SONORO GOLD ANNOUNCES EXPANSION OF CERRO CALICHE GOLD PROPERTY

Core Viewpoint - Sonoro Gold Corp. has successfully executed agreements to acquire ten mineral concessions adjacent to its Cerro Caliche gold project, significantly expanding its property and exploration potential in Sonora, Mexico [1][3][4]. Acquisition Details - The acquisition involves a 100% interest in 2,574.16 hectares of mining concessions for a total consideration of USD $4.0 million, to be paid in installments of USD $1.0 million per year over the next four years [2]. - The company will also assume responsibility for approximately USD $570,000 in outstanding mineral concession fees [2]. Property Expansion - The Cerro Caliche property now consists of twenty-five contiguous mining concessions covering a total area of 3,924.26 hectares, potentially extending known mineralized corridors to the northwest and southeast [3][4]. Strategic Importance - The acquisition is viewed as a strategic move to enhance the project's exploration potential and may lead to the expansion of known mineralized corridors in the northern and southern regions of the property [4]. - The Cerro Caliche gold project is in the final permitting stage for a proposed open-pit, heap leach mining operation, featuring over twenty-five northwest-trending gold mineralized zones [7]. Technical Assessment - A Technical Report titled "NI 43-101 Technical Report for the Preliminary Economic Assessment on the Cerro Caliche Project" was filed on October 12, 2023, which includes historical geological data from prior exploration programs [4]. - An updated Preliminary Economic Assessment (PEA) is anticipated to be completed in the first quarter of 2026, based on drilling and assay data from approximately 30% of the identified mineralized zones [8].