gold in alaska - Sonoro Metals Corp

Transcription

gold in alaska - Sonoro Metals Corp
& GOLD IN ALASKA
March 2016
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Forward Looking Statements
Statements contained in these following slides contain certain forward-looking statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and forward looking information within the meaning of the Securities Act (Ontario) and similar legislation
in other jurisdictions. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variation of such words
and phrases or state that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance
or achievements of Sonoro Metals Corp. (“Sonoro”) to be materially different from any future results, performance or achievements expressed or
implied by the forward looking statements. These forward-looking statements include estimates, forecasts, and statements as to management’s
expectations with respect to, among other things, business and financial prospects, growth potential, the size, quality and timing of Sonoro’s
exploration and possible development projects, mineral reserves and mineral resources, future trends, plans, strategies, objectives and
expectations.
These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary materially. These
statements are based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic
conditions, interest rates, the supply and demand for, inventories of, and the level and volatility of prices of gold, silver, zinc, lead, or copper, the
availability of financing for Sonoro’s programs on reasonable terms, the accuracy of Sonoro’s resource estimates (including, with respect to size,
grade and recoverability) and the geological, operational and price assumptions on which economic resource models are based, the resolution of
environmental permitting and other proceedings, the capacity to obtain qualified personnel, consultants, and contractors and the future
operational financial performance of the company generally. The foregoing list of assumptions is not exhaustive.
Events or circumstances could cause actual results to differ materially. Such events include, among others, unanticipated developments in
business and economic conditions in the principal markets for commodities and/or financial instruments, changes in the supply, demand, and
prices for metals and other commodities, the actual results of exploration activities, conclusions of economic evaluations, uncertainty in the
estimation of ore reserves and mineral resources, changes in project parameters as plans continue to be refined, changes in economic and
political stability in jurisdictions where Sonoro has business interests, environmental risks and hazards, legal disputes, increased infrastructure
and/or operating costs, labour and employment matters, and government regulation as well as those factors discussed in the section entitled
“Risk Factors” in Sonoro’s Annual and Quarterly Reports and associated financial statements, Management Information Circulars and other
disclosure documents filed with Canadian securities regulators. Although Sonoro has attempted to identify important factors that could cause
actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such
statements. Sonoro disclaims any intention or obligation to update or revise any forward-looking statements, whether as a results of new
information, future events or otherwise. Accordingly readers should not place undue reliance on forward-looking statements.
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About Sonoro Metals Corp.
Mineral assets in established districts:
•
•
Sonora State (Sierra Madre Gold Belt & Sonora-Mojave Megashear)
Tintina Gold Belt, Alaska, USA
Diversified portfolio of exploration properties:
•
•
gold & silver in Mexico – exploration program underway
Gold in Alaska – successful exploration program in 2015
Experienced exploration team in Alaska with project partner,
Northern Empire Resources
Experienced exploration team in Mexico with proven track record
Model for success:
•
Predecessor company Pediment Gold Corp. bought by Argonaut Gold
Corp. for $137M in 2011
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Capital Structure
Common Shares Outstanding
Stock Options @ $0.10 exp. December 2019
23,952,586
1,217,500
Stock Options @ $0.20 exp. April 2019
225,000
Stock Options @ $0.60 exp. December 2016
637,500
Warrants @ average $0.19 exp. 2017 & 2018
(increasing to $0.23 December 2016)
12.98M
Shares Fully Diluted
39,014,253
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Management & Board of Directors
Gary Freeman, Chairman & Director: 30+ years experience as an entrepreneur, broker,
financier. Formerly CEO of Pediment Gold Corp. acquired by Argonaut Gold in 2011; also director
of Ethos Gold Corp. and Precipitate Gold Corp.
Kenneth MacLeod, President, CEO & Director: 35+ years experience as an entrepreneur and
executive officer in the resource sector; President/CEO of Western GeoPower Corp. (2001-2009)
and several resource companies operating in the Americas, Asia and Africa (1981-2001).
Steve Kenwood, P.Geo, COO, Director & Qualified Person: 10+ years experience managing
public companies and over 20 years mineral exploration experience including Snip Mine
(Cominco); Eskay Creek (Prime Exploration); Petaquilla Deposit, Panama (Adrian Resources).
Scott Kelly, B.Comm. CFO & Director: 10+ years public company management experience;
formerly VP Finance for Pediment Gold Corp.; also CFO for Ely Gold & Minerals Inc.
Ron Husband, MBA, Director: 15+ years public company management experience.
Dayna Leigh, Corporate Secretary: Formerly Corporate Secretary for Pediment Gold Corp.
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Exploration Teams
Head Office - Chief Operating Officer:
• Steve Kenwood, P.Geo, COO, Director & Qualified
Person: 15 years experience managing public
companies and over 20 years mineral exploration experience including Snip Mine (Cominco); Eskay Creek
(Prime Exploration); Petaquilla Deposit, Panama (Adrian Resources).
Hilltop, Alaska – Managed by Project Partner, Northern Empire Resources:
• John Robins, P.Geo., Chairman, Northern Empire: 30 years industry experience with a track record of
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success in exploration. Executive Chairman of Kaminak Gold Corporation, developing the Coffee Gold
Project in the Yukon. Sits on the Boards of several successful exploration companies. Founded Hunter
Exploration Group in 1988, one of Canada’s most successful private exploration companies.
Bill Cronk, P.Geo., Exploration Manager, Northern Empire: 25 years of experience as a geologist and
manager of exploration programs for precious metals, base metals, and uranium deposits. Formerly with
Dundee Precious Metals, Placer Dome, BHP and Noranda Inc.
Mexico:
• Melvin Herdrick, P.Geo, Exploration Manager, Mexico: has 35 years exploration experience, including 9
•
years as Chief Geologist for Phelps Dodge, Mexico and 5 years as VP Exploration for Pediment Gold Corp.
until its takeover by Argonaut Gold in 2011.
Jorge Diaz, Mining Engineer, Mexico: Graduate of Colorado School of Mines; 25 years experience as
Mining Engineer on projects throughout Mexico, including development and construction of Mulatos Mine
and La Colorada Mine, Sonora.
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Gold Exploration in Alaska – Hilltop
Alaska:
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Mining friendly jurisdiction – 6 producing
mines + 5 advanced exploration projects
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Historic gold producer >40M oz since 1880
Introduction to Hilltop Gold Project:
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31,720 acre / 12,836 ha exploration project
70 km SE of Fairbanks in Tintina Gold Belt
Hilltop Option Agreement:
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Option from Northern Empire Resources to
acquire a 60% interest in Hilltop by spending
C$3M on exploration and issuing 1M Sonoro
shares by Dec. 2019 as follows:
o
2015: C$250,000 + 250,000 shares (completed)
o
2017: C$500,000 + 250,000 shares (expended
C$150,000 for Phase 2 exploration in 2015)
o
2018: C$750,000 + 250,000 shares
o
2019: C$1,500,000 + 250,000 shares
*The scientific & technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a Qualified Person under National Instrument 43-101 .
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Gold Exploration in Alaska – Hilltop
Hilltop Location:
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75 km W of Sumitomo’s Pogo mine
(4.973 Moz at 12.5 g/t gold)
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75 km SE of Kinross’ Fort Knox mine
(3.8 Moz at 0.45 g/t gold)
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Contiguous
to
Northern
Richardson property
Empire’s
Excellent infrastructure:
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Adjacent to Richardson Highway
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Access roads on to property and to
current exploration areas
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High power transmission lines transiting
N & S boundaries
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Trans-Alaska Pipeline crossing ppty.
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Benign topography – rolling hills
One-hour drive
property turn-off
from
Fairbanks
to
Office/accommodation complex at
highway turn-off – no camp reqd.
*The scientific & technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a Qualified Person under National Instrument 43-101 .
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Gold Exploration in Alaska – Hilltop
Hilltop Project Geology:
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Clear pathfinder associations
consistent with Intrusion
Related Gold (IRG) systems
•
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Exploration model is for Pogo-style mineralization
Gold mineralization within low angle quartz-pyritearsenopyrite veins and veinlets
Exploration History:
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Soil sampling identified strong gold-in-soil anomaly
overlaying a large resistivity geophysical signature
•
Over 800 soil samples to date returned anomalous IRG
pathfinder elements such as Bi, Te, As, Sb and W
2015 Phase 1 & 2 Exploration:
•
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2015 Ph. 1 budget C$250,000 – completed
2017 Ph. 2 budget – C$500,000 (C$150,000 completed)
8 trenches excavated/mapped over 213 meters strike
270 bedrock & 752 soil samples – due diligence
sampling of historical data + expansion of gold footprint
*The scientific and technical information in this presentation has been reviewed by
Stephen Kenwood, P.Geo., a Qualified Person under National Instrument 43-101 .
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Hilltop 2015 Phase 1 Soil Sampling
Phase 1 Soil Sampling Results:
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61 due diligence soil samples (10% of samples collected in
2011 by previous exploration group) confirmed substantial
gold anomaly 400 x 1,000 m with 27 ranking above 85th
percentile (13 – 480 ppb Au*) + 4 above 95th percentile
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336 additional soil samples collected – 51 samples ranked
in 85th percentile or higher and 17 samples ranked in 95th
percentile or higher (27 ppb to 480 ppb)
•
Additional sampling expanded anomalous gold results 400
m to west and increased zone of interest to 2.4 x 2.4 km
*Soil samples were sent to Activation Labs in Ancaster, Ontario and subjected to FA-AA (Fire Assay – Atomic Absorption) and Enzyme Leach analysis
The scientific and technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a QP under National Instrument 43-101 .
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Hilltop 2015 Phase 2 Soil Sampling
Phase 2 Soil Sampling Results:
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Expanded gold footprint over 3 distinct target
areas with 355 soil samples grading 2.5-60 ppb Au
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Hilltop S gold-in-soils anomaly 1.8 km x 500 m
Hilltop N & S zone of interest increased to 3 km²
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Birch Lake Conductor (3 km SW of Hilltop) – infill soil
samples at 100 m spacing (zone of interest 3 km x 1.5 km)
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Mosquito Creek (6 km SW of Hilltop) – anomalous soil
samples and rock float samples
*Soil samples were sent to Activation Labs in Ancaster, Ontario and subjected to FA-AA (Fire Assay – Atomic Absorption) and Enzyme Leach analysis
The scientific and technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a QP under National Instrument 43-101 .
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Hilltop 2015 Soil Sampling Overview
Soil Sampling: Gold v Pathfinder Elements
*
“The Phase 2 exploration program demonstrated a clear
association between gold values and Intrusive Related Gold
pathfinder elements in both rock/trench samples and soils.”
(John Robins – Chairman, Northern Empire - October 2015)
The scientific and technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a QP under National Instrument 43-101 .
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Hilltop 2015 Exploration - Trenching
Trenching Results:
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Trenching focused on
an area with
historic high-grade Au grabs from
hand-dug pits
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Total 213 m of trenching
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Best 1m sample graded 19.5 g/t
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Trench HT15-005 resampled with
9.71 g/t Au over 4 m
•
Elevated pathfinder elements (As,
Bi, Pb, Sb, Te, W) showed Intrusive
Related Gold (IRG) affinity
270 rock samples
Rock grab samples graded up to
26.55 g/t Au*
Trench HT15-003 graded 1.41 g/t
Au over 7 m
*Rock samples were assayed using ICP-MS (Inductively Coupled Plasma – Mass Spectrometry) and FA-AA (Fire Assay – Atomic Absorption)
by ALS Chemex in Fairbanks, Alaska
The scientific and technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a QP under National Instrument 43-101 .
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Hilltop 2016-17 Looking Ahead?
Additional soil sampling and trenching
Further expand known gold footprint
Investigate other prospective areas
Identify drill targets – then drill!!
“The exploration results….support our
belief that the Richardson Gold District
will emerge as one of the most exciting
areas for gold exploration in Alaska as we
advance this (Hilltop) project.
(Kenneth MacLeod – President, Sonoro, Oct. 2015)
*
The scientific and technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a QP under National Instrument 43-101 .
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Mexico – Gold/Silver World Leader
Mexico:
• Historic production of over 10B oz of silver over 500 years
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World’s #1 producer of silver at 170M oz in 2013
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World’s #9 producer of gold at 98 Metric Tonnes in 2013
Sonoro Metals Projects in Mexico
Sonora State:
• Sonora State annual production
>500,000 oz gold & 154 t copper
of
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Mining represents 21% of Sonora’s GDP
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>100 foreign mining companies operating
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2 prolific world-class gold/silver districts
San Marcial
Chipriona
Los Pinos
*The scientific and technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a Qualified Person under National
Instrument 43-101 and a director of Sonoro Metals Corp. Readers are cautioned that the presence of alteration and mineralization on properties
adjacent to or in close proximity to the Company's properties is not necessarily indicative of alteration and mineralization on the Company's properties.
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Sonora State – Leading Producer of Gold/Silver
2 World-class Mining Districts:
Sonora-Mojave Megashear:
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500 x 50 km regional-scale
system of faults and shears
Megashear Au mines produced
10M oz with 25M oz remaining
in resources
Sierra Madre Gold Belt:
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1,300 km long epithermal belt
One of the world’s richest
precious metals regions
Produced ~40M oz gold and
~2B oz silver over 400 yrs.
Mulatos District – 20 km long
NW trending belt of highsulphidation gold mineralization
*The scientific and technical information in this presentation has been reviewed by Stephen Kenwood, P.Geo., a Qualified Person under National
Instrument 43-101 and a director of Sonoro Metals Corp. Readers are cautioned that the presence of alteration and mineralization on properties
adjacent to or in close proximity to the Company's properties is not necessarily indicative of alteration and mineralization on the Company's properties.
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Chipriona Overview
Chipriona 415 ha - 100% owned
1980s small scale, high-grade
production from 4 u/g levels
Polymetallic silver-dominant
mineralization
Mineralized zone >1,000 x 300m
Grab samples of altered intrusive
in NW yielded <3 g/t gold*
2009 surface sampling:
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<189 g/t Ag; 0.71 g/t Au - 19.9m
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100 g/t Ag; 0.40 g/t Au – 20m
2009 u/g sampling (-80m):
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<460 g/t Ag; 0.64 g/t Au – 20m
Drill targets identified – planning 10-12 holes to ±200m – drill permits in place
*All 2009 samples were prepped at Inspectorate de Mexico, S.A de C.V. and assayed at Inspectorate America Corporation in Sparks, Nevada
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Chipriona Area – Agnico Eagle
Agnico Eagle Mines:
2015 – Agnico acquired El Realito
from Alamos Gold for US$7M + 2%
NSR (may be reduced to 1% for
additional US$4M payment)*
Alamos had drilled 14 RC holes
over 400 m strike length
Chipriona:
Surrounded 270° by Agnico &
90° by Fresnillo
Adjacent to Agnico’s La India mine
(90,000 oz/yr Au)
15 km NW of Alamos Gold’s
Mulatos Mine (150,000 - 170,000
oz/yr Au)
*Agnico Eagle and Alamos Gold websites
**Alamos Gold website
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Chipriona Ridge – Drill Targets
View looking NE - 10-12 drill holes planned to test high grade structures and
grade/continuity of mineralization between high grade structures and to map/sample
additional targets.
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San Marcial Overview
Located within the Sonora-Mojave Megashear geologic structure
20 km E of Timmins Gold’s San Francisco mine, 100% ownership of 1,000 ha
Old mine workings from early 1900s at Soledad and San Marcial mines
Locally high-grade gold & silver mineralization, with broader lower-grade zones
of disseminated to stockwork forms of mineralization
Previous work during 1980s by Cominco & Barrick; in 1990s by Campbell Res.
& Queenstake – air track drilling showed near-surface mineralization
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San Marcial Exploration 2015-16
2015/16 Soil Sampling Program:
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643 soil samples collected*
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Values range up to 4,360 ppb Au
•
Ag values of up to 69.5 ppm, plus
anomalous values of zinc, antimony,
bismuth, tungsten, mercury, molybdenum
•
Values indicative of Intrusion Related
Gold (IRG) deposits
•
Gold mineralization hosted in Jurassic
sedimentary rocks and younger
porphyritic intrusive rocks
Future Plans:
•
Complete soil sampling program
•
Identify drill targets
View from site of old San Marcial mine
*All samples were prepped at Inspectorate-Acme labs in Hermosillo, Mexico and assayed at Acme Laboratories in Vancouver, Canada
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Los Pinos Summary
5 km W of Chipriona: 100% owned
Silver-lead-zinc mineralization first developed
by Peñoles in 1970s - 6 veins identified from
drilling and underground development
Mineralization - sulfide rich quartz veins with
widths 0.3-15m & vertical range from 50-100m
remaining open on most sections
Past producing mine - processed an est.
45,000 MT of mineralized rock (Ag, Pb, Zn)
8,000 – 10,000 MT of tailings remain
Historic estimate of 699,999 MT (non-NI 43-101 compliant) categorized as follows:
•
51,604 MT Measured with 125g Ag, 3.67% Pb, 4.32% Zn;
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204,523 MT Indicated & 443,872 MT Inferred, both with 125g Ag, 3.67% Pb, 4.32% Zn
Caution: This estimate for Los Pinos is an historic resource and the Company has not yet completed sufficient work to confirm a NI 43-101 compliant
resource. Therefore, the estimates cannot, and should not be relied upon.
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Investment Summary
People
•
•
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Mexico - Sonoro technical team based in Hermosillo with extensive exploration experience
Track record - Previous Sonoro team success in Mexico (Pediment Gold Corp. bought by
Argonaut Gold Corp. for $137 Million in 2011)
Alaska - Accomplished Northern Empire technical team operating Hilltop Gold project
Mineral Assets - Mexico
•
•
•
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Properties strategically located in established gold and silver districts
Chipriona - drill ready prospects between Agnico Eagle’s La India mine and Tarachi deposit
Los Pinos – past producing mine (Ag, Pb, Zn), located 5 km W of Chipriona
San Marcial – 20 km E of Timmins Gold’s San Francisco mine – surface exploration underway
Mineral Assets – Alaska
•
•
Option agreement with Northern Empire Resources Corp. to earn a 60% interest in the Hilltop
Gold project located in the Tintina gold belt in Alaska, 75 km from Sumitomo’s Pogo gold mine
Completed a successful exploration program at Hilltop in 2015
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SONORO METALS CORP.
789 West Pender Street, Suite 800
Vancouver, BC V6C 1H2
Tel: 604.632.1764 | Fax: 604.669.0384
[email protected] | www.sonorometals.com
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