Sentinel Commences Work Program at Waterloo Silver-Gold Property

Sentinel Resources Corp. is pleased to announce it has begun work at the newly acquired Waterloo silver-gold property, located near Vernon, British Columbia. “The Company is pleased to have been able to immediately deploy an exploration team to the newly acquired Waterloo project and start this first work program,” said Rob Gamley, President & CEO of Sentinel. “Selected previously reported historical grab …

Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) (“Sentinel” or the “Company”) is pleased to announce it has begun work at the newly acquired Waterloo silver-gold property, located near Vernon, British Columbia.

“The Company is pleased to have been able to immediately deploy an exploration team to the newly acquired Waterloo project and start this first work program,” said Rob Gamley, President & CEO of Sentinel. “Selected previously reported historical grab samples have returned very robust silver-gold sampling results from three separate areas on the project, including:

Waterloo Silver area:

2,790 g/t Silver and 25.4 g/t Gold, 3,095 g/t Silver and 45.0 g/t Gold

Forge East:

1,507 g/t Silver and 2.80 g/t Gold, 3,085 g/t Silver and 3.80 g/t Gold

AU Showing:

794 g/t Silver and 45.70 g/t Gold

We are now seeking to confirm and hopefully expand upon that success. The data we collect from this program will give us a better understanding of the geological footprint and will allow us to design and plan the next phase of exploration with the aim of identifying multiple targets to be drill tested. We look forward to receiving the initial results from the program.”

Chief Geologist and Sentinel Qualified Person, Greg Bronson, commented from the field, “At this point I am pleased to report the presence of favorable mineralization in those areas I visited and am looking forward to continuing confirmation sampling on the property and assessing the prospectivity of as many underexplored or as yet unexplored areas of the Waterloo project as possible.”

Waterloo Project, BC
The Waterloo Property consists of 3,130 Ha located in the historic Lightning Peak silver and gold camp in the Vernon Mining District. The property is host to numerous high-grade silver and gold showings exposed over an area of 3.5 by 0.7 kilometers. Central to the property is the historic Waterloo Mine that has seen sporadic production of high-grade silver with gold since 1903, resulting in numerous shipments of ore to the Trail, BC smelter in 1954, 1967 and 1983. The Waterloo Mine is centered on a structurally controlled easterly striking zone (Waterloo structure) of high grade silver, lead and zinc mineralization associated with quartz and carbonate vein material. This zone is apparently mineralized along its mined length (550 meters in the #4 adit) including numerous higher grade sections. Previous operators on the property speculate that this structure extends below thick cover, with a total strike length of up to 2 kilometers. The structure has never been systematically drill tested over its proposed length or at depth. Gold dominant showings (e.g., the AU showing located 550 meters north of Waterloo Mine) are hosted in north trending sulphide and quartz veins with associated iron carbonate wallrock alteration.

About Sentinel Resources
Sentinel Resources is a Canadian-based exploration company focused on the acquisition and exploration of gold and silver projects with world-class potential. Its current portfolio includes the Waterloo, Pass, and Little Bear projects in British Columbia. The Company’s guiding principles are based on acquiring strategic exploration properties in mining-friendly jurisdictions with historical mining industries, low-cost of entry or acquisition, and easy access to infrastructure to minimize capital and operational costs in explorational periods.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Greg Bronson, P.Geo, a director of the Company and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Greg Bronson, P. Geo., a Qualified Person as defined by NI 43-101, has reviewed and approved the contents of this news release.

Sentinel Resources Corp.

“Rob Gamley”
President and Chief Executive Officer

Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Sentinel Resources Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2020/15/c9886.html

Corporate Inquiries: Rob Gamley, President & CEO, Company Website: www.sentinelexp.com, Email: info@sentinelexp.comCopyright CNW Group 2020

News Provided by Canada Newswire via QuoteMedia

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District-scale potential in world-class jurisdictions

This Sentinel Resources profile is part of a paid investor education campaign.*

Overview

Sentinel Resources (CSE: SNL,OTC:SNLRF) is a Canadian exploration company targeting high-quality precious metals through the strategic acquisition of resource-rich properties located within world-class mining jurisdictions. The company's projects are currently in Australia, Peru and Canada. Each project benefits significantly from low-cost of entry or acquisition and easy access to infrastructure, minimizing capital and operational costs during explorational periods.

The company's flagship projects, located in New South Wales (NSW), Australia, have district-scale potential. NSW lies on the east coast of Australia and has been established as a prospective state for gold exploration and production since the 1850s. Between 2015 and 2016, NSW produced over 37 tonnes of gold, valued at AU$1.9 billion. Sentinel's property package in NSW includes 94,500 hectares and eight gold projects. At least 198 historic gold mines and gold exploration prospects are present across the NSW property package. Historic production records indicate that gold grades were often multi-ounce.

Sentinel has also acquired, through staking, seven silver-focused exploration concessions totaling 38,600 hectares in NSW. Sentinel's property package includes at least 23 historic silver and three historic gold mines and exploration prospects. Historic production records indicate high-grade silver production that exceeded 1 kg/t. Sentinel's technical team is currently reviewing historic data in order to fast-track reconnaissance follow-up and definition of high-grade, drill-ready targets.

Rob Gamley, president and CEO of Sentinel, commented, “The acquisition of eight strategically located gold projects within the prolifically mineralized Lachlan and New England orogenic belts provides the company with an extremely solid exploration portfolio on which to build. To acquire such a commanding land package, with numerous high-grade historic gold mines and showings, is a remarkable achievement given the large numbers of companies that are now focusing their acquisition and exploration activities in New South Wales. Our highly experienced team continues to review precious metal opportunities worldwide." The company's NSW property package is 100 percent owned with no NSRs, back-in rights, future cash payments or royalties.

Sentinel recently appointed a seasoned technical team with a proven track record of success in exploration. Gamley stated, “We are delighted to announce the appointment of such an experienced exploration and development team, which has over 90 combined years of experience in over 80 countries, across almost all commodities and deposits types, from grass roots through to resource definition and advanced project development. The technical team has significant public market experience and understands the importance of economically focused, results-driven exploration."

The company's property portfolio also includes the Salama project in Peru and the Waterloo project in British Columbia. The Waterloo property can be found 65 km east of Kelowna, near the historic Lightning Peak, a high-grade gold and silver mining camp. Several high-grade drill targets have been identified on-site. While the area has received attention historically, the Waterloo property has never been systematically drilled — Sentinel intends to capitalize on the significant potential for low-cost, high-grade gold and silver development.

The company's Salama project consists of four gold-focused exploration concessions totaling 2,700 hectares located in the Anta province of Peru. The project is situated within the prolific gold-polymetallic Miocene skarn and porphyry belt. More than 20 million ounces of gold has been produced within a 45 km radius of the Salama concessions from established mines such as the Lagunas Norte, La Virgen, La Arena and others.

Sentinel Resources' Company Highlights

  • Projects are located in mining-friendly jurisdictions: Australia, Peru and Canada.
  • The eight gold projects and seven silver projects in NSW, Australia, are 100 percent owned.
  • The NSW projects have no NSRs, future cash payments, back-in rights or royalties.
  • The technical team has a proven track record of success in exploration and development.
  • The Waterloo project is located near the historic Lightning Peak, a high-grade gold and silver mining camp.
  • The Salama project is located within the prolific gold-polymetallic Miocene skarn and porphyry belt in the Anta province of Peru. The surrounding region has produced more than 20 Moz of gold.

Sentinel Resources' Key Projects

New South Wales Project (Australia)

Sentinel's current NSW portfolio includes high-grade gold and silver orogenic projects. The portfolio consists of eight gold-focused concessions (Star of Hope, Golden Bar, Alliance Reef, Stanleys, Lady Mary, Waddery West, Wittagoona Reef and Toolom South) and seven silver-focused concessions (Wallah Wallah, Stony Creek, Carrington, Dartmoor, Glens Skarn, Broken Hill West and Goongong). At least 198 historic gold mines and 23 historic silver mines and exploration prospects are present across the entire NSW property package. Historic production records indicate that gold grades were often multi-ounce and that silver grades were generally high-grade and exceeded 1 kg/t Ag in some instances.

Mineralization

Five of Sentinel's eight NSW gold projects are located within the New England orogenic terrane, which hosts an extensive network of alluvial gold fields and, historically, has attracted a significant number of underground gold and silver mines. For instance, Toolom South, one of Sentinel's NSW gold projects, covers 165.5 square kilometers that includes over 60 historic gold mines and high-grade gold showings. Another project, Alliance Reef, traces 12 kilometers of the significantly mineralized Peel-Manning fault system. The Golden Bar covers nearly 200 square kilometers of the historic Orara-Coramba gold field.

Three projects are located within the Lachlan orogenic terrane of New South Wales, Victoria and eastern Tasmania. The Lachlan terrane is similarly prolific when it comes to economically significant mineralization of precious metals. The Stanleys property encompasses 90 square kilometers, and the land has hosted 17 historic gold mines and high-grade showings. Historic records cite production grades of up to 185 g/t gold. The Lady Mary property indicates 15 historic hard-rock mines and prospects. The primary target on the Warraderry West property is a 15 km gold-mineralized dyke swarm.

Six of Sentinel's seven NSW silver projects are located within the Lachlan Orogenic terrane, which comprises a series of well-mineralized accretionary terranes formed during the Ordovician and Early Carboniferous Period, making the exploration potential for silver excellent. For example, the Wallah Wallah covers 99 square kilometers, including 6 historic high-grade silver mines. Historic records indicate several thousand tonnes of material was processed at grades of 950 g/t Ag and 30 percent Pb.

Stoney Creek, another project, is an 81 square kilometer license hosting 7 high-grade historic silver and gold mines and showings. Carrington contains a number of historic mines and workings within gold-silver mineralized gossanous lodes; historic rock chip grab samples of this material assayed up to 85 g/t Au, 6037 g/t Ag, 24.85 Pb and 16.75 percent Sb. In the Curnamona Province, the Broken Hill West project is located 2.5 kilometers west of the Broken Hill mine complex and shares the same geological setting and structure.

Next Steps

The evaluation of all 198 historic mines and prospects in phase one is almost complete. Selection of the top 50 percent ranked targets will be prioritized for phase two and the remaining 50 percent will be considered for joint venture or subsequent development. Phase two of exploration involves geological mapping to estimate maximum depths, strike continuity and other critical details. A combination underground and surface regolith sampling will verify historical sampling grades and extend mineralised surface footprints. Data from phase two will inform geochemical surface sampling and geophysical surveys in phase three, which will focus on identifying robust drill-ready targets.

Salama Project (Peru)

The Salama property totals 2,700 hectares in the Anta province of Peru. The property is situated within the prolific gold-polymetallic Miocene skarn and porphyry belt, one of several metallogenic belts that run parallel to Peru's coast and have hosted the country's most significant deposits. Preliminary reviews reveal an extensive network of quartz veins with localized silicified breccias, which have been the focus of high-grade historic gold mining in the area. Historic production at the nearby La Virgen gold mine totaled 12 Koz gold per annum.

Map of Salama Gold Project in Peru

Waterloo Project (BC, Canada)

The Waterloo property covers 3,130 hectares in Kelowna, a mining-friendly jurisdiction located within British Columbia. Historically, the property has hosted a number of high-grade gold and silver operations since the early 1990s. High-grade prospects define a 4 kilometer strike from east to west, underscoring the potential for high-quality resource development that benefits from existing infrastructure.

Sentinel Resources' Management Team

Rob Gamley—President, CEO and Director

Rob Gamley's career spans over 10 years in corporate finance and consulting, providing corporate strategy and communications services to public companies across a broad range of industries including natural resource exploration and development. He has been a board member of several TSXV-listed companies and brings extensive capital markets experience and a considerable network of both retail and institutional contacts. Gamley graduated in 1998 with a Bachelor of Science from the University of British Columbia.

Dr. Peter Pollard—Director and Chief Geologist

Dr. Peter Pollard brings more than 30 years of global research and mineral exploration consulting experience. He is a recognized expert in intrusion-related mineralized systems including copper-gold porphyry (e.g. Grasberg, Escondida Norte, Oyu Tolgoi, Ok Tedi, SarCheshmeh district), tin-tungsten-molybdenum-bismuth-gold (e.g. Herberton, Zaaiplaats, Timbarra, Mongolia), iron-oxide copper-gold-uranium (e.g. Olympic Dam, Carajas, Cloncurry, Chile, Mexico, Mauritania) and gold-silver systems (low-sulphidation, high-sulphidation, mesothermal).

Pollard has presented short courses on ore deposit geology to the industry for more than 25 years. He has been a regular speaker at major conferences and has significant experience presenting to analysts, shareholders and board members. He is a qualified person (NI43-101 and JORC) with strong technical and scientific writing skills. Pollard has been engaged as a reviewer of papers for international journals and has authored, or co-authored, over 70 peer-reviewed scientific publications. Pollard has held a number of board positions in public and private companies.

Danny Marcos—Exploration Manager

Danny is a field-orientated exploration geologist with over 30 years of experience. This included responsibility for the review and prioritisation of precious and base metals projects for both major and junior companies — including the design and management of field mapping and geochemical programs, data compilation/review and target generation. He has a strong focus on delivering results including completion of large drill programs from regional (greenfields) to advanced/resource stage. Marcos has specialist experience with porphyry Cu-Au systems; low, intermediate and high sulphidation Au-Ag epithermal deposits; orogenic Au; and base-metal and nickel mineralization. He was a key member of the WMC technical team that discovered the Tampakan Cu-Au deposit in the Philippines — a resource of 15 Mt Cu and 17.6 Moz Au.

Marcos has proven ability managing multidisciplinary and multi-cultural, high talent teams under diverse cultural and physiographic regimes, having spent considerable time exploring in Australia and Asia-Pacific. Marcos has a strong understanding of deposit models and key controls on mineralization, allowing for robust drill targeting of high priority targets. He has a strong economic focus and is experienced in identifying business development for potential growth opportunities.

Dr. Chris Wilson—Senior Advisor

Dr. Chris Wilson is a commercially driven and innovative exploration geologist with over 30 years of global experience in area selection and prospect generation, target generation and the design and management of large resource definition drilling and pre-feasibility programs. He has worked in over 75 countries, on most commodities and deposit styles. Wilson has extensive project review and target generation experience, with the ability to integrate complex multi-disciplinary datasets and rapidly identify and test high value targets. A strong deposit model knowledge ensures key controls on mineralization are placed within the wider context of a project's geological, structural and hydrothermal evolution. Most recently Wilson has been involved in global project valuation and fatal flaw analysis for high net-worth investors.

Wilson is a Qualified Person for JORC and NI 43-10 compliant reporting and valuation. He has worked for Ivanhoe Mines for 10 years as an exploration manager. At Mongolia, he was responsible for an exploration portfolio of over 11 million hectares. He has extensive public market and public company experience including board of director positions.

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Gold isn't all that glitters in the land down under — silver in Australia is a major industry, and the country is home to both large and small players.

When it comes to precious metals, Australia has long punched above its weight — the nation was born riding the wave of a gold rush.

Gold isn't all that glitters through — Australia is also a major global producer of silver. It's among the 10 top producers, and was ranked seventh in 2020, with 1,300 tonnes coming from the many operational mines in the country. By comparison, the world's top producer, Mexico, produced 6,300 tonnes that same year.

Other key players in the silver market are Peru, China and Russia, which produce more silver than Australia, and the US, Argentina and Bolivia, which produce less.


Australia is sitting on quite a lot of the precious metal, with the world's second largest reserves, behind only Peru.

According to Geoscience Australia, one of the country's first mines was a silver-lead mine near Adelaide. Since then, the entire continent has been combed over with a fine-toothed comb, with deposits identified in every state and territory and active mines in every jurisdiction but one (Victoria).

Overall, Australia is well explored when it comes to silver, and since the mid-1800s it's had a constant stream of silver production. Aside from that, the country boasts metals-processing facilities in South Australia that separate the precious metal from its commonly mined counterpart metals, lead and zinc.

Silver companies in Australia

Those looking at the Australian silver market have options. There are plenty of big players with interests in Australian silver, and many smaller players for investors to consider researching too.

Most silver comes from mines dedicated to other metals — Glencore's (LSE:GLEN,OTC Pink:GLCNF) Mount Isa in Queensland produces mainly copper, zinc and lead, but silver is separated by the company's integrated processing streams. Glencore also operates the McArthur mine in the Northern Territory, which is primarily zinc, but between its copper and zinc assets, Glencore produced 7,404,000 ounces of silver in Australia in 2020 — over 200 tonnes.

Elsewhere, BHP (ASX:BHP,NYSE:BHP,LSE:BLT) produces a lot of silver as well at the Olympic Dam operation in South Australia. Perhaps best known for the production of uranium and copper, it also yields significant silver resources to the tune of 984,000 ounces in 2020 (or almost 28 tonnes).

According to Geoscience Australia data from 2016, over 20 mines in Australia produced silver in that year, while there are dozens of other resources identified in each state.

A primary producer of silver is the Cannington mine in Queensland, where South32 (ASX:S32,OTC Pink:SHTLF), a company that was spun off from BHP in 2015, mines silver and lead. Cannington is a big one, producing 11,792,000 ounces in 2020, or 334 tonnes of silver.

Tasmania boasts the Rosebery mine, which has seen 85 years of continuous operations and is currently owned by MMG (ASX:MMG,HKEX:1208). Rosebery, like all the others here, is polymetallic, and besides silver also produces copper, zinc, lead and gold. MMG also has the Dugald River mine in Queensland which also produced silver.

Getting into smaller companies, there are those like New Century Resources (ASX:NCZ) which restarted the Century mine in the Northern Territory for zinc and silver.

The future of silver in Australia

So, you get the picture — there's a lot of silver to be mined in Australia by way of mining everything else.

It's worth noting that because silver operates both as a precious and an industrial metal, and is mined most often alongside base metals, it can be pulled in many directions. However, it traditionally follows (and lags behind) its precious metal sibling, gold, making it a valuable investment commodity to keep an eye on.

Looking forward, the future of the commodity in the land down under — especially given Australia's significant reserves and operator diversity — is as bright as you'd like it, and depends on what investors are most interested in, given the by-product nature of the metal.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Australia took a stand against Facebook and Google earlier this year, and the move could have long-term implications for tech investors.

It was a ban that sent Australians wild and had the whole world watching.

Back in February, Facebook (NASDAQ:FB) stopped users in Australia from posting news in a week-long blackout, reacting to proposed legislation that would have forced the social media behemoth to pay publishers for content.

What prompted Facebook to "friend" Australia again, and what are the potential long-term implications of the squabble? Read on to learn what tech-focused investors in Australia should know about the situation.


Australia squares off against Facebook

On February 25 of this year, Australia's federal government passed the News Media and Digital Platforms Mandatory Bargaining Code. It was developed after extensive analysis by the Australian Competition and Consumer Commission, and is aimed at ensuring that news media businesses are fairly remunerated for their content.

It stipulates that digital platforms such as Facebook and Google (both named in the documentation) must pay news outlets whose content they feature — for example, if content is shared on Facebook or shows up in Google search results. The idea is that this will help to sustain journalism in Australia.

Unsurprisingly, Facebook and Google didn't react well to the code, which was first introduced in 2020.

Google didn't make any moves after it passed, but Facebook quickly made it impossible for Australian users to share news content, and pages for both local and international news organisations went blank — a major concern given the COVID-19 and wildfire concerns that were circulating at the time.

Australian Prime Minister Scott Morrison was scathing about Facebook's decision — which he ironically shared in a Facebook post — declaring the tech giant's actions "as arrogant as they were disappointing." He added, "These actions will only confirm the concerns that an increasing number of countries are expressing about the behaviour of BigTech companies who think they are bigger than governments and that the rules should not apply to them."

Despite strong feelings from both Australia and Facebook, the dispute was resolved fairly quickly, with the country agreeing to make four amendments to the legislation and Facebook restoring Australian's access to news.

Implications for Big Tech and news organisations

Both Australia and Facebook have claimed victory in the dispute, with a Facebook representative saying the company will be able to decide if news appears on the platform — meaning it won't automatically have to negotiate with any news businesses. Changes were also made to the arbitration process.

Tech experts have pointed out that larger news companies may ultimately benefit from the changes, but smaller ones could be pushed to the side. Major publishers that have struck agreements with tech giants, such as News Corp, Nine Entertainment (ASX:NEC,OTC Pink:NNMTF), Seven West Media (ASX:SWM) and Guardian Australia, may be able to increase their market share while smaller independent players lose out.

A business that is in full support of the laws is Microsoft (NASDAQ:MSFT). During the conflict, President Brad Smith came out loudly in favour of Australia's law, and advised that his company is willing to step up with search engine Bing should Google and/or Facebook pull out of the Australian market.

"In Australia, Prime Minister Scott Morrison has pushed forward with legislation two years in the making to redress the competitive imbalance between the tech sector and an independent press. The ideas are straightforward. Dominant tech properties like Facebook and Google will need to invest in transparency, including by explaining how they display news content," he said in a blog post.

"The United States should not object to a creative Australian proposal that strengthens democracy by requiring tech companies to support a free press. It should copy it instead."

Global reach and tech investor impact

Six months down the road from Australia's landmark legislation, it's tough to say what the long-term impact may be.

That said, market watchers do believe the country is part of a new precedent of forcing Big Tech into paying for journalism — something giants Facebook and Google are not used to.

Countries looking to pursue similar legislation include Canada, where Facebook agreed in May to pay 14 publishers to link to their articles on its COVID-19 and climate science pages, as well as other unspecified use cases. Canada is pursuing other avenues too. Meanwhile, in France, Google said it will pay publishers for news content after the country took up new EU copyright laws that make digital platforms liable for infringements.

For investors, the takeaway is perhaps that while companies like Facebook and Google may seem too big too fail, they too can fall subject to new regulations that can change how they do business. As nations around the world look to take back control from these mega companies, it's important to be aware of possible effects on their bottom lines.

Don't forget to follow @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article.

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