Sonora Resources to Commence Valuation of Extensive Surface Ore Deposit Prospective for Silver at Corazon Property, Mexico
The phase one study is intended to incorporate a study of several significant surface deposits made up of old mine dump materials. Of note, the dump at the Corazon claim group has been estimated at 30,000 tons of ore on surface. Initial sampling of the deposit has conservatively indicated the potential at Corazon for an average grade of 150 g/ton silver and 0.5 g/ton gold which will require relatively minimal effort to recover.
The objectives of the study will be to identify, measure and grade the silver quality of the Ayones project dumps. Metallurgical testing will aid in determining recovery values and methods for extraction and processing of the in situ gold and silver. Most importantly, the study will provide project economics for the commercial production of the asset in keeping with regulatory compliance as applied to reserve valuation.
Commercial production of the surface asset is expected to rapidly spur the company's growth and ability to undertake additional efforts at the project. The Corazon area was explored by Grupo Mexico in 1980 and again in 1988, which identified, mapped and sampled a stockwork type of deposit in an old small open pit nearby which showed an average of 104 g/ton silver with samples of high grade silver assayed as high as 300 to 450 g/ton with 0.5 g/ton gold. Additionally, diamond drill samples produced grades of over 195 g/ton silver and 0.5 g/t gold. The depths of the cuts were contiguous with a historically productive level of the La Mazata mine which is known to extend more than 130 meters into the Corazon claims.
Overall, the property is presenting the potential to contain considerable silver and gold mineralization based on early stage trend data showing extensive, multiple silver/gold epithermal vein systems extending from the centrally located La Mazata mine into the surrounding Corazon claim group.
Sonora Resources is pleased to begin this important step toward the eventual commercial realization of the project and has begun a proactive information program outlining its plans for the region through the implementation of transparent open-door and "good neighbor" policies in order to support the interests of the local populace and administration.
Additional details regarding the Company, its business and agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About Sonora Resources Corp. (OTCBB: SURE)
The Company is focused on the acquisition and exploration of international silver and gold mining properties located in regions that enjoy stable politics, sound economies and friendly business environments. Additional information about the Company may be found at www.sonoraresources.com.
Notice Regarding Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that the company believes that geographic scope of mining concessions makes for encouraging gold and silver potential for the project; that the property is interpreted to be within a porphyry system; and that Mexico is stable and business friendly. Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not locate or agree to terms with potential partners, we may not be able to acquire equipment or labor as needed; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Nearby mineral resources is no indication of resources on our property. In addition, Mexico may undergo political or social change which would create additional geopolitical risks. Readers should refer to the risk disclosures outlined in the periodic reports filed by other junior mineral exploration companies with the Securities and Exchange Commission.
For additional information contact:
Investor Relations
Oceanview IR Services, Inc.
Tel. 1-877-513-7873 (SURE)
Email: info@sonoraresources.com
www.sonoraresources.com