SONORO GOLD ANNOUNCES FURTHER EXPANSION OF CERRO CALICHE GOLD PROPERTY
Sonoro adds 51‑ha Diana concession, bolstering Cerro Caliche drill footprint
Sonoro Gold Corp., through its Mexican subsidiary Minera Mar de Plata, completed the acquisition of the 51‑hectare Diana mineral concession for a cash payment of US $600,000. The parcel adjoins the north‑eastern edge of the Cerro Caliche gold project, increasing the contiguous land package to 3,975.97 ha across 26 concessions. No securities or royalty interests were issued to the sellers. The acquisition is slated to be incorporated into an upcoming 50,000‑meter drilling program aimed at expanding the resource base and testing structural continuity of existing mineralized corridors.
- Scale: The transaction adds only ~1 % of total project area (51 ha vs ~4,000 ha) and involves a modest cash outlay.
- Financial effect: $600k cash outflow is immaterial relative to the company’s existing cash balance (≈ C$0.19 M as of Q3‑2025) and recent financing activities that have raised over CAD $20 M in total. No dilution or royalty burden accompanies the deal.
- Strategic relevance: The concession sits within a known mineralized corridor (northwest‑trending) and contains historic drill data, offering incremental upside for the 50k‑meter drilling campaign announced on 2026‑04‑07. It aligns with Sonoro’s stated goal of expanding the resource footprint before the updated PEA release (expected Q1 2026).
- Market expectation: Prior announcements (Jan 14 2026, Feb 28 2026) already signaled a phased expansion strategy and a sizable drilling program. The market likely anticipated further land‑acquisition steps; therefore the news is not a surprise.
Conclusion: The acquisition is a routine, positive development that marginally improves project coverage without materially altering the company’s financial position or valuation outlook.
Sonoro Gold Corp. is a junior mining company focused on the Cerro Caliche gold project in Sonora, Mexico – an open‑pit, heap‑leach operation targeting up to 16,000 t/d of ore. The project currently holds a NI 43‑101 compliant Mineral Resource Estimate of 51.8 Mt Measured + Indicated at 0.37 g/t Au (≈ 6.2 Moz AuEq) plus an Inferred component. An updated PEA released on 28 Feb 2026 projected after‑tax NPV₈ of US $224 M and IRR of 50 % under base‑case assumptions.