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Sonora Resources Corp (SURE)

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WELCOME TO SONORA RESOURCES


Silver reached a high of almost $50 early in 2011. Many analysts predict that this trend will continue to go higher (TIS predicts near term $59/oz and $100 within 2 years).
Plan of Operation
Sonora Resources Corp. (the "Company" or "Sonora Resources") was incorporated under the laws of the State of Nevada on December 3, 2007. We are a mining exploration company focused on the acquisition and development of prospective silver and gold opportunities in Mexico. On July 12, 2011, we established a 100% owned subsidiary, Finder Plata S.A. de C.V. ("Finder Plata") for the development of our exploration business in Mexico.
The worldwide silver market has experienced a strong decline in the prices during 2013. As a result, we made the decision in September 2013 to focus on the Los Amoles Property in 2014 and the Jalisco Properties in 2015, each as further described below. As of November 30, 2013, we had cash of $19,000 and working capital deficit of $167,000 as compared to cash of $293,000 and a working capital of $347,000 as of November 30, 2012. This decrease in our working capital is primarily due to operating losses. We have incurred operating losses since inception, and this is likely to continue. We expect to cancel the Mining Option Agreement for the Ayones Property and have cancelled the Mining Option Agreement for the Corazon Property. We recorded an impairment expense of $445,000 related to the Ayones and Corazon Properties as of November 30, 2013. The Joint Venture and Benefits Agreement in Liz, Mexico expired on December 15, 2013.
On March 15, 2013, we closed the Asset Purchase Agreement with Yale Resources Ltd to purchase all of the rights, title and interest in and to the Los Amoles 2 and Los Amoles 3 Fracc.1 properties, consisting of 2,166 hectares located in the State of Sonora Mexico (the “Los Amoles Property”). We purchased the Los Amoles Property from Yale by issuing 1,000,000 of restricted SURE common shares and paying $200,000 in cash. We have commenced an underground work program at the Los Amoles Property and completed a geologic report to define the potential vein structure and outcroppings and prepare for a planned drilling program in 2014.
We require funds to enable us to address our minimum current and ongoing expenses. Presently, we do not generate any revenue and expect to incur significant operating and capital expenses. Management projects that we may require an additional approximately $133,000 to fund our operating expenditures for the next twelve month period for the exploration of the Los Amoles Property. The exploration of the Jalisco Properties is scheduled for 2015.
On March 15, 2013, we closed the Asset Purchase Agreement with Yale Resources Ltd to purchase all of the rights, title and interest in and to the Los Amoles 2 and Los Amoles 3 Fracc.1 properties, consisting of 2,166 hectares located in the State of Sonora Mexico (the “Los Amoles Property”). We purchased the Los Amoles Property from Yale by issuing 1,000,000 of restricted SURE common shares and paying $200,000 in cash. We have commenced an underground work program at the Los Amoles Property and completed a geologic report to define the potential vein structure and outcroppings and prepare for a planned drilling program in 2014.
We also have an Mining Option Agreement with First Majestic Silver Corp., an existing shareholder and creditor of the Company for the Jalisco Group of Properties (“Jalisco Properties”). The Jalisco Properties consist of mining claims totaling 5,240 hectares located in Jalisco As of February 21, 2014, we have has not spent any funds on the properties. We are required to spend $3,000,000 by April 15, 2014 to earn 50% interest in the Jalisco Properties and an additional $2,000,000 to earn an additional 20% interest by April 15, 2016 on exploration expenses. An additional 20% interest in and to the Jalisco Properties can be earned by completing a bankable feasibility study no later than the seventh anniversary of the Agreement. We expect to amend the Mining Option Agreement with First Majestic and delay our required expenditures.
The worldwide silver market has experienced a strong decline in the prices during 2013. As a result, we made the decision in September 2013 to focus on the Los Amoles Property in 2014 and the Jalisco Properties in 2015, each as further described below. As of November 30, 2013, we had cash of $19,000 and working capital deficit of $167,000 as compared to cash of $293,000 and a working capital of $347,000 as of November 30, 2012. This decrease in our working capital is primarily due to operating losses. We have incurred operating losses since inception, and this is likely to continue. We expect to cancel the Mining Option Agreement for the Ayones Property and have cancelled the Mining Option Agreement for the Corazon Property. We recorded an impairment expense of $445,000 related to the Ayones and Corazon Properties as of November 30, 2013. The Joint Venture and Benefits Agreement in Liz, Mexico expired on December 15, 2013.
 
 

Silver reached a high of almost $50 early in 2011. Many analysts predict that this trend will continue to go higher
(TIS predicts near term $59/oz and $100 within 2 years).



PROJECTS


LOS AMOLES
 
An Exciting Silver Property Containing High-Grade Results
 



 
Sonora Resources has entered into an option agreement  with Yale Resources to acquire a 70% interest in the Los Amoles property.

The Company has identified the high grade potential for the project with highlight samples including 2.0 meters grading 0.63 g/t goldand 698.6 g/t silver, 6.0 meters averaging 0.33 g/t gold and 226.6 g/t silver (including 2.0 meters grading 0.63 g/t gold and 497.3 g/t silver), 1.0 meters grading 0.33 g/t gold and 496.8 g/t silver and dump material grading 0.24 g/t gold and 1,027.5 g/t silver.
 
Samples from Los Amoles were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Canada, respectively. Samples generally consisted of one to three kg of material. Gold and silver analyses were performed by 30-gram fire assay with an AA finish. Samples with greater than 100 g/t Ag were re-assayed using gravimetric methods.
 
Location 
The 3.590 hectare Los Amoles property is located approximately 150 kilometers northeast of the Hermosillo, Sonora state, Mexico. The property is 10 kilometers northeast of the producing La Caridad mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico. Reconnaissance-style sampling has initially concentrated on the one-by-2.5-kilometre Rosario target area.
 
Deposit Model
Epithermal Silver-Gold.
 
Size
The claim is 3,590 hectares in size.
 
Summary
The Company has confirmed the high grade potential for the project and ongoing work will involve continued sampling of the numerous workings as well as outcrops. To-date, the company has engaged the services of Derrick Strickland, MBA, P.Geo. to prepare a National Instrument (N.I.) 43-101 compliant technical report on the prospect. As with many projects in Mexico that have seen small-scale production from high-grade veins, most of the historic workings have mineralized dumps located nearby. The quickest method of evaluating an area is to sample these dumps as they tend to be the low-grade material that has been left behind. During our recent geophysical investigation (2011) dump material grading 0.24 g/t gold and 1,027.5 g/t silver was identified.
  
Over 45 historic workings and more than 20 gold/silver veins have been identified throughout much of the option lands. Upon analysis of the geophysics program, Sonora Resources has elected to undertake the indicated project development fieldwork in order to establish priority locations for a subsequent drill sampling program.
 
The work at Los Amoles has advanced the project significantly by concentrating on a two by three kilometer mineralized zone defined by a strong color anomaly and containing 60 known veins with strike lengths up to 1 kilometer, 40 known historic workings (adits and excavations) and 19 known shafts.
 
Recent sampling tested new areas and successfully expanded the number of veins and workings now known to be within the core area. As the historic workings are newly rediscovered, the sampling concentrated on the mineralized dumps located at the opening of the historic workings and resulted in new data including the highlights below:
 
Location Description Au
g/t
Ag
g/t
Pb
%
Terrero SE Vein material with local galena 0.40 495.1 1.21
Terrero SE Andesitic host rocks with quartz stockwork 0.17 219.3 0.62
Cata Vein material with local galena 0.24 706.5 2.05
Tiro Sur Argillic altered andesite with oxides, carbonates and local galena 0.43 102.5 -
Terrero 14 Silicified andesite with strong oxidation 1.15 451.7 -
Obra Rancho Vein and quartz-rich material 0.53 295.3 0.38
Obra Rancho Oxidized andesite host rock 0.44 166.9 -
 
The Rosales mine, located to the north of the core area, remains the most advanced target within the property. A series of underground workings were mapped, and in order to maximize the information to be gained, sampling was undertaken from the mineralized mine dumps focusing on vein material and volcanic host rocks which indicated the host rocks are strongly mineralized locally. Highlighted samples from the Rosales mine dumps include the following results:
 
Location Description Au
g/t
Ag
g/t
Pb
%
Area Rosales Quartz-rich material and vein - strongly oxided 0.43 705.6 0.48
Area Rosales Quartz-rich material and vein with oxides and galena 0.83 281.8 0.31
Area Rosales Argillic altered andesite with oxides, carbonates and local galena 0.29 133.4 -
Area Rosales Quartz-rich material and vein with oxides and galena 0.71 253.5 0.41
Area Rosales Quartz-rich material and vein with oxides and galena 0.54 205.3 1.98
Area Rosales Argillic altered andesite with oxides, carbonates and local galena 0.32 443.9 -
 
By sampling different rock types and mineralizing styles from the dump, the Company is able to sample material that has not been seen in outcrop. Sampling of rocks similar to the surrounding host rocks containing stringer-style veining have consistently returned silver values greater than one ounce per ton, which indicates that the potential for wider widths of mineralization may exist. Additionally, the fieldwork was also successful in grading samples of gold with higher values than previously identified.
 
The materialization within the property is characteristic of epithermal veins with varying percentages of sulphides consisting primarily of pyrite and arsenopyrite with some locations containing local chalcopyrite and sphalerite. The Mina Rosales area coincides with a regional magnetic anomaly. In addition, the entire area forms a large color anomaly, which is indicative of the oxidation of metals.
 
Type Description Au
g/t
Ag
g/t
Pb
%
Mineralized Dump Dump #1 - Northernmost working within Rosario area 0.13 109.8 0.90
Mineralized Dump Dump #2 - 200m southeast of Dump #1 0.30 333.1 1.83
Mineralized Dump Dump #4 - 250m southeast of Dump #1 0.29 176.6 0.54
Mineralized Dump Dump #6 - 300m southeast of Dump #1 0.43 301.0 1.06
Mineralized Dump Dump #9 - 850m southeast of Dump #1 0.83 190.4 0.36
Mineralized Dump Dump #12 - 1.8km to the southeast of Dump #1 0.65 450.7 0.25
Mineralized Dump Dump #13 - 1.8km to the southeast of Dump #1 0.38 287.4 0.15
Mineralized Dump Dump #16 - 2.2km to the southeast of Dump #1 0.23 188.0 0.90
 
Additional potential within the Rosales area is demonstrated by widely spaced samples consisting of altered and mineralized andesitic host rocks that are in contact with structures and/or veins. The highlights of nine samples returned the following results:
 
Sample Type Width (m) Description Au
g/t
Ag
g/t
Pb
%
49801 Channel 1.50 Strongly fractured andesite with millimeter quartz veinlet's and iron oxides throughout 0.06 18.3 0.62
49809 Channel 0.90 Silicified porphyritic andesite with fine grained sulphides 0.52 333.4 0.61
49813 Channel 1.00 Silicified-argillic altered andesite within working with strong oxidation and fresh fine grained pyrite 0.14 31.5 1.88
49823 Channel 1.00 From within small working - argillic altered andesite with quartz stockwork and oxides throughout 0.56 231.6 0.04
49827 Channel 1.30 From within small working 30 m deep - altered andesite with quartz veins up to 5 cm wide. 0.17 56.1 2.76
 
Work performed to date has concentrated on the Rosales area, at the south eastern edge of a 4.0 by 2.75 km regional magnetic anomaly. The Company's interpretation is that the Rosales area represents silver-lead +/- gold veins that are distal to a porphyry system. The potential for this regional anomaly to reflect a buried porphyry has yet to be tested. Many of the region's most significant porphyry deposits are located within 70 km of the Los Amoles property.
 
Recent geophysical interpretations identified eight (8) linear 500 to over 800 meter long features parallel to the trend of the known veins/structures within the property. The summary report prepared by the geophysical contractor concluded that "certain axis are representative of mineralized structures or veins whose potential has yet to be fully determined and should thus be further investigated" and recommended that three of the structures be drill tested.
 

Excerpt from the Los Amoles Ground Geophysical Survey Report

 
Report Summary
Within the framework of the Los Amoles Project, 28.0 line-km of magnetometer and induced polarization surveys were carried out between 26 April and 26 May, 2011. The present mandate also included line cutting as well as GPS surveying of the survey grid, in order for subsequent geo-referencing of the geophysical databases. Based on the geophysical results obtained, the following conclusions can be drawn:
 
Magnetic results: The main veins that were delineated in the east-central part of the grid could be indicative of weak to marginal concentrations of ferromagnesian minerals, and consequently their signature is difficult to ascertain based on the results of the magnetic map.
 
IP results: The center of the grid is characterised by a large N/S striking polarisable horizon which encompasses the Rosales Mine as well as the historic workings area to the South. The main chargeability anomalies are all found within the confines of this horizon and we believe that certain of them are indicative of mineralised veins. Three drill targets are proposed in order to test axes LA-2, LA-6 and LA-7, whose potential will be further ascertained based on the available data (see also section 4.2.2 and table 3).
 

Geophysical Survey Photos

(click to expand)



JALISCO CLAIMS

The Jalisco Group of Claims comprises six prospects located in the Jalisco state of México covering a total area of 5,240 hectares.




The prospect claims were originally acquired by First Majestic Silver Corp ("FMSC") and acquired by Sonora via an Option Agreement  as a package within the Minera El Pilon properties. Sonora Resources believes the property shows the potential to become an important producing mine for the area and the company. 

In order to evaluate the prospects at Jalisco, an exploration crew worked the claim areas in October 2007 for an initial two month period in order to determine regional and geological area importance with the intent to follow up with a more advanced stage of exploration in order to define drill targets. As a result of the initial exploration results, the Etzatlan area was selected for a more detailed geological workover consisting of mapping and geochemistry sampling during a four month period (June-Sept) in 2008. As a result, 90% of the area was surveyed defining several targets to drill.

Now with the involvement of Sonora Resources, activities have recommenced at the Jalisco Group of Claims and we are pleased to be able to offer the following summary of the works done in the Etzatlán area and a brief description of the other five prospects.

 

Prospect Claim Hectares Title Municipality
Area Etzatlán (897 Ha) Oconahua Fracc. I
Oconahua Fracc. II
Rodeo
Veta Ancha
Etzatlán
Etzatlán Fracción
Etzatlán Fracción I
18
13
43
714
53
1
55
218943
219015
224220
225988
25/33267
25/33267
25/33267
Etzatlán
Etzatlán
Etzatlán
Etzatlán
Etzatlán
Etzatlán
Etzatlán
Area La Purísima (142 Ha) Ampl. La Purisima
La Purisima
61
81
191309
191314
Guachinango
Guachinango
Area San Juan (96 Ha) San Juan 96 217843 Ameca
Area Adriana (228 Ha) Adriana 288 222837 Atengo
Area Tototlán (3,800 Ha) La Bautista II
Tototlán del Oro
La Guerra
15
3,091
694
225740
225968
226676
Cuautla
Cuautla
Ayutla
Area Nuevo Poder (18) Nuevo Poder Oro 18 226770 Pihuamo


ETZATLAN AREA - INCLUDING JALISCO GROUP Reserves and Resource Estimate  (Click to Expand)  


PHOTOS  (Click to Expand)
 
 
 






 

 


LA MAZATA - AYONES

Rehabilitating an important Silver/Gold operation offers rapid production promise
 

 

Overview
Sonora Resources has entered into a Mining Option Agreement  ("Grupo Agreement") with IMMSA Grupo México. Under the terms of the Grupo Agreement, they granted an option to acquire a 100% interest in certain mining properties representing the Ayones project located in the municipality of Etzatlan, Jalisco State, Mexico.

Under the terms of the Grupo Agreement between Sonora's wholly owned Mexican subsidiary Finder Plata and Grupo Mexico subsidiary, Industrial Minera Mexico, S.A. de C.V. ("Grupo Mexico"), Finder Plata has the right to purchase 100% of two mining concessions on 49 hectares, the old La Mazata Mine, the data of past diamond drill programs, studies and maps as well as the assets located within the mine areas in exchange for payments over three years. The Grupo Agreement requires a Net Smelter Royalty ("NSR") payment of 2.0% by Finder Plata with Finder Plata having a first option to purchase the NSR.

Additionally, the Company has entered into Mining Option Agreements  ("Corazon Agreements") with eight Mexican citizens on September 5, 2011. Under the terms of the Corazon Agreements, the Company was granted an option to acquire a 100% interest in certain mining properties of the Corazon group of claims located in the municipality of Etzatlan, Jalisco State, Mexico.

For the purpose of this summary, Sonora Resources collectively shall refer to the combined asset as the  "Ayones Project." The contigous land holdings hosts silver and gold mineralization, with significant exploration potential and extensive underground workings.

Sonora holds purchase rights to 100% of the mining concessions, the mine and data of past diamond drill programs, studies and maps as well as the assets located within the mine subject to a Net Smelter Royalty (NSR) payment of 2.0% with a first option to purchase the royalty at the Company's discretion.

The properties host an epithermal vein system of silver-gold type ore bodies, with a documented history of silver-gold production of over 734,000 tonnes with average grade of 564 g/T silver and 3g/T Gold during the productive 1925-1939 period.

During the 1980's, Grupo Mexico undertook a diamond drill exploration/development program of 14 holes with 2,886 meters completed from surface over the known principal veins.

Location
The Ayones Project is located in the municipality of Etzatlan, which is in the Mexcian State of Jalisco. The property is near to the city of Guadalajara over 80km by highway to the town of Magdalena and 17 km by paved road to la Estancia de Ayones. 20 km by paved road to the south is the location os Sonora's Jalisco Group Project.

History
The La Mazata Mine was an important Silver/Gold operation in the Etzatlan area operated by the Amparo Mining Co. from 1925 to 1939. The operation was underground and had seven levels and workings over one kilometer on the main veins in each level.

Recent Efforts
During the 1980's, Grupo Mexico undertook a diamond drill exploration/development program of 14 holes with 2,886 meters completed from surface over the known principal veins.

A 1988 in-house report by Grupo Mexico estimated the resource at 328,222 tonnes of sulphide mineral reserves with a silver grade of 207 g/T and gold grade 0.52 g/T (La Mazata Mine), and for all 8 veins explored, a combined estimated potential of 3,059,026 tonnes sulphide mineral inferred resource with a grade of 259 g/T silver and 0.58 g/T gold.

The total estimated Historic Resource amounts to 3,387,249 tonnes grading 254 g/T Ag and 0.57 g/T Au, which is the equivalent of 30.5 million ounces of silver.

Deposit Model
The properties host an epithermal vein system of silver/gold type ore bodies with significant exploration potential and extensive underground workings.

Size
The Mazata Silver Mine and Ayones Property land package consists of two mining concessions on 49 hectares of land surrounded by a land package of 721 hectares in five mining concessions named Corazon 1-1, 1-2, 1-3 and Corazon 2 and 3, (the claim group) for a total contiguous area of 770 hectares.

Summary
The potential within the Ayones project claim area is highly promising primarily because the veins are open at depth. The Corazon claims surrounding the property offer added interest as old underground workings extend past the Ayones claims for over 150m to the south west. The Rosario Vein is a historical example of one of these productive areas and the Company interprets excellent possibilities that other veins are open and trend in the same direction at depth.

Historic data from extensive 1930's mine operations identified specific details regarding the Rosario Vein underground mining efforts which were further investigated by diamond drilling in 1980 by Grupo Mexico with resultant grades of over 195 g/ton silver and 0.5 g/t gold. The depths of the cuts were contiguous with the historically productive level 4 area of the mine and this level is known to extend more than 130 meters into the surrounding Corazon claims.

A second area at Corazon was explored by Grupo México in 1988 at a location 1.0 kilometer to the North East of the La Mazata mine. During this exploration Grupo Mexico identified, mapped and sampled a stockwork type of deposit in an old small open pit showing an average of 104 g/ton silver with samples of high grade silver assayed as high as 300 to 450 g/ton with 0.5 g/ton gold.

On surface, there are significant old mine dumps which conservative estimates currently place at over 30,000 tons of ore with an average grade of 150 g/ton silver and 0.5 g/ton gold. The dump material must be measured in order to properly quantify the resource and is planned as part of the first stage of exploration at Corazon.

Although the Rosario vein has been identified as the most historically well-known and exploited part of the La Mazata mine, the vein extension on level four offers excellent longitudinal potential to the South East at depth. Another four silver-gold veins identified in the 1980s by diamond drilling present development opportunities with similar South East trend continuity into the Corazon Claims and which the Company believes may represent a repetition of large ore shoots similar to those found in the mine.

Conclusion
Sonora Resources plans a systematic approach to evaluate the mineralized structures including grades, quality, density, continuity, dimensions and other characteristics of these areas in the aim of developing an assessment in keeping with regulatory compliance for a future reserve valuation of the project area.



SILVER AND ITS USES


Sonora Resources has an aggressive growth strategy. As in other industries and sectors, there are opportunities for consolidation of assets, land packages, and companies. Sonora intends to acquire fast track production-capable assets, consisting of previous producing mines or tailings deposits, which can be rehabilitated and rapidly entered into production.

Management believes that a dramatic bull market in precious metals will continue to develop over the coming years.

Silver Market
Silver production is unique in that only about 30% comes from primary mining production, while the remaining 70% is a by-product of mining for other metals such as gold, copper, lead and/or zinc. In 2010, world silver mine production grew to 22,200 tons through increased production at existing and new polymetallic mines, including mines in Nevada and Mexico. Overall US production for 2010 accounted for ~1,280 tons of silver with an estimated value of $728 million.

Established & New Uses for Silver
Despite rising silver prices over the past decade, demand for the metal increased every year. And while the global economic crises resulted in decreased industrial demand for silver in 2008 and 2009, London-based precious metals consultancy GFMS Ltd. forecasted a double digit recovery for industrial demand in 2010 in response to the strengthening of the global economy.

Over 95% of silver demand stems from industrial uses, photography, and jewelry/silverware. Most people have yet to realize the essential role silver plays in established industrial applications and everyday living - inside switches and appliances as a conductor of electricity, in x-ray processing, as a chemical catalyst, in windshields to deflect away 70% of sunlight.

Meanwhile, new uses for silver are being discovered daily, adding to demand which is fueled by electronics consumption across the middle class and in emerging economies such as China and India, as well as through new markets such as RFIDs, solar, medical applications and food hygiene.

Investment in Silver & Market Forecast
Growing investor interest in silver is reflected in the significant rise in demand for physical silver. Market drivers behind this increased interest include using silver as a hedge against inflation, and investors' concerns over ongoing economic, financial, and political matters.

The increasing amounts of physical silver going into ETFs are one of three main factors contributing to the positive forecasts for the silver market, with the other two factors being strong and growing demand from established and new industrial uses, and an improving global economy.

There was a sharp rise in silver prices predictions over those from 2009 in the Alchemist's Forecast 2010, which also reports on gold, platinum and palladium. In the 2011 Forecast, the 25 expert analysts that contributed to the publication predicted an average price of $29.88 for silver in 2011, which clearly falls short of current prices. The Forecast further stated that; "while macro-economic fear and industrial demand will play a role as drivers of the silver price, most contributors forecast that investment will be the most influential. The average predicted range is the broadest since the start of the survey, so expect a thrilling ride with silver in 2011."


Silver is a metallic chemical element with the chemical symbol Ag (Latin: argentum, from the Indo-European root *arg- for "grey" or "shining") and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal. The metal occurs naturally in its pure, free form (native silver), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a by-product of copper, gold, lead, and zinc refining.



MANAGEMENT

Juan Miguel Rios Gutierrez, President & CEO
• Mark E. Scott, CFO
• Ian Foreman, Advisory Board
• Rob Van Egmond, Advisory Board

Sonora Resources understands the need for a proven management team that is capable of taking the Company from start-up to established producer. Towards that end, we are actively assembling a tight group of management, exploration and production experts from the precious metals mining sector.

 

Juan Miguel Rios Gutierrez, President & CEO 
Mr. Gutiérrez is a seasoned mining professional and metallurgical engineer who resides in Mexico. In 2004 , he was the 4th person hired by First Majestic Silver Corporation (Durango, Mexico) and helped build that company from a junior mining exploration company on the TSXV to a major global silver producer (7.5m oz Ag in 2011). He first served with the company in the capacity of general manager of each of the three mining units , then moved to the position of manager for new business initiatives and strategic planning. He left First Majestic Silver Corporation in January 2011 to begin working with Sonora yet maintains strong contacts with them. Mr. Gutiérrez graduated with a degree in engineering from the University of Chihuahua in Mexico, specializing in mining and metallurgical studies and a diploma in management projects . His twenty-seven year career is characterized by an array of appointments related to underground mining and exploration. His vocational experience has provided him with vast abilities to manage distinct and detailed mining projects while also focusing on the identification and successful negotiation of strategic corporate initiatives.

 
Mark E. Scott, CFO 
Mr. Scott has significant financial, capital market and relations experience in public microcap gold, silver and technology companies.  Mr. Scott currently serves as (i) Chief Financial Officer, Secretary and Treasurer of WestMountain Gold since February 28, 2011 and as a consultant from December 2010; (ii) Chief Financial Officer of Sonora Resources Corp., a position he has held since June 2011; (iii) Chief Financial Officer, Secretary and Treasurer of Visualant, Inc., a position he has held since May 2010; and (iv) Chief Financial Officer of U.S. Rare Earths, Inc. a position he has held since December 2011.Mr. Scott previously served as Chief Financial Officer and Secretary of IA Global, Inc. from October 2003 to June 2011. Previously, he held executive financial positions with Digital Lightwave; Network Access Solutions; and Teltronics, Inc. He has also held senior financial positions at Protel, Inc., Crystals International, Inc., Ranks Hovis McDougall, LLP and Brittania Sportswear, and worked at Arthur Andersen. Mr. Scott is also a certified public accountant and received a Bachelor of Arts in Accounting from the University of Washington.

Ian Foreman, Advisory Board
Mr. Foreman's wide ranging experience has focused on both base and precious metals and involved a wide spectrum of geological environments. Over the past nineteen years he has worked for various junior mining and exploration companies in North and South America - with an emphasis on Mexico since 2006. Mr. Foreman was on a team that put a 1,000 tonne per day open pit mine into production at 4,000 meters in the Peruvian Andes. He has helped with forming joint ventures with majors and negotiated multiple deals with companies totaling greater than 50 million dollars. As a field geologist he ran both grassroots reconnaissance-style exploration and multimillion dollar drill programs. He now concentrates his time on his consulting company, Foremost Geological Consulting, which provides management and exploration services to the junior mining and exploration industry.

Rob Van Egmond, Advisory Board
Mr. Van Egmond's professional career encompasses a wide spectrum of experience and successes ranging from project generation to pre-feasibility level resource development. Over the past twenty years he has worked for various major mining companies including Teck-Cominco, BHP and Kennecott as well as exploration companies in base metals, precious metals and diamond exploration in both North and South America. In recent years he has been working on the development of the 1 billion tonne Canariaco copper porphyry resource in northern Peru bringing it from initial exploration drilling through to mineral resource development drilling and mine engineering stages. As Exploration Manager for Candente Resource Corp. in Peru, he assessed properties for the company's portfolio, assisted in the negotiation of joint venture transactions and coordinated several target drill stage programs. Currently, he will be performing property assessments, qualifying reports and mineral resource development.



SHARE STRUCTURE:- http://www.sec.gov/Archives/edgar/data/1473591/000106299312001284/form10q.htm

A/S:- 500,000,000

O/S:- 96,697,837 
   (as of April 16, 2012)
(However there was a recent placement for First Majestic, 3.7m shares,
http://www.sec.gov/Archives/edgar/data/1473591/000116169712000338/form_8-k.htm)

Float:- unknown


Sonora Resources Corp.
Cerro del Padre # 11
Rinconada de los Pirules,
Guadalupe, Zacatecas
Mexico, 98619


U.S. Office
Sonora Resources Corp.
PO Box 12616
Seattle, WA 98111       
Email: info@sonoraresources.com

Investor Relations
Oceanview IR Services, Inc.
1-877-513-7873 (SURE)
Email: investors@sonoraresources.com

 

   
     
   
   
   
 

 



 

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#1075   Yes, very nice. 125%! Garyst 08/24/16 09:50:35 PM
#1074   Indeed I was losing hope :/ Dann_Mndz 08/24/16 07:12:55 PM
#1073   Nice SURE bounce today. Garyst 08/24/16 02:51:59 PM
#1072   OK. Just checking. Garyst 08/21/16 10:25:29 PM
#1071   Been out Choicesound 08/21/16 10:00:22 PM
#1070   Yes, still here in SURE. How about you? Garyst 08/21/16 10:00:01 PM
#1069   I think this was pump and dump ???? Dann_Mndz 08/21/16 04:14:03 PM
#1068   Are you still invested here? Choicesound 08/21/16 10:29:14 AM
#1067   Why is this falling ? What happen to Dann_Mndz 08/19/16 10:17:24 AM
#1066   Yup, 50% or so. Garyst 08/10/16 02:42:41 PM
#1065   Yup! Still seeing big gap btw. current MaxPowerLove$Ihub 08/10/16 02:41:41 PM
#1064   It sure got quiet. Garyst 08/08/16 10:09:27 PM
#1063   Damn this POS...still in a coma...zzzzzzzzzzzz MaxPowerLove$Ihub 08/08/16 09:36:44 AM
#1062   $.0012x.0018...damn the big gap. MaxPowerLove$Ihub 08/01/16 11:22:53 AM
#1061   Appreciate the comment. Garyst 07/28/16 08:40:47 PM
#1060   ahh, back in 2011 it was: MorningLightMountain 07/28/16 05:09:24 PM
#1059   I marked this board some years ago after MorningLightMountain 07/28/16 05:06:22 PM
#1058   Drop like this on such low volume also Garyst 07/28/16 03:09:21 PM
#1057   Unreliable...this could easily run to high pennies...but management MaxPowerLove$Ihub 07/28/16 02:07:13 PM
#1056   Down on very little volume. Garyst 07/28/16 12:03:03 PM
#1055   Very quiet...... Garyst 07/26/16 04:02:35 PM
#1054   Still a sleeping stock eh? zzzzzzzzzzzz MaxPowerLove$Ihub 07/26/16 09:28:33 AM
#1053   $.0020x.0022 zzzzzzzzzzzzzz MaxPowerLove$Ihub 07/25/16 10:21:18 AM
#1052   Yeah, a couple sells today but still managed Garyst 07/18/16 10:07:00 PM
#1051   Yup! Very thin here... MaxPowerLove$Ihub 07/18/16 09:59:48 PM
#1050   Avg daily vol is starting to increase... MaxPowerLove$Ihub 07/18/16 09:58:28 PM
#1049   SURE 0021 X 0024, 130% off the 001 Garyst 07/18/16 01:27:48 PM
#1048   ~SURE~ CHEAPEST GOLD STOCK ON THE OTC! SILVERISTHENEWGOLD 07/18/16 12:25:26 PM
#1047   ASK hits and nice bids coming in :) SILVERISTHENEWGOLD 07/18/16 12:25:09 PM
#1046   Very thin...but we lack vol. zzzzzzzzzzz MaxPowerLove$Ihub 07/18/16 09:57:11 AM
#1045   0024 Up SILVERISTHENEWGOLD 07/15/16 12:17:01 PM
#1044   GOLD FEVER COMING TO OTC SOON! JUST LIKE SILVERISTHENEWGOLD 07/15/16 11:31:01 AM
#1043   ~SURE~ 0022's GONE SILVERISTHENEWGOLD 07/15/16 11:30:46 AM
#1042   Easily. Garyst 07/15/16 11:24:37 AM
#1041   I think we see .0050 even without news :) SILVERISTHENEWGOLD 07/15/16 11:24:10 AM
#1040   Agree. SURE is looking good here the past Garyst 07/15/16 11:20:21 AM
#1039   GOLD OTC's still haven't caught fire yet. But SILVERISTHENEWGOLD 07/15/16 11:19:16 AM
#1038   SURE, nearing the 52 week high of 0026! Garyst 07/15/16 11:12:12 AM
#1037   No dilution is going on...super thin! MaxPowerLove$Ihub 07/13/16 11:47:00 PM
#1036   Yes and holding with no selling into the Garyst 07/13/16 10:50:25 AM
#1035   Looking better~ MaxPowerLove$Ihub 07/12/16 11:39:04 PM
#1034   003 up next. Should see it this week. Garyst 07/12/16 04:01:58 PM
#1033   We do now. 002's up with a 100k hit. Garyst 07/12/16 12:08:48 PM
#1032   Very thin...sadly, we have little to no trading vol. MaxPowerLove$Ihub 07/12/16 11:43:12 AM
#1031   109k left @ 002 then 003 showing! Garyst 07/11/16 02:12:49 PM
#1030   Hopefully but it just goes to show how Garyst 07/08/16 06:49:55 PM
#1029   Will it sustain on Monday? Choicesound 07/08/16 05:55:01 PM
#1028   Yes, nice bounce and uptick on the bid Garyst 07/08/16 12:40:44 PM
#1027   Getting some nice action today, something brewing in King of Kings 07/08/16 12:18:53 PM
#1026   I think it will. It won't take any Garyst 07/07/16 09:49:20 PM
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