Sonoro Gold expands Cerro Caliche footprint with 29-concession acquisition in Sonora

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.