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PRZOOM - /newswire/ -
Winston-Salem, NC, United States, 2011/09/26 - SmallCapReview, A leading site for news and information on small caps, penny stocks and microcaps is adding Sonora Resources (SURE) to its list of stocks "On the Radar" - SmallCapReview.com.
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Sonora Resources (SURE) is a mining exploration company focused on the development of prospective Silver opportunities in the Country of Mexico. Mexico is the world's 2nd largest silver producer after Peru and produced more than 80,120, 000 troy ounces in 2000, about 15% of the total world production.
Company President & CEO Juan Miguel Rios Gutierrez is a seasoned mining professional who resides in Mexico. In 2000, Juan Miguel was the 4th person hired by First Majestic Silver Corporation and helped build that company from a junior mining exploration company on the TSXV to a major global silver producer (7.5m oz Ag in 2011). He left FMSC to begin working with Sonora yet maintains strong contacts with them.
Sonora owns interests in the Los Amoles property covering 1,630 hectares located in Sonora State, Mexico; and the Jalisco group of claims comprising 6 prospects covering a total area of 5,240 hectares located in the Jalisco state of Mexico.
SURE Investor Highlights
In January of 2011, the Company announced the appointment of Juan Miguel Rios Gutierrez, as President & CEO. In 2004, he was the fourth person hired by First Majestic Silver Corporation ("FMSC") of Durango, Mexico where he helped to build that company from a junior mining exploration company on the TSXV to a major global silver producer (7.5m oz Ag in 2011).
In April, Sonora entered into a joint venture agreement with First Majestic under an option agreement for up to 90% of the 5,240 hectare Jalisco Group of Properties which offers extraordinarily detailed historic data with strong indicators for intensive future commercial activity. This acquisition was added to a portfolio that already included the 3,590 hectare Los Amoles property in the state of Sonora.
Los Amoles has produced significant samples of gold and silver and benefits from analogous regional geology and widespread exploratory efforts as defined by the prevalence of surrounding operations owned and operated by major producers Grupo Mexico and Industrias Peñoles, world leaders in silver production and two of the largest Mexican producers of gold, zinc, lead and copper.
Announced the recent acquisition of the Ayones Property made up of several claims encompassing the historically productive La Mazata multi-level underground silver mine, and the surrounding 47.8 hectare Ayones claims under an option exploration agreement for up 100% of the mineral rights from Industrial Minera Mexico S.A. de C.V., a subsidiary of Grupo Mexico.
Most recently, the Company dramatically improved its position through the acquisition of the adjoining privately-owned 721 hectare Corazon claims which encircles Ayones, thereby creating direct access to a number of notable veins which trend outward from the central Mazata mine area and which have never been explored at depth.
At both the Ayones/Corazon and Los Amoles properties, the Company has acquired ready access to valuable above ground reserves in the form of tailings from historic mine workings. These deposits encompass a significant quantity of historic dump material which appears to contain consistent commercial grade mineralization offering a winning combination of easy access, low start up production costs and rapid earnings opportunities.
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