Sonoro Announces Initial Drilling Results and Fast-Track to GOLD Production IN 2021
SONORO ANNOUNCES INITIAL DRILLING RESULTS AND FAST-TRACK TO GOLD PRODUCTION IN 2021
VANCOUVER, Canada, November 4, 2020 – Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP)
(“Sonoro” or the “Company”) is pleased to announce assay results from 12 reverse -circulation (RC) drill
holes at its Cerro Caliche project in Sonora State, Mexico. These results reflect all assays received to date
from the Company’s ongoing RC drilling program focused on expanding four of the 17 gold mineralization
zones at Cerro Caliche. Highlights include key intercepts at the premier Japoneses and Buena Suerte zones.
At Japoneses, SCR-104 intercepted 15.24 meters averaging 1.278 g/t Au and SCR-106 intercepted 16.76
meters averaging 0.853 g/t Au. At Buena Suerte, SCR-096 intercepted 16.76 meters averaging 0.841 g/t
Au and SCR-097 intercepted 12.19 meters averaging 0.508 g/t Au. The Company expects that these results
will contribute to establishing a significant addition to Cerro Caliche’s existing 201,000 gold equivalent
(AuEq) inferred resource estimate1. In total, 34 RC holes have been drilled to date, but assay turn-around
times are very slow due to COVID-19 related delays. An additional 25 to 30 RC holes are expected to be
completed by this coming mid -December and rock density determinations have also been initiated for
incorporation into the resource data.
Core drilling at Cerro Caliche to investig ate the higher-grade gold targets remains ongoing. Nine
exploratory holes have been completed to date and an additional ten core holes are expected to be
completed by mid -December. Furthermore, an air- track drill rig is scheduled to commence shallow
percussion drilling to investigate continuity of mineralization between the mineralized zones.
As part of the Company’s strategy to fast-track the develop ment of a Heap Leach Mining Operation
(HLMO) at Cerro Caliche, ten 85-mm diameter PQ Core holes were drilled to supply deeper mineralized
material for metallurgical testing. Management is expanding its development plans from the previously
announced pilot level project to assess the economic viability of a proposed 8,000 ton per day mining
operation.
The current exploration work is part of the Company’s conceptual fast -track development schedule for
the Cerro Caliche project with the aspirational goal of commenc ing gold production by the end of 2021.
However, a successful realization of that goal remains subject to several material conditions, most notably
including the satisfactory completion of metallurgical testing, securing required environmental
permitting, a favourable preliminary economic assessment and the availability of project financing.
Crews for both the RC and Core drilling rigs are to take a one-week pause-break so that long-awaited assay
results may be received and incorporated into the ongoing refinement of the drill targets within the two
respective drill programs.
Sonoro CEO, Kenneth MacLeod stated, “ We are very encouraged by the resul ts thus far as they indicate
we are on track with our plans to increase and upgrade Cerro Caliche’s inferred gold equivalent resource,
1 NI 43-101 Technical Report on the Cerro Caliche Property, July 26, 2019, Strickland, D., Sim, R.C. prepared for Sonoro Metals;
comprised of an inferred resource of 201,000 AuEq ounces at a grade of 0.55 AuEq (0.495 g/t Au and 4.3 g/t Ag)
while at the same time our work to develop a heap leach gold mining operation is proceeding right on
schedule. We are also pleased to report that 100% of 5 million warrants exercisable at $0.15 have been
exercised for proceeds to Sonoro of $750,000.”
John Darch, Sonoro’s Chairman , added, “While we continue drilling our higher -grade gold targets , our
primary focus remains on accelerating the proposed heap leach mine development with the intention of
achieving production and cash flow by December 2021. I expect both efforts, in addition to our high-grade
drilling program, should produce an exceptional and exciting 2021 for Sonoro’s shareholders.”
The 12 RC drill holes tabulated or discussed here are listed with the below -selected assay intervals. A
Cutoff of 0.15 grams per ton Au was used for reporting intervals and, for consistency, is in the same format
as in previous years’ news reports. The drill holes are angled generally 45 degrees at azimuth 225° and
are targeted to cut the vein zones near perpendicular to their plane of strike. The drill intervals are near
true widths of the vein zones unless reported otherwise.
The Japoneses vein zone is the largest mineralized zone on the Cerro Caliche project with dimensions of
up to 300 meters wide by 550 meters long with the five new holes reported here filling several drill pattern
gaps and also extending the mineralized zone 100 meters to the northwest and 100 meters to the
southeast. The apparent continuation of this zone by an additional 350 m eters to the southeast is
identified as the Los Cuervos zone. This entire mineralized zone is a series of northwest -trending veins,
shears and shatter bands in quartzite with shales in its central and southern parts. The northern extension
of the Japoneses zone gold mineralization passes into andesite and vein associated rhyolitic dikes where
both rock units host gold mineralization.
Two drill holes were in the vicinity of the El Boludito vein, a small zone that begins in the hanging wall of
the Japoneses vein zone and extends in a northerly direction away from the Japoneses zone. The results
indicated insufficient dimensions and mineralization to add to the current mineralized material inventory.
Two RC drill holes cut the Chinos NW gold mineralized zone which is about 400 meters long and up to
30 meters wide running parallel to the Japoneses zone on its east side. It continues northerly for another
500 meters between El Boludito and the Veta de Oro vein zone before merging into Veta de Oro where a
further outcrop of the vein zone is hidden by soil cover. The Chinos NW vein zone appears to be part of a
classic vein splitting pattern called “horse tailing” on its southern part. Drill hole SCR -101 tested the
Chinos NW mineralization’s northernmost extent with mixed results, including 3.05 m eters averaging
0.517 g/t Au and 3.6 g/t Ag. Two of the core drill holes cut the southern part of Chinos NW and will be
reported in upcoming diamond drill hole results.
Three holes were completed in the Buena Suerte vein zone and, while showing the vein zone is
independent of other nearby vein zones , they also added to the potential for increasing the project’s
current inferred gold resource. The veins are hosted in quartzite and a vein parallel - rhyolite dike. The
three drill holes intersected gold mineralization that will potentially extend mineralized material to more
than double the prior drill confirmed mineralized dimensions. The dimensions of the Buena Suerte
mineralized zone are approximately 30 meters wide by 300 meters in length and located about 120 meters
west of the Japoneses footwall structure with a parallel NW trend.
Cerro Caliche Project, holes composites with cutoff 0.15 Au g/t
Hole Target
From To Interval Au Ag AuEq
(meters) g/t g/t g/t
SCR-096 BUENA SUERTE
3.05 12.19 9.14 0.173 0.6 0.182
and 105.16 121.92 16.76 0.841 7.7 0.951
includes 105.16 109.73 4.57 2.419 7.27 2.523
SCR-097 BUENA SUERTE
0.00 4.57 4.57 0.218 0.6 0.227
and 50.29 53.34 3.05 0.24 1.4 0.26
and 60.96 73.15 12.19 0.508 1.4 0.523
and 86.87 91.44 4.57 0.419 8.0 0.54
and 108.20 111.25 3.05 0.406 0.7 0.416
and 115.82 121.92 6.1 0.236 0.7 0.247
SCR-098 BUENA SUERTE
and 16.76 22.86 6.1 0.457 5.2 0.532
and 30.48 35.05 4.57 0.664 12 0.836
includes 33.53 35.05 1.52 1.725 26.2 2.1
and 38.10 41.15 3.05 0.263 0.5 0.27
and 44.20 48.77 4.57 0.556 1.6 0.578
and 54.86 59.44 4.58 0.209 0.5 0.216
and 89.92 91.44 1.52 2.29 1.8 2.316
SCR-099 JAPONESES
9.14 12.19 3.05 0.408 3.5 0.458
and 25.91 44.20 18.29 0.367 7.6 0.476
SCR-100 CHINOS NW and 15.20 19.80 4.57 0.2 3.2 0.246
SCR-101 CHINOS NW and 51.82 54.86 3.05 0.517 3.6 0.569
SCR-102 EL BOLUDITO
24.38 27.43 3.05 0.214 0.3 0.218
and 59.44 67.06 7.62 0.261 0.6 0.27
and 70.10 74.68 4.57 0.23 0.4 0.235
and 152.40 153.92 1.52 0.597 3.6 0.648
SCR-103 EL BOLUDITO 56.39 59.44 3.05 0.491 2.6 0.527
SCR-104 JAPONESES
19.29 22.86 4.57 1.894 81.6 3.06
includes 21.34 22.86 1.52 5.3 211 8.314
and 28.96 32.00 3.05 0.208 3.0 0.25
and 35.05 38.10 3.05 0.255 2.0 0.279
and 41.15 56.39 15.24 1.278 4.0 1.332
includes 41.15 44.20 3.05 1.85 7.0 1.944
includes 47.24 50.29 3.05 1.998 4.0 2.055
includes 54.86 56.39 1.52 1.73 2.0 1.753
and 73.15 77.72 4.57 0.248 1.0 0.257
and 94.49 102.11 7.62 0.233 0.8 0.245
SCR-105 JAPONESES
0.00 3.05 3.05 0.264 1.0 0.268
and 10.67 13.72 3.05 0.785 0.5 0.791
and 21.34 24.38 3.05 0.187 0.6 0.195
and 32.00 41.15 9.14 1.13 1.7 1.154
includes 33.53 35.05 1.52 3.26 3.5 3.31
and 56.39 65.53 9.14 0.467 0.5 0.473
and 80.77 83.82 3.05 0.336 0.1 0.337
Cerro Caliche Project, holes composites with cutoff 0.15 Au g/t
Hole Target
From To Interval Au Ag AuEq
(meters) g/t g/t g/t
SCR-106 JAPONESES
0.00 4.57 4.57 0.579 2.5 0.615
and 7.62 15.24 7.62 0.613 1.82 0.639
includes 10.67 12.19 1.52 1.875 1.2 1.892
and 25.91 30.48 4.57 0.616 1.0 0.637
and 33.53 36.58 3.05 0.22 0.5 0.227
and 42.67 44.20 1.52 0.503 2.6 0.54
and 47.24 48.77 1.52 0.433 0.6 0.442
and 56.39 73.15 16.76 0.853 1.1 0.868
includes 64.01 67.06 3.05 1.81 1.4 1.829
and 91.44 97.54 6.1 0.585 0.4 0.591
and 112.78 117.35 4.57 0.293 0.4 0.299
and 121.92 123.44 1.52 0.925 0.3 0.929
and 134.11 141.73 7.62 0.308 0.4 0.314
and 179.83 190.50 10.67 0.71 0.5 0.717
SCR-107 JAPONESES and 44.20 48.77 4.57 0.492 3.2 0.538
and 155.45 160.02 4.57 0.297 0.2 0.3
Drill collar locations, azimuths and dips for the drill holes included in this release are provided in the table
below and have been posted to the Company’s web site for all drill holes.
Hole Zone East North Elevation (m) Azimuth Dip Length (m)
SCR-096 Buena Suerte 536,554 3,365,084 1,353 226 -45° 163.07
SCR-097 Buena Suerte 536,542 3,365,053 1,359 238 -45° 126.49
SCR-098 Buena Suerte 536,434 3,365,203 1,379 236 -45° 134.11
SCR-099 Japoneses 536,836 3,365,319 1,368 57 -45° 152.4
SCR-100 Chinos NW 537,003 3,365,508 1,310 239 -45° 100.58
SCR-101 Chinos NW 536,968 3,365,598 1,322 236 -45° 108.2
SCR-102 El Boludito 536,795 3,365,642 1,308 235 -45° 301.75
SCR-103 El Boludito 536,699 3,365,694 1,279 236 -45° 313.94
SCR-104 Japoneses 536,722 3,365,325 1,338 235 -45° 201.17
SCR-105 Japoneses 536,837 3,365,318 1,367 237 -60° 301.75
SCR-106 Japoneses 536,737 3,365,414 1,302 232 -45° 252.98
SCR-107 Japoneses 536,813 3,365,457 1,293 237 -50° 170.69
Quality Assurance/Quality Control (“QA/QC”) Measures and Analytical Procedures
Drill samples are collected with an airstream cyclone and passed into a splitter that divides each sample
into quarters. The quartered samples are then bagged and sealed with identification. The sample group
has blanks, standards and duplicates inserted into the sample stream. ALS -Chemex collects the samples
and transports them directly to the preparation laboratory in Hermosillo, Sonora.
At the laboratory, part of each sample is reduced through crushing, splitting and pulverization from which
200 grams is sent to the ALS -Chemex assay laboratory in Vancouver. Thirty grams undergoes fire assay
for gold with the resulting concentrated button of material produced is dissolved in acids and the gold is
determined by atomic absorption. Another quantity of th e sample is dissolved in four acids for an ICP
multi-element analysis.
Geologic Description
Cerro Caliche is located 45 kilometers east southeast of Magdalena de Kino in the Cucurpe-Sonora Mega-
district of Sonora, Mexico. Multiple historic underground min es were developed in the concession
including Cabeza Blanca, Los Cuervos, Japoneses, Las Abejas, Boluditos, El Colorado, Veta de Oro and
Espanola. Mineralization types of the Cucurpe -Sonora Mega-district include variants of epithermal low
sulfidation veins and related mineralized dikes and associated volcanic domes. Local altered felsic dikes
cut the mineralized meta-sedimentary rock units and may be associated with mineralization both in the
dikes and meta-sedimentary rocks.
Host rocks include Jurassic -Cretaceous meta-sedimentary rock units including argillite, shale, quartzite,
limestone, quartz pebble conglomerate and andesite. Younger intrusive rock consisting of medium
coarse-grained granodiorite-granite is present in the westerly parts of the conces sions near the historic
Cabeza Blanca Mine. It is apparent that veining cuts and pervasively alters the intrusive stock. Rhyolite
occurs in irregular bodies distributed in higher elevations in the northerly part of the concession, including
the Rincon area, where it occurs as flows, sills, dikes and rhyolite domes. Part of the rhyolite is mineralized
and appears to be related to epithermal gold mineralization throughout the property.
Qualified Person Statement
Stephen Kenwood, P.Geo., a director of Sonoro, is a Qualified Person within the context of National
Instrument 43-101 (NI 43-101) and has read and approved this news release. Readers are cautioned that
the presence of mineralization on historic mines adjacent to or on Cerro Caliche is not necessarily
indicative of gold mineralization in the concessions held by the company.
About Sonoro Gold Corp.
Sonoro Gold 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 Gold Corp.
Per: “Kenneth MacLeod”
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Gold 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 drilling of the above -described Cerro Caliche
Concessions, located in the m unicipality of Cucurpe, Sonora, Mexico, and the Company’s future exploration and development plans for
those properties. Although the Company believes that such statements are reasonable based on current circumstances, it can gi ve 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 cauti ons 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 obl igation 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.
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.