VANCOUVER, Canada, March 9, 2015, Sonoro Metals Corp. (TSXV: SMO) (“Sonoro” or the “Company”), announces the completion of drill hole SF14-1 at the Company’s Monroe Property located in the Sullivan Corridor of southeastern British Columbia. The hole was drilled to a final depth of 1,114 meters passing through both the “Sullivan Time Horizon” and the lower targeted sequence. Although no base metal mineralization was encountered in either horizon, significant geologic data was obtained. No further drilling is planned for the western side of the 1,282 hectare Monroe property.
A strong UTEM geophysical electromagnetic anomaly exists in the eastern side of the Monroe property and is associated with the Sullivan mine sequence projected at 650-700 meters in depth. Holes drilled up to 3 km east of this anomaly have consistently encountered intersections of Sullivan distal style lead-zinc mineralization. The strength of this mineralization appears to be increasing toward the UTEM anomaly.
The company intends to evaluate all historic drill data prior to making a decision on further exploratory drilling at the Monroe Property.
The 1,282 hectare Monroe Property is located approximately 20 km south of Cranbrook, British Columbia and 40 km south of the former giant class Sullivan Zinc-Lead-Silver mine. Cominco Ltd. operated the Sullivan mine continuously from 1900 to 2001, yielding 160 million tons of ore grading 6.5% lead, 5.6% zinc and 2 oz/ton silver.
The Monroe Property is situated at the intersection of two major Proterozoic aged crustal structures, specifically the Moyie Fault and the Sullivan Corridor. The property hosts a large volume of Sullivan-type alteration and a gabbro sill-dyke complex fringing a third-order basin, which is developed at the Sullivan Time interval. Past work on the Monroe project dates from the discovery of the adjacent Fors Zinc-Lead-Silver massive sulphide prospect in 1966 by Cominco Ltd.
The property is held under an option agreement with Eagle Putt Ventures Inc. (“Eagle Putt”) whereby Sonoro can earn a 50% interest through exploration and development expenditures of $2,500,000 over 4 years and pay Eagle Putt $400,000 in staged option payments over that same 4-year period (the “Option”). Following exercise of the Option, the parties may enter into a 50/50 joint venture to further advance the exploration and development of the Monroe Property.
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 alteration and mineralization on properties adjacent to or in close proximity to the Monroe property is not necessarily indicative of alteration and mineralization on the Monroe property.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
President & CEO
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
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