Sentinel Acquires Eight GOLD Exploration Concessions in New South Wales, Australia
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SENTINEL ACQUIRES EIGHT GOLD EXPLORATION CONCESSIONS
IN NEW SOUTH WALES, AUSTRALIA
Vancouver, British Columbia, October 6th, 2020 – Sentinel Resources Corp. (CSE: SNL)(US
OTC PINK: SNLRF) (“Sentinel” or the “Company ”) is pleased to announce that it has
acquired, by staking, eight, gold-focused exploration concessions totaling approximately 94,500
hectares (945 km2), located in New South Wales, Australia. The concessions are known as Star of
Hope, Golden Bar, Alliance Reef, Stanleys, Lady Mary, Waddery West, Wittagoona Reef and
Toolom South (collectively, the “Gold Projects”)(map link here).
Highlights of Acquisition:
• At least 198 historic gold mines and gold exploration prospects are present across the Gold
Projects. Historic production records indicate that gold grades were often multi-ounce (see
News South Wales Department of Planning, Industry and Environment).
• The licences are strategically located within the prolifically mineralized Lachlan and New
England orogenic terranes.
• Sentinel applied to the Manager of Minerals Titles, New South Wales Department of
Mining, Exploration and Geosciences for the concessions. The concessions will be 100%
owned with no royalties or back-in rights, upon completion of acquisition process. Sentinel
will be required to post a refundable performance bond of AU$10,000 per concession, and
spend exploration and associated expenses on each concession of AU$ 25,000 in Year One
and AU$50,000 in Year Two.
• Sentinel has engaged a highly experienced exploration team to commence a reconnaissance
work program on high-grade historic mines and showings in November 2020. The focus
is to identify high-grade drill ready targets.
Rob Gamley, President & CEO of Sentinel, states, “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 New England Orogenic Terrane
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The New England Orogen forms the basement throughout the northeast of New South Wales. It
developed along the eastern margin of Gondwana as a result of convergent margin tectonic
processes in the Paleozoic and early Mesozoic. The orogen was most likely island arc-related from
the Cambrian to the Middle Devonian, changing to a continental margin magmatic arc from the
Late Devonian onwards. Ophiolites — remnants of oc ean floor — crop out along the regional
Peel-Manning suture zone.
The presence of extensive alluvial gold fields and showings, coupled with the large number of
historic underground gold and silver mines, and a variety of tectonic terranes including Andean -
type continental arc, fore-arc, and accretionary wedge, indicates that the New England Orogen is
high prospective for the discovery of gold and silver deposits. The Peel -Manning ophiolite zone,
especially where altered to listwanite, is highly prospective for orogenic gold.
Five of the eight Gold Projects are located within the New England Orogenic terrane:
• Toolom South (ELA 6061): This concession is located in the historic Toolo m goldfield.
It covers an area of 165.5 km2 and includes over 60 historic gold mines and high-grade
gold showings. There are also potentially significant alluvial gold deposits.
• Alliance Reef (ELA 6057): Alliance Reef comprises 102.5 km 2 and is located in the
western portion of the New England orogenic belt. The license covers 12 strike kilometers
of the significantly gold mineralized regional Peel-Manning fault system. Mineralization
is of an orogenic or lode gold type — characterized by quartz veins which may host high
grade gold shoots. Orogenic systems typically have large vertical extent and mineralization
may extend 100’s to 1,000+ metres down-dip.
The Peel-Manning fault is a crustal scale structure that is strongly gold mineralized along
its 350 km strike length. It is significant that the fault system hosts ocean-floor mafic and
ultramafic rocks present as listwantite (quartz -carbonate) altered serpentinites. Deposits
such as the Californian Motherlode, Bralorne (British Columbia) and large high-grade gold
systems throughout the shield area of Saudi Arabia are all associated with listwanites.
Twenty-eight past producing gold mines and prospects have been identified within the
Alliance Reef concession. Historical production and prospecting records define a 1 km
wide, 7.5 km long gold trend. Historical hard-rock production grades of up to 15 g/t Au are
cited.
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The historic mines include the past producing Marquis of Lorne orogenic gold -antimony
mine, with over 500 m of historical underground workings. Historic drill hole intercepts
of up to 5 g/t Au over >5m are recorded, according to government sourced records.
• Wittagoona Reef (ELA 6067): The 150.7 km2 Wittagoona Reef concession covers part of
the Peel-Manning fault system and associated hanging -wall regional faults. Wittagoona
shares many similarities to the orogenic lo de gold and listwanite-hosted mineralization at
Alliance Reef. It straddles 12 km of the Peel -Manning fault and 15 km of the gold
mineralized Nomoi Fault.
NSW Government records indicate there are at least 11 historic gold mines and prospects
within the concession. Historical reports state that there are numerous adits of greater than
100 metres in length associated with a number of quartz-stockwork mullock heaps.
• Golden Bar (ELA 6060): This concession covers an area of 198 km2 and is located in the
eastern part of the New England orogen covering the majority of the historic Orara -
Coramba gold field. There are at least 50 historic underground mines and prospect s —
many noted for high gold grades.
Forty-seven of the mines and occurrences in the New South Wales Government database
are listed as structurally controlled, low sulphidation epithermal type. Historic production
records cite grades of up to 184 g/t Au. Occurrences are clustered along two east-west
trending mineralized corridors with a cumulative strike length of over 40 km.
• Star Of Hope (EAL 6068): A 28 km2 license located in the north-eastern part of the New
England Orogen. At least 12 historic hard-rock mines and high-grade showings are present.
Historic mines and occurrences are clustered in two zones of several kilometres strike
length and up to 1 km wide.
The Lachlan orogenic terrane
The Lachlan Orogen of New South Wales, Victoria and eastern Tasmania represents a marginal
mobile zone developed at the edge of the Australian Plate during the Ordovician and Early
Carboniferous Period. It comprises a series of prolifically mineralized accretionary terranes which
host a number of economically important mineralized deposits.
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In New South Wales these include world-class porphyry Cu-Au deposits and related skarn Cu-Au
and epithermal Au deposits; small to large epigenetic and hydrothermal Au and Pb -Zn-Cu
deposits; medium sized orogenic Au deposits and small to large VHMS style Pb -Zn-Ag-Au
deposits. Three of the eight Sentinel gold projects are located within the Lachlan Orogenic terrane:
• Stanleys (ELA 6062): This project spans 89.5 km2 across the east of the Lachlan orogenic
terrane and includes 17 historic gold mines and showings. Historic records cite production
grades of up to 185 g/t Au. The licen se occurs within the highly prospective Hill End
Trough and Macquarie Arc.
• Lady Mary (ELA 6064): This 92.7 km2 concession is located in the centre of the Lachlan
orogenic terrane. New South Wales Government records indicate that 15 historic hard-rock
mines and prospects are present — 12 gold and three silver.
Mineralization is associated with regional scale NE-SW trending faults. Gold is associated
with gossanous zones of between two to 10 metres wide, defined over a 7 km strike length.
The association of gold with silver, copper, lead and zinc, suggest s that mineralization is
of an orogenic VMS type.
• Warraderry West (ELA 6055): This concession encompasses 131.3 km2 and is located
within the Tabberabberan orogenic gold region of the Lachlan orogenic terrane. The
principal target on the property is a 15 km long gold mineralized dyke swarm. Limited
historic explora tion identified potentially Carlin-style mineralization to the NE of the
tenement, hosted in clastic sedimentary units of the Kirribilli Formation
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 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 prope rties in mining-
friendly jurisdictions with historical mining industries, low -cost of entry or acquisition, and easy
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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 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.