Sonoro Gold Corp

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Fact Sheet - Why Sonoro

Sonoro Gold Closes Cad $15.5M Private Placement Highlights

  • Oversubscribed Non-brokered private placement of 62M units at C $0.25 for $15.5M.
  • Each unit consists of one share and one three-year warrant at C $0.34 per share.
  • All securities will be subject to a 4-month hold, plus one day from closing date. 
  • Participants in the financing are primarily sophisticated investors and insiders will participate for 5.5M units for proceeds of $1.38M.
  • Proceeds will be used to advance the on-going development of the Cerro Caliche gold project in Sonora, Mexico including:
  • 50,000-Meter Drilling Program 
    • Infill drilling at several known gold mineralized zones to potentially increase the size, grade and classification of the project’s current mineral resource. 
    • Expansion drilling at certain mineralized corridors where occurrences suggest consistent geology and the potential extension of mineralization.
    • Expansion drilling to confirm structural continuity of mineralized corridors into the recently acquired northern and eastern concessions.
    • Integrated exploration approach will incorporate structural reinterpretation, modern geophysics, 3D geological modeling and systematic drilling programs.
  • Land consolidation 
    • Acquisition of 11 contiguous mineral concessions along strike and adjacent to the project’s northern and southern boundaries. 
    • Binding Letters of Intent for 100% interest in 24 contiguous mineral concessions with extensive historical data from multiple exploration programs. 
    • Binding Letter of Intent for 51% interest in five contiguous mineral concessions with historic findings of mineralized intersections that may continue at depth.
    • No shares issued and no Royalty granted on the new concessions.
    • Project expands to 9,001 hectares, plus 51% interest in another 454 hectares.
  • Cerro Caliche is in the final permitting stage for an initial open-pit, heap leach mineral operation.
  • Updated 2026 PEA demonstrates potential viability for an initial ten-year mining operation at 16,000 tpd.
  • PEA based on only approximately 30% of the known mineralized zones identified on the original 1,350-hectare property.
  • Utilizing a gold price of USD $3,500 per ounce, report highlights an after tax NPV8 of USD $224M and an IRR of 50%.
  • Utilizing the spot gold price of USD $5,186 per ounce, at the time of the report, it highlights an after tax NPV8 of USD $525M and an IRR of 91%.