Sonoro Releases Cerro Caliche Project Development Report
Potential for high-grade gold zones at depth highlighted
VANCOUVER, British Columbia, April 28, 2020 (GLOBE NEWSWIRE) -- 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:
Statement of Qualified Person
Stephen 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) 632-1764
Email:
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
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.
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