Sendero Resources Annouces Trading Debut, Provides Exploration Update
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SENDERO RESOURCES ANNOUCES TRADING DEBUT, PROVIDES EXPLORATION UPDATE
Vancouver, British Columbia – (October 4th, 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 TSX -V: SEND. Sendero is pleased to provide both an overview of the newly
listed company and an exploration update.
Sendero Resources key highlights:
• The Peñas Negras project is located in the prolific Vicuña District, surrounded by world-class super
giant discoveries owned by Filo Mining, Lundin Mining, and NGEx Minerals . The project is 100%
owned, district-scale project with excellent access and logistics; synergies with adjacent projects.
• Three drill-ready copper-gold porphyry targets: La Peña, Cerro Verde South, & Tamberías.
• Outstanding in-country technical team with vast experience in the Andes, led by Hernan Vera,
former VP of Barrick Argentina Porphyry, an d Andean Expert David Royle as Chief Technical
Advisor.
• Extensive historic work including 12.7km of drilling including 30m of 1.84 g/t AuEq and 106m of
0.66 g/t AuEq.
• Fully funded to drill with $5.9M CAD cash (RTO raise completed April 2023) and 65M shares
outstanding, 33% being owned by insiders.
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.”
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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 Tamber ías - with drilling scheduled to start at
these targets in January 2024 (Figure 1).
Figure 1. Peñas Negras Project Targets and Vicuna Belt Deposits
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:
1. Host Rocks: Miocene volcanics and porphyry intrusions, conglomerates and Permo -Triassic
basement rocks.
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2. Structure: NE, N-S and NW primary control on structures. Structures in the area have focused the
ascent of magmatic bodies and the emplacement of hydrothermal alteration and mineralization
systems.
3. Alterations: large hydrothermal alteration zones of silica, quartz -alunite and sericite-clay. Zoned
alteration from potassium to propylitic.
4. Mineralisation: composite telescoped porphyry-epithermal deposits and the presence of A -type
and B-type quartz veinlets.
5. Geochemistry: soil and rock geochemistry define mineralisation with coincident anomalous Au -
Cu-Mo.
6. Geophysics: magnetic surveys help to define structures and intrusive bodies while IP chargeability
may play a role as a sulphide distribution mapping tool.
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.
Table 1. Peñas Negras Priority Exploration Targets
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Figure 2. Peñas Negras Exploration Target Areas on Digital Terrain Model (DTM) image
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 Pe ña 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.
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La Peña is ranked as the best priority drill target in the portfolio due to:
a) the remarkable coincidence and intensity of all the favorable geological, geochemical an d
geophysical features typical of Andean Cu-Au porphyry deposits and
b) the apparent optimum level of erosion exposing the mineralized system just above the
interpreted high-grade Cu-Au zone.
Figure 3. La Peña Target: Geology and Copper Geochemistry
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:
1. Cerro Verde South ( CSV1) Target: Extensive porphyry related alteration coincides with a major
magnetite-quartz stockwork zone. In the same area highly anomalous Cu-Au-Mo with a peripheral
Zn-Pb-Cd halo was defined by in ionic leach and talus fines geochemistry. These favourable
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features also coincide with a magnetic high that may indicate an intrusive body at depth. The
target has not been previously drilled.
2. Tamberías: The main central porphyry target, located in NNE structural corridor, comprises an
outcropping diorite porphyry with clas sic porphyry style quartz -magnetite veining. Pervasive
hydrothermal alteration is zoned from a potassic core overprinted chlorite -epidote ± actinolite.
The area shows anomalous Cu-Au-Mo geochemistry in Ionic Leach soils and peripheral Zn -Cd-Pb
on the weste rn side of the target . A magnetic high anomaly coincides with the central copper -
gold anomaly and quartz vein stockwork zone with a moderate IP chargeability anomaly extending
to the north and partially surrounds the magnetic anomaly. Approximately 500m to the north of
the main porphyry target is a zone of intermediate sulfidation epithermal veins with highly
anomalous Au, Ag, As and Te. Tamberías represents a valid untested drill target and has all the
hallmarks of a high-level, telescoped Cu-Au porphyry system.
Figure 4. Cerro Verde South and Tamberias Targets with Alteration Zones
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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:
1. Detailed ground magnetic and selected IP surveys at La Peña, Cerro Verde South and Tamberías.
2. Trenching to expose geology at Cerro Verde South and Tamberías.
3. Ionic leach sampling at Cerro Verde South (CVS3), Cerro Verde North and La Ollita.
4. 4,500m of Diamond drilling is planned at La Peña, Cerro Verde South (CVS1) and Tamberías.
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 Pe ñas Negras Project can be found in the Company’s technical
report entitled “NI 43 -101 Technical Report on the Pe ñas 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: [email protected]
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 le gislation. 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 limitati on, statements regarding the trading of the Company’s s hares 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,
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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 mate rially 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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