VANCOUVER, BC / ACCESSWIRE / October 4, 2023 / Sendero Resources Corp. (TSX:SEND) ("Sendero" or the "Company") is excited to announce that the Company commences trading today on the TSX Venture Exchange under the symbol TSXV:SEND. Sendero is pleased to provide both an overview of the newly listed company and an exploration update.
Sendero Resources key highlights:
Sendero Executive Chairman, Michael Wood, commented:
"We are delighted to announce Sendero Resources' listing for trading on the TSX Venture Exchange, marking a pivotal milestone in our journey.
Sendero's Flagship property Peñas Negras is located in the Vicuña District, one of the hottest exploration districts in the world, which is home to Filo Del Sol, Josemaria and Los Helados. Peñas Negras exhibits similar geological characteristics to the major deposits in the district and we are very excited about advancing the property over the coming years.
Investors can expect consistent news flow over the coming months as we lead up to drilling at Peñas Negras starting in January 2024."
2023 Exploration
Exploration activities to date have enabled the Company to complete an integrated exploration targeting study for the Company's Peñas Negras Project, located in the highly prospective Vicuña Belt (Figure 1). The key outcome of this study is the initial ranking and prioritization of the exploration targets across the Peñas Negras Project. Three priority drill-ready porphyry copper-gold targets have been selected for initial drilling, these targets are La Peña, Cerro Verde South and Tamberías - with drilling scheduled to start at these targets in January 2024 (Figure 1).
Background
Sendero is embarking on a modern, rigorous, and comprehensive exploration program across the 120 km² Peñas Negras Project. This is the first time this land package has been consolidated under one company. The Company has recently completed an integrated targeting study based on key ingredients for significant porphyry copper-gold and associated epithermal gold-silver deposits. Many of the key geological, geochemical, and geophysical features seen at other deposits in the Vicuña Belt, such as Filo del Sol and Josemaria deposits are replicated in the Peñas Negras exploration target areas.
Primary targeting criteria for the identification of this specific geological environment are:
All available geological, geochemical, and geophysical data using the extensive project database was used to compile a matrix which identified and prioritized multiple exploration targets across the Peñas Negras Project (Figure 2 and Table 1). Of these, 3 targets are categorized as priority and are drill-ready: La Peña, Cerro Verde South (CVS1) and Tamberías.
La Peña
Results of the 2023 program including geological mapping, talus fines and rock sampling have highlighted the prospectivity of the La Peña target (Figure 2). In the center of the area, a Miocene diorite porphyry, exposed on a prominent hill, cuts Permo-Triassic basement granite and Oligocene-Miocene volcanics. The structural setting shares similarities to Filo del Sol and Josemaria deposits with the porphyry body confined to a north-south structural corridor with cross-cutting NW and EW faults (Figure 3).
Well zoned hydrothermal alteration is present with a potassic (K-feldspar-biotite) core grading outwards to a green rock (chlorite-epidote) halo coinciding with the exposed diorite porphyry (Figure 3). Classic porphyry quartz-magnetite vein stockworks (>10%) coincide with the potassic alteration zone. This is accompanied by disseminated pyrite and chalcopyrite with minor copper oxides and carbonates. The presence of sulphides at depth is supported by a strong historical IP changeability anomaly.
Another very positive feature of La Peña is a strong Cu-Au-Mo geochemical anomaly (measuring 1.2 x 0.5Km) in soils and rocks that coincide with a bull's eye magnetic high.
La Peña is ranked as the best priority drill target in the portfolio due to:
Cerro Verde South
In the Cerro Verde South area is a cluster of porphyry and epithermal targets focused within and around a prominent circular structure filled with Miocene andesitic volcanics and intruded by dacite, andesite and micro diorite porphyry (Figure 4). These targets have similar characteristics to other deposits in the Vicuña Belt.
Recent ionic leach soil geochemical results have highlighted two high priority standout drill-ready targets:
Other Target Areas
The targeting study has also confirmed the prospectivity of other target areas including porphyry Cu-Au potential at La Ollita, Cerro Verde North, CVS2 and CVS3. In addition, epithermal Au-Ag potential exists at La Ollita, Tamberias North and Ritzuko.
Exploration - Next Steps
Several programs are in progress or planned:
About Sendero Resources Corp.
The Company is focused on copper-gold exploration at its 100% owned Peñas Negras Project in the Vicuña Belt in Argentina. The Peñas Negras Project has similar geological characteristics to other deposits in the Vicuña Belt and a cluster of porphyry and epithermal targets have been identified on the project. The Company, through its wholly owned subsidiary, Barton SAS, is the holder of ten mining concessions covering 120 km2 in the province of La Rioja, Argentina. The Company has an experienced management and exploration team who will use their expertise and operational knowledge to advance the multiple targets across the project.
Additional information in respect of the Peñas Negras Project can be found in the Company's technical report entitled "NI 43-101 Technical Report on the Peñas Negras Copper-Gold Project in La Rioja, Argentina", which has been filed on SEDAR+ (www.sedarplus.ca).
Click here to open the 2023 Ionic Leaching, Talus Fine, and Rock chip samples not in the NI 43-101.
Further Information
For further information, please contact:
Sendero Resources Corp.
Michael Wood, Executive Chairman
Email: michael@senderoresources.com
Forward-Looking information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Forward-looking information herein includes, without limitation, statements regarding the trading of the Company's shares on the TSXV, and the development of the Property and prospects thereof. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the delay or failure to receive shareholder, director or regulatory approvals; and actual results of exploration at the Peñas Negras Project which may differ from anticipated results. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Qualified Person
David Royle (FAusIMM (CP)) supervised the preparation of and approved the scientific and technical information pertaining to Peñas Negras Project contained in this presentation. David Royle is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
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SOURCE: Sendero Resources Corp.