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Sentinel Resources Acquires eight gold exploration concessions in New South Wales, Australia
VANCOUVER, BC, Oct. 6th, 2020 /CNW/ - Sentinel Resources Corp. (CSE: SNL)(OTCPK: SNLRF) ("Sentinel" or the "Company") is pleased to announce that it has acquire
About this update from Emp Metals Corp
[{"type":"text","content":" VANCOUVER, BC, Oct. 6th, 2020 /CNW/ - Sentinel Resources Corp. (CSE: SNL)(OTCPK: 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\")(Figure 1). 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 The New England Orogen forms the basement throughout the northeast of New South Wales. It developed along the eastern mar...