Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP),
(“Sonoro” and the “Company”), reports that a comprehensive program
of 3D modeling, mapping and sampling is currently underway at the
Company’s Cerro Caliche gold project in Sonora State, Mexico. The
program is a continuation of the Company’s strategy of
systematically exploring Cerro Caliche as it concurrently advances
its proposed heap leach pilot operation (HLPO). Drilling to
date continues to outline shallow, bulk tonnage gold mineralized
zones with grades similar to operating heap leach mines in the
region.
The Phase 1 & II exploration programs
accomplished Sonoro’s objective of identifying gold-silver
mineralization which the Company believes will support the proposed
HLPO, while at the same time indicating that considerable potential
remains for the discovery of additional gold mineralization.
Currently only 30% of Cerro Caliche’s potential mineralized areas
have been drill tested, while potentially all of the 17 mineralized
zones so far identified at Cerro Caliche remain open to expansion
along strike. The current program is intended to further refine and
maximize the impact of Phase III drilling which is expected to
commence in November 2019. Approximately 7,000 meters of drilling
is planned and is budgeted to cost US$1,600,000. The proposed
budget includes the costs for reverse circulation (RC) and diamond
drilling, and metallurgical testing and assays.
Cerro Caliche gold mineralization is
predominantly structurally controlled and found in broad zones of
more densely veined bodies, giving its extensive gold
mineralization a relatively high level of predictability, as is
demonstrated by the fact that Sonoro has encountered gold
mineralization in all of the 96 holes it has drilled.
Consequently, the most immediate areas of potential resource growth
are expected to come from two technical initiatives, both
beneficiaries of the Cerro Caliche’s geological predictability. The
first is the Company’s work to further expand and define the limits
of already known resources, while the second is its continued
drilling to test recently established zones of gold
mineralization.
The Phase III drilling program, which is
expected to take approximately 6 months, is planned to include
step-out drilling to extend the strike lengths of the known
mineralized zones within the Central and Western regions,
specifically the Japoneses, Chinos NW, Buena Suerte. Abejas,
Cuervos and El Colorado zones. The Japoneses and Cabeza Blanca
zones in particular, are both expected to extend along their
respective strikes by at least 100 meters to the north.
Infill drilling is also planned for these zones in part to support
a more complete block model for the planned HLPO, while their
respective gold grades and depth potential is further
explored.
Diamond drilling is planned to test the Veta de
Oro, La Espanola, Cuervos and Guadalupe/Cabeza Blanca zones, where
previous scout holes reported intervals of high-grade vein gold
mineralization. In this next Phase III program, scout
drilling is planned for two new areas. The first is El Quince/ San
Quintin which is a kilometer-long zone Southwest of Cerro Caliche
Central (CCC). The second is called Veta Abel which is
approximately 1.5 kilometers east of CCC. Further to the southeast
and also to the northwest of CCC, are regional mineralized vein
systems covering more than a square kilometer each. While mapped,
they have yet to be systematically detail sampled and drilled by
the Company. Geological mapping and sampling are underway and
from this work, scout drill targets are also expected to be
generated.
A total of 10,328 meters has been drilled and
assayed to date in the first two phases of the program with 96
drill holes for an average drill hole length of 107.6 meters, all
inclined. The combination of historic and current exploration
drilling now totals 23,679 meters in 212 drill holes in addition to
more than 6,000 surface samples.
To view more information on the preparatory work
program for the Phase III drill program, please click here or visit
the Sonoro website www.sonorometals.com
Geologic DescriptionCerro
Caliche is located 45 kilometers east southeast of Magdalena de
Kino in the Cucurpe-Sonora Mega-district of Sonora, Mexico.
Multiple historic underground mines 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
concessions 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.
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 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 METALS
CORP.Per: “Kenneth
MacLeod”
KENNETH
MACLEOD
President & CEO
For further information, please contact:Sonoro
Metals Corp. - Corporate Communications: Bill Campbell – Tel: (604)
565-5609Email: bill@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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