April 3, 2024
Sonoro Gold Corp. (TSXV:SGO, BUY, C$0.25 target, Timothy Lee) closed its non-brokered private placement by issuing a total of ~23.4M units at C$0.05/unit for ~C$1.2M. Net proceeds are expected to be used to fund the ongoing development of its 100%-owned, flagship Cerro Caliche Au project in Sonora State, Mexico. Cerro Caliche is host to a 2023 I&I resource containing ~440,000 oz AuEq and remains open for expansion, with a potential target of an additional 120,000-275,000 oz AuEq (read initiation report). We look forward to the receipt of final permits, assays from high-grade targets in the western part of the project, the completion of financing, and the start of construction. Read more
Company Specific Disclosure Details
Sonoro Gold Corp. – TSXV:SGO – 3,6,8
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