sentinel

Sentinel Commences Field Investigation of Gold and Silver Projects in New South Wales, Australia

Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) (“Sentinel” or the “Company “) announces that all of its exploration licenses in New South Wales, Australia have now been granted. The Company has commenced contacting landholders in high priority areas in order to negotiate the access agreements required prior to conducting field visits on private property. As previously announced, the Company has identified four priority areas for initial inspection: Carrington, Hill End South, Golden Bar, and Toolom South.

Carrington – Silver Project

At the Carrington property (EL 9127), interpretation of previous soil sampling results by Sentinel geologists has defined two high priority gold-bismuth-antimony anomalies along a zone of historic workings. These may be upgraded to drill targets after field confirmation. Initial contact has been made with the landholders to discuss access arrangements.

Hill End South – Gold Project

The Hill End South property (EL 9125) lies along the southern extension of the Hill End Anticline which hosts quartz vein mineralization of the Hill End Goldfield where approximately 50 tons of gold have been produced from hard-rock and alluvial sources. Once land access arrangements have been completed the focus will be on assessing the likelihood that the mapped anticline hosts saddle reef-style gold mineralization similar to that at Hill End and at Ballarat and Bendigo in Victoria .

Golden Bar – Gold Project

The exploration team of Dr. Peter Pollard , Chief Geologist and Mr. Danny Marcos , Exploration Manager has completed field inspection of historic gold workings within the Golden Bar exploration license (EL 9079) which occur within Wild Cattle Creek State Forest. Historic reports of wide zones of mineralization at the Bobo King and Black Bull mines were the prime focus of investigation. However, these could not be substantiated on the ground and in both cases gold mineralization occurs in narrow zones of quartz veining. Samples of quartz vein material collected from the mine dumps at Bobo King, Black Bull and nearby unnamed workings returned very low gold grades. The potential of the property has been significantly downgraded by the field inspection and assay data.

Toolom South – Gold Project

Toolom South (EL 9080) ranked slightly lower than the other properties during the Company’s internal review and Sentinel has decided to defer work on this license for the time being.

Sentinel CEO Rob Gamley commented, “Peter and his team have done a great job, bringing their deep experience to the portfolio analysis and project work-up program we initiated two months ago. Significant resources have been committed to this process and while we are disappointed that the historically reported mineral values cannot be replicated, we believe that additional work is warranted in a number of areas. We will continue the assessment work and ideally develop drill targets shortly.”

Qualified Person

Peter Pollard , Ph.D., MAusIMM (CP), a Qualified Person, has reviewed and approved the scientific and technical information contained in this news release.

About Sentinel Resources

Sentinel Resources is a Canadian-based exploration company focused on the acquisition and exploration of precious metals projects with world-class potential.  Its current portfolio includes gold and silver projects located in New South Wales, Australia , Peru and 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.

Cision View original content: https://www.newswire.ca/en/releases/archive/May2021/07/c0748.html

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Sentinel Resources Announces DTC Eligibility and Private Placement Financing of $1,000,000

Sentinel Resources Corp. (CSE: SNL) (OTC-PINK: SNLRF) ("Sentinel" or the "Company ") is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States . DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible". DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States .

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Sentinel Resources Acquires Salama Gold Project, Peru

Sentinel Resources Corp. (CSE: SNL) (US OTCPINK: SNLRF) ("Sentinel" or the "Company ") is pleased to announce that it has acquired the Salama Gold Project, consisting of four gold focused mining concessions totaling approximately 2,700 hectares, located in western Peru .

Sentinel's Salama Gold Project situated within Peru's prolific gold-polymetallic Miocene skarn and porphyry belt (CNW Group/Sentinel Resources Corp.)

Highlights of Acquisition:

  • Potential for high and low sulfidation epithermal gold mineralization and breccia pipe stock-work style gold-silver deposits.
  • Situated within the prolific gold-polymetallic Miocene skarn and porphyry belt — one of several coast-parallel metallogenic belts that host the larger and more significant deposits of Peru ( map link here ). This includes Lagunas Norte Gold Mine, Rasario De Belen Gold Mine , La Arena Gold Mine and La Virgen Mine, that together host over 20 Moz gold within a 45 km radius of the Salama Concessions.
  • Highly experienced national and expatriate exploration team capable of carrying out exploration work on Salama Gold Project immediately.
  • First reconnaissance visit planned for the week of 14 th October 2020 . First pass mapping and sampling will concentrate on areas of alteration hosting quartz veins and silicified breccias. Previous work by artisanal and small-scale miners provides additional vectors to areas of higher-grade mineralization.

Rob Gamley , President & CEO of Sentinel states, "The acquisition of four prospective gold concessions in this historical gold-silver producing region in Peru shows the ability of our exploration team to identify and acquire key gold assets notwithstanding current administrative challenges in Peru . With the skill and local knowledge of our in-country team, we are well placed to quickly build a robust portfolio of gold focused assets in this region of Peru ."

About Salama Gold Project

The Salama Gold Project consists of four gold focused exploration concessions totaling 2,700 hectares in the Anta province of Peru . Preliminary review indicates extensive areas of quartz veins with localized silicified breccias, that have been the focus of historic production by artisanal and small-scale miners. These miners targeted high grade areas where oxidation of bedrock resulted in formation of free gold amenable to gravity recovery.

Preliminary review of regional satellite imagery indicates that two major structures intersect in the northeast of the concession, in a similar geological setting to La Virgin gold mine 20 km to the north. Historic production at La Virgin was reported as 120,000 oz Au/annum.

Sentinel's field team will initially comprise three in-country geologists, allowing for rapid first pass reconnaissance and rock-chip grab sampling. The field team has robust project review and target generation experience, especially with respect to Peruvian low and high sulphidation epithermal deposits, such as Lagunas Norte, La Arena and Rosario De Belen . This will allow mineralization at Salama to be placed within the wider context of an epithermal deposits geological, structural and hydrothermal evolution, and thus allow key controls on mineralization and high value targets to be rapidly established. Sentinel will submit samples to ALS Lima for preparation and analysis.

Terms of Transaction

Sentinel entered into an assignment agreement (the "Assignment Agreement") with a third party (the "Assignor") whereby it assumed all of the right, title and interest in and to a purchase agreement (the "Purchase Agreement") with the holders of the Salama Gold Project.

Under the terms of the various agreements, Sentinel acquired a 100% interest in the Salama Gold Project, royalty free, and, in consideration of which, Sentinel paid US $35,000 and issued a total of 2,100,000 common shares. The shares issued are subject to restrictions on resale for a period of four months from the date of issued.

Stock Option Grant

Sentinel has also granted options to purchase 250,000 shares of Sentinel to its directors, officers and consultants. The options are exercisable at $0.67 per share for a period of five years from the date of grant.

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.

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 and the Salama Gold Project in Peru . 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 many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Sentinel's limited operating history, its proposed exploration and development activities on is mineral properties 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 does not undertake 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.

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  • Offer unanimously recommended by Board and Special Committee of O3 Mining and supported by shareholders representing 22% of outstanding shares of O3 Mining

(All amounts expressed in Canadian dollars unless otherwise noted)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (" Agnico Eagle ") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (" O3 Mining ") are pleased to jointly announce that they have entered into a definitive support agreement (the " Definitive Agreement "), pursuant to which Agnico Eagle has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of O3 Mining (the " Common Shares ") at $1.67 per Common Share in cash by way of a take-over bid (the " Offer "). The Offer is valued at approximately $204 million on a fully diluted in-the-money basis.

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  • Mining to commence at the Junkyard Stockpile, a focus of recent work programs

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