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Sentinel Resources acquires seven silver exploration concessions in New South Wales, Australia
VANCOUVER, BC, Oct. 13th, 2020 /CNW/ - Sentinel Resources Corp. (CSE: SNL)(OTCPK: SNLRF) ("Sentinel" or the "Company") is pleased to announce that it has acquir
About this update from Emp Metals Corp
[{"type":"text","content":" VANCOUVER, BC, Oct. 13th, 2020 /CNW/ - Sentinel Resources Corp. (CSE: SNL)(OTCPK: SNLRF) (\"Sentinel\" or the \"Company\") is pleased to announce that it has acquired, by staking, seven, silver-focused exploration concessions totaling approximately 38,600 hectares (386 km2), located in New South Wales, Australia. The concessions are known as; Wallah Wallah, Stony Creek, Carrington, Dartmoor, Glens Skarn, Broken Hill West and Goongong (collectively, the \"Silver Projects\")(Figure 1). Highlights of Acquisition: At least 23 historic silver and 3 historic gold mines and exploration prospects are present across the Silver Projects. Historic production records indicate that silver grades were generally high-grade and exceeded 1 kg/t Ag in some instances (see News South Wales Department of Planning, Industry and Environment). Six of the licences are strategically located within the well-mineralized Lachlan orogenic terrane. One licence is located in the world class Broken Hill region of the Curnamona Province. 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's technical team is currently reviewing historic data in order to fast track reconnaissance follow-up and definition of high-grade drill ready targets. Rob Gamley, President & CEO of Sentinel, states, \"The acquisition of seven strategically located silver projects, within the prolifically mineralized Lachlan orogenic terrane and the world famous Broken Hill Block, provides an excellent complement to the Company's New South Wales gold projects. A significant historic database (held by the New South Wales Department of Planning, Industry and Environment) provides a robust foundation on which to rapidly advance projects and generate high-value drill-ready targets.\" \"The seven silver-focused concessions encompass a range of deposit types including skarn mineralization associated with porphyry intrusions, volcanic massive sulphide deposits,...