Sonoro Gold Corp announce raise as company look to accelerate drilling at Cerro Caliche
London, UK
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February 12, 2024 08:26 AM Eastern Standard Time
Sonoro Gold Corp CEO Kenneth MacLeod joined Steve Darling from Proactive to discuss the company conducting a private placement with the aim of raising up to 1,000,000 dollars. The funds raised through this offering will be used to support the ongoing development of the company's Cerro Caliche gold project in Sonora, Mexico.
MacLeod explained that the company is accelerating its drilling efforts at Cerro Caliche to make the most of the time available before the project receives approval for its Environmental Impact Statement. The upcoming drilling campaign is designed for expansion and will initially focus on the western mineralized zones where the company plans to commence mining operations.
Additionally, the drilling campaign will target the northern mineralized zones to potentially increase and upgrade the resource and the central mineralized zones to potentially increase the pit shell resource and reduce the strip ratio. This proactive approach aims to further advance the Cerro Caliche project and unlock its full potential.
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