Sentinel Resources Acquires Salama GOLD Project, PERU
T - 604.689.7422 F - 604.689.7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
SENTINEL RESOURCES ACQUIRES SALAMA GOLD PROJECT, PERU
Vancouver, British Columbia, October 2nd, 2020 – Sentinel Resources Corp . ( CSE:
SNL)(US OTC PINK: 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.
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 significa nt 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 e xploration 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 administra tive
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.
T - 604.689.7422 F - 604.689.7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
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 mineraliz ation
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.
T - 604.689.7422 F - 604.689.7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
About Sentinel Resources
Sentinel Resources is a Canadian -based exploration compan y 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 guidin g 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
Corporate Inquiries:
Rob Gamley, President & CEO
Company Website: www.sentinelexp.com
Phone: 604-689-7422
Email: [email protected]
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 gu arantees 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 uncertaintie s 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.