Sonoro Gold expands Cerro Caliche footprint with 29-concession acquisition in Sonora
Key takeaways
- The acquisitions would expand the Cerro Caliche property from nearly 4,000 hectares to 9,001 hectares, with a further 454 hectares accessible through the potential 51% stake.
- Sonoro said its exploration team is reviewing roughly 30 years of historical data across the 24 new concessions, including soil and rock geochemical samples, drilling campaigns and geophysical surveys.
- Cerro Caliche is currently in the final permitting stage for a proposed open-pit, heap leach mining operation.
Sonoro Gold expands Cerro Caliche footprint with 29-concession acquisition in Sonora Proactive Tue, May 12, 2026 at 8:20 PM GMT+7 2 min read SGO.V GC=F 23SP.F SMOFF SGO.NE Sonoro Gold expands Cerro Caliche footprint with 29-concession acquisition in Sonora Proactive uses images sourced from Shutterstock Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF, FRA:23SP) said on Tuesday its Mexican subsidiary has signed three binding letters of intent to acquire interests in 29 mineral concessions adjacent to its Cerro Caliche gold project in Sonora, Mexico, in a move the company says could reveal a larger epithermal gold system.
The deals, signed by wholly owned subsidiary Minera Mar de Plata with two arm s-length Sonora residents, cover a 100% interest in 24 concessions spanning 5,025 hectares for US$6 million payable over 20 months, plus the assumption of approximately US$990,000 in outstanding concession fees, with no securities issued or royalty interests granted.
A third letter of intent grants the subsidiary an option to earn up to a 51% interest in five additional concessions covering roughly 454 hectares, through US$9 million in exploration expenditures over four years, at a rate of 12.75% interest earned per US$2.25 million spent.