Sonoro Gold to raise C$11 million for Mexico drilling program

Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF, FRA:23SP) said it plans to raise C$11 million through a fully committed non-brokered private placement to fund drilling at its Cerro Caliche project in Mexico. The company said proceeds will be used to complete a two-phase, 50,000-metre drilling program at its flagship Cerro Caliche gold project, located in Sonora state.