-- Sonoro Gold (SGO.V) on Tuesday said it will resume exploration drilling at its flagship Cerro Caliche gold project in Sonora State, Mexico, it said on Tuesday.
Phase I of the progran will include 25,000 meters of drilling with about 207 drill holes and 6,000 soil samples and is expected to be completed by the fall of this year. Phase II will continue uninterrupted until the Spring, 2027, with 25,000 meters of drilling and about 220 drill holes and 3,000 soil samples.
Access roads to the drill sites have been upgraded and drill pads are near completion, the company said. Drilling will start with CANMEX Perforaciones y Servicios SA de CV on May 11.
The program will initially focus on infill drilling at several known gold mineralized zones, it added. The program will also undertake expansion drilling at certain mineralized corridors where occurrences suggest consistent geology and the potential expansion of mineralization.
Shares of the company were last seen down $0.005 to $0.22 on the TSX Venture Exchange.
Price: $0.22, Change: $-0.01, Percent Change: -2.22%