VANCOUVER, Canada, February 25, 2014, Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO), announces that drilling has resumed at the Company’s Monroe Property located in the Sullivan Corridor of southeastern British Columbia. Sonoro’s geological team has compared data from the current hole with data from several exploration holes drilled in the vicinity of the Monroe property, resulting in a recommendation to extend the drill hole from its current depth of 854 meters to a projected target of 1,200 meters to test the Sullivan Footwall Quartzite interval. British Columbia-based Orofino Drilling Ltd. was selected to complete the hole and drilling has progressed below the location of the original stoppage.
In December 2014, drilling at the Monroe Property was progressing through the first stratigraphic interval within the sub-basin, namely the Sullivan Time interval and was proceeding through a gabbro sill, when progress was temporarily halted as a result of the drill rods becoming stuck. The resulting delay presented an opportunity for Sonoro to conduct petrographic analyses of core from the Monroe and neighbouring drill holes to broaden the understanding of the regional structure.
“Our review of the core indicates that a 3.6 meter wide zone of extremely intense alteration consisting of albite, sericite and thulite was encountered at a depth of 818 meters and is present as a screen of sediment within the gabbro sill,” said Monroe technical advisor, Gordon Leask, P.Eng. “Such alteration is extremely rare but was also encountered in the adjacent Fors massive sulphide vent complex located approximately 1 km to the west of the current drill hole and is believed to be related.”
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. The depocentre is a 1 km-by-1 km sub-basin which has not been previously evaluated by drilling. The Sullivan deposit is hosted in a similar geologic setting. 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 most recent investigation comprised a major drill campaign in 1997.
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 anticipate that they will 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”
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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