Sonoro Gold PROVIDES AN UPDATE ON THE ENVIRONMENTAL PERMIT (mia) FOR THE CERRO CALICHE GOLD PROJECT

Core Points - Sonoro Gold Corp. has submitted a revised Environmental Impact Statement (MIA) for its Cerro Caliche gold project in Sonora, Mexico, to optimize the project's footprint and enhance social and environmental stewardship [1][2] - The revised MIA reflects the company's commitment to meet high social and environmental standards while bringing the Cerro Caliche project into production [2][3] - The company holds 100% of the concession rights and surface rights for the Cerro Caliche project, which is essential for mining construction and operational activities in Mexico [4] Project Details - The Cerro Caliche project covers a 1,400-hectare property with a broadly mineralized low-sulphidation epithermal vein structure and over 25 gold mineralized zones identified [5] - An updated Mineral Resource Estimate (MRE) was filed in March 2023 based on 55,360 meters of drilled data, including 498 drill holes and 17 trenches [5] - A new Preliminary Economic Assessment (PEA) filed in October 2023 indicates a potential 9-year open pit, heap leach mining operation with an after-tax net present value (NPV5) of US $47.7 million at a gold price of US $1,800 per ounce, and US $77 million at US $2,000 per ounce, with internal rates of return (IRR) of 45% and 63% respectively [6][7] Management Commentary - Kenneth MacLeod, President and CEO of Sonoro, emphasized the extensive technical and environmental studies involved in the MIA permitting process, highlighting the company's commitment to the local community and compliance with Mexico's environmental requirements [3]