Sentinel Resources Corp. is pleased to announce that its exploration team of Dr. Peter Pollard director and Chief Geologist of Sentinel, and Dr. Christopher Wilson senior advisor to Sentinel, has provided its initial review of Sentinel’s highly prospective eight, gold-focused exploration licenses located in New South Wales, Australia . The exploration licenses are known as Star of Hope, Golden Bar Alliance Reef, …

Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) (“Sentinel” or the “Company “) is pleased to announce that its exploration team of Dr. Peter Pollard director and Chief Geologist of Sentinel, and Dr. Christopher Wilson senior advisor to Sentinel, has provided its initial review of Sentinel’s highly prospective eight, gold-focused exploration licenses located in New South Wales, Australia . The exploration licenses are known as Star of Hope, Golden Bar Alliance Reef, Stanleys, Lady Mary Waddery West, Wittagoona Reef and Toolom South (collectively, the ” Gold Projects “)(Figure 1).

A first pass review of available historic data for the Gold Projects indicates that Alliance Reef and Wittagoona Reef on the Peel-Manning fault system, and Toolom South in the Mount Carrington gold camp, host extremely robust exploration targets. The licenses are located within the New England Orogenic Terrane.

Golden Bar , also within the New England Orogenic Terrane, and Stanleys in the Lachlan Fold Belt, also host significantly gold endowed, high priority targets. Review of other licences is ongoing.

Highlights:

Alliance Reef (ELA 6057)

  • Located on the 350 km long Peel-Manning Fault — a crustal-scale fault zone that hosts variably quartz-carbonate altered serpentinites (otherwise known as listwanites).
  • A 102 km 2 licences hosting 28 historic gold mines with reported production grades of up to 15 g/t Au.
  • Along strike, and immediately adjacent to the historic Nundle alluvial gold field that produced more than 225,000 ounces of gold.
  • Includes the historic Marquis of Lorne gold mine with a cited historic resource estimate of 336,000 tonnes at 4.75 g/t Au for 51,000 ounces of gold. The historical resource estimate was set out in a report on the Marquis of Lorne Nundle Project prepared in November 1990 . The historical resource estimate does not use the categories, such as mineral reserves or mineral resources, set forth in CIM. Although the Company is currently reviewing the reliability of the resource estimate, the Company believes it is relevant as it represents a key exploration target at Alliance Reefs. To upgrade the historical resource estimate, the Company will be required to carry out drilling on the Marquis of Lorne gold mine. The qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserves. The Company is not treating the historical estimate as current mineral resources or mineral reserves.
  • Analogous deposits include the Californian Motherlode, Bralorne in British Columbia , and large high-grade gold deposits in the shield area of Saudi Arabia .
  • Unlike quartz-dominant orogenic deposits (such as the Abitibi, West Africa and Western Australia ) which are characterized by obvious quartz vein targets, listwanite-hosted systems are often subtle and under-explored.
  • The Peel-Manning system is noted for extensive, historic alluvial deposits, indicating that listwanites are gold mineralized.

Toolom South (ELA 6061)

  • Located within the historic Toolom alluvial goldfield with reported production of more than 1 million ounces of gold.
  • Over 60 historic gold mines — some with reported multi-ounce grades.
  • The Phoenix deposit is situated approximately 5 km NW of the concession, classified as an intrusion related gold rich breccia pipe, highlight intercepts from initial drilling include 48 m @ 2.21 g/t Au.

Golden Bar (ELA 6061)

  • A 198 km2 licence with at least 50 historic gold mines and showings, most likely of a low-sulphidation type.
  • Historic mines and showings define two structural corridors with a cumulative strike length of over 20 km. Historic production grades regularly above 50 g/t Au.

Stanleys (ELA 6062)

  • A 90 km 2 licence located within a prolific gold camp comprising deposits such as Commonwealth, Copper Hill (1 Moz Au ), Hill End (0.7 Moz Au ), Cadia (43 Moz Au ) and McPillamys (2 Moz Au ). Readers should note that mineralization contained on these projects is not necessarily indicative of mineralization contained at Stanleys.
  • At least 17 historic small-scale gold mines and prospects with cited historic production grades of up to 185 g/t Au.

Proposed Work Program:

  • Sentinel is planning an aggressive field program initially focused on the 4 highest priority targets outlined above.
  • Field work will concentrate on rapid reconnaissance mapping and geochemical sampling of historic workings and showings, in order to ground truth the tenor and styles of mineralization present.
  • Review of regional geophysical and topographic datasets is ongoing, which in conjunction with the results of first pass field mapping, will allow deposit models and key controls on mineralization to be developed, and high value drill targets to be identified.
  • Review of the remaining gold licences — Wittagoona Reef, Star of Hope, Lady Mary and Waddaderry West — is ongoing. Sentinel will announce results of this study shortly.

Rob Gamley , CEO of Sentinel, commented, “In a short period of time, our seasoned exploration team has completed a review and analysis of our highly prospective gold projects in New South Wales. Our focus will now be to immediately carry out exploration work on the Peel-Manning fault system due to the potential for listwanite hosted gold. We are excited with the potential of these two exploration licenses.”

Qualified Person

Christopher Wilson , Ph.D., FAusIMM (CP), FSEG, a Qualified Person, has reviewed and approved the scientific and technical information contained in this news release. The historical information on the exploration licenses was obtained from the New South Wales Department of Planning, Industry and Environment.

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 .

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

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.

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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