Sonoro Adds El Colorado Concession to Cerro Caliche
SONORO ADDS EL COLORADO CONCESSION TO CERRO CALICHE
VANCOUVER, Canada, September 5 , 2018, Sonoro Metals Corp., (“Sonoro”) (TSXV: SMO) (OTCQB:
SMOFF), announces that its Mexican subsidiary, Minera Mar De Plata, SA de C.V. has executed a formal option
agreement (the “Option Agreement”) with a resident of Magdalena de Kino, Sonora, Mexico (the “Vendor”), to
acquire a 100% interest in the 9 hectare El Colorado concession (“El Colorado”) located within the perimeter of
the Cerro Caliche concessions currently being explored by Sonoro in the prolific Cucurpe Sonora Mega-district
of Sonora, Mexico. The Option Agreement increases the land holdings under option to Sonoro in this important
gold mining district to 1,484 hectares.
The Option Agreement provides for Sonoro to acquire a 100% interest in El Colorado for total consideration to
the Vendor of US$100,000, of which US$50,000 has been paid and the balance due in 6 months.
The El Colorado concession contains a robust set of northwest trending quartz veins bearing gold and associated
silver mineralization. Limited mining of the larger veins is evidenced by tunnels, pits and trenches. Most mining
activity is historic with little data available from older periods of prospection and production. Production was
of artisanal character whe re it is reported by the Vendor that quartz veins were mined which had at least 10
grams gold per tonne , with delivery to regional smelters for both silica as flux and co -payment for contained
precious metals. Production quantities are unknown.
Prior data acquired with the concession includes historic drill information for three 1990’s Cambior drill holes
that contained well-mineralized intervals from a vein system that had workings developed about 70 years ago.
Geologic mapping and sampling complete d on El Colorado by Sonoro has collected more than 50 rock chip
samples and located seven high gold content through -going veins with large areas of surrounding lesser
mineralized quartz stockwork and sheeted quartz veinlet zones. This data is supplemented by another 150 older
surface chip sample results from historic exploration programs. The targets within the concession are both high
grade underground vein zones and near surface large volume lower grade mineralized zones. Values range from
anomalous up to more than 5 grams gold content.
“Our Hermosillo-based exploration team, headed by noted geologist Mel Herdrick, has finalized the planning of
a drill program for the Cerro Caliche concessions, including El Colorado ,” said Kenneth MacLeod, President
and CEO of Sonoro. “A drill plan has been submitted to the Mexican federal environmental agency, Semarnat,
for review and approval and a response is expected shortly.”
The Cucurpe Sonora Mega -district includes Premier Gold’s Mercedes gold mine; Goldgroup Mining’s Cerro
Prieto gold mine; Agnico Eagle’s recently purchased Santa Gertrudis gold mine; and other gold mineralized
prospect areas.
Stephen Kenwood, P. Geo. is a Qualified Person within the context of National Instrument 43-101 and has read
and takes responsibility for this news release. Readers are cautioned that the presence of mineralization on
properties adjacent to or in proximity to Cerro Caliche is not necessarily indicative of mineralization on Cerro
Caliche.
About Sonoro Metals Corp.
Sonoro Metals Corp. (TSXV: SMO) (OTCQB: SMOFF) is an exploration and development company with a
portfolio of precious metals properties in Sonora, Mexico and Alaska, USA. Sonoro’s skilled exploration team
in Mexico is headed by Hermosillo-based geologist Melvin Herdrick, with 45 years of mine related experience,
including 10 years as Chief Geologist for Phelps Dodge, Mexico and 7 years as Vice President, Exploration for
Pediment Gold in Mexico until its takeover by Argonaut Gold in 2011. Sonoro’s Chief Geologist and Qualifying
Person is Stephen Kenwood, with over 20 years of experience in mineral exploration and development.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
KENNETH MACLEOD
President & CEO
For further information, please contact:
Sonoro Metals Corp. - Tel: (604) 632-1764
Email: [email protected]
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 acquisition of the above -described El Colorado and
Cerro Caliche Concessions, located in the municipality of Cucurpe, Sonora, Mexico, and the Company’s future exploration plans for those
properties. 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 cau tions 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 e xploration 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 statement s 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 o bligation 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 e ncouraged
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, SOLICITA TION OR SALE
WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
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