2018-10-23
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SONORA GOLD CORP. Is Looking for Cooperators from China.
  SONORA GOLD CORP. is looking for cooperators from China.
Source:Foreign Economic Cooperation (http://fec2.mofcom.gov.cn) Reedited by CITCC

XECUTIVE SUMMARY
Sonora Gold Corporation (TSX: SGG), is a junior base and precious metals exploration company, based in Vancouver, British Columbia, focused on 27 claims with a 6,541 hectare area, 40 kilometers East of the town of Magdelena de Kino, in the state of Sonora, Mexico. The company boasts an experienced and committed management team, led by Dave McMillan, President and CEO, Robert Sibthorpe, Vice President Exploration, Hardy Forzley, CFO, J. Frank Callaghan, Director, and Craig Robson, Director.
Sonora’s exploration in Mexico is currently focused on two distinct zones, the Santa Gertrudis and the San Enrique zones. The Santa Gertrudis zone is a past producing open pit gold mine, which produced some 600,000 ounces of gold in the 1990s. The mine ceased production when the price of gold dropped to a US $274 oz/gold range, and the profit margin on the operation was deemed uneconomic. Sonora Gold has since drilled a 2000m shallow percussion hole program to outline gold resource tonnages and as stated in the National Instruments 43-101 technical report, has determined that there are approximately 74,000 ounces of gold near surface, including high grade gold intervals. Sonora
has since been assessing a feasibility report on the prospects of resuming production in this claim zone.
The Second principle zone in the Mexican property claim group is the San Enrique area, located approximately 6.5 kilometers south of the Santa Gertrudis Mine area. The potential significance of the San Enrique project was initially highlighted by regional soil geochemistry which revealed an approximately 4 kilometer diameter, roughly circular geochemical anomaly defined by highly elevated Gold, Silver, Copper, Molybdenum and Zinc. In the Fall of 2004, Sonora Gold undertook 1650 meters of shallow NQ core drilling in 16 holes in this area. Hole #0405 encountered two interesting intervals, one measuring 16.4 meters with 0.053 Cu and 0.068 Mo, and the other measuring 11.8 meters with 0.078 Mo. Hole #0406 encountered mineralization over its entire 99.7 meters, including averages of 0.047% Cu and 0.018% Mo. The hole also encountered intervals of 9.4 and 13.3 meters grading 0.045% Mo and a 5.2 meter interval grading 0.049% Mo. Hole #05-15 returned 27.6 meters grading 0.148% Mo, 0.308% Cu and 6.7gpt Ag. Within this interval 5.3 meters graded 0.454% Mo, 0.92% Cu and 31.3gpt Ag.
The strong results of the several drill holes on the San Enrique zone attracted the attention of Teck Cominco Ltd (TSX: TEK), a major natural resource mining and exploration company based in Vancouver, British Columbia. Sonora Gold signed a joint venture agreement with Teck Cominco in the fall of 2005 to further explore this area. The agreement grants Teck Cominco’s wholly owned Mexican Subsidiary, Minera Teck Cominco SA de CV (TCM) the option to earn a 60% working interest in the San Enrique property by incurring an aggregate of US $3,000,000 in expenditures in the next 48 months, starting July 1, 2005. TCM is responsible for all property upkeep costs, including taxes and surface access costs. The agreement also provides the option for TCM, on 90 days notice, to earn an additional 10% interest by expending a further US $2,500,000, in the ensuing 24 months, thereby earning an aggregate 70% interest in the property with Sonora Gold retaining a 30% interest. TMC is the operator of the exploration program in the San Enrique zone on behalf of the joint venture.
As of December 2005, TCM has commenced an initial 2000 meter deep drill program designed to test the magnetic high with coincident copper, molybdenum, and gold is soils and anomalous copper and molybdenum defined by Sonora Gold in previous trenching and shallow drilling. Reports from the field have confirmed the first drill hole reached a depth of 377.28 meters and the second reached a depth of 292 meters. Both holes encountered altered sedimentary rock and felsic intrusive, indicative of mineralization. The Joint Venture is now awaiting assay results, which will be reported when available.
Sonora Gold Corporation is one of several companies operating within the United Resource Group, located at 620 - 800 West Pender St, Vancouver, British Columbia, Canada. The group consists of mining, exploration, public market, and financial management experienced individuals, each contributing in various ways to each of the companies and projects in the office. The United Resource Group currently boasts some 17 different projects, totaling in excess of 400,000 hectares throughout British Columbia, Canada, with a focus on exploration for precious and base metals, including platinum, palladium, gold, copper, molybdenum and nickel among others. For more information on the United Resource Group, please visit the company’s website (www.urg.ca). For more information on Sonora Gold, please visit the company’s website (www.sonoragold.ca) or www.sedar.com for the company’s financial documents.
For more information, please contact:
DAVE MCMILLAN (President and CEO) Email:dave@urg.ca

Sonora Gold Corp. Tel: 604.685.5851 Free: 1.877.685.5851
Add:620 - 800 West Pender Street Toll
Vancouver, British Columbia
V6C 2V6

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