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the broker...they cleared it up and i put my sells in...
according to my broker...because they filed anything in over a year and
a half trading was blocked until they caught the filings...thus the 12
filings today...the sec has to evaluate the filings before the sec
removes the halt of trading...
and somehow shares are shown traded but the volume is small compared to
the number of shares issued...
with pennies someone always finds a way...lol
yup...just annoying that i can't put my shares up...
good old sec uselessness...
but at least the sec got their attention...12 filings...
all this info is great...
my broker told me...last week the sec put regulations in place to
force companies into filing or be delisted...
at the present time this stock can not be traded and the 154...
shares shown traded were non brokerage trades...
and seeing filings from 4/19 thru 7/20 seems the sec got the
companys attention...
finally i tried to put my shares up on sell orders and could
not...which prompted my call to my broker and the above info..
like all here hope this pops...time will tell
i had shares posted to my account on
friday 8/14 that are classified as "spin off"
with no number or symbol...like others i currently
have no idea where or why i received them...
has anyone received "spin off" shares from the below
added to their account?
METAVERSE CAP CORP F**RESTRICTED STOCK**
kaiser research elevates opinion on sonoro metals...
file:///C:/Users/19494/Downloads/Kaiser%20Research%20Online%20-%20Trackers%20-%20Tracker%20What's%20Next%20for%20Sonoro%20Metals%20Corp%20-%20Sat%20Aug%2015,%202020%20(1).pdf
has anyone received shares from
METAVERSE CAP CORP F**RESTRICTED STOCK**
as part of the deal kali made with pura or poag?
Sonoro Metals Announces Closing of $8 Million Private Placement Including the Fully Subscribed 60% Overallotment Option
9:00 AM ET, 08/12/2020 - GlobeNewswire
“THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTIONTO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES”
VANCOUVER, British Columbia, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Sonoro Metals Corp. (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that it has closed a non-brokered private placement for $8,000,000 with a lead order from Palisades Goldcorp Ltd. The private placement was initially announced on July 23, 2020 for 22,727,273 Units and was increased, as announced on July 31, 2020, by way of an overallotment option of up to 60% (i.e. an additional 13,636,364 Units) at $0.22 per Unit, for total gross proceeds of $8,000,000 (collectively, 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 three 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 hold period ending December 13, 2020. The Offering has received conditional acceptance from the TSX Venture Exchange but remains subject to the receipt of final approval from the TSX Venture Exchange.
In connection with the Offering, the Company entered into finder’s fee agreements with Mackie Research Capital Corp., PI Financial Corp., Haywood Securities Inc., Canaccord Genuity Corp., Arbora A.G., Raymond James, Echelon Wealth Partners Inc. and Odlum Brown (collectively, the “Finders” and each, a “Finder”) pursuant to which the Company paid to each arm’s length Finder: (i) at the election of the Finder, either a cash finder’s fee or Units equal to 7% of the gross proceeds raised from subscribers introduced to the Company by the Finder and(ii) such number of non-transferable finder’s warrants (the “Finder’s Warrants”) equal 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 three years following the closing of the Offering. Odlum Brown will only receive a cash finder’s fee with respect to its portion of the Finder’s Fee.
Directors and officers of the Company participated in the Offering by subscribing for 1,593,181 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 Company plans to use the proceeds from the Offering to launch Phase One of the 2020-21 Core Drilling Program to test the Cerro Caliche epithermal system’s potential to host high-grade gold mineralization at depth as discussed in the Company's June 26, 2020 News Release titled, “Sonoro Drilling Targeting High-grade Epithermal Gold Mineralization at Cerro Caliche” which referenced Sonoro’s Report, “2020 Drilling Program - Phase 1 Targeting High Grade Mineralization at Depth”.
The Company also intends to apply a portion of the Offering proceeds to fund additional shallow reverse circulation drilling for the advancement of the Company’s proposed Heap Leach Pilot Operation (HLPO) which is intended to assess the economic feasibility of the bulk mining of the shallow oxide gold mineralization at Cerro Caliche. The initial target for such future test production is the Japoneses zone, which is the location of most of the 201,000 ounce AuEq (gold equivalent) inferred resource documented in a July 26, 2019 independent NI 43-101 Technical Report on the Cerro Caliche Gold Project (the “July 2019 Report”) available on the Company’s website under the “Investors” tab at www.sonorometals.com.
As an initial step, the Company plans to expedite the completion of a Preliminary Economic Assessment of the proposed HLPO. Readers are cautioned that, until the Preliminary Economic Assessment's completion, no definitive conclusions can be made as to the technical or economic viability of the proposed HLPO.
The inferred resources documented in the July 2019 Report, together with the deeper high-grade gold targets, are located within a larger 3km by 4km area of near-ubiquitous surface gold mineralization which hosted seven 19th century artisanal mine workings. High grade chip and channel samples returned from 4 to 95 g/t Au (See the Company’s May 25, 2020Cerro Caliche Project Development Report available under the “Projects” tab at www.sonorometals.com). The Company intends to use the balance of the proceeds of the Offering for additional project assessment, general corporate and administrative costs, and working capital purposes.
With the requisite environmental permits in place and the initial drill pads ready for operations, Sonoro has contracted drilling company, Layne de Mexico, a subsidiary of Granite Construction Incorporated (NYSE: GVA) to immediately commence the core drilling program, with the reverse circulation drilling program scheduled to commence before the end of August 2020. Both the drilling crews and Sonoro’s technical team are based in Hermosillo, Mexico and are not restricted by cross-border issues related to the COVID-19 pandemic.
Sonoro has also received proceeds in the amount of $162,143 through the exercise of 600,528 share purchase warrants at an exercise price of $0.27 per warrant share. These warrants were issued pursuant to a private placement dated July 31, 2019, with an expiry date of August 1, 2020.
Sonoro’s President and CEO, Kenneth MacLeod, stated, “Sonoro’s management team is delighted by the recognition and faith demonstrated by investors as to the merits of our dual strategy of higher risk but potentially high reward exploration drilling of the Cerro Caliche deeper high-grade gold targets, while we concurrently advance our proposed Heap Leach Pilot Operation as an initial step in assessing the property’s shallow bulk gold mining potential. I would also like to express my thanks on behalf of our directors and shareholders to Palisades Goldcorp for acting as the financing’s lead and the exceptional role they have played.”
Sonoro Metals Chairman, John Darch, commented, “A strong, diverse and loyal shareholder base is a key component of any company’s long term success and while it was impossible to accommodate everyone, the private placement and the overallotment gave many new investors an initial stake in Sonoro’s future success.” Darch added that, “the overallotment should allow us to accelerate and expand our Phase One core drilling program while ensuring that we have the funds to proceed expeditiously to complete a Preliminary Economic Assessment for the HLPO, just as we continue to explore, develop and potentially expand the Cerro Caliche gold resource.”
About Palisades Goldcorp.Palisades Goldcorp is Canada’s new resource focused merchant bank. Palisades’ management team has a demonstrated track record of making money and is backed by many of the industry’s most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.
About Sonoro Metals Corp.Sonoro is a publicly listed mineral exploration and development company with two exploration stage precious metal properties in Sonora State, Mexico. The Company’s current principal focus, under the leadership of its management team with proven track records for the discovery and development of natural resource deposits, is the pursuit of a three-pronged exploration and development strategy for its Cerro Caliche Project. This strategy consists of:
first: executing an aggressive exploration program to test the project’s deeper high-grade gold potential,second: developing the Company's proposed Heap Leach Pilot Operation and its supporting inferred gold resource, andthird: concurrently continuing exploration and infill drilling to further assess the Project’s potential for near-surface bulk mineable oxide inferred gold resource.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”Kenneth MacLeodPresident & CEO
For further information, please contact: Sonoro Metals Corp. - Tel: (604) 632-1764 Email: info@sonorometals.com
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things the intended use of the proceeds of the Offering and the Company’s intention to proceed with the execution of its exploration and development plans for its Cerro Caliche Project, including the development of a heap leach pilot operation. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the risks that the Company will not be able to secure sufficient future financing necessary to fund all of its proposed exploration and development of its Cerro Caliche Project, or to fund its other project exploration and development business; future exploration results will be unfavourable and will not support the proposed plan to build a heap leach pilot operation or justify further exploration efforts; equipment failures, accidents, or external problems (e.g. civil unrest, public health emergencies) may materially increase the Company’s business expenses or delay (or prevent altogether) the execution of the Company’s business plans; and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s mineral exploration programs and development plans for its projects, at present, all of which are located in Mexico, may prevent the Company from carrying out some or all of its business plans.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com for further information regarding the Company’s business and the risks associated therewith.
“This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.”
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Source: Sonoro Metals Corp.
Price Performance Comparison As of 08/12/2020
Price Performance Comparison Table
Index Comparison 1 Month 6 Months 1 Year 52-Week Range
SMOFF:TSXV
+68.57% +118.52% +78.79% Percentile : 61.2681524518481%
S&P 500 +4.77% +0.03% +17.22% Percentile : 99.0696203585041%
S&P Global BMI +5.70% -2.21% +11.80% Percentile : 93.5922242525846%
ETFs Holding This Company
ETFs Holding this Company Table
Symbol Name Morningstar Category % of Fund 52-Week Range
No ETFs Available
Company Profile
Business Summary
Sonoro Metals Corp. is an exploration-stage company. The Company is engaged in the acquisition, exploration and development of exploration and evaluation assets. The Company operates through the exploration of mineral properties segment. The Company's subsidiary, Minera Mar De Plata, S.A. de C.V., holds an interest in the Chipriona and Los Pinos properties, located in Sonora State, Mexico. Chipriona consists of over four concessions totaling approximately 410 hectares and adjoins Agnico Eagle's La India and Tarachi deposits. The Los Pinos property is approximately three kilometers west of Chipriona. The Company's subsidiary, Minera Breco, S.A. de C.V., holds the San Marcial project, located in Sonora State, Mexico, which consists of over three contiguous mineral concessions. It has interest in approximately 1,280 hectare Monroe Property located in the Fort Steele Mining Division in southeastern British Columbia.
Executives
John Darch
Executive Chairman of the Board
Kenneth MacLeod
President, Chief Executive Officer, Director
Scott Kelly
Chief Financial Officer, Director
Dayna Leigh
Secretary
Katharine Regan
Corporate Secretary
Stephen Kenwood
Director
Contact Information
Website
https://sonorometals.com/
Office
789 Pender St W Suite 480
VANCOUVER, BC V6C 1H2
Phone
(604) 632-1764
Fax
(604) 632-1764
SONORO METALS ANNOUNCES ADDITION OF $3.0 MILLION OVERALLOTMENT OPTION
TO $5.0 MILLION UNIT PRIVATE PLACEMENT
VANCOUVER, Canada, July 31, 2020 – Sonoro Metals Corp. (TSXV: SMO | OTCQB: SMOFF | FRA:
23SP) (“Sonoro” or the “Company”) is pleased to announce that, in response to strong investor
demand, it is increasing its non-brokered private placement first announced on July 23 (the
"Offering") by providing for an overallotment option of up to 60% (13,636,364 Units) over and above
the 22,727,273 Units previously announced. The Offering price remains $0.22 per Unit, each
comprised of one Sonoro Common share and one Common share purchase warrant. Each warrant
will entitle the holder thereof to purchase one additional Sonoro Common share for a period of
three years from the closing at an exercise price of $0.30 per share. The Offering, if fully subscribed,
will yield gross proceeds of $5,000,000, with the potential to add up to $3,000,000 of additional
proceeds under the overallotment option.
The Company intends to pay finder’s fees as permitted under the policies of the TSX Venture
Exchange in respect of Units placed with the assistance of registered securities dealers. All securities
issued and issuable in connection with the Offering will be subject to a 4-month hold period in
Canada from the closing date. The Offering, including the overallotment option, is subject to TSX
Venture Exchange acceptance.
The net proceeds from the Offering will be used principally to fund Sonoro’s previously announced
exploration and development plans at its Cerro Caliche Project located in Sonora, Mexico and project
property maintenance payments, and secondarily for corporate and general administrative expenses.
About Sonoro Metals Corp.
Sonoro is a publicly listed mineral exploration and development company with two exploration stage
precious metal properties in Sonora State, Mexico. The Company’s current principal focus, under
the leadership of its management team, with proven track records for the discovery and
development of natural resource deposits, is the pursuit of a dual-track strategy for its Cerro Caliche
Project – developing a heap leach pilot operation, while continuing an aggressive exploration program
to potentially expand the project’s size.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Metals Corp. - Tel: (604) 632-1764
Email: info@sonorometals.com
PRESS RELEASE: SONORO METALS ANNOUNCES $5.0 MILLION UNIT PRIVATE PLACEMENT
VANCOUVER, Canada, July 23, 2020 – Sonoro Metals Corp. (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that it will undertake a non-brokered private placement offering (the "Offering"), consisting of up to 22,727,273 units (the “Units”) at a price of C$0.22 per Unit, for gross proceeds of up to C$5,000,000. Each Unit will be comprised of one Sonoro Common share and one Common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional Sonoro Common share for a period of three years from the closing at an exercise price of $0.30 per share.
The Company intends to pay finder’s fees as permitted under the policies of the TSX Venture Exchange in respect of Units placed with the assistance of registered securities dealers. All securities issued and issuable in connection with the Offering will be subject to a 4-month hold period in Canada from the closing date. The Offering is subject to TSX Venture Exchange acceptance.
The net proceeds from the Offering will be used principally to fund Sonoro’s previously announced exploration and development plans at its Cerro Caliche Project located in Sonora, Mexico and project property maintenance payments, and secondarily for corporate and general administrative expenses.
“Upon completion of the financing, we intend to immediately commence the deeper drill program, as the requisite permits are in place and both our technical team and the drill crews are based in Hermosillo and do not require any cross-border travel,” said Kenneth MacLeod, President and CEO of Sonoro.
About Sonoro Metals Corp.
Sonoro is a publicly listed mineral exploration and development company with two exploration stage precious metal properties in Sonora State, Mexico. The Company’s current principal focus, under the leadership of its management team, with proven track records for the discovery and development of natural resource deposits, is the pursuit of a dual-track strategy for its Cerro Caliche Project – developing a heap leach pilot operation, while continuing an aggressive exploration program to potentially expand the project’s size.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Metals Corp. - Tel: (604) 632-1764
Email: info@sonorometals.com
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things: (i) the proposed development and financing of the Company’s exploration and development plans for its Cerro Caliche Project, including the development of a heap leach pilot operation; and (ii) the Company’s intention to undertake a Unit private placement financing. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the risks that the Company will not be able to successfully sell any or all of the Units; the Company will not be able otherwise to secure the financing necessary to fund its proposed exploration and development of its Cerro Caliche Project, or to fund its other project exploration and development business; future exploration results will be unfavourable and will not support the proposed plan to build a heap leach pilot operation or justify further exploration efforts; equipment failures, accidents, or external problems (e.g. civil unrest, public health emergencies) may materially increase the Company’s business expenses or delay (or prevent altogether) the execution of the Company’s business plans; and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s mineral exploration programs and development plans for its projects, at present, all of which are located in Mexico, may prevent the Company from carrying out some or all of its business plans.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com for further information regarding the Company’s business and the risks associated therewith.
“This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.”
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
PRESS RELEASE: Sonoro drilling targeting high-grade Epithermal gold mineralization at Cerro Caliche
VANCOUVER, Canada, June 26, 2020 - Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO) (OTCQB: SMOFF) is pleased to announce plans for its 2020 Phase One Drilling Program at Cerro Caliche, and has issued an illustrative plan titled ‘Targeting High Grade Gold Mineralization at Depth’ (the “Drilling Plan”) available here and on the Cerro Caliche project page of the company’s website*. Sonoro is also investigating alternative plans for its proposed Heap Leach Pilot Operation (HLPO).
Phase One of the program will total 6,000 meters of core drilling to test 20 targets, of which the initial 11 holes have been identified in the Drilling Plan. Of the remaining nine holes, seven have been tentatively identified in the Drilling Plan and two are reserved depending on the results of prior holes. This initial core drilling program is the first segment of the proposed 50,000 meters of core and rotary drilling contemplated in the Company’s May 26, 2020 news release.
Permitting for Phase One in place, financing discussions underway
The Company has the required permits to proceed with the first phase of the drilling program. Sonoro is currently in talks with various parties regarding the structure and amount of a potential financing for the program. Consequently, subject to Sonoro securing the necessary financing, drilling could commence within three weeks of completion of the financing.
The main purpose of the 2020 Phase One drilling program is to explore the potential for Cerro Caliche’s outlined, previously drilled, shallow, gold-bearing epithermal mineralization to explore zones to test for the presence of deeper high-grade gold mineralization. The Drilling Plan is based on the content and conclusions explained in the Cerro Caliche Project Development report (the “PDR”) and subsequent work to define specific drill targets. The PDR, which outlined the potential for higher grade gold zones deeper in the epithermal system, was disseminated to the public by the Company on May 25th, 2020 and is available on the Sonoro website at: www.sonorometals.com.
As illustrated in the Drilling Plan, the proposed 6,000 meters of core drilling will target mineralized zones projected to support vein zone coalescences at elevations favorable for the deposition of high-grade gold, at a depth from surface averaging approximately 200 to 300 meters. Drilling will test the confluence of parallel striking gold bearing vein zones that, at surface, are expressed as gold enriched sheeted vein sets. It will also similarly test at depth, the area’s coalescing of gold enriched stockwork zones. An additional focus is on areas where the rock type changes from quartzite to cretaceous andesite host rock.
Projected potential gold grades
The deep potential targeted by Sonoro will test for similarities to the neighbouring Mercedes mine, 9 km to the southeast. The Mercedes mine operates mainly underground with mining supplying a 2,000 tonnes per day mill that has operated since 2011 (Premier Gold website). The Mercedes mine is located in the same mineralized epithermal district and related hydrothermal - igneous system that hosts the Cerro Caliche mineralized area. Average mine-mill grades at the Mercedes mine have ranged between 3 and 6 grams/tonne gold with up to 100 grams/tonne silver. While encouraging because Cerro Caliche shares similarities with the geology at the Mercedes mine site, there can be no assurance that high grade gold zones similar to those at Mercedes will be discovered at Cerro Caliche.
Drilling to be concurrent to Heap Leach Pilot Operation development
The Phase One drilling is expected to take up to five months. It will continue concurrent with Sonoro’s ongoing efforts to complete an agreement with one of the four China-based EPC companies that the Company is in discussions with for the financing and development of its proposed Cerro Caliche Heap Leach Pilot Operation (HLPO). Advancing productive discussions with the Chinese EPC companies has been delayed by COVID-related travel restrictions since February 2020. Because there can be no assured date as to when COVID related restrictions will be lifted, Sonoro is investigating an alternative plan to advance its proposed HLPO with Mexican technical expertise, thereby possibly eliminating the impact of future COVID-19 related travel restrictions. Additional information on the alternative plan will be announced in due course.
"Aside from the evident bull market gold is building", said John Darch Sonoro’s Chairman, “Sonoro is in a position to potentially benefit from multiple high-impact value catalysts in the coming months. Of these catalysts, the drill-testing of these deeper, possible high-grade gold targets is the most immediate and has the greatest potential to add value in the near-term,” he added.
“As this news release details, our strategy is to employ what we think is an ideal combination of well-targeted exploration drilling, which has the potential to define wider vein intercepts with the potential to demonstrate higher gold grades across the project, together with proposed plans for development of a Heap Leach Pilot Operation which, if achieved, has the potential to fund Sonoro’s future growth,” said Kenneth MacLeod, President & CEO of Sonoro. “Consequently, it could greatly reduce the need for future equity financings.”
Sampling Results
To assist in the selection of targets for the Drilling Plan, Sonoro has completed an in-depth analysis of a total of 4,397 surface samples comprised of chips and channel samples of veins, stockwork and rocks that are confirmed to conform to Sonoro’s QA/QC protocols. Of these, the results of 3,834 samples were summarized in Sonoro’s news release dated October 10, 2018. Since that date, an additional 406 samples collected by Sonoro and 406 samples collected under NI 43-101 standardized methods by prior operator, Paget Southern Resources, have been added to the database. The 4,397 sample results averaged 0.48 g/t Au and 6.7 g/t Ag. Further analysis of the database showed that 495 samples averaged 3 g/t Au and 35 g/t Ag.
Sonoro has also received additional data from the historical exploration program carried out by Corex Gold in 2006 and 2007. Assay data for a total of 563 trenches and road-cut samples are being analyzed and will be added to the Sonoro database. This data is from sampling conducted under NI 43-101 standardized methods and is useful for resolving geology and assessing mineralized zones for future drilling.
On-Site Quality Assurance/Quality Control (QA/QC) Measures
Rock samples were collected by Sonoro’s geological and technical employees utilizing industry-standard methods of collection, including recording of descriptive data with hand held GPS-determined locations in UTM NAD 27 grid locations of center point of continuous chipped fine to coarse rock material collected directly into micropore or plastic bags from 1.5 to 3 meter lengths. Rock material collected was contained in numbered plastic bags with plastic zip ties closing them and numbered paper tags were inserted into the bags to confirm identification. Bags are locked in secure locations under the supervision of Sonoro personnel and are then transported by Sonoro personnel to the ALS-Chemex sample preparation facility in Hermosillo, Sonora, Mexico. The ALS-Chemex laboratory in Hermosillo prepares the samples by crushing, splitting and grinding to a fine pulp culminating with shipment to the ALS-Chemex analytical laboratory in Vancouver, B.C. for gold analysis by 30 gram fire assay with AA finish. In addition, a second small fraction of pulp is dissolved in a 4-acid mixture and is processed for the ICP determination of normal 35 element package. The ALS-Chemex laboratory inserts blanks and gold standards into the sample stream to verify the accuracy of the laboratory processes.
Qualified Person Statement
All scientific and technical information contained in the Drilling Plan and this press release has been reviewed and approved by Stephen Kenwood, P.Geo., a Director of Sonoro Metals Corp., who is a "qualified person" as defined in NI 43-101.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
KENNETH MACLEOD
President & CEO
For further information, please contact:
Sonoro Metals Corp. - Tel: (604) 632-1764
Email: info@sonorometals.com
*Link to “Drilling Plan” on website: https://sonorometals.com/wp-content/uploads/2020/06/20200626-Drilling-Targeting-High-Grade-FINAL.pdf
Forward-Looking Statement Cautions: This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, the Company's plans for 50,000 meters of drilling of the above-described Cerro Caliche Concessions, located in the municipality of Cucurpe, Sonora, Mexico, the Company’s future exploration plans for those properties, the development of a heap leach pilot operation, and the need for future financing to support the Company’s operations. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavourable interim exploration results, the lack of sufficient future financing to carry out exploration plans, and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION
this is the best pop in years...someone must like
the latest news release...
1 month to x-div...
PRESS RELEASE: Sonoro drilling targeting high-grade Epithermal gold mineralization at Cerro Caliche
VANCOUVER, Canada, June 26, 2020 - Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO) (OTCQB: SMOFF) is pleased to announce plans for its 2020 Phase One Drilling Program at Cerro Caliche, and has issued an illustrative plan titled ‘Targeting High Grade Gold Mineralization at Depth’ (the “Drilling Plan”) available here and on the Cerro Caliche project page of the company’s website*. Sonoro is also investigating alternative plans for its proposed Heap Leach Pilot Operation (HLPO).
Phase One of the program will total 6,000 meters of core drilling to test 20 targets, of which the initial 11 holes have been identified in the Drilling Plan. Of the remaining nine holes, seven have been tentatively identified in the Drilling Plan and two are reserved depending on the results of prior holes. This initial core drilling program is the first segment of the proposed 50,000 meters of core and rotary drilling contemplated in the Company’s May 26, 2020 news release.
Permitting for Phase One in place, financing discussions underway
The Company has the required permits to proceed with the first phase of the drilling program. Sonoro is currently in talks with various parties regarding the structure and amount of a potential financing for the program. Consequently, subject to Sonoro securing the necessary financing, drilling could commence within three weeks of completion of the financing
The main purpose of the 2020 Phase One drilling program is to explore the potential for Cerro Caliche’s outlined, previously drilled, shallow, gold-bearing epithermal mineralization to explore zones to test for the presence of deeper high-grade gold mineralization. The Drilling Plan is based on the content and conclusions explained in the Cerro Caliche Project Development report (the “PDR”) and subsequent work to define specific drill targets. The PDR, which outlined the potential for higher grade gold zones deeper in the epithermal system, was disseminated to the public by the Company on May 25th, 2020 and is available on the Sonoro website at: www.sonorometals.com.
As illustrated in the Drilling Plan, the proposed 6,000 meters of core drilling will target mineralized zones projected to support vein zone coalescences at elevations favorable for the deposition of high-grade gold, at a depth from surface averaging approximately 200 to 300 meters. Drilling will test the confluence of parallel striking gold bearing vein zones that, at surface, are expressed as gold enriched sheeted vein sets. It will also similarly test at depth, the area’s coalescing of gold enriched stockwork zones. An additional focus is on areas where the rock type changes from quartzite to cretaceous andesite host rock.
Projected potential gold grades
The deep potential targeted by Sonoro will test for similarities to the neighbouring Mercedes mine, 9 km to the southeast. The Mercedes mine operates mainly underground with mining supplying a 2,000 tonnes per day mill that has operated since 2011 (Premier Gold website). The Mercedes mine is located in the same mineralized epithermal district and related hydrothermal - igneous system that hosts the Cerro Caliche mineralized area. Average mine-mill grades at the Mercedes mine have ranged between 3 and 6 grams/tonne gold with up to 100 grams/tonne silver. While encouraging because Cerro Caliche shares similarities with the geology at the Mercedes mine site, there can be no assurance that high grade gold zones similar to those at Mercedes will be discovered at Cerro Caliche.
Drilling to be concurrent to Heap Leach Pilot Operation development
The Phase One drilling is expected to take up to five months. It will continue concurrent with Sonoro’s ongoing efforts to complete an agreement with one of the four China-based EPC companies that the Company is in discussions with for the financing and development of its proposed Cerro Caliche Heap Leach Pilot Operation (HLPO). Advancing productive discussions with the Chinese EPC companies has been delayed by COVID-related travel restrictions since February 2020. Because there can be no assured date as to when COVID related restrictions will be lifted, Sonoro is investigating an alternative plan to advance its proposed HLPO with Mexican technical expertise, thereby possibly eliminating the impact of future COVID-19 related travel restrictions. Additional information on the alternative plan will be announced in due course.
"Aside from the evident bull market gold is building", said John Darch Sonoro’s Chairman, “Sonoro is in a position to potentially benefit from multiple high-impact value catalysts in the coming months. Of these catalysts, the drill-testing of these deeper, possible high-grade gold targets is the most immediate and has the greatest potential to add value in the near-term,” he added.
“As this news release details, our strategy is to employ what we think is an ideal combination of well-targeted exploration drilling, which has the potential to define wider vein intercepts with the potential to demonstrate higher gold grades across the project, together with proposed plans for development of a Heap Leach Pilot Operation which, if achieved, has the potential to fund Sonoro’s future growth,” said Kenneth MacLeod, President & CEO of Sonoro. “Consequently, it could greatly reduce the need for future equity financings.”
Sampling Results
To assist in the selection of targets for the Drilling Plan, Sonoro has completed an in-depth analysis of a total of 4,397 surface samples comprised of chips and channel samples of veins, stockwork and rocks that are confirmed to conform to Sonoro’s QA/QC protocols. Of these, the results of 3,834 samples were summarized in Sonoro’s news release dated October 10, 2018. Since that date, an additional 406 samples collected by Sonoro and 406 samples collected under NI 43-101 standardized methods by prior operator, Paget Southern Resources, have been added to the database. The 4,397 sample results averaged 0.48 g/t Au and 6.7 g/t Ag. Further analysis of the database showed that 495 samples averaged 3 g/t Au and 35 g/t Ag.
Sonoro has also received additional data from the historical exploration program carried out by Corex Gold in 2006 and 2007. Assay data for a total of 563 trenches and road-cut samples are being analyzed and will be added to the Sonoro database. This data is from sampling conducted under NI 43-101 standardized methods and is useful for resolving geology and assessing mineralized zones for future drilling.
On-Site Quality Assurance/Quality Control (QA/QC) Measures
Rock samples were collected by Sonoro’s geological and technical employees utilizing industry-standard methods of collection, including recording of descriptive data with hand held GPS-determined locations in UTM NAD 27 grid locations of center point of continuous chipped fine to coarse rock material collected directly into micropore or plastic bags from 1.5 to 3 meter lengths. Rock material collected was contained in numbered plastic bags with plastic zip ties closing them and numbered paper tags were inserted into the bags to confirm identification. Bags are locked in secure locations under the supervision of Sonoro personnel and are then transported by Sonoro personnel to the ALS-Chemex sample preparation facility in Hermosillo, Sonora, Mexico. The ALS-Chemex laboratory in Hermosillo prepares the samples by crushing, splitting and grinding to a fine pulp culminating with shipment to the ALS-Chemex analytical laboratory in Vancouver, B.C. for gold analysis by 30 gram fire assay with AA finish. In addition, a second small fraction of pulp is dissolved in a 4-acid mixture and is processed for the ICP determination of normal 35 element package. The ALS-Chemex laboratory inserts blanks and gold standards into the sample stream to verify the accuracy of the laboratory processes.
Qualified Person Statement
All scientific and technical information contained in the Drilling Plan and this press release has been reviewed and approved by Stephen Kenwood, P.Geo., a Director of Sonoro Metals Corp., who is a "qualified person" as defined in NI 43-101.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
KENNETH MACLEOD
President & CEO
For further information, please contact:
Sonoro Metals Corp. - Tel: (604) 632-1764
Email: info@sonorometals.com
*Link to “Drilling Plan” on website: https://sonorometals.com/wp-content/uploads/2020/06/20200626-Drilling-Targeting-High-Grade-FINAL.pdf
Forward-Looking Statement Cautions: This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, the Company's plans for 50,000 meters of drilling of the above-described Cerro Caliche Concessions, located in the municipality of Cucurpe, Sonora, Mexico, the Company’s future exploration plans for those properties, the development of a heap leach pilot operation, and the need for future financing to support the Company’s operations. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavourable interim exploration results, the lack of sufficient future financing to carry out exploration plans, and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
SONORO METALS CORPORATION
PRESS RELEASE: Sonoro issues revised Cerro Caliche project development report
VANCOUVER, Canada, May 26, 2020 – Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO) (OTCQB: SMOFF) is pleased to report that it has published a revised version of its Cerro Caliche Project Development Report dated May 22, 2020 (the “Revised Report”). As disclosed in its press release of May 13, 2020, as a result of a review by the British Columbia Securities Commission, the Company withdrew an April 28, 2020 version of this project development report as it contained certain technical disclosures that did not comply with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The Revised Report, which is not a technical report as defined by NI 43-101 and should not be considered as such, has been updated to address those disclosure issues and is now available on the Cerro Caliche project page of the Company’s website: https://sonorometals.com/wp-content/uploads/2020/04/Cerro-Caliche-Project-Development-Report-2020-21-1.pdf
Based on the methodologies and modelling set out in the Revised Report, the Company believes that the 50,000 meters of drilling planned for 2020 and 2021 will enable the Company to not only outline additional gold and silver mineralization where zones of mineralization are currently open in one or more directions, but also to evaluate 16 surface defined gold mineralized zones that have not previously been drill tested. Drilling will include both infilling the zones that were previously drilled as well as a large number of holes to test undrilled portions of the various mineralized trends along strike and at depth.
The proposed drilling program has been designed to test the exploration target of between 75,000,000 to 100,000,000 tonnes with grades potentially between 0.3 g/t to 0.5 g/t AuEq. The potential tonnages and grades set forth in the analysis of geological potential are conceptual in nature, as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Good exploration potential exists in what has been interpreted to be the boiling zone, or favorable zone, which was better defined in the Revised Report. Analysis of higher grade chip samples taken by the Company over an area of 4 kms by 3 kms were restricted to elevations between 1,100 masl to almost 1,700 masl; most of these samples ranged from 4 g/t to 25 g/t gold with a high of 95 g/t (NI 43-101 Report on the Cerro Caliche Gold Project, July 26, 2019). This data will assist in planning holes to target high grade intercepts in areas where previously tested trends are open at depth or along strike. Additionally, there is exploration potential for additional gold and silver targets on the property that have been discovered by prospecting, mapping and rock chip sampling and have yet to be drill-tested.
The Company has also updated its corporate presentation available on the “Investors” page of its website.
All scientific and technical information contained in the Revised Report, the corporate presentation, and this press release has been reviewed and approved by Stephen Kenwood, P.Geo., a Director of Sonoro Metals Corp., who is a “qualified person” as defined in NI 43-101.
On behalf of the Board of SONORO METALS CORP. Per: “Kenneth MacLeod”
KENNETH MACLEOD President & CEO
For further information, please contact: Sonoro Metals Corp. – Tel: (604) 632-1764 Email: info@sonorometals.com
Forward-Looking Statement Cautions: This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to, among other things, the Company’s plans for 50,000 meters of drilling of the above- described Cerro Caliche Concessions, located in the municipality of Cucurpe, Sonora, Mexico, and the Company’s future exploration plans for those properties. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavourable interim exploration results, the lack of sufficient future financing to carry out exploration plans, and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
SONORO METALS CORPORATION
PRESS RELEASE: Third MOU for Financing and Development Executed
VANCOUVER, Canada, June 11, 2020, Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” or the “Company”), provides the following update regarding proposed project debt finance, engineering, procurement and construction (“EPC”) contracts with China-based EPC companies.
The Company has executed a third Memorandum of Understanding (“MoU”) for the finance and development of its proposed Cerro Caliche Heap Leach Pilot Operation (“HLPO”). As of February 28, 2020, Sonoro had received two executed MoUs regarding project debt financing and EPC services for its proposed Cerro Caliche HLPO.
“This latest MoU is from one of China’s state champions whose geological team has extensively analyzed all of Sonoro’s data and approved it as a project they would like to proceed with,” said the Company’s representative, Dr. Wei Qian. “It’s a very good endorsement and clear indication that business in China is resuming,” Dr. Qian added.
Sonoro anticipates that it should begin receiving detailed proposals regarding the provision of EPC services together with project finance in the coming weeks, as internal travel restrictions in China continue to be more relaxed.
Sonoro’s executive team and the EPC companies continue to wait for a further easing of current international travel restrictions in order to allow in-person meetings in China and the various EPC companies’ technical teams to fly to the proposed mine site in Sonora State, Mexico. Rescheduling of these meetings is subject to Chinese and Mexican authorities giving the green light for Chinese citizens to begin non-essential travel to Mexico.
Chairman John Darch, Director of Finance Neil Maedel and Sonoro’s representative Dr. Wei Qian had originally planned to visit China last February 2020 to continue discussions regarding detailed agreements as now outlined in the respective MoUs. Despite its reported success in dealing with the virus, China’s health officials remain cautious. In Mexico, most mining operations have resumed as the country’s lockdown of exploration and mining activities was recently lifted, an indication that the area where more than 80% of Mexican mining production occurs has very low levels or no COVID-19 infections within the local population.
“We are very pleased to execute this latest Memorandum of Understanding”, said John Darch, the company’s Chairman. “Like Dr. Qian, I am especially encouraged by the fact that during this challenging time three of the well-established and highly respected Chinese EPC Companies we met in China continue to actively pursue a business relationship with Sonoro.
About Sonoro Metals Corp.
Sonoro Metals Corp. is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties 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 METALS CORP.
Per: “John Darch”
JOHN DARCH
Chairman
For further information, please contact:
Sonoro Metals Corp. – John Darch, Chairman
Phone: (604) 632-1764
Email: info@sonorometals.com
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
SONORO METALS CORPORATION
PRESS RELEASE: Third MOU for Financing and Development Executed
VANCOUVER, Canada, June 11, 2020, Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” or the “Company”), provides the following update regarding proposed project debt finance, engineering, procurement and construction (“EPC”) contracts with China-based EPC companies.
The Company has executed a third Memorandum of Understanding (“MoU”) for the finance and development of its proposed Cerro Caliche Heap Leach Pilot Operation (“HLPO”). As of February 28, 2020, Sonoro had received two executed MoUs regarding project debt financing and EPC services for its proposed Cerro Caliche HLPO.
“This latest MoU is from one of China’s state champions whose geological team has extensively analyzed all of Sonoro’s data and approved it as a project they would like to proceed with,” said the Company’s representative, Dr. Wei Qian. “It’s a very good endorsement and clear indication that business in China is resuming,” Dr. Qian added.
Sonoro anticipates that it should begin receiving detailed proposals regarding the provision of EPC services together with project finance in the coming weeks, as internal travel restrictions in China continue to be more relaxed.
Sonoro’s executive team and the EPC companies continue to wait for a further easing of current international travel restrictions in order to allow in-person meetings in China and the various EPC companies’ technical teams to fly to the proposed mine site in Sonora State, Mexico. Rescheduling of these meetings is subject to Chinese and Mexican authorities giving the green light for Chinese citizens to begin non-essential travel to Mexico.
Chairman John Darch, Director of Finance Neil Maedel and Sonoro’s representative Dr. Wei Qian had originally planned to visit China last February 2020 to continue discussions regarding detailed agreements as now outlined in the respective MoUs. Despite its reported success in dealing with the virus, China’s health officials remain cautious. In Mexico, most mining operations have resumed as the country’s lockdown of exploration and mining activities was recently lifted, an indication that the area where more than 80% of Mexican mining production occurs has very low levels or no COVID-19 infections within the local population.
“We are very pleased to execute this latest Memorandum of Understanding”, said John Darch, the company’s Chairman. “Like Dr. Qian, I am especially encouraged by the fact that during this challenging time three of the well-established and highly respected Chinese EPC Companies we met in China continue to actively pursue a business relationship with Sonoro.
About Sonoro Metals Corp.
Sonoro Metals Corp. is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties 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 METALS CORP.
Per: “John Darch”
JOHN DARCH
Chairman
For further information, please contact:
Sonoro Metals Corp. – John Darch, Chairman
Phone: (604) 632-1764
Email: info@sonorometals.com
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
A summary of the new Project Development Report..
file:///C:/Users/19494/AppData/Local/Packages/Microsoft.MicrosoftEdge_8wekyb3d8bbwe/TempState/Downloads/Summary%20of%20PDR%202020.06.02%20%20(1).pdf
SONORO METALS CORPORATION
Cerro-Caliche
Project Development Report
https://sonorometals.com/wp-content/uploads/2020/04/Cerro-Caliche-Project-Development-Report-2020-21-1.pdf
like spaceEX rocket...HA up up and away...
ngl on cruise control...
nice 15%+ div...
nice run from $2 to $5+...
no reason not to see $8 - $12 during summer...
SMOFF … NEW REPORT RELEASE: Sonoro releases cerro caliche project development report – Potential for high-grade gold zones at depth highlighted
Also Available online here: https://sonorometals.com/it-is-apparent-to-us-that-the-cerro-caliche-district-contains-a-major-gold-rich-hydrothermal-system/
Over the past year our focus has been to complete the work necessary to support our planned Heap Leach Pilot Operation (HLPO) proposal. The next step in this regard is for the EPC companies’ technical teams to visit the Cerro Caliche site in Sonora, Mexico. With much of the world essentially locked down by the COVID Pandemic, we have done all the necessary preparatory technical work for these visits and are now waiting for travel restrictions to be lifted, as well as preparing for the next drill sampling phase.
In the meantime, we judged it sensible to spend the extra time created by the COVID travel ban to take a step back and assess the total results we have accumulated to date so that we can refine our understanding regarding the size and implications of the mineralized system which comprises Cerro Caliche. The purpose of this exercise was to focus our exploration model and fine tune our approach to ensure that our future exploration activities are increasingly cost effective and ultimately successful.
To accomplish this, the Sonora team has worked through the massive amount of data generated over the past two decades by your company and three predecessors. This includes over 23,000 meters of drilling, more than 6,000 soil and rock samples and volumes of new notes regarding the rock textures and, more subtle but still critical, aspects regarding the local and regional geology.
We believe the attached report is comprehensive in its detail and it’s also available online here:
https://sonorometals.com/wp-content/uploads/2020/04/Cerro-Caliche-Project-Development-Report-2020-21-1.pdf
Admittedly it’s lengthy, however the details are of critical importance, so we encourage you to read through it if you want to fully comprehend our understanding of the geology of the site. Taking the time to look at the big picture and apply the epithermal low sulfidation mineralization model to the Cerro Caliche site within the context of the surrounding district has turned out to be a highly worthwhile exercise. In part of the report we wrote, “What is remarkable is the ubiquitous nature of the gold contained within the hundreds of parallel NW trending quartz veins. Most quartz veins sampled carried more than 1 g/t Au. Many returned high grades ranging from 4 g/t Au to 25 g/t Au with one standout returning 97 g/t Au.”
It is apparent to us that the Cerro Caliche district contains a major gold-rich hydrothermal system which has enriched both the Cerro Caliche and the neighboring Mercedes Mine areas. After applying the classic low sulfidation epithermal model to the results thus far, it is also clear that the potential for expansion is exceptional, together with the opportunity to discover much higher-grade gold zones as we drill deeper.
We expect that between accelerating the HLPO program and our planned exploration activities, it will be a very exciting and productive 2020. In the meantime, please take a little time to read our report.
Mel Herdrick, P.Geo. ………………………. ……...Jorge Diaz
VP Exploration, Sonoro Metals Corp...…. VP Operations, Sonoro Metals Corp.
NEW REPORT RELEASE: Sonoro releases cerro caliche project development report – Potential for high-grade gold zones at depth highlighted
Also Available online here: https://sonorometals.com/it-is-apparent-to-us-that-the-cerro-caliche-district-contains-a-major-gold-rich-hydrothermal-system/
Over the past year our focus has been to complete the work necessary to support our planned Heap Leach Pilot Operation (HLPO) proposal. The next step in this regard is for the EPC companies’ technical teams to visit the Cerro Caliche site in Sonora, Mexico. With much of the world essentially locked down by the COVID Pandemic, we have done all the necessary preparatory technical work for these visits and are now waiting for travel restrictions to be lifted, as well as preparing for the next drill sampling phase.
In the meantime, we judged it sensible to spend the extra time created by the COVID travel ban to take a step back and assess the total results we have accumulated to date so that we can refine our understanding regarding the size and implications of the mineralized system which comprises Cerro Caliche. The purpose of this exercise was to focus our exploration model and fine tune our approach to ensure that our future exploration activities are increasingly cost effective and ultimately successful.
To accomplish this, the Sonora team has worked through the massive amount of data generated over the past two decades by your company and three predecessors. This includes over 23,000 meters of drilling, more than 6,000 soil and rock samples and volumes of new notes regarding the rock textures and, more subtle but still critical, aspects regarding the local and regional geology.
We believe the attached report is comprehensive in its detail and it’s also available online here:
https://sonorometals.com/wp-content/uploads/2020/04/Cerro-Caliche-Project-Development-Report-2020-21-1.pdf
Admittedly it’s lengthy, however the details are of critical importance, so we encourage you to read through it if you want to fully comprehend our understanding of the geology of the site. Taking the time to look at the big picture and apply the epithermal low sulfidation mineralization model to the Cerro Caliche site within the context of the surrounding district has turned out to be a highly worthwhile exercise. In part of the report we wrote, “What is remarkable is the ubiquitous nature of the gold contained within the hundreds of parallel NW trending quartz veins. Most quartz veins sampled carried more than 1 g/t Au. Many returned high grades ranging from 4 g/t Au to 25 g/t Au with one standout returning 97 g/t Au.”
It is apparent to us that the Cerro Caliche district contains a major gold-rich hydrothermal system which has enriched both the Cerro Caliche and the neighboring Mercedes Mine areas. After applying the classic low sulfidation epithermal model to the results thus far, it is also clear that the potential for expansion is exceptional, together with the opportunity to discover much higher-grade gold zones as we drill deeper.
We expect that between accelerating the HLPO program and our planned exploration activities, it will be a very exciting and productive 2020. In the meantime, please take a little time to read our report.
Mel Herdrick, P. Geo...……………………………. Jorge Diaz, MSc.
VP Exploration, Sonoro Metals Corp...….. VP Operations, Sonoro Metals Corp.
how NGL saves oil towns USA...
a NGL exec Economics 101
Stimulus Package
It is a slow day in the small oil town of Pumphandle. Its streets are deserted. Times are tough, everybody is in debt; everyone is living on credit.
A NGL exec visiting the area drives through town, stops at the motel, and places a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.
As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.
The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Co-op.
The guy at the Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has been offering her "services" on credit.
The hooker rushes over to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything.
At that moment the NGL exec comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves.
No one produced anything. No one earned anything... However, the whole town is now out of debt and now looks to the future with a lot more optimism.
And that, ladies and gentlemen, is how a NGL Stimulus package works.
back in @$2.05...
be interesting to see what the bosses do with the coming div...
interest from a couple of groups from china and a group
from germany could prove interesting and profitable...
does anyone have the current share structure of rcel?
issued? float? etc?
Symbol
RCEL
LastQuoteHelp
7.75
Change
0 (0.00%)
Bid
7.71
Ask
7.79
High
8.34
Low
7.25
Volume
108,301
Time (ET)
12:49:04 PM
trading on ch. schw. but not showing on ihub
Avita Medical Ltd...RCEL..NASDAQ..ADR
Biotechnology
Quote Information Table
Last Price..Today's Change..ADRRatio..Bid/Size...Ask/Size..Today's Volume
$7.79 ..-0.10 (-1.27%).. 1:20.. $7.71/29 ..$7.79/45.. 98,696 Below Avg.
how does avita meet the requirements to be listed on the NASDAQ?
how are the shares traded on OTC QX as AVMXY reconciled with shares
traded ASX as AVH?
sold 2/3 of my avmxy position last thurs and sold the balance this morning...
good luck to all...enjoyed the dialogue on this board, but it was
time to take my profits...
and the filing also refers to this stock by the OTC QX...
Date : 09/19/2019 @ 4:40PM
Source : Edgar (US Regulatory)
Stock : Avita Medical Ltd. (QX) (AVMXY)
Quote : 8.29 0.35 (4.41%) @ 4:00PM
200m new share????
Title of each class of
Securities to be registered
Amount to be registered
Proposed maximum offering price per unit (1)
Proposed maximum aggregate offering price
Amount of registration fee
American Depositary Shares representing ordinary shares of Avita Medical Limited
200,000,000
American Depositary Shares
$5.00 proposed maximum price
$10,000,000 proposed maximum aggregate price
(1)
For the purpose of this table only the term "unit" is defined as 100 American Depositary Shares or portion thereof.
The registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
different stock...avmxy trades @ over $7...
avmxf trades at $.35
Sonoro Engages New Tigers Technologies to Open China Branch Office
3:15 AM ET, 09/03/2019 - GlobeNewswire
VANCOUVER, British Columbia, Sept. 03, 2019 (GLOBE NEWSWIRE) -- Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO) (OTCQB: SMOFF) is pleased to announce that it has entered into an agreement with New Tigers Technologies Ltd., (“NTT”) a wholly owned subsidiary of New Tigers Consulting Ltd. (www.newtigers.com) of Suzhou, Jiangsu Province, P. R. China, where NTT will act as Sonoro’s representative and establish a representative office for the Company at NTT. A key NTT function will be to identify and introduce Sonoro to China-based engineering, procurement and construction (“EPC”) companies considered to be a good potential fit for Sonoro’s project requirements. NTT has already assisted with initial introductions, enabling Sonoro to commence discussions regarding the development and financial structuring of its proposed Cerro Caliche heap leach pilot operation. As part of this engagement, NTT will continue to identify and introduce potential Chinese project partners for Sonoro’s projects, while facilitating ongoing communications with those already engaged in discussions with the Company. According to the agreement, following any future joint development between Sonoro and any China-based entities, NTT will continue to act as the Company’s China branch office representative.
During the week of July 21st, on an exploratory business tour organized by NTT and exclusive to the Company, Chairman John Darch and Director of Finance Neil Maedel travelled to Beijing, Yantai, Shanghai and Hong Kong to meet with corporate executives and initiate discussions regarding potential EPC and project development and structuring agreements. The Company has since entered into Confidentiality Agreements and commenced formal discussions with five China-based EPC companies regarding potential EPC contracts, and opportunities for project financing.
John M Darch, Chairman of Sonoro, commented, “In our meetings, these companies very graciously detailed their advanced technical capabilities regarding engineering and mine design, equipment manufacturing and finally, installation and commissioning. I found it extremely encouraging that some of the examples they used, were mines that processed mineralization with gold grades similar to those at our Cerro Caliche property. Each of these companies has subsequently entered into a Confidentiality Agreement so we that we may begin a dialogue regarding the various geological and technical aspects of our proposal.”
NTT acts as a liaison for Western companies who wish to do business with China-based entities in areas ranging from, but not limited to, EPC agreements, project financing and related structuring, joint ventures, commodity off-take agreements and the establishment of manufacturing facilities. NTT has served more than 1,400 international clients over the past 21 years. In consideration of NTT’s services, Sonoro will pay a fixed monthly cash fee which includes providing the Company with a representative office in China, support staff and translation services. Future China-based agreements secured by the Company because of NTT’s efforts may carry a success-fee obligation to be determined based on the applicable agreement terms.
The Company’s activities carried with the assistance of NTT will be directed by NTT’s co-founder Dr. Wei Qian, a former China State Council official (overseeing three Provinces in China). Dr. Qian has a PhD in Economics (University of Limerick, Ireland) and an MBA (Sir Charles Harvey Award - London School of Economics). In addition to its Suzhou, Jiangsu office, NTT has branch offices in Shenzhen, Chongqing, Guangzhou, Wuhan and Beijing.
To enable Sonoro to advance to this next critical step in its development, InProved Pte., which originally introduced and recommended NTT to Sonoro, has agreed to cancel its fiscal advisory agreement with the Company, announced by Sonoro on February 28, 2019. The Company would like to thank InProved and its founder Huan Koh for their assistance and efforts in getting Sonoro to this next promising phase of its development.
On behalf of the Board of SONORO METALS CORP.
Per:
John M. Darch
Chairman
For further information, please contact:Sonoro Metals Corp.
- Tel: (604) 632-1764Email: info@sonorometals.com
NGL's$37 dollar per share loss in 16 months...could not have been mismanagement... and NGL's gain of $6 per share in 44 months...
could not have been mismanagement...both must have been pure luck...
bad or good...
reducing the div from $.64 per share to $.39 per share could not
have been mismanagement and keeping the div at $.39
per share must have been good management...or pure luck
if one bought NGL at $7 per share one can look back upon wonderful gains...
if one bought NGL at $15 per share probably not so much...
I dredge up something from 3 hours ago and it weighs on me not at all...
I dredge up a company's history through documents it issues and I hope
to see NGL'S future as an investment for me...
NGL is a good investment right now...
what triggered the "sell off" from oct 2014 @$43.32 to jan 2016 $6.57...
what triggered the rise from jan 2016 $6.57 to yesterday's close of $12.30...
I am sure many have their own opinions...
one invests how they like and play the market how they like...the
common factor is the excellent div. return...from NGL...
div on 2/1/16 $.64 on $6.57 stock, the div on 4/29/16 $.39 on $7 stock,
each div since at $.39...
what ever price one invested in NGL, one is happy, sad or indifferent...but
as others I am all smiles when the div posts to my accounts...
$750,000 private placement fully subscribed...