Bulked-up technical team at Sentinel Resources acquires gold project in Peru

2020.10.02

Sentinel Resources (CSE:SNL, US OTC PINK:SNLRF) has already acquired a silver-gold project with significant upside potential, in the historic Waterloo high-grade silver-gold property.

News this week makes clear they are laying the groundwork for something far more substantial.

Joining an already aggressive capital markets and development team are recognized industry veterans Dr. Peter Pollard (Chief Geologist), Danny Marcos (Exploration Manager) and Chris Wilson (Senior Advisor).

A junior resource deal is only as good as the management and technical team behind it. Now the worldwide hunt for world-class precious metals projects is on. The new team is already bearing fruit with a robust, large-scale acquisition in a highly productive region of Peru.    

The retail-focused company seeks to expand their shareholder base to a wide and engaged retail base so that small investors can be part of the company’s future.

Rob Gamley, Sentinel’s President & CEO, must have laid out a corporate plan impressive enough to sign a team of this caliber.

Peter Pollard is a regular speaker at major conferences and has presented short courses on ore deposit geology for more than 25 years. A 43-101- and JORC-compliant Qualified Person (QP), Dr. Pollard is a skilled communicator capable of breaking down and presenting complex technical material to analysts, shareholders and board members.

Danny Marcos was a key member of the WMC technical team that discovered the massive Tampakan deposit in the Philippines – 15 million tonnes of copper and 17.6 million ounces of gold. With over 30 years of field experience, he is a results-driven geologist with proven ability to effectively manage all aspects of international projects ranging from early stage (greenfields) to advanced/resource stage.

Chris Wilson was an Exploration Manager for Ivanhoe Mines Mongolia, responsible for an 11 million hectare portfolio. He is a 43-101- and JORC-compliant QP, bringing over 30 years of “international area selection and prospect generation, target generation, and the design and management of large resource definition drilling and pre-feasibility programs.”

Salama gold project 

Sentinel’s acquisition of the Salama gold project in western Peru was announced on Friday. The project consists of four mining concessions totaling about 2,700 hectares. 

Under the terms of the various agreements, Sentinel acquired a 100% interest in the project, royalty free, in consideration of which Sentinel paid US$35,000 and issued 2.1 million shares. 

Salama is located within the prolific gold-polymetallic Miocene skarn and porphyry belt — one of several metallogenic belts parallel to the coast, that host a number of large deposits in Peru. They include Lagunas, Nortem Rasario, De Belen, La Arena and La Virgen gold mines, which together host over 20 million ounces of gold within a 45-km radius of the Salama concessions.

According to Sentinel, there is potential for high- and low-sulfidation epithermal gold mineralization, and breccia pipe stockwork-style gold-silver deposits. 

“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 administrative challenges in Peru,” says CEO Rob Gamley. “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.”

Extensive areas of quartz veins with localized silicified breccias 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 the formation of free gold amenable to gravity recovery.

Preliminary review of regional satellite imagery indicates that two major structures intersect in the northeast of the concession, in a similar geological setting to the La Virgin gold mine 20 km to the north. Historic production at La Virgin was 120,000 oz per annum. 

According to the news release, the first property visit is planned for the week of Oct. 12. 

Sentinel’s field team will initially comprise three in-country geologists, allowing for rapid first pass reconnaissance and rock-chip grab sampling. The team has robust project review and target generation experience, especially with respect to Peruvian low and high sulfidation epithermal deposits, such as Lagunas Norte, La Arena and Rosario De Belen. This will allow the mineralization at Salama to be placed within the wider context of an epithermal deposit, and for key controls on the mineralization and high-value targets to be established. Sentinel will submit samples to ALS Lima for preparation and analysis.

Conclusion

Sentinel Resources has two solid projects under their belt and a veteran technical team now on-board hunting globally for more big acquisitions.

For the bottom-fishing investor this narrative translates into a pipeline of news flow which could be potentially transformative to a company with a market capitalization of ~$12 million. 

Having recently IPO’d on the Canadian Stock Exchange (CSE) at a dime a share, SNL has already conducted field work at its Pass property near Nelson – one of three British Columbia projects the North Vancouver-based company has in its portfolio – and in September announced a work program at its flagship Waterloo property, situated near Vernon. 

Waterloo hosts high-grade silver and gold showings exposed over an area of 4.0 by 0.7 kilometers. The historic Waterloo mine has seen sporadic production of high-grade silver since 1903.

Sentinel will be the first company to investigate the true potential of Waterloo through a systematic exploration and diamond drill program. The plan is to conduct further geophysics and sampling with the intent to drill deeper into the most prospective silver and gold-bearing structures.

Given the success rate of surrounding mines, including New Afton, Ajax, and Copper Mountain, the potential for high-grade, low-cost gold and silver resource development is intriguing.

I expect plenty of news from Sentinel over the next few months, both from Salama in Peru and Waterloo in British Columbia. 

And I look forward to perhaps even more project acquisitions.

Sentinel Resources Corp.
CSE:SNL, US OTC PINK:SNLRF
Cdn$0.40 2020.09.15
Shares Outstanding 18,555,000m
Market cap Cdn$7.4m
SNL website

Richard (Rick) Mills
aheadoftheherd.com

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