SMOFF - Sonoro Gold files Preliminary Economic Assessment on Cerro Caliche Project in Mexico

(NewsDirect)

Sonoro Gold Corp CEO Kenneth MacLeodjoined Steve Darling from Proactive to shared significant newsregarding the company's Cerro Caliche Project in Sonora, Mexico.Sonoro Gold Corp has announced the filing of a Preliminary EconomicAssessment (PEA) for the Cerro Caliche Project. The PEA outlines thepotential viability of a nine-year life of mine, open-pit, heap leachmining operation.

The operation isexpected to have an initial two-year production rate of 4,000 metrictonnes per day, with an increase to 12,000 mtpd for the remaining lifeof the mine. MacLeod highlighted the positive results from the PEA,which include a Pre-Tax net present value discounted at 5% of $71.4million and a Pre-Tax Internal Rate of Return of 59%. On an After-Taxbasis, the NPV5 is $47.7 million, with an IRR of 45%. The project isestimated to achieve a gold recovery rate of 72% and a silver recoveryrate of 27%. The payback period is expected to be 2.9 years.

These results from the PEA underscore the economic potential ofthe Cerro Caliche Project and highlight its attractiveness as avaluable mining opportunity. Sonoro Gold Corp continues to advance itsexploration and development efforts, aiming to unlock the fullpotential of this promising project.

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