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The company recently announced the filing of a Preliminary Economic Assessment (PEA) for the Cerro Caliche Project in Mexico, and Long explains that unlike the conventional journey from a PEA to a PFS, followed by a DFS, Sonoro is swiftly advancing from the PEA straight to production.This exceptional move he attributes to the low estimated capital expenditure ($15.5mln) for building the oxide project, and says the strategic decision aims at getting swiftly into production and creating a self-financing mechanism for its regional exploration.Although a relatively small operation, this venture is forecasted to yield around 33,000 ounces of gold equivalent over a nine-year span, translating to roughly $60 million in revenue and an annual operating cash flow of $17 million.
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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.