VANCOUVER, British Columbia, March 05, 2019 (GLOBE NEWSWIRE) — Sonoro Metals Corp., (TSXV:SMO | OTCQB:SMOFF | FRA: 23SP), (“Sonoro” and the “Company”), today announced that its Phase two drilling campaign at its 1,400-hectare Cerro Caliche project in the Cucurpe Mining District of Sonora State, Mexico has commenced. Phase two follows a highly successful Phase one drilling program which was completed in January 2019 and is the continuation of the Company’s overall 10,000 meter drilling program which was initiated in October 2018. The Phase two drilling program is to consist of approximately 5,000 meters of reverse circulation drilling and take approximately 4 months to complete, complementing the recently-completed 45-hole Phase one program, which produced 4,604 meters of drilling.
Results from Phase one confirmed a series of eight northwest trending gold-dominant structures surrounded by parallel sheeted veinlets and stockwork veinlets. The drilling further demonstrated shallow, low grade, bulk tonnage gold mineralized zones in supergene oxidized sedimentary and igneous rock units. Subject to further metallurgical confirmation, the gold mineralized zones appear amenable to heap leach extraction of precious metals with deep oxidation. The average gold grade of intervals reported was 0.55 g/t which, in addition to being shallow, oxide and potentially heap leachable, suggests the Cerro Caliche mineralized zones are comparable with other nearby gold deposits currently being mined.
“We are excited to commence Phase two and build on the success of Phase one as we further assess whether Cerro Caliche will be amenable to the development of a heap leach extraction operation,” stated Kenneth MacLeod, President & CEO of Sonoro.
Through the Phase two program, Sonoro hopes to enlarge the gold mineralization inventory by drilling in other zones identified as having the potential to yield results of a size and continuity sufficient to support the definition of a resource on the property suitable for a possible mining operation. This phase will also include deeper drill hole testing in prospective mineralized zones for the deeper potential often seen in other epithermal vein zones and will include drilling to extend the high-grade gold around drill hole 44 in the El Colorado zone which intercepted 12.19 meters with an average grade of 11.21 g/t Au and 5.9 g/t Ag.
Subject to the successful conclusion of Phase two, Phase three is planned to consist principally of approximately 7,000 meters of infill drilling to establish confidence and expansion of the results outlined in the prior phases. Metallurgical testing will continue to be incorporated.
In total, the Cerro Caliche gold project has been subjected to over 17,000 meters of drilling from historic and current exploration programs, including 161 drill holes and over 6,000 surface samples. The Company anticipates that it will commission and publish an NI 43-101 technical report, including an initial resource estimate, within two months.
About Sonoro Metals Corp.
Sonoro Metals Corp. is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
President & CEO
For further information, please contact:
Sonoro Metals Corp. – Corporate Communications:
Bill Campbell – Tel: (604) 565-5609
Forward-Looking Statement Cautions: This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to, among other things, the Company’s plans for the drilling of the above-described Cerro Caliche Concessions, located in the municipality of Cucurpe, Sonora, Mexico, and the Company’s future exploration plans for those properties, including anticipating that it will publish an NI 43-101 compliant technical report on the Cerro Caliche property disclosing an initial resource estimate and the possibility that the Cerro Caliche property will be amenable to a viable heap leach mining operation. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavourable interim exploration results, the lack of sufficient future financing to carry out exploration plans, and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Original Press Release: stockhouse.com