with low gold content under the right circumstances would then, in our opinion, have an advantage.
We keep the readers of GOLDINVEST.de up to date on how things are going with this risky but in our opinion extremely promising company.
Subscribe to our free newsletter: https://goldinvest.de/newsletter
Follow us on Twitter: https://twitter.com/GOLDINVEST_de
Risk notice: GOLDINVEST Consulting GmbH publishes comments, analyzes and news on https://goldinvest.de. This content is intended solely for the information of the reader and does not represent any kind of call for action, neither explicitly nor implicitly are they to be understood as a guarantee of possible price developments. Furthermore, they are in no way a substitute for individual, expert investment advice and represent neither an offer to sell the stock (s) in question nor an invitation to buy or sell securities. This is expressly not a financial analysis but a promotional one / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here act entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, as our information only relates to the company, but not to the reader’s investment decision.
In accordance with Section 34b WpHG and Section 48f Paragraph 5 BörseG (Austria), we would like to point out that GOLDINVEST Consulting GmbH and / or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares in Sonoro Metals and that there is therefore a conflict of interest. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time. In addition, GOLDINVEST Consulting GmbH is remunerated by Sonoro Metals for reporting on the company. This is another clear conflict of interest.
Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizably posted by third parties in the “News” area of this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.