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Sonoro Metals Corp (2)
Symbol SMO
Shares Issued 42,469,317
Close 2020-04-28 C$ 0.12
Market Cap C$ 5,096,318
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Sonoro Metals releases Cerro Caliche development report

2020-04-28 10:53 ET - News Release

Mr. Kenneth MacLeod reports

SONORO RELEASES CERRO CALICHE PROJECT DEVELOPMENT REPORT

Sonoro Metals Corp. has released the Cerro Caliche project development report. The report summarizes the results of work to advance the company's understanding of the mineralized system that 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-sulphidation epithermal system, and related potential for significantly higher grades at depth. It also includes two grade multiplied by thickness modelling tools, namely longitudinal 3-D 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 engineering, procurement and construction 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, 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 chief executive officer 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, PGeo, 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 kilometres. All of the quartz veins sampled carried more than one g/t Au. Many returned high grades ranging from four 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 neighbouring Mercedes mine regions."

The report can be accessed on the company's website.

Statement of qualified person

Stephen Kenwood, PGeo, 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 is an exploration and development company with two precious-metal properties in Sonora, Mexico. The company has highly experienced operational and management teams with proven records for the discovery and development of natural resource deposits.

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