Vancouver, British Columbia, April 9th, 2020 – Sentinel Resources Corp. (CSE: SNL) (“Sentinel” or the “Company”) is pleased to provide shareholders with an introductory update on Company affairs and plans going forward.
Sentinel President & CEO, Rob Gamley, commented, “I am very pleased to have completed our initial public offering, particularly considering the challenging times we are all facing. I am working closely with our technical and advisory team, led by my fellow director and Company Qualified Person Greg Bronson, to finalize our 2020 work program plan for the Pass Property, located near Castlegar, B.C. This work program is designed to follow up on the 2018 program completed by the Optionee. We look forward to completing a field work program over the course of summer-fall 2020 and expanding the Company’s project base should the right opportunities arise.”
The work carried out to date on the Pass Property has clearly indicated the presence of significant gold mineralization. The main target zone on the Pass Property, the Granite Creek Skarn, is a zone of magnetite skarn hosting copper-gold mineralization. Analyses of rock samples collected by the mineral exploration consulting geologist and now Company Qualified Person, Greg Bronson, in 2017 from the tailings pile adjacent to the Granite Creek Adit assayed at 9.2 g/t Au, 50g/t Ag and 4.51% Cu. In 2019, verification rock grab samples collected from the adit wall and dump pile returned between 0.44 and 0.74 g/t Au, with concomitant silver (0 –3 g/t Ag), and 0.082-0.272 % Cu.
Sentinel has completed the second property payment, including the issuance of 50,000 common shares in the capital of the Company, to the Optionee as a condition of closing its public offering and the Company is in discussions with the Optionee regarding a potential acquisition of an additional mineral exploration property and a potential cost saving renegotiation of the underlying Option Agreement.
Greg Bronson, P. Geo., a Qualified Person as defined by NI 43-101, has reviewed and approved the contents of this news release.
For more information regarding the Company please contact Rob Gamley, corporate communications, at 604-689-7422.
President and Chief Executive Officer
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. The Company 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 the Company’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, the Company 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.