Sonoro Metals Corp. said May 29 that it signed an option agreement to acquire the 20-hectare, gold-prospective Tres Amigos concession in Mexico from two local residents for US$130,000, to be paid in nine equal installments over 48 months.
The Tres Amigos concession is contiguous to the Cerro Caliche property, which Sonoro recently expanded through an option over the Rosario group of concessions. The new option deal further increases Sonoro's landholding in the area to 1,455 hectares.
Sonoro President and CEO Kenneth MacLeod said the company's exploration team is defining targets throughout the Cerro Caliche concessions for a reverse circulation drill program. The drill campaign is set to start in the second half and is designed to verify earlier data on the property and expand the scale of the previously reported gold resource.
