Sonoro Releases Cerro Caliche Project Development Report
April 28 2020 - 9:00AM
Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP),
(“Sonoro” or the “Company”), announces the release of the Cerro
Caliche Project Development Report. The report summarizes the
results of work to advance the Company’s understanding of the
mineralized system which comprises Cerro Caliche, while refining
the exploration model to ensure future exploration activities are
increasingly cost-effective and ultimately successful. The report
also assesses regional and property geology, the mapped zonation of
the Cerro Caliche low-sulfidation epithermal system, and related
potential for significantly higher grades at depth. It also
includes two grade x thickness modeling tools, namely –
longitudinal 3D sections and Isopachs, all based on drilling to
date.
Sonoro’s principal focus since July 2019, has
been activities to support its proposed Heap Leach Pilot Operation
(HLPO) together with assisting the efforts of China-based EPC
companies regarding the HLPO’s development and debt financing. The
Covid-19 pandemic has delayed these activities as, in particular,
current COVID-19 related travel restrictions prevent the EPC
companies from sending their technical teams from China to visit
the Cerro Caliche project in Sonora State, Mexico.
“While waiting for the travel restrictions to be
lifted, we took the opportunity to further refine our understanding
of the geology at Cerro Caliche, in order to fine tune our
exploration strategy,” said Kenneth MacLeod, President and CEO of
Sonoro. “This report highlights the exceptional potential for both
significantly increasing the gold resource and outlining much
higher-grade gold zones as we drill deeper.”
Melvin Herdrick, P.Geo., Sonoro’s Vice President
of Exploration, and Jorge Diaz, MSc., Sonoro’s Vice President of
Operations, co-authors of the report stated, “In reviewing the
data, what is remarkable is the ubiquitous nature of the gold
contained within the hundreds of parallel northwest trending quartz
veins over an area of three by four kilometers. All of the quartz
veins sampled carried more than 1 g/t Au. Many returned high grades
ranging from 4 g/t Au to 25 g/t Au with one standout returning 97
g/t Au. I think it is apparent that Cerro Caliche is sitting on top
of a major gold hydrothermal system which has enriched both the
Cerro Caliche and neighboring Mercedes Mine
regions.”
The report can be accessed on the Company’s
Website at:
https://sonorometals.com/wp-content/uploads/2020/04/Cerro-Caliche-Project-Development-Report-2020-21-1.pdf
Statement of Qualified
PersonStephen Kenwood, P.Geo., a director of Sonoro, is a
Qualified Person within the context of National Instrument 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 Metals Corp.Sonoro Metals Corp. is
a publicly listed exploration and development company with two
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”
KENNETH MACLEOD
President & CEO
For further information, please contact:Sonoro Metals Corp. -
Tel: (604) 632-1764Email: info@sonorometals.com
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. 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.
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