Newlox Gold appoints Petryshen as corporate secretary
Newlox Gold Ventures Corp. has appointed Frances Petryshen as corporate secretary. Ms. Petryshen has been providing corporate secretarial services to reporting issuers for over 30 years, using her experience to provide effective and practical solutions to continuous disclosure and governance requirements. She has held roles as director, corporate secretary, compliance officer and chief financial officer, for a number of entities throughout her career.
Currently, Ms. Petryshen provides compliance and corporate secretarial and compliance consulting services to several companies, private, Canadian Securities Exchange, Toronto Stock Exchange and TSX Venture Exchange issuers. Most recently, she was corporate secretary for Balmoral Resources Ltd. until acquired by Wallbridge Mining Limited in May, 2020.
Ms. Petryshen is a chartered secretary, accredited director and a fellow with the Chartered Governance Institute of Canada (FCG), where she had served as a director of the British Columbia branch of the institute for over 10 years.
A message from Ryan Jackson, president and chief executive officer:
“We are delighted to welcome Frances to the Newlox Gold team. She brings a tremendous level of experience in the role of corporate secretary, elevating the company’s corporate governance capabilities. The addition of Frances to Newlox Gold’s corporate team, and the recently announced appointment of Wilmer Niquen as vice-president of operations, add depth to the company’s management capabilities and will support our growth plans in 2022 and beyond.”
- Published in Newlox Gold, News Home
Sirona Biochem Renews Agreement with CURE Intelligence for Marketing and Communications Support
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (US-OTC: SRBCF) (“Sirona”) is pleased to announce that it has renewed an agreement with Luxembourg-based analytics and marketing specialist CURE Intelligence for marketing intelligence services and communications support.
The agreement has been signed for an additional year of services.
“We have been utilizing the powerful tools provided by CURE Intelligence which keep us informed on relevant market developments and opportunities that relate to our growing pipeline of projects. We have benefited greatly from the intelligence provided to our team members both for scientific and business development opportunities,” said Dr. Howard Verrico, CEO of Sirona Biochem. “We look forward to continuing our relationship with the team at CURE. They have proven their ability to add significant value and improve our communications and market intelligence. We continue to fine-tune these services as we utilize their full potential well beyond communication support.”
“In 2021, Sirona Biochem achieved a very significant milestone with the launch of a commercial product containing a Sirona compound. A great deal of progress was made in business development and scientific research which provides an excellent basis for further positive developments in 2022. We are very much looking forward to continuing to provide Sirona Biochem with relevant market information and contacts, and to raise awareness of the company and its products among investors, partners and the trade press,” comments Marco Feiten, Managing Director at CURE Intelligence.
About CURE Intelligence
Founded in 2009, CURE specializes in the field of media monitoring and analysis, data intelligence, social media communications and marketing. CURE helps its clients make better decisions and improve internal and external communication by effectively combining analytics and marketing.
CURE is a public limited company with its headquarters in Grevenmacher, Luxembourg and a subsidiary in Cologne, Germany. CURE works with internationally renowned clients from Germany, Luxembourg, Brazil, Canada and the U.S. For more information, please visit www.cure-intelligence.com.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
For more information regarding this press release, please contact:
Investor Enquiries:
Jonathan Williams
Managing Director
Momentum PR
Canada
Phone: 1.450.332.6939
Email: jwilliams@momentumpr.com
- Published in News Home, Sirona Biochem
Glen Eagle Corporate Update
Glen Eagle Resources (TSX V :GER) (OTC:GERFF) ( “ Glen Eagle ” the “ Company”, or “ GER ”) is pleased to report that the private placement closed on December 29, 2021, was mostly purchased by three shareholders with international exposure to the mining industry. These shareholders own a combined 14 million shares and have taken an active role in assisting the Company in shipping, credit facilities, spare parts logistics and on time delivery. With their added participation, approximately 65 million shares or 50% of all outstanding shares are controlled by a small group of investors dedicated to support Glen Eagle’s goals.
On June 16, 2021, the Company issued a news release regarding Cycladex gold extraction technology developed by Nobel Prize winner Sir Frazer Stoddart and supported by the National Science Foundation SBIR. Since then, the Company has been in regular contact with Cycladex. It is currently expecting laboratory data and results on samples provided by Cobra Oro.
The Company plans to apply Cycladex green technology at first to process 50,000 tons of tailings grading 1.2 g/Au per ton already in situ at Cobra Oro plant site. The implementation cost is relatively inexpensive and would require adding a separate circuit and recommissioning of Cobra Oro second ball mill.
The Company will bring an additional update shortly on its mining concessions, ongoing drilling program and production. The latter doing very well in its ramped-up phase under the supervision of COO, Karl Trudeau.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Jean Labrecque
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Quebec
J4S-1H1
514-808-9807
- Published in Glen Eagle, Mining, News Home
Newlox Appoints UN Renowned Gold Recovery Specialist as VP of Operations
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LU X.CN) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce the appointment of Wilmer Ñiquen as VP of Operations for the Company. Mr. Ñiquen became operational lead engineer at the Company’s first environmentally and socially responsible gold recovery plant (Plant 1) at the end of 2021. Additionally, he oversees the construction of the Company’s second processing plant in Costa Rica, the Boston project, and will be instrumental in Newlox’s planned expansion into the Brazilian market.
Wilmer Ñiquen brings over 24 years of experience as a metallurgical engineer who has successfully built, optimized, and operated numerous precious metals production facilities in Peru, Ecuador, Colombia, and Brazil. His specialties include gravimetric ore concentration, flotation, chemical leaching, carbon elution, Merrill–Crowe recovery, smelting, refining, as well as wastewater and tailings management.
Mr. Ñiquen has been recognized by the United Nations Industrial Development Organization (UNIDO) as an International Expert in Mineral Beneficiation following work undertaken in Colombia and Peru in collaboration with the United Nations and US State Department. He is also, fortunately for Newlox, familiar with Brazilian mining, having served as the Technical Manager of the MULTIFLOTACAO Project, a 1,000 tonne per day facility in Mato Grosso State, Brazil.
At Newlox Gold, Mr. Ñiquen’s is ramping up operations at Project 1. Recently he reviewed the operational performance and identified necessary improvements required to maintain high precious metals recovery through completion of the ramp-up to full-scale. A comprehensive laboratory investigation triggered a combination of changes to the milling circuit and an enhanced reagent cocktail to increase throughput while maintaining excellent efficiency.
Mr. Ñiquen and his team are implementing the Plant 1 ramp-up and executing the necessary changes. To resolve the availability of supplies, the Company sourced the necessary materials in December of 2021. Newlox has ordered the supplies from multiple sources, with some of the required reagents already delivered and large reserve amounts being stockpiled on site. Others are currently en route to Newlox Gold’s operations.
Management is proud of the operations team and their consistent monthly progress in the face of typical ramp-up challenges, as well as the daunting current global logistics. Operations management are confident they will achieve the Company’s goal of processing, at base-case full-scale, 80 tonnes per day of artisanal tailings feedstock at Plant 1, with gold recovery expected to exceed 6,500 ounces per year.
Mr. Ñiquen is also supervising construction contractors at the Boston Project, which is expected to recover over 20,000 ounces of gold per year at full scale. The engineering, permitting, earthmoving, site preparation, and procurement stages of the construction timeline have been completed. Substantial amounts of the crushing circuit and material handling equipment have been prefabricated at the construction contractor’s facility for delivery to the site. A delay in the delivery of the primary ball mill, caused by the unexpected cancellation of the original order, has been overcome by procurement from an alternative source, with the new ball mill now en route.
Over the past six months, unusual supply chain conditions have made it difficult to provide precise and accurate operational timelines. The Company will avoid providing near-term guidance until some degree of stability returns. Management is proud of our team’s accomplishments and remains dedicated to achieving stated goals.
Newlox Gold is making steady progress in all its initiatives and remains adequately funded to complete Project 1 and the Boston expansion. Newlox Gold will continue to update the market as it achieves milestones towards its goal of becoming the first ESG-focused medium-sized gold producer.
A Message from Ryan Jackson, President & CEO:
“We are delighted to welcome Wilmer Ñiquen to the Newlox Gold team. Wilmer is an extraordinary engineer with an impressive history of building, commissioning, and operating successful precious metals plants in Latin America. He has proven himself time and time again in the field. We are particularly fortunate to have access to many of the region’s best engineers, many of whom have worked closely over many years with Newlox Gold’s Chief Technical Advisor, Dr. Marcello Veiga.
Wilmer has reviewed and confirmed the Company’s fully-funded development plans and takes the helm with strong support from Newlox’s existing operations and management team. He has a demonstrated unique ability to work practically and solve problems in real-time. I recently had the pleasure of working with Wilmer during a visit to the Company’s facilities and look forward to building our dream together over the coming years.”
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493
- Published in Newlox Gold, News Home
Usha Resources Engages Investing News Network
Usha Resources Ltd. (“USHA” or the “Company”) (TSXV:USHA)(OTCQB:USHAF) is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the “Agreement“) with Dig Media Inc. dba Investing News Network (“INN“). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007.
INN will introduce the Company to INN’s audience of educated, active investors. Using a variety of methods including an Enhanced Advertiser Profile, News Marketing, website and newsletter advertising and dedicated emails, INN will encourage its audience to engage directly with the Company to consider investing in the Company. INN does not provide investor relations or market-making services as defined by TSX Venture Exchange (the “TSXV“) policies. The engagement is subject to acceptance by the TSXV.
Under the terms of the Agreement with INN, the Company has agreed to pay INN $29,000 for the campaign, payable in cash in installments of $4,833.33 per month. INN currently holds 96,667 common shares in the Company.
“We are very pleased to be working with INN to expand our audience,” stated Deepak Varshney, P.Geo., CEO of the Company. “With their experience in the mining industry and our portfolio of nickel, copper, and gold assets, we are confident that they will be able to help increase awareness of Usha Resources as we move forward into a very exciting year ahead.”
About Usha Resources Ltd.
Usha Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada. Usha is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Northwest Ontario, Canada and the Lost Basin Gold Mining District in Mohave County, Arizona, U.S.A. Usha increases shareholder value through the acquisition and exploration of quality precious and base metal properties and the application of advanced state-of-the-art exploration methods. Usha’s portfolio of strategic properties provides diversification and mitigates investment risk.
We seek Safe Harbor.
USHA RESOURCES LTD.
“Deepak Varshney” CEO and Director
For more information, please phone James Berard, Investor Relations, at 778-228-2314, email jberard@usharesources.com, or visit www.usharesources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
- Published in Mining, News Home, Usha Resources
Mosaic Minerals Intersects 0.32% Nickel Over 121.50 Meters on Gaboury
Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “the Corporation”) announces that it intersected in hole GA-21-07 a 165 m zone showing a grade of 0.26% Ni including 121.5 m at a grade of 0.32% Ni and 0.40% Ni over 15 meters on the Gaboury project, in Témiscamingue, Quebec.
Hole GA-21-07, located in the Pike West area, is located approximately 1.8 km west of the original Pike Nickel area. Hole GA-21-08 located 300m to the west revealed three sections of 13.5 m, 16.8 m and 18.2 m grading respectively 0.31% Ni, 0.26% Ni and 0.23% Ni in a nickel-bearing envelope 131.8 m at a grade of 0.17% Ni.
As for hole GA-21-01, carried out under historic hole GA-11-08 to verify its potential at depth, revealed a grade of 0.21% Ni over 122.9 m including 70,9 m at a grade of 0.25% Ni. These results confirm a potential for in-depth extension. Hole GA-11-08, completed in 2011, returned 0.20% Ni over 81 m.
Hole GA-21-06, located in the Pike East area approximately 1.4 km east of the historic Pike Center area, also reveals an anomalous nickel presence over more than 50 meters. As this hole started directly in the nickel anomaly, this result may not correspond to the actual thickness and grade of the zone there. Further drilling will be required to retest this area.
This same hole, however, intersected a previously unknown gold zone revealing a grade of 2.54 g / t Au over 1.65 m including 4.62 g / t Au over 0.8 meter. The gold occurs in a strongly magnetic, highly silicified iron formation with the presence of chalcopyrite. The company also plans to verify the gold potential of the eastern sector.
The potential nickel corridor is now more than 3.2 km along the magnetic anomaly.
“These first results bring a whole new dimension to Gaboury’s potential. Of course, more drilling will have to be undertaken to test its continuity, which seems to be directly related to the magnetic anomaly crossing the Gaboury property for more than 7 km. The presence of gold associated with this same magnetic anomaly is also a nice surprise,” said Jonathan Hamel, CEO of Mosaic.
The Corporation plans to start a new drilling program on Gaboury soon. Depending on its financing capacity, the company is considering a program comprising around fifteen holes located throughout the magnetic anomaly for a program of approximately 5,000 meters.
Several showings of nickel, copper and PGE are in the environment of this magnetic anomaly of more than 25 kilometers long. In addition, during Fall 2021, Mosaic acquired by staking 13 new claims located in the western part of the property.
HOLES | FROM (m) | TO (m) | WIDTH (m) | NI % | CO ppm | AU (g/t) |
GA-21-01 | 441,7 | 564,6 | 122,9 | 0,21 | 72 | |
Including | 441,7 | 512,6 | 70,9 | 0,25 | 83 | |
GA-21-06 | 13 | 66 | 53 | 0,10 | 46 | |
And | 229,4 | 232 | 1,65 | 2,54 | ||
Including | 231,2 | 232 | 0,8 | 4,62 | ||
GA-21-07 | 124,50 | 289,5 | 165 | 0,26 | 73 | |
Including | 168 | 289,5 | 121,5 | 0,32 | 91 | |
Including | 168 | 183 | 15 | 0,4 | 104 | |
GA-21-08 | 123 | 285 | 162 | 0,14 | 62 | |
Including | 153,2 | 285 | 131,8 | 0,17 | 74 | |
Including | 177 | 195,2 | 18,2 | 0,23 | 94 | |
Including | 233,5 | 250,3 | 16,8 | 0,26 | 97 | |
Including | 270 | 283,5 | 13,5 | 0,31 | 78 |
Gaboury Project
The Gaboury project comprises 82 claims covering an area of approximately 4,282 hectares and is accessible year-round by a provincial road network and by a set of forest roads.
In 2010-2011, Fieldex Exploration now Fokus Mining Corp. drilled the Gaboury property to test a Max-min electromagnetic anomaly which intersected significant nickel grades. The intersected semi-massive mineralization is in a calcite matrix within a fracture and a silicified gabbro.
The Pyke copper showing, located northeast of the Pike Nickel showing, is also present on the Gaboury property. The semi-massive mineralization consists of chalcopyrite, pyrite and pyrrhotite in a calcite matrix.
There are also some gold showings including the Laverlochère and Brisebois showings which revealed gold grades of up to 445 g / t Au in quartz veins ranging from 0.3 to 5 m thick while another mineralized shear zone with a thickness of between 2 and 25 m gave gold grades of up to 8.8 g / t Au. Gold grades of 27.97 g / t Au and 9.51 g / t Au over 0.20 m were also intersected in hole G-18 located on the Brisebois showing while surface samples revealed grades of 0.71 g / t Au and 1.23 g / t Au. Copper results have also been reported in historical work near these same showings. These historical data come from GM 46167, GM 58164 and GM 04753 and are available on the SIGEOM and MERN site.
Following an agreement with Fokus Mining, Mosaic has the right to acquire a 60% interest in the Gaboury project in consideration for the issue of 3M shares in favor of Fokus Mining and to complete for $ 1M in exploration work 36 months following the anniversary date. Mosaic will also be able to obtain a further 20% in return for a $ 500,000 investment in works and delivery of a 43-101 resource assessment by June 2029. Mosaic is the operator of the project.
This press release has been read and approved by Jeannot Théberge, independent consultant geologist certified under NI 43-101.
About Mosaic Minerals Corporation
Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange (CSE: MOC) now focusing on the exploration for future strategic Copper, Nickel and Zinc deposits in priority on the Quebec Province territory which have a long and successful history of base metal production principally in the Rouyn-Noranda, Matagami, Val-d’Or and Chibougamau mining camps.
On Behalf of the Board
M. Jonathan Hamel
President & CEO
jhamel@mosaicminerals.ca
- Published in Mosaic Minerals, News Home
Mosaic Minerals Announces Closing of Its Offering
Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or the “Corporation”) is pleased to announce that it has closed its private placement (the “Offering“), pursuant to which it issued 750,000 flow-through common shares (the “FT Shares”) and 1,050,000 common shares units (the “Units”) of the Corporation at a price of $0.16 per FT Share and $0.12 per Unit for aggregate gross proceeds of $246,000.
Each Unit consist of one common share, and one-half of one common share purchase warrant (each whole, a “Warrant”) with each Warrant entitling the holder to purchase one additional common share in the capital of the Corporation for a period of 12 months from the date of closing of the Private Placement, at a purchase price of $0.25 per common share.
In connection with the Offering, the Corporation has paid a finder’s fee of 7% in cash and issued 52,500 finder’s warrants (“Finder’s Warrants”). Each Finder’s Warrant is exercisable to acquire one additional common share at a price of $0.25 per Warrant for a period of twelve months from issuance.
All securities issued in respect of the Offering will be subject to a hold period of four (4) months and a day ending April 22, 2022. The Offering is subject to final approval of the Canadian Securities Exchange (CSE).
The company would like to thank its shareholders for their confidence in the past year and wish them a happy new year.
About Mosaic Minerals Corporation
Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange (CSE: MOC) now focusing on the exploration for future strategic Copper, Nickel and Zinc deposits in priority on the Quebec Province territory which have a long and successful history of base metal production mainly in the Rouyn-Noranda, Matagami, Val-d’Or and Chibougamau mining camps.
On Behalf of the Board
M. Jonathan Hamel
President & CEO
- Published in Mosaic Minerals, News Home
Sonoro Announces Closing of $3,000,000 Private Placement and Commencement of 10,000 Meter Drilling Program
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce the closing of its previously announced non-brokered private placement of 16,666,667 units (the “Units”) at $0.18 per unit, for aggregate gross proceeds of $3,000,000 (the “Offering”). Each Unit consists of one Sonoro Common Share and one Share Purchase Warrant. Each warrant entitles the holder to purchase one additional Sonoro Common Share for a period of two years from the closing date at an exercise price of $0.30 per share.
All securities issued and issuable in connection with the Offering will be subject to a 4-month plus one day hold period ending April 21, 2022. The Offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final approval from the TSX Venture Exchange.
In connection with the Offering, the Company entered into finder’s fee agreements with iA Capital Markets, PI Financial Corp., Haywood Securities Inc., IBK Capital Corp. and GloRes Securities Inc. (collectively, the “Finders” and each, a “Finder”) pursuant to which the Company paid to each Finder:
- at the election of the Finder, either a cash finder’s fee or Units equal to a maximum 7% of the gross proceeds raised from subscribers introduced to the Company by the Finder, and
- non-transferable finder’s warrants (the “Finder’s Warrants”) equal in number to 7% of the gross proceeds raised from subscribers introduced to the Company by the Finder. Each Finder’s Warrant entitles the Finder to purchase one common share in the capital of the Company at a price of $0.30 for a period of two years following the closing of the Offering.
In total, the Company paid $47,420.30 in Finder’s fees and 263,447 in non-transferable Finder’s Warrants.
Directors and Officers of the Company participated in the Offering by subscribing for 3,011,461 Units, constituting a related party transaction pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the transaction did not exceed 25% of the Company’s market capitalization.
The net proceeds from the Offering will be used primarily to fund a 10,000-meter drilling campaign now underway at the Company’s Cerro Caliche Gold Project in Sonora, Mexico and will also be used for concession maintenance and general working capital.
As announced on October 25, 2021, the drilling program will focus on expanding the project’s oxide gold mineralization included in the updated Resource Estimate announced September 15, 2021, as well as the potential higher-grade targets recently identified by a surface sampling program. Previously announced sample assay results returned grades between 2.5 and 14.3 grams of gold per tonne and revealed multiple oxide gold mineralized “windows” with strong stockwork quartz veining and broad zones of gold and silver mineralization. Drilling will also focus on extending mineralization in the southeast region of the concession that was excluded from the updated resource estimate due to lack of required drilling density.
Sonoro’s President and CEO, Kenneth MacLeod, stated, “We are excited to have commenced the next phase of drilling and anticipate another successful program. The wealth of technical data amassed to date suggests the potential to increase the resource within the project’s known mineralized structures as well as the potential for higher grade and extended mineralized structures identified through scout drilling and surface sampling.”
Sonoro’s Chairman of the Board, John Darch, added, “I believe participation by Sonoro’s directors and officers for over 18% of the current financing is a clear demonstration of our confidence in the success of the Cerro Caliche Project. I am also very pleased we have resumed drilling and are assessing the potential for higher-grade near-surface gold and silver mineralization. Increasing the size and grade of the resource could potentially extend the life of the proposed Heap Leach Mining Operation (HLMO) thereby materially improving the economics for the conceptual 15,000 tonnes per day HLMO.”
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed exploration and development Company holding the near-development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
On behalf of the Board of SONORO GOLD CORP. | |
Per: | “Kenneth MacLeod” |
Kenneth MacLeod | |
President & CEO |
For further information, please contact:
Sonoro Gold Corp. – Tel: (604) 632-1764
Email: info@sonorogold.com
- Published in Mining, News Home, Sonoro Gold