SMOFF - Sonoro Gold Corp not hanging around at Cerro Caliche - Proactive Research Analyst
(NewsDirect)
Proactive Research Analyst Ryan Longspeaks to Thomas Warner from Proactive London after releasing a newreport on Sonoro Gold Corp., focusing on the recent publication of thePreliminary Assessment (PEA) for their Cerro Caliche project.
With only 30% of known gold occurrencesexplored, the company aims to rapidly advance the project intoproduction to generate cash flow and minimise reliance on equitymarket placements. Diverging from the traditional explorationapproach, Sonoro Gold has already identified 400,000 oz of oxide gold,which requires less resource-intensive processing.
This enables a low capital expendituremine construction at $15.5 million USD. The company's recentplacement, where directors subscribed to 71% of the offering,underscores their confidence in executing this strategy. Lookingahead, Sonoro Gold is awaiting mining permits and actively pursuingfunding for mine construction.
Read Ryan's report here: https://www.proactiveinvestors.co.uk/companies/news/1025111/sonoro-gold-s-robust-pea-1025111.html
ContactDetails
Proactive Canada
+1 604-688-8158
na-editorial@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.