Sonoran Desert Copper Corporation Amended Cuatro Hermanos Transaction
Sonoran Desert Copper (TSXV: SDCU) has amended its option to purchase the Cuatro Hermanos Porphyry Copper Project in Sonora, Mexico. The amendment reduces payments and expenditures for 2025-2027, and terminates the San Lorenzo concession to reduce mine taxes. Key changes include:
- Total cash payments reduced from $5,862,500 to $5,662,500 USD
- Work expenditures for 2024-2027 reduced to minimum required by Mexican regulations
- Estimated savings of $238,566 in 2024 and $603,640 in 2025
The 4H Project contains a large porphyry copper-molybdenum system. Recent sampling in the South Conglomerate Zone yielded up to 16.25% copper, with 20 samples averaging 1.736% copper. The company plans to conduct percussion drilling in this high-grade area to establish an inferred resource at minimal cost.
Sonoran Desert Copper (TSXV: SDCU) ha modificato la sua opzione per l'acquisto del Cuatro Hermanos Porphyry Copper Project in Sonora, Messico. La modifica riduce i pagamenti e le spese per il periodo 2025-2027 e termina la concessione di San Lorenzo per ridurre le tasse minerarie. Le principali modifiche includono:
- Riduzione dei pagamenti in contante totali da 5.862.500 a 5.662.500 USD
- Le spese per lavori per il periodo 2024-2027 sono ridotte al minimo richiesto dalla normativa messicana
- Risparmi stimati di 238.566 USD nel 2024 e 603.640 USD nel 2025
Il Progetto 4H contiene un grande sistema di rame-molibdeno porfirico. Recenti campionamenti nella Zona Conglomerato Sud hanno mostrato fino al 16,25% di rame, con 20 campioni che mediavano l'1,736% di rame. L'azienda prevede di eseguire perforazioni a percussione in quest'area ad alta grade per stabilire una risorsa inferita a costo minimo.
Sonoran Desert Copper (TSXV: SDCU) ha modificado su opción para adquirir el Cuatro Hermanos Porphyry Copper Project en Sonora, México. La enmienda reduce los pagos y gastos para el período 2025-2027, y finaliza la concesión San Lorenzo para reducir los impuestos mineros. Los cambios clave incluyen:
- Reducción de los pagos en efectivo totales de 5,862,500 a 5,662,500 USD
- Los gastos de trabajo para 2024-2027 se reducen al mínimo requerido por las regulaciones mexicanas
- Ahorros estimados de 238,566 USD en 2024 y 603,640 USD en 2025
El Proyecto 4H contiene un gran sistema de cobre-molibdeno porfirítico. Muestreos recientes en la Zona Conglomerado Sur dieron hasta un 16.25% de cobre, con 20 muestras que promediaron un 1.736% de cobre. La empresa planea realizar perforaciones de percusión en esta área de alta ley para establecer un recurso inferido a bajo costo.
소노란 사막 구리 (TSXV: SDCU)는 멕시코 소노라의 Cuatro Hermanos Porphyry Copper Project 구매 옵션을 수정했습니다. 수정안은 2025-2027년의 지불 및 지출을 줄이고, 광산세를 줄이기 위해 산 로렌조 권한을 종료합니다. 주요 변경 사항은 다음과 같습니다:
- 총 현금 지불액이 5,862,500달러에서 5,662,500달러로 감소
- 2024-2027년 작업 지출이 멕시코 규정에서 요구하는 최소로 줄어듭니다
- 2024년 238,566달러, 2025년 603,640달러의 절감이 예상됩니다
4H 프로젝트는 대규모 포르피리 구리-몰리브덴 시스템을 포함하고 있습니다. 최근 남부 응집체 구역에서 최대 16.25%의 구리를 포함한 샘플링이 이루어졌으며, 20개의 샘플은 평균 1.736%의 구리를 보여주었습니다. 회사는 이 고품질 지역에서 최소 비용으로 추정 자원을 설정하기 위해 펄프 드릴링을 수행할 계획입니다.
Sonoran Desert Copper (TSXV: SDCU) a modifié son option d'achat du Cuatro Hermanos Porphyry Copper Project dans l'État de Sonora, au Mexique. L'amendement réduit les paiements et les dépenses pour les années 2025 à 2027 et met fin à la concession San Lorenzo afin de diminuer les taxes minières. Les principaux changements comprennent :
- Réduction des paiements en espèces totaux de 5 862 500 à 5 662 500 USD
- Les dépenses de travaux pour 2024-2027 sont réduites au minimum requis par la réglementation mexicaine
- Économies estimées de 238 566 USD en 2024 et 603 640 USD en 2025
Le projet 4H contient un grand système de cuivre-molybdène porphyrique. Des échantillons récents dans la zone des Conglomérats Sud ont révélé jusqu'à 16,25 % de cuivre, avec 20 échantillons affichant une moyenne de 1,736 % de cuivre. L'entreprise prévoit de réaliser des forages à percussion dans cette zone de haute teneur afin d'établir une ressource inférée à coût minime.
Sonoran Desert Copper (TSXV: SDCU) hat seine Option zum Erwerb des Cuatro Hermanos Porphyry Copper Project in Sonora, Mexiko, geändert. Die Änderung reduziert die Zahlungen und Ausgaben für 2025-2027 und beendet die San Lorenzo Konzession, um die Bergbau-Steuern zu senken. Wesentliche Änderungen umfassen:
- Gesamte Barzahlungen reduziert von 5.862.500 auf 5.662.500 USD
- Arbeitsausgaben für 2024-2027 werden auf das von den mexikanischen Vorschriften erforderliche Minimum reduziert
- Geschätzte Einsparungen von 238.566 USD im Jahr 2024 und 603.640 USD im Jahr 2025
Das 4H-Projekt enthält ein großes Porphyr-Kupfer-Molybdän-System. Die kürzlichen Probenahmen in der South Conglomerate Zone ergaben bis zu 16,25% Kupfer, bei 20 Proben, die durchschnittlich 1,736% Kupfer enthielten. Das Unternehmen plant, in diesem hochgradigen Bereich Perforationsbohrungen durchzuführen, um eine abgeleitete Ressource zu minimalen Kosten zu etablieren.
- Amendment reduces required cash payments by $200,000 USD
- Work expenditures for 2024-2027 reduced to minimum required, saving $238,566 in 2024 and $603,640 in 2025
- Recent sampling in South Conglomerate Zone yielded high-grade copper results, up to 16.25%
- 20 samples from South Conglomerate Zone averaged 1.736% copper
- Plans for low-cost percussion drilling to establish inferred resource in high-grade area
- Termination of San Lorenzo concession from the 4H Option
- Historical resource estimate not verified by a Qualified Person, may not be reliable
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Sonoran Desert Copper Corporation (TSXV: SDCU) ("SDCU'' or the "Company") is pleased to announce that the Company has signed an amendment (the "Amendment") to the option to purchase a 100-per-cent interest in the Cuatro Hermanos Porphyry Copper Project (the "4H Project"), located in Sonora, Mexico, 185 kilometres southeast of Hermosillo.
Under the Amendment, dated July 29th, 2024
- Original terms of the Option are detailed in the News Release dated February 9, 2023
- Payments reduced for years 2025 - 2027
- Expenditures reduced for years 2024 - 2027 to the amount required under Mexican regulations
- Mine Taxes reduced through the termination of the San Lorenzo concession from the 4H Option
Updated Transaction Details
To exercise the Purchase Option, SDCU will now make cash payments to Minerales Y Yacimientos Mexicanos Sacramento, S.A. DE C.V. and complete work expenditures and make Mine Tax payments for a
| Date | Old Payment | New Payment | Old Expenditures | New Expenditures |
| December 31 2023 | $ 50,000 | Paid | $ 100,000 | Completed |
| December 31 2024 | $ 150,000 | $ 150,000 | $ 250,000 | $ 66,019 |
| December 31 2025 | $ 200,000 | $ 150,000 | $ 500,000 | Minimum Required |
| December 31 2026 | $ 200,000 | $ 150,000 | $ 1,000,000 | Minimum Required |
| December 31 2027 | $ 200,000 | $ 150,000 | $ 1,000,000 | Minimum Required |
| December 31 2028 | $ 5,062,500 | $ 5,062,500 | $ - | Minimum Required |
| Totals | $ 5,862,500 | $ 5,662,500 | $ 2,850,000 |
| Date | Mine Tax | Status |
| December 31 2023 | $ 183,771 | Paid |
| December 31 2024 | $ 129,186 | Paid |
| December 31 2025 | $ 70,000 | Estimate |
As a result of the Amendments, SDCU will reduce its required USD capital expenditures in 2024 and 2025 on the 4H Project, as per the following:
| Savings in 2024 | |
| Savings in 2025 (projected) |
4H Project Overview
The 4H Project is located in Sonora, Mexico, and comprises 9 concessions and contains a large porphyry copper-molybdenum system with surface measurements of at least four kilometres east-west by two kilometres north-south. The Company released a recent NI 43-101 report on the 4H Project in October 2023 which comprised a review of historical work. Historical resources were last estimated in 2008:
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5386/219001_e999a830b449696f_001full.jpg
Primary sulphide mineralisation is chalcopyrite and molybdenite with secondary oxide chalcocite. **
Under the recent sampling program, the results of which were announced in a News Release dated January 11, 2024, grab samples were collected with a focus on the areas of the 4H Project that have received minimal historical attention. The results were highlighted with assays returning up to
South Conglomerate Zone Results - 20 samples collected
| SOUTH CONGLOMERATE | Cu (ppm) | Mo (ppm) | Ag (ppm) |
| Min | 102 | 1.68 | 0.21 |
| Max | 162,500 | 49.8 | 1.54 |
| Average | 17,363 | 22.1 | 0.9 |
| Std Deviation | 35,184 | 13.9 | 0.3 |
South Conglomerate Detailed Copper Assays
| Sample # | Cu (ppm) | Cu % |
| 1843843 | 10,950 | |
| 1843844 | 12,800 | |
| 1843845 | 102 | |
| 1843846 | 3,800 | |
| 1843848 | 4,640 | |
| 1843849 | 1,940 | |
| 1843850 | 2,090 | |
| 1843851 | 2,530 | |
| 1843852 | 11,550 | |
| 1843853 | 7,960 | |
| 4H015a | 15,700 | |
| 4H015b | 21,700 | |
| 4H015c | 10,900 | |
| 4H016 | 17,550 | |
| 4H017b | 3,160 | |
| 4H033 | 10,250 | |
| 4H034 | 35,900 | |
| 4H036 | 4,730 | |
| 4H037 | 162,500 | |
| 4H038 | 6,500 | |
| Average |
The South Conglomerate area is higher-grade, and the immediate development plan is to percussion drill this area to an inferred resource at minimal cost. This drilling along with permitting, metallurgy and acid-sourcing can be completed in the next 24 months. The soluble copper content in the North and South Conglomerates, in addition to the supergene zones contained in the 4H porphyry have the combined potential for a significant Heap Leach & SX-EW operation.
Cautionary Note
* The reader is cautioned that grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
** The resource estimate is historical in nature and has not been verified by a Qualified Person as defined by NI 43-101 and should not be relied upon as a current mineral resource estimate. The Company is not treating these historical estimates as current mineral resources or reserves. While the historical estimates are relevant for providing context on the potential of the property, further work, including verification by a Qualified Person, will be required to upgrade or confirm this estimate.
Qualified Person Statement
The technical contents of this release were approved by Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101.
References
(1) 09 August 2008. Technical Report, Cuatro Hermanos Porphyry Copper-Molybdenum Project Sonora, Mexico. Prepared for Virgin Metals Inc. (by Chlumsky, Armbrust and Meyer, LLC. Richard Nielsen, PhD. & Robert Sandefur, P.E.
ABOUT SONORAN DESERT COPPER CORPORATION
Sonoran Desert Copper Corporation is focused on securing, developing and monetizing materials assets and technologies to build shareholder value.
On behalf of the Board of Directors of
SONORAN DESERT COPPER CORPORATION
"Brian Leeners"
Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219001
FAQ
What changes were made to the Cuatro Hermanos Project option agreement by Sonoran Desert Copper ?
What were the results of recent sampling at the Cuatro Hermanos Project's South Conglomerate Zone?
What are Sonoran Desert Copper 's (TSXV: SDCU) plans for the South Conglomerate Zone of the Cuatro Hermanos Project?
How much does Sonoran Desert Copper expect to save in 2024 and 2025 due to the amended agreement for the Cuatro Hermanos Project?
