Sonoro Options LA Calera Property IN Sonora, Mexico
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SONORO OPTIONS LA CALERA PROPERTY IN SONORA, MEXICO
VANCOUVER, Canada, November 8, 2017, Sonoro Metals Corp., (“Son oro” or the “Company”) (TSXV: SMO)
(OTCQB: SMOFF), announces that its Mexican subsidiary, Minera M ar De Plata, SA de C.V. has entered into an
option agreement (the “Option Agreement”) with a resident of Ma gdalena de Kino, Sonora, Mexico (the “Vendor”),
to acquire a 100% interest in the Calera Group of Concessions ( “Calera”) located in the municipality of Cucurpe, in
northern Sonora state, Mexico.
The Calera project consists of four concessions covering 144 hectares within the Cucurpe Sonora mega-district. The
Cucurpe mega-district includes Premier Gold Mines’ Mercedes gol d mine, Goldgroup Mining’s Cerro Prieto gold
mine, Agnico Eagle’s recently purchased Santa Gertrudis gold mi ne, and other nearby gold mineralized prospect
areas.
The Option Agreement provides for Sonoro to acquire a 100% inte rest in Calera over a 72-month period for total
consideration of US$1,000,000 payable in installments as follows:
Date Payment
November 1, 2017 $25,000 plus reimbursement of property taxes t o a maximum of $15,000
November 1, 2018 $50,000
May 1, 2019 $30,000
November 1, 2019 $30,000
May 1, 2020 $50,000
November 1, 2020 $50,000
May 1, 2021 $100,000
November 1, 2021 $100,000
May 1, 2022 $125,000
November 1, 2022 $125,000
May 1, 2023 $150,000
November 1, 2023 $150,000
Following exercise of the Option, the Vendor will be entitled t o a 2% net smelter returns royalty (“NSR”) from the
proceeds of the sale of minerals from the Calera project. Sonoro has been granted an option to purchase the NSR for
US$650,000 at any time.
“Sonoro’s exploration team believes that the Cucurpe gold mega-district has the potential for additional gold
discoveries,” said Kenneth MacLeod, President and CEO of Sonoro. “We are pleased to begin immediate
exploration of Calera under the direction of our noted geologist Mel Herdrick, Sonoro’s head of exploration in
Mexico, who has several gold discoveries to his credit.”
About Calera and the Cucurpe Sonora Mega-District:
Mineralization types of the Cucurpe mega-district include epith ermal low sulfidation, epithermal mineralized dikes
and associated volcanic rocks, an d mesothermal Carlin type gold mineralization. These deposits in the district
appear to be genetically linked with a mineralization age rangi ng from 40 to 30 Ma. Potential style of gold
mineralization of the Calera area is for mesothermal calcareous sedimentary rocks to host disseminated gold.
Large zones of disseminated pyrite replacement in the shallow d ipping calcareous shale units are extensive with
coincident regolith gold placer within the concessions. Local a ltered felsic dikes cut the mineralized meta-
sedimentary rock units and may be associated with mineralization. The Calera area is a sub- district of Cucurpe with
many gambusino workings and exploration pits in the concession area. Immediate plans are to utilize surface
sampling and more extensive east-west soil sampling lines focus ing in the areas of known placer gold prospecting
pits to identify targets for additional work.
The Cucurpe mega-district was generally regarded as a vein domi nated district including the Cerro Prieto mine and
the Mercedes mine. Activities at Cerro Prieto and Santa Gertru dis mine areas have developed open pit resources in
more recent years. Sonoro’s San Marcial project is located about 30 kilometers further west of Calera with gold
mineralization hosted in Jurassic shale and quartzite meta-sedimentary units.
Stephen Kenwood, P. Geo. is a qualified person within the conte xt of National Instrument 43-101 and has read and
takes responsibility for this news release. Readers are caution ed that the presence of mineralization on properties
adjacent to or in proximity to Calera is not necessarily indicative of alteration and mineralization on Calera.
About Sonoro Metals Corp.
Sonoro Metals Corp. is a TSX Venture Exchange listed (TSXV: SMO ) (OTCQB: SMOFF) exploration and
development company with a portfolio of precious metals propert ies 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 P helps Dodge in Mexico followed by 7 years as Vice
President, Exploration for Pediment Gold in Mexico until its ta keover by Argonaut Gold in 2011. Sonoro’s Chief
Geologist and Qualifying Person is Stephen Kenwood, with over 2 0 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 Calera
Group of Concessions, located in th e municipality of Cucurpe, Sonora, Mexico, and the Co mpany’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 th at events or conditions "will," "would," "may," "can,"
"could" or "should" occur, or are those statements, whic h, 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 anticipat ed 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, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
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 Ventu re Exchange) accept
responsibility for the adequacy or accuracy of this release.