Vancouver, BC – July 28, 2015 – Sonoro Metals Corp. (TSXV: SMO)(“Sonoro”), and Northern Empire Resources Corp. (“Northern Empire”), today announced an extension of the first phase (“Phase 1”) exploration program on the Hilltop Gold Project (“Hilltop”) located near Fairbanks, Alaska, USA.
The extension to the Phase 1 exploration program is budgeted at C$100,000 and will commence within the next 2 weeks. The scope of the work is designed to expand upon the recently completed C$250,000 Phase 1 program (See June 17, 2015 news release). Results of Phase 1 will be released upon receipt and full review.
About the Hilltop Gold Project
Hilltop is an exploration stage gold project located 70 km southeast of Fairbanks, Alaska and 70 km northwest of Delta Junction in east-central interior Alaska. Gold producers in the region are Sumitomo’s Pogo mine (4.973 million ounces at 12.5 g/t gold; http://www.sumitomocorp.co.jp/files/topics/25649_ext_31_en_0.pdf ) located 75 km to the east and Kinross’s Fort Knox mine (3.8 million ounces at 0.45 g/t gold; http://www.kinross.com/operations/operation-fort-knox-alaska-usa.aspx ) located 135 km to the north.
The 31,720 acre (12,836 hectare) Hilltop property is bordered on the south by the all-weather and paved Richardson Highway. In addition, Hilltop is proximal to high power electrical transmission lines and the Trans-Alaska Pipeline. Access into the interior of the property from the Richardson Highway is via a new system of logging roads and trails which makes most points within Hilltop accessible for exploration activities.
Northern Empire holds a 100% interest in the Hilltop property within the broader Richardson Gold District (excluding placer gold). Northern Empire has granted Sonoro an option to earn a 60% interest in Hilltop through the expenditure of C$3,000,000 on exploration activities at Hilltop and the issuance of 1,000,000 Sonoro shares to Northern Empire prior to December 31, 2019.
Stephen Kenwood, P. Geo. is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for this news release. Readers are cautioned that the presence of mineralization on properties adjacent to or in proximity to Hilltop is not necessarily indicative of alteration and mineralization on Hilltop.
About Sonoro Metals Corp.
Sonoro Metals Corp. is a mineral exploration company with a portfolio of properties in Alaska, USA; Sonora State, Mexico; and British Columbia, Canada. Exploration on the Hilltop Gold Project in Alaska is being managed by Sonoro’s project partner, Northern Empire Resources Corp. under the direction of its Chairman, John Robins, P.Geo. Sonoro has a skilled exploration team in Mexico, headed by Hermosillo-based Chief Geologist Melvin Herdrick, with over 35 years of experience, including 9 years as Chief Geologist for Phelps Dodge in Mexico and 5 years as VP of Exploration for Pediment Gold Corp. until its takeover by Argonaut Gold in 2011. Sonoro’s Chief Operating Officer, Stephen Kenwood, P.Geo., has over 20 years of experience in mineral exploration and development.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
President & CEO
For further information, please contact:
Sonoro Metals Corp. – Tel: (604) 632-1764
Forward-Looking Statement Cautions:
This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, including statements regarding the completion of a proposed Offering and the use of the Offering proceeds to further explore the Company’s Cerro Caliche project. Although the Company believes that such statements are reasonable, 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. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the inability of the Company to secure sufficient subscriptions to complete the Offering, the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other governmental clearances, necessary to carry out the Company’s exploration plans, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s reports, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects
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.
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