Richardson draws exploration funds

Sonoro Metals Corp. March 11 said it has signed a letter of intent to enter into an option agreement to acquire a 60 percent interest in Northern Empire Resources Corp.'s 7,840-acre Hilltop Gold project located some 70 miles south of Fairbanks.

To exercise the option and earn a 60 percent interest in Hilltop, Sonoro must spend C$3 million on exploration activities to advance the exploration-stage...