Sentinel Resources Corp. is pleased to release its 2020 Annual Shareholder Letter from the CEO sent to all shareholders. Dear Shareholders, As 2020 draws to a close, this seems to be an appropriate time to reflect on the accomplishments we have made to-date and comment on the path forward. Due to the work already completed by Sentinel’s distinguished and highly experienced technical team, it is my firm opinion that …

Sentinel Resources Corp. (CSE: SNL) (US OTCPINK: SNLRF) (“Sentinel” or the “Company “) is pleased to release its 2020 Annual Shareholder Letter from the CEO sent to all shareholders.

Dear Shareholders,

As 2020 draws to a close, this seems to be an appropriate time to reflect on the accomplishments we have made to-date and comment on the path forward.

Due to the work already completed by Sentinel’s distinguished and highly experienced technical team, it is my firm opinion that Sentinel represents a unique investment opportunity, particularly in the Australian gold and silver exploration space.

This last year has been filled with successful corporate initiatives, strategic property acquisitions, and carefully planned and executed exploration programs. Australia is a premier mining jurisdiction and the Company has successfully put together one of the largest land positions in New South Wales – quite a unique position for a junior of our size to be in. The acquisition of 8 gold and 7 silver projects within the prolifically mineralized Lachlan and New England Orogenic belts provides the Company with a robust exploration portfolio on which to build. The vast historical data set and numerous high-grade historic gold and silver mines and exploration prospects provide a very real opportunity for discovery and development of potentially world-class deposits.

2020 Highlights:

  • Addition of an experienced exploration and development team in Dr. Peter Pollard , Danny Marcos and Dr. Chris Wilson . Collectively, 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.
  • Acquired, by staking, eight, gold-focused exploration concessions totalling approximately 94,500 hectares in New South Wales, Australia . At least 198 historic gold mines and gold exploration prospects are present across the tenements. Historic production records indicate that gold grades were often multi-ounce (see News South Wales Department of Planning, Industry and Environment).
  • Acquired, by staking, seven, silver-focused exploration concessions totaling approximately 38,600 hectares in New South Wales, Australia . At least 23 historic silver and 3 historic gold mines and exploration prospects are present across the tenements. Historic production records indicate that silver grades were generally high-grade and exceeded 1 kg/t Ag in some instances (see News South Wales Department of Planning, Industry and Environment).
  • Entered option agreement to acquire up to a 100% interest in the historic Waterloo silver-gold property, totalling 3,130 hectares near Vernon, British Columbia . The Company reported significant results from its 2020 confirmation sampling program, assaying up to 7,470 g/t silver and 39 g/t gold in selected grab samples. The property has not been systematically drill tested and numerous untested targets are defined.
  • Acquired the 2,700 hectare Salama Gold Project in western Peru , consisting of four gold focused mining concessions situated within the prolific gold-polymetallic Miocene skarn and porphyry belt. First pass mapping and sampling underway.

Technical Progress – Target Generation A Priority

There is an old saying that “the best place to look for gold is in the shadow of a head frame”. To-date, technical work has been low-cost activities – office-based compilation, processing, and interpretation activities of data from historic gold and silver mines and showings that has resulted in some significant advances in knowledge on all of the Company’s properties. Of primary importance has been the prioritization of projects and ranking of drill targets which will allow us the opportunity to be able to deploy capital very efficiently and effectively to drill test refined targets.

2021 Outlook

With this newly re-interpreted information, the team has narrowed down areas of prime interest and within those areas generated and refined specific targets ready for drill testing in 2021, subject to measured and appropriate funding. Over the next year, management will be focused on maximizing shareholder value through executing carefully planned exploration programs on our Australian projects. Additionally, consistent with our corporate strategy, the Company will continue to look for opportunities to acquire high impact precious metals assets with low entry cost and district scale potential.

As CEO of Sentinel Resources Corp., I want to thank you for your continued support of the Company and its gold and silver discovery program. We have a large, highly prospective, significantly de-risked property portfolio in a good jurisdiction and solid management and technical expertise in place to advance these projects. 2021 will be a busy and I believe exciting year for our company!

Please visit www.sentinelexp.com to sign up to receive press releases and corporate updates directly to your inbox and to view the Company’s latest corporate presentation and project pages.

Sentinel Resources Corp.
“Rob Gamley”
President and Chief Executive Officer

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 high-grade gold and silver orogenic projects in New South Wales, Australia as well as the Salama Gold Project, Peru. Sentinel Resources also has interests in 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. For more information, please go to the Company’s website at www.sentinelexp.com .

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Sentinel cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Sentinel’s control. Such factors include, among other things: risks and uncertainties relating to Sentinel’s limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on its mineral properties, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Sentinel undertakes no obligation to publicly update or revise forward-looking information.

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: http://www.newswire.ca/en/releases/archive/December2020/21/c2884.html

News Provided by Canada Newswire via QuoteMedia

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.

Company Overview

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.

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.

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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