SONORO ANNOUNCES POSITIVE PEA RESULTS FOR CERRO CALICHE GOLD PROJECT: PRE-TAX NPV OF USD $71.4 MILLION AND PRE-TAX IRR OF 59%
VANCOUVER, Canada, Aug. 28, 2023 (GLOBE NEWSWIRE) — Sonoro Gold Corp. (TSXV: SGO | OTCQB:SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce the positive results of an independent Preliminary Economic Assessment (“PEA”) on the Company’s Cerro Caliche gold project located in Sonora State, Mexico. The PEA demonstrates the potential viability for a nine-year life of mine (“LOM”), open pit, heap leach mining operation with an initial two-year production rate of 4,000 metric tonnes per day (“mtpd”) and an increase to 12,000 mtpd for the remaining LOM.
Related news for (SMOFF)
- SONORO GOLD CLOSES C$500,000 PRIVATE PLACEMENT
- Sonoro GOLD Announces $500,000 Private Placement
- SONORO GOLD COMPLETES CONCESSION PAYMENT AND PROVIDES CORPORATE UPDATE
- SONORO GOLD ANNOUNCES CLOSING OF FIRST TRANCHE OF $1 MILLION NON-BROKERED PRIVATE PLACEMENT
- SONORO GOLD ANNOUNCES $1 MILLION PRIVATE PLACEMENT