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Sonoro Gold to raise C$11M for drilling at Cerro Caliche gold project in Mexico

Company Fundamentals
07 Apr 2026
Proactive Investors
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Bullish
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Sonoro Gold Corp plans to raise C$11 million through a fully committed private placement to fund a 50,000-metre drilling program at its Cerro Caliche gold project in Sonora, Mexico. The drilling will focus on infill and expansion zones to support future mining operations. Proceeds will also back development plans for an open-pit, heap leach mine with a projected 10-year life and capacity of 16,000 tonnes per day. The offering includes units with shares and warrants, expected to close by April 30, strengthening the company's balance sheet and advancing the project toward production.

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