202620 releases
Sonoro Gold Announces Continued Expansion of Higher-Grade Mineralization at Cerro Caliche
Assay results from 26 additional drill holes at the Cerro Caliche gold project in Sonora, Mexico included 28.95m @ 2.598 g/t Au (including 13.72m @ 5.101 g/t Au) in SCR-387, 32.00m @ 1.846 g/t Au (including 4.57m @ 10.430 g/t Au) in SCR-391, and 47.24m @ 1.552 g/t Au in SCR-396. Drilling covered 14 RC holes at the newly acquired Diana concession and 12 at the La Colorada zone. Sonoro has completed 72 holes over 14,086.35 metres of a 50,000-metre campaign.
Drill resultsSONORO GOLD ANNOUNCES MANAGEMENT APPOINTMENTS
Oscar Armando González Peña has been promoted to Vice President, Exploration at Sonoro Gold, after nine years as Exploration Manager and Chief Geologist; he has 23 years of mineral exploration experience. Mel Herdrick, Vice President, Exploration since 2018, has been promoted to Senior Vice President, Mexico. Sonoro holds the development-stage Cerro Caliche project and exploration-stage San Marcial project in Sonora State, Mexico.
ManagementSonoro Gold Announces Initial 10,000 Meters Drilling Results From Ongoing Campaign at Cerro Caliche
Assay results were reported from the first 10,000 meters of an ongoing 50,000-meter drilling campaign at the Cerro Caliche gold project in Sonora, Mexico, comprising 46 reverse circulation holes in the central-western area. Highlights include SCR-340 with 18.29m @ 3.392 g/t Au and 44.3 g/t Ag, including 9.14m @ 6.438 g/t Au; SCR-348 with 9.14m @ 3.076 g/t Au; and SCR-349 with 18.29m @ 1.674 g/t Au. Drilling at El Quince, previously undrilled, identified a new mineralized zone, and nine infill holes confirmed mineralization at Buena Suerte in areas previously modelled as waste.
Drill resultsSonoro Gold Completes Acquisition of 23 Mineral Concessions to Further Expand the Cerro Caliche Gold Project
Subsidiary Minera Mar de Plata has closed the acquisition of a 100% interest in 23 mineral concessions covering 4,239.10 hectares adjacent to the Cerro Caliche gold project in Sonora, Mexico, for USD $5.17 million payable in installments over 18 months, plus assumption of roughly USD $990,000 in outstanding concession fees. It also acquired a 51% interest in five concessions over 453.91 ha for up to USD $9M in exploration and development spending. Cerro Caliche has grown from 1,350 to 8,215 hectares since January 2026.
AcquisitionSonoro Gold Announces Closing of Oversubscribed $15.5M Private Placement
A non-brokered private placement of 62,000,000 units at $0.25 per unit closed for gross proceeds of CAD $15,500,000, each unit comprising one share and one three-year warrant exercisable at CAD $0.34. Insiders subscribed for 5,524,640 units for $1,381,160, and the company paid $87,450 in finder's fees plus 349,800 finder's warrants; securities are subject to a hold period ending October 11, 2026. Proceeds will fund development of the Cerro Caliche gold project in Sonora, Mexico, and working capital.
FinancingSonoro Gold Closes Cad $15.5M Private Placement Highlights
An oversubscribed non-brokered private placement of 62M units at C$0.25 closed for C$15.5M, each unit comprising one share and one three-year warrant at C$0.34, with a four-month-plus-one-day hold; insiders took 5.5M units for $1.38M. Proceeds will fund a 50,000-metre drilling program and land consolidation at the Cerro Caliche gold project in Sonora, Mexico, now 9,001 hectares plus a 51% interest in another 454 hectares, in final permitting for open-pit heap leach operations.
FinancingSonoro Gold Announces Increase in Private Placement to $15 Million
A non-brokered private placement announced on May 20, 2026 has been increased to 60,000,000 units for gross proceeds of CAD $15,000,000 at $0.25 per unit, each unit comprising one common share and one warrant exercisable at CAD $0.34 for three years from closing. Finder's fees may be paid, securities carry a four-month plus one day hold period, and the offering is subject to TSX Venture Exchange acceptance. Proceeds will advance the Cerro Caliche gold project in Sonora, Mexico and general working capital.
FinancingSonoro Gold Announces Change of Auditor
Smythe LLP resigned as auditor of Sonoro Gold Corp. on its own initiative effective May 21, 2026, and the board appointed Davidson & Company LLP as successor auditor on May 23, 2026, to hold office until the next annual meeting of shareholders. The former auditor expressed no modified opinion over the Company's two most recent financial years through the resignation date, and there are no reportable events under Section 4.11 of NI 51-102.
CorporateSonoro Gold Announces $10 Million Private Placement
A non-brokered private placement of 40,000,000 units at CAD $0.25 per unit will raise gross proceeds of CAD $10,000,000, with each unit comprising one common share and one warrant exercisable at CAD $0.34 for three years from closing. Proceeds will fund ongoing development of the Cerro Caliche gold project in Sonora, Mexico, and general working capital. Insiders will subscribe for approximately 4,000,000 units for $1,000,000. The offering is subject to TSX Venture Exchange acceptance and a four-month-plus-one-day hold period.
FinancingSonoro Announces Letters of Intent To Acquire Mineral Concessions at Cerro Caliche Gold Project Highlights
Letters of intent have been signed to acquire a 100% interest in 24 mineral concessions covering 5,025.21 ha for USD $6.0 million payable over twenty months, plus approximately USD $990,000 in outstanding concession fees, and up to a 51% interest in 5 concessions over 453.91 ha by spending up to USD $9M on exploration over four years, earning 12.75% per USD $2.25M spent. The concessions adjoin Sonoro's Cerro Caliche gold project in Sonora, Mexico, expanding the property to 9,001 hectares. No securities or royalties are involved.
AcquisitionSonoro Gold Announces Letters of Intent To Acquire Adjacent Mineral Concessions To Further Expand the Cerro Caliche Gold Project
Three binding letters of intent have been signed by Sonoro's subsidiary Minera Mar de Plata to acquire a 100% interest in 24 mineral concessions covering 5,025.21 hectares adjacent to the Cerro Caliche gold project in Sonora, Mexico, for USD $6.0 million payable over twenty months plus approximately USD $990,000 in outstanding concession fees. A third LOI grants an option to earn up to 51% in five concessions over 453.91 ha for USD $9M in exploration spending over four years. Completion remains subject to due diligence and definitive agreements.
AcquisitionSonoro Gold Commences 50,000 Meter Drilling Program
Drilling will resume at the Cerro Caliche gold project in Sonora State, Mexico on May 11, 2026 with CANMEX Perforaciones y Servicios SA de CV, as part of a two-phase, 50,000-meter reverse circulation program with soil and rock sampling. Phase I, due for completion by fall 2026, covers 25,000 meters in about 207 holes and 6,000 soil samples; Phase II runs to spring 2027 with 25,000 meters, about 220 holes and 3,000 soil samples.
Drill resultsSonoro GOLD CLOSES CAD $12.2M Private Placement & COMMENCES DRILLING PROGRAM Highlights
An over-subscribed, non-brokered private placement of 50.83M units at C$0.24 closed for C$12.2M, with each unit comprising one share and one three-year warrant at C$0.32; insiders took 15.65M units for $3.8M, and securities are subject to a hold expiring August 25, 2026. Proceeds fund a two-phase 50,000-metre drilling program at the Cerro Caliche gold project in Sonora, Mexico, covering infill drilling at western zones and expansion drilling into the newly acquired northern extension.
FinancingSonoro Gold Announces Closing of Oversubscribed $12.2M Private Placement
A non-brokered private placement of 50,833,334 units at $0.24 per unit closed for gross proceeds of CAD $12,200,000, with each unit including one common share and one three-year warrant exercisable at CAD $0.32. Insiders subscribed for 15,652,834 units for $3,756,680; securities are subject to a hold period ending August 25, 2026, and final TSX Venture Exchange acceptance. Net proceeds will fund a two-phase 50,000-meter drilling program at the Cerro Caliche gold project in Sonora, Mexico.
FinancingSonoro Files Updated Preliminary Economic Assessment for the Cerro Caliche Project
An updated NI 43-101 preliminary economic assessment for the Cerro Caliche gold project in Sonora, Mexico, with an effective date of December 4, 2025, has been filed, prepared by P&E Mining Consultants. It outlines a ten-year open pit heap leach operation ramping from 12,000 tpd to 16,000 tpd, producing 459 k oz AuEq, averaging 46 k oz AuEq annually at 0.38 g/t AuEq, with 72% gold and 27% silver recovery. Pre-tax NPV8 is $360 million with a 65% IRR; after-tax NPV8 is $224 million with a 50% IRR, initial capex of $83 million, sustaining capital of $26 million, AISC of $1,902/oz AuEq and a 1.7-year payback, assuming $3,500/oz gold and $48/oz silver.
Study resultsSonoro Gold Announces Further Expansion of Cerro Caliche Gold Property
A 100% interest in the 51-hectare Diana mineral concession, adjacent to the central-eastern boundary of the Cerro Caliche gold project in Sonora, Mexico, has been acquired by subsidiary Minera Mar de Plata for a one-time payment of US$600,000 to four arm's-length Sonora residents, with no securities or royalty granted. Cerro Caliche now comprises 26 contiguous concessions covering 3,975.97 hectares. Diana will be included in a previously announced 50,000-metre drilling program.
NewsSonoro Gold Announces Fully-Committed $11 Million Private Placement & 50,000 Meter Drilling Program
A fully-committed non-brokered private placement of 45,833,333 units at CAD $0.24 per unit will raise gross proceeds of CAD $11,000,000, with each unit including one share and one three-year warrant exercisable at CAD $0.32. Insiders will subscribe for 15,833,333 units for $3,800,000, and closing is expected on or about April 30, 2026. Proceeds will fund a two-phase 50,000-meter reverse circulation drilling program at the Cerro Caliche gold project in Sonora, Mexico.
FinancingSonoro Announces Updated Mineral Resource Estimate and Robust Updated PEA for Cerro Caliche Gold Project: After-Tax NPV of USD $224 Million and After-Tax IRR Of 50%
An updated PEA for the Cerro Caliche gold project in Sonora State, Mexico shows an after-tax NPV8 of $224 million and after-tax IRR of 50% at $3,500/oz gold and $48/oz silver, with initial capex of $83 million, AISC of $1,902/oz AuEq, a 1.7-year payback and a 10-year open pit heap leach life producing 459 koz AuEq. The updated resource, effective December 4, 2025, totals 51,752 kt at 0.39 g/t AuEq measured and indicated plus 8,801 kt at 0.34 g/t AuEq inferred.
Resource updateSonoro Gold to Participate in PDAC 2026
Sonoro Gold will attend PDAC 2026 at the Metro Toronto Convention Centre from Sunday, March 1 to Wednesday, March 4, 2026, hosting Booth 2330 in the Investor Exchange in the MTCC South building. President and CEO Kenneth MacLeod will present the Cerro Caliche gold project in Sonora, Mexico at the Gold 1 Corporate Presentations for Investors series on March 2 at 3:45pm, and will be a panelist at the Mexico Mining Forum on March 1 at 12:10pm.
CorporateSonoro Gold Announces Expansion of Cerro Caliche Gold Property
Ten mineral concessions totalling 2,574.16 hectares adjacent to the Cerro Caliche gold project in Sonora, Mexico will be acquired at 100% interest via Assignment of Rights Agreements with two arm's-length Sonora residents, for USD $4.0 million payable in USD $1.0 million annual installments over four years, plus assumption of roughly USD $570,000 in outstanding concession fees, with no securities or royalty granted. Cerro Caliche expands to 25 contiguous concessions covering 3,924.26 ha. An updated PEA, begun in November 2025, is expected in Q1 2026.
News
202513 releases
Sonoro Gold Announces Closing of Oversubscribed $4.9M Private Placement
A non-brokered private placement of 24,500,000 units at $0.20 per unit closed for gross proceeds of CAD $4,900,000, with each unit comprising one common share and one three-year warrant exercisable at CAD $0.28. Insiders subscribed for 2,215,000 units for $443,000, and the securities are subject to a hold period ending May 1, 2026, with final TSX Venture Exchange acceptance pending. Proceeds will fund development of the Cerro Caliche gold project in Sonora, Mexico, and working capital.
FinancingSonoro Gold Announces fully-committed $4 Million Private Placement
A fully-committed non-brokered private placement of 20,000,000 units at CAD $0.20 per unit will raise gross proceeds of CAD $4,000,000. Each unit comprises one common share and one warrant exercisable at CAD $0.28 for three years from closing, expected on or about December 22, 2025, with no finder's fees and a 4-month plus one day hold period, subject to TSX Venture Exchange acceptance. Proceeds will advance the Cerro Caliche gold project in Sonora, Mexico and general working capital.
FinancingSonoro Gold Completes Final Concession Payment and Provides Corporate Update
A final installment of US $919,907.71 was paid on October 29, 2025 to acquire 100% of the El Rosario mineral concessions, which comprise 30% of the Cerro Caliche gold project in Sonora, Mexico, for total consideration of US $1.79M. The vendor receives a 2% NSR royalty, purchasable at US $1,000,000 per one percent. All 15 concessions covering 1,350.10 ha, optioned for US $5.18M total, are now assigned to subsidiary Minera Mar de Plata. CFO Salil Dhaumya resigned; Katharine Regan becomes interim CFO.
CorporateSonoro Gold Announces Closing of Oversubscribed $4 Million Private Placement
A non-brokered private placement of 20,500,000 units at $0.20 per unit closed for gross proceeds of CAD $4,100,000, each unit comprising one share and one three-year warrant exercisable at CAD $0.28. Insiders subscribed for 2,007,297 units for $401,459.40; securities are subject to a hold period ending February 23, 2026, with final TSX Venture Exchange acceptance pending. Proceeds will fund an updated Preliminary Economic Assessment and the final Rosario option payment at the Cerro Caliche project in Sonora, Mexico.
FinancingSonoro GOLD Announces increase in Private Placement to $4 million
The non-brokered private placement announced on October 2, 2025 has been increased to 20,000,000 units for gross proceeds of CAD $4,000,000, priced at $0.20 per unit, with each unit comprising one common share and one warrant exercisable at CAD $0.28 for three years from closing. Finder's fees may be paid, securities carry a four-month plus one-day hold, and the Offering is subject to TSX Venture Exchange acceptance. Proceeds will fund the Cerro Caliche gold project in Sonora, Mexico and working capital.
FinancingSonoro Gold Announces Fully Subscribed $3 Million Private Placement
A fully-subscribed non-brokered private placement of 15,000,000 units at CAD $0.20 per unit will raise gross proceeds of CAD $3,000,000, with each unit comprising one common share and one three-year warrant exercisable at CAD $0.28. Proceeds will fund an updated Preliminary Economic Assessment for the Cerro Caliche gold project in Sonora, Mexico, the final payment under the Rosario option agreement to secure 100% ownership of the concessions, and the Change of Land Use payment. Closing is expected on or about October 20, 2025.
FinancingSonoro Gold Provides Corporate Update
An updated Preliminary Economic Assessment will be commissioned for the Cerro Caliche gold project in Sonora, Mexico, replacing the August 2023 PEA that assumed US$1,800 per ounce gold and a 9-year, 12,000 mtpd operation; it will use higher gold price, capital and operating cost estimates, a revised mine plan aligned with MIA updates, and 55,360 meters of drilling data, with completion anticipated by Q1 2026. Management is also considering spinning out the San Marcial gold-silver project into subsidiary Oronos Gold Corp., with strategic review results expected by the end of 2025.
CorporateSonoro Gold Announces Closing of Oversubscribed Private Placement
A non-brokered private placement of 13,350,000 units at $0.15 per unit closed for gross proceeds of CAD $2,002,500, with each unit comprising one share and one two-year warrant exercisable at CAD $0.22. Finder's fees of $47,502.69 and 316,685 finder's warrants were issued; securities are subject to a hold period ending January 11, 2026, and insiders subscribed for 906,667 units for $136,000. Proceeds will fund the Cerro Caliche gold project in Sonora, Mexico and working capital.
FinancingSONORO GOLD ANNOUNCES INCREASE IN PRIVATE PLACEMENT
The non-brokered private placement announced August 20, 2025 has been increased to 10,000,000 units for gross proceeds of CAD $1,500,000, at an unchanged price of $0.15 per unit. Each unit includes one common share and one warrant exercisable at CAD $0.22 for two years from closing. Net proceeds will fund ongoing development of the Cerro Caliche gold project in Sonora, Mexico and working capital; finder's fees may be paid and TSX Venture Exchange acceptance is required.
FinancingSONORO GOLD ANNOUNCES $525,000 PRIVATE PLACEMENT
A non-brokered private placement of 3,500,000 units at CAD $0.15 per unit for gross proceeds of CAD $525,000 has been launched, with each unit comprising one common share and one warrant exercisable at CAD $0.22 for two years from closing. Finder's fees may be paid, securities carry a four-month plus one-day hold period, and the Offering is subject to TSX Venture Exchange acceptance. Net proceeds will fund development of the Cerro Caliche gold project in Sonora, Mexico, and working capital.
FinancingSONORO GOLD PROVIDES SURFACE RIGHTS UPDATE FOR THE CERRO CALICHE GOLD PROJECT
Final TSX Venture Exchange acceptance has been received for the surface rights lease agreement covering the Cerro Caliche gold project in Sonora, Mexico, giving Sonoro 100% of the surface and mineral rights, under a lease term of up to 25 years (initial 12.5 years plus a 12.5-year renewal option). The company paid US$3,125,000 to the lessor to satisfy year-1 obligations and will issue 5.0 million common shares at a deemed price of CAD$0.15. Year-1 payments were funded by US$2,900,000 in unsecured director loans at 10% annual interest plus a 7% lending fee.
CorporateSONORO GOLD PROVIDES AN UPDATE ON THE ENVIRONMENTAL PERMIT (MIA) FOR THE CERRO CALICHE GOLD PROJECT
A revised Environmental Impact Statement (MIA) for the Cerro Caliche gold project in Sonora, Mexico has been submitted to SEMARNAT, initially filed in February 2025, superseding the prior MIA submitted in May 2022, with an enhanced mine plan, additional environmental baseline studies and socio-economic assessments. The MIA describes an open-pit, heap leach operation as proposed in the August 28, 2023 Preliminary Economic Assessment. Sonoro holds 100% of the concession rights and, as announced July 4, 2025, 100% of the surface rights.
CorporateSONORO GOLD SECURES ALL SURFACE RIGHTS FOR THE PROPOSED CERRO CALICHE MINING OPERATION
A lease agreement secures all surface rights needed for the Cerro Caliche gold project in Sonora, Mexico, covering the 3,908-hectare Rancho El Cerro Prieto property including the 15 contiguous concessions (1,350 hectares), expanding to 5,007 hectares on September 1, 2028. The initial 12.5-year term requires payments of US$3,125,000 in year 1 plus 5.0 million shares, and US$6,250,000 in years 2 and 3, with US$1,000,000 already paid; a 12.5-year renewal option applies.
News
202411 releases
SONORO GOLD CLOSES C$500,000 PRIVATE PLACEMENT
A non-brokered private placement of 5,555,556 units at C$0.09 per unit closed for gross proceeds of C$500,000, with each unit comprising one common share and one two-year warrant exercisable at C$0.14. Insiders subscribed for 1,668,906 units for C$150,202; finder's fees of $6,160 and 68,446 finder's warrants were issued, and securities are subject to a hold period ending January 26, 2025. Proceeds will fund the Cerro Caliche gold project in Sonora, Mexico and working capital.
FinancingSONORO GOLD ANNOUNCES $500,000 PRIVATE PLACEMENT
A non-brokered private placement of 5,555,556 units at CAD $0.09 per unit for gross proceeds of CAD $500,000 has been launched, with each unit comprising one common share and one warrant exercisable at CAD $0.14 for two years from closing. Finder's fees may be paid, securities carry a four-month plus one-day hold period, and the Offering is subject to TSX Venture Exchange acceptance. Net proceeds will fund development of the Cerro Caliche gold project in Sonora, Mexico, and working capital.
FinancingSONORO GOLD COMPLETES CONCESSION PAYMENT AND PROVIDES CORPORATE UPDATE
A final installment of US $250,000 was paid on November 8, 2024 under a January 2018 option agreement, giving Sonoro a 100% interest in the Cerro Caliche Group of Concessions in Sonora, Mexico for total consideration of US $2.98M, representing 67% of the project's surface area. The vendor receives a 2% NSR, purchasable for US $1,000,000 per percent after year four of production. Remaining concessions are to be acquired in April 2025; permitting for a proposed 12,000 tonnes per day open-pit heap leach operation continues.
CorporateSONORO GOLD CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT
An over-subscribed non-brokered private placement of 17,500,000 units at C$0.05 per unit closed for gross proceeds of C$875,000, with each unit including one share and one three-year warrant exercisable at C$0.07. Finder's fees of $6,720 and 134,400 finder's warrants were issued; securities are subject to a hold period ending January 26, 2025, pending final TSX Venture Exchange acceptance. Proceeds will fund the Cerro Caliche gold project in Sonora, Mexico and working capital.
FinancingSONORO GOLD ANNOUNCES FULLY-COMMITTED $700,000 PRIVATE PLACEMENT
A fully committed, non-brokered private placement of 14,000,000 units at C$0.05 per unit will raise gross proceeds of C$700,000. Each unit includes one common share and one warrant exercisable at C$0.07 per share for three years from closing. Proceeds will fund ongoing development of the Cerro Caliche gold project in Sonora, Mexico and working capital; the offering is subject to TSX Venture Exchange acceptance, with certain directors and officers expected to participate.
FinancingSONORO GOLD CORRECTS DISCLOSURES RELATED TO ITS CERRO CALICHE PROJECT IN MEXICO
Following a British Columbia Securities Commission review, corrective disclosure was issued regarding potentially misleading and unbalanced statements in corporate presentations, fact sheets and investor emails about the Cerro Caliche project in Cucurpe, Sonora, Mexico. The July 1 and July 10 presentations and July fact sheet have been amended to add downside cases and NI 43-101 section 2.3 cautions, and the July 8 and July 23 email blasts were removed. The 2023 PEA used US$1,800/oz gold and US$23/oz silver, with sensitivities of US$1,600–2,000 and US$20–28.
CorporateSONORO GOLD CLOSES OVER-SUBSCRIBED $1 MILLION NON-BROKERED PRIVATE PLACEMENT
The final tranche of an oversubscribed non-brokered private placement closed for gross proceeds of C$616,079, bringing the total offering to 23,350,009 units at C$0.05 per unit for C$1,167,500. Each unit includes one common share and one three-year warrant exercisable at C$0.07. Proceeds will fund development of the Cerro Caliche gold project in Sonora, Mexico. Directors and officers subscribed for 4,983,500 units for C$249,175; the hold period ends July 29, 2024.
FinancingSONORO GOLD APPOINTS KATHARINE REGAN TO BOARD OF DIRECTORS
Katharine Regan has been appointed to Sonoro Gold Corp.'s Board of Directors, in addition to her existing roles as Vice President of Corporate Development and Corporate Secretary. She will stand for election by shareholders at the next Annual General Meeting. Regan was appointed Corporate Secretary in 2019 and Vice-President of Corporate Development in 2022, and has over 25 years' experience in business development. Sonoro holds the Cerro Caliche and San Marcial projects in Sonora State, Mexico.
ManagementSONORO GOLD ANNOUNCES CLOSING OF FIRST TRANCHE OF $1 MILLION NON-BROKERED PRIVATE PLACEMENT
The first tranche of a previously announced C$1,000,000 non-brokered private placement closed with the issuance of 11,028,429 units at C$0.05 per unit for gross proceeds of C$551,421, each unit comprising one common share and one three-year warrant exercisable at C$0.07. Directors and officers subscribed for 4,281,763 units for $214,088. Finder's fees of $3,500 and 70,000 finder's warrants were paid. Proceeds will fund development of the Cerro Caliche gold project in Sonora, Mexico; securities are held until June 17, 2024.
FinancingSONORO GOLD ANNOUNCES REVISED $1 MILLION PRIVATE PLACEMENT
Pricing of a previously announced non-brokered private placement has been revised to up to 20,000,000 units at C$0.05 per unit for gross proceeds of up to C$1,000,000. Each unit includes one common share and one warrant exercisable at C$0.07 for three years from closing, with finder's fees payable and a four-month plus one-day hold period; the offering is subject to TSX Venture Exchange acceptance. Proceeds will fund development of the Cerro Caliche gold project in Sonora, Mexico, and working capital.
FinancingSONORO GOLD ANNOUNCES $1 MILLION PRIVATE PLACEMENT
A non-brokered private placement of up to 22,222,222 units at C$0.045 per unit for gross proceeds of up to C$1,000,000 has been launched, with each unit comprising one common share and one three-year warrant exercisable at C$0.07. Finder's fees may be paid, securities carry a four-month plus one-day hold period, and the offering is subject to TSX Venture Exchange acceptance. Net proceeds will fund ongoing development of the Cerro Caliche gold project in Sonora, Mexico, and working capital.
Financing
202310 releases
SONORO FILES PRELIMINARY ECONOMIC ASSESSMENT
A NI 43-101 preliminary economic assessment for the Cerro Caliche project in Sonora, Mexico, effective August 28, 2023, has been filed, showing a pre-tax NPV5 of USD $71.4 million and 59% IRR, and an after-tax NPV5 of USD $47.7 million with a 45% IRR, using $1,800/oz gold and $23/oz silver. The open pit heap leach operation would run nine years, producing 297,575 oz AuEq, averaging 33,000 oz AuEq annually at 0.45 g/t AuEq. Initial capex is USD $15.5 million, AISC USD $1,395/oz AuEq, with 2.9-year payback.
Study resultsSONORO GOLD ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
The final tranche of a non-brokered private placement closed for additional gross proceeds of C$259,208, bringing total issuance across all three tranches to 22,600,000 units at C$0.10 per unit for gross proceeds of C$2,260,000. Each unit includes one common share and one two-year warrant exercisable at C$0.15. Net proceeds will fund development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico. Directors and officers subscribed for 92,080 units.
FinancingSONORO ANNOUNCES POSITIVE PEA RESULTS FOR CERRO CALICHE GOLD PROJECT: PRE-TAX NPV OF USD $71.4 MILLION AND PRE-TAX IRR OF 59%
A Preliminary Economic Assessment on the Cerro Caliche gold project in Sonora State, Mexico shows a pre-tax NPV5 of USD $71.4 million and 59% IRR, and an after-tax NPV5 of USD $47.7 million with a 45% IRR, using $1,800/oz gold and $23/oz silver. The open pit heap leach plan covers a nine-year mine life producing 297,575 oz AuEq, averaging 33,000 oz AuEq annually, with initial capex of USD $15.5 million, AISC of USD $1,395/oz AuEq and a 2.9-year payback.
Study resultsSONORO GOLD ANNOUNCES CLOSING OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
The second tranche of a previously announced C$3,000,000 non-brokered private placement has closed, with 3,007,920 units issued at C$0.10 per unit for gross proceeds of C$300,792, bringing total issuance to 20,007,920 units for C$2,000,792 across two tranches. Each unit includes one share and one two-year warrant exercisable at C$0.15. Proceeds will fund development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico. Directors and officers subscribed for 983,000 units.
FinancingSONORO REPORTS GOLD MINERALIZED TARGETS IN NORTHWEST REGION OF CERRO CALICHE AS POTENTIAL RESOURCE EXPANSION
Surface sampling and geologic mapping in the northwest region of the Cerro Caliche gold project in Sonora State, Mexico identified three linear structural corridors with anomalous gold, silver and base metal mineralization, plus a fourth inferred corridor, with corridor lengths of approximately 1,500, 1,400, 750 and 500 meters. Within the Northwestern Corridors Area, 608 samples of 1.0 to 2.0 meters returned assays up to 24.8 g/t Au, with average silver of 16 g/t. The area has been designated a priority drill target for resource expansion, which would raise explored known mineralized gold zones from just over 30% to about 50%.
Drill resultsSONORO ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
Shareholders approved all resolutions at Sonoro Gold's June 29, 2023 annual general meeting in Vancouver, including re-election of directors John M. Darch, Kenneth MacLeod, Stephen Kenwood, James Taylor and Curtis Turner, re-appointment of Smythe LLP as auditors, and continuation of the 10% rolling share option plan. Neil Maedel retired as Executive Director effective June 29, 2023, and Jorge Diaz was elected to the Board as Vice-Chairman. The final closing of the non-brokered private placement of up to 30,000,000 units at C$0.10 for up to C$3,000,000 was extended to on or before July 31, 2023, following a first tranche of 17,000,000 units for C$1,700,000.
CorporateSONORO GOLD ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
The first tranche of a previously announced C$3,000,000 non-brokered private placement has closed, with 17,000,000 units issued at C$0.10 per unit for gross proceeds of up to C$1,700,000, each unit comprising one share and one two-year warrant exercisable at C$0.15. Directors and officers subscribed for 13,187,260 units for $1,318,726, a related party transaction under MI 61-101. Net proceeds will fund development of a proposed heap leach operation at the Cerro Caliche gold project in Sonora, Mexico.
FinancingSONORO GOLD ANNOUNCES $3 MILLION PRIVATE PLACEMENT
A non-brokered private placement of up to 30,000,000 units at C$0.10 per unit for gross proceeds of up to C$3,000,000 has been launched, with each unit comprising one common share and one two-year warrant exercisable at C$0.15. Proceeds will fund development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico, with about 30% for infill drilling at the El Colorado and Guadalupe vein zones. The offering is subject to TSX Venture Exchange acceptance and a 4-month hold period.
FinancingSONORO GOLD FILES NI 43-101 TECHNICAL REPORT, MINERAL RESOURCE ESTIMATE FOR THE CERRO CALICHE GOLD PROJECT
An updated NI 43-101 mineral resource estimate for the Cerro Caliche gold project in Sonora, Mexico has been filed, prepared by SRK Consulting (U.S.) Inc. with an effective date of January 26, 2023. Indicated resources total 19.9 Mt at 0.44 g/t Au and 3.5 g/t Ag (280,000 oz Au, 2,240,000 oz Ag), with inferred resources of 10.5 Mt at 0.42 g/t Au and 4.0 g/t Ag (140,000 oz Au, 1,345,000 oz Ag), at a 0.20 g/t AuEq cut-off. A technical report on the economic impact is expected by end of Q2 2023.
Resource updateUPDATED MINERAL RESOURCE ESTIMATE AT CERRO CALICHE GOLD PROJECT
An updated NI 43-101 mineral resource estimate by SRK Consulting for the Cerro Caliche gold project in Sonora, Mexico, reports Indicated resources of 19.9 Mt at 0.44 g/t Au and 3.5 g/t Ag, containing 280,000 oz gold and 2,240,000 oz silver, plus Inferred resources of 10.5 Mt at 0.42 g/t Au and 4.0 g/t Ag, containing 140,000 oz gold and 1,345,000 oz silver, at a 0.20 g/t AuEq cut-off. The effective date is January 26, 2023, with a technical report to be filed within 45 days and an updated PEA expected by the end of Q2 2023.
Resource update
202218 releases
SONORO GOLD ENGAGES SRK CONSULTING TO UPDATE MINERAL RESOURCE ESTIMATE AT CERRO CALICHE GOLD PROJECT
SRK Consulting (U.S.), Inc. has been engaged to prepare an updated NI 43-101 compliant Mineral Resource Estimate for the Cerro Caliche gold project in Sonora, Mexico, incorporating an additional 7,200 meters of drilling completed in May 2022. A further technical report addressing the economic impact of the updated MRE on a proposed seven-year heap-leach mining operation will follow. The update is tied to ongoing work to secure project financing. Over 55,000 meters of drilling have been completed at Cerro Caliche.
Resource updateSONORO GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED $0.6 MILLION NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement of 4,160,732 units at $0.15 per unit closed for gross proceeds of $624,110, with each unit comprising one common share and one two-year warrant exercisable at $0.225. Directors and officers subscribed for 800,000 units for $120,000, and the company paid $3,500 in finder's fees plus 23,333 finder's warrants to GloRes Securities Inc. Proceeds will fund development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico.
FinancingSONORO GOLD ANNOUNCES $0.5 MILLION PRIVATE PLACEMENT
A non-brokered private placement of up to 3,500,000 units at C$0.15 per unit will raise gross proceeds of up to C$525,000. Each unit includes one common share and one warrant exercisable at C$0.225 per share for two years from closing. Net proceeds will fund ongoing development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico; the offering is subject to TSX Venture Exchange acceptance and a four-month hold period.
FinancingSONORO GOLD REPORTS UNDERGROUND CHANNEL SAMPLING PROGRAM AT CERRO CALICHE INCLUDING 2.0 METERS OF 7.863 GRAMS OF GOLD PER TONNE
Underground channel sampling at the Cabeza Blanca zone of the Cerro Caliche gold project in Sonora, Mexico returned 2.0 meters averaging 7.863 g/t gold, within Segment No. 2 where five saw cuts averaged 3.5 meters of 3.071 g/t Au. Thirty-four continuous channel samples were cut in a historic tunnel; Segment No. 1 averaged 3.9 meters of 0.401 g/t Au and Segment No. 3 averaged 1.86 meters of 1.789 g/t Au. The results and over 7,200 meters of new drilling will be included in an updated resource estimate.
Drill resultsSONORO ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
Shareholders approved all resolutions at Sonoro Gold's Annual General Meeting held June 30, 2022, in Vancouver, BC, including the re-election of directors John M. Darch, Kenneth MacLeod, Neil Maedel, Stephen Kenwood, James Taylor and Curtis Turner, the re-appointment of Smythe LLP as auditors, and an amended and restated 10% rolling share option plan, subject to TSX Venture Exchange approval. The Board appointed MacLeod, Kenwood and Turner to the Audit and Compensation Committees and reappointed existing officers.
CorporateSONORO GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED $3 MILLION NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement of 20,050,000 units at $0.15 per unit closed for gross proceeds of $3,007,500, with each unit comprising one common share and one warrant exercisable at $0.225 for two years. Directors and officers subscribed for 4,716,828 units totalling $707,524, and the Company paid $36,599.49 in finder's fees and issued 243,997 finder's warrants. Net proceeds will fund development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico.
FinancingSONORO FILES UPDATED PRELIMINARY ECONOMIC ASSESSMENT ON SEDAR
An updated NI 43-101 preliminary economic assessment on the Cerro Caliche project in Sonora, Mexico, with an effective date of May 9, 2022, has been filed on SEDAR. The open pit heap leach plan runs at 8,000 mtpd for two years then 15,000 mtpd, over a 7-year life producing 344,500 oz AuEq, averaging 45,000 oz AuEq annually, with initial capex of USD $26 million, AISC of USD $1,333/oz AuEq, after-tax NPV5 of USD $53.5 million and 45.6% IRR at $1,750/oz gold.
Study resultsSONORO GOLD INCREASES PRIVATE PLACEMENT TO $2.4 MILLION
A previously announced non-brokered private placement has been increased from 13,500,000 Units to 16,000,000 Units for gross proceeds of up to $2,400,000, priced at $0.15 per Unit, each with one common share and one warrant exercisable at $0.225 for two years. Directors and officers are expected to subscribe for 4,516,828 Units for $677,524, a related party transaction. Finder's fees may be paid; the offering is subject to TSX Venture Exchange acceptance and a 4-month hold.
FinancingSONORO GOLD COMPLETES PHASE IV DRILLING PROGRAM AT CERRO CALICHE
The Phase IV drilling program at the Cerro Caliche gold project in Sonora, Mexico has been completed, totalling over 7,200 metres of reverse circulation drilling in 63 holes. Final assays from seven holes at the Abejas zone, situated outside the resource pit shell, included SCR-321 with 15.24m averaging 1.336 g/t Au, including 4.57m at 3.657 g/t Au, and SCR-322 with 18.29m averaging 0.785 g/t Au, including 1.52m at 4.88 g/t Au. An updated resource estimate is scheduled for fall 2022.
Drill resultsSONORO GOLD ANNOUNCES $2 MILLION PRIVATE PLACEMENT
A non-brokered private placement of up to 13,500,000 units at C$0.15 per unit for gross proceeds of up to C$2,025,000 will be undertaken. Each unit includes one common share and one warrant exercisable at C$0.225 for two years from closing. Net proceeds will fund ongoing development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico. Finder's fees may be paid; the offering is subject to TSX Venture Exchange acceptance and a 4-month hold period.
FinancingSONORO GOLD REPORTS HIGHER-GRADE INTERCEPTS AND EXPANDS GOLD MINERALIZATION AT CERRO CALICHE GOLD PROJECT
Assay results from 10 further drill holes at the Cerro Caliche gold project in Sonora, Mexico included 1.52 meters averaging 9.57 g/t Au and 28.95 meters averaging 1.021 g/t Au in SCR-318, 10.67 meters averaging 1.183 g/t Au in SCR-315, and 21.34 meters averaging 0.557 g/t Au in SCR-313. The intercepts at El Colorado and Buena Suerte lie outside the pit shells used in the May 9, 2022 updated PEA resource estimate. Results from seven holes at Abejas are pending and will be announced next month, concluding Phase IV drilling; an updated resource estimate is scheduled for summer 2022.
Drill resultsSONORO GOLD REPORTS HIGH GRADE INTERCEPTS AT CERRO CALICHE INCLUDING 9.14 METERS AVERAGING 9.577 GRAMS OF GOLD PER TONNE
Drilling at the Cerro Caliche gold project in Sonora, Mexico returned 9.14 metres averaging 9.58 g/t Au in hole SCR-307, including 6.09 metres at 14.17 g/t Au and 1.52 metres at 38.3 g/t Au, plus 36.5 metres averaging 0.54 g/t Au in SCR-305 and 6.10 metres averaging 1.37 g/t Au in SCR-309. The intercepts lie outside the pit shells used in the September 2021 resource estimate. The drill campaign is complete, with final assays due in June and an updated resource estimate incorporating 7,200 metres in 63 holes scheduled for fall 2022.
Drill resultsSONORO GOLD WITHDRAWS PRIVATE PLACEMENT
A previously proposed non-brokered private placement of up to 17,000,000 units at C$0.18 per unit, announced April 25, 2022, has been withdrawn due to current capital market conditions. Sonoro Gold said it will continue to monitor market conditions to determine a more favourable time to seek additional financing. The company holds the Cerro Caliche and San Marcial projects in Sonora State, Mexico.
FinancingSONORO ANNOUNCES POSITIVE UPDATED PEA RESULTS INCREASING PRE-TAX NPV TO USD $84.4 MILLION AND PRE-TAX IRR TO 74.9%
An updated NI 43-101 preliminary economic assessment for the Cerro Caliche gold project in Sonora State, Mexico shows a pre-tax NPV5 of USD $84.4 million and IRR of 74.9%, and an after-tax NPV5 of USD $53.5 million with a 45.6% IRR, at $1,750/oz gold and $22/oz silver. The optimized open pit heap leach plan runs 8,000 mtpd for two years rising to 15,000 mtpd, over a 7-year life producing 344,500 oz AuEq, with initial capex of USD $26 million, AISC of USD $1,333/oz and 2.2-year payback. It uses the October 29, 2021 resource estimate and excludes about 7,000 metres of drilling, with an updated resource due in fall 2022.
Study resultsSONORO GOLD ANNOUNCES $3 MILLION PRIVATE PLACEMENT
A non-brokered private placement of up to 17,000,000 units at C$0.18 per unit for gross proceeds of up to C$3,060,000 will be undertaken, with each unit comprising one common share and one warrant exercisable at C$0.30 for two years from closing. Finder's fees may be paid and the offering is subject to TSX Venture Exchange acceptance, with a 4-month Canadian hold period. Proceeds will fund permitting, land agreements, drilling and technical studies for a proposed heap leach operation at the Cerro Caliche gold project in Sonora, Mexico.
FinancingSONORO GOLD REPORTS HIGH GRADE INTERCEPTS AT CERRO CALICHE INCLUDING 10.67 METERS OF 9.02 GRAMS OF GOLD PER TONNE
Assay results from 15 additional drill holes at the Cerro Caliche gold project in Sonora, Mexico included SCR-299, which intercepted 10.67 meters averaging 9.018 g/t Au, including 6.10 meters averaging 15.558 g/t Au at a depth of 64.01 meters. Other holes returned 12.19 meters averaging 0.874 g/t Au and 7.62 meters averaging 2.262 g/t Au (SCR-293), and 10.67 meters averaging 0.497 g/t Au at El Bellotoso (SCR-301). The Phase IV program is expected to be completed by early May, with remaining results at the end of May.
Drill resultsSONORO GOLD REPORTS MULTIPLE HIGH GRADE GOLD INTERCEPTS AT CERRO CALICHE INCLUDING 27.43 METERS OF 5.36 GRAMS OF GOLD PER TONNE
Initial assays from the first 24 holes of a 10,000-metre drilling campaign at the Cerro Caliche gold project in Sonora, Mexico returned 27.43m averaging 5.36 g/t Au in SCR-286, including 4.57m of 22.09 g/t Au and 1.53m of 46.5 g/t Au. At Guadalupe, SCR-277 cut 22.86m of 1.55 g/t Au and SCR-280 cut 3.05m of 19.56 g/t Au. Thirty holes are complete; assays on further holes are pending.
Drill results