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Sentinel Resources Options Waterloo Silver-Gold Property Near Vernon, BC; Announces Private Placement to Raise $500,000
VANCOUVER, BC, Sept. 2, 2020 /CNW/ - Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) ("Sentinel" or the "Company") is pleased to announce it has entere
About this update from Emp Metals Corp
[{"type":"text","content":" VANCOUVER, BC, Sept. 2, 2020 /CNW/ - Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) (\"Sentinel\" or the \"Company\") is pleased to announce it has entered into an option agreement with RebelEX Resources Corp., to acquire up to a 100% interest in the historic Waterloo silver-gold property, located near Vernon, British Columbia. President and CEO, Rob Gamley commented, \"I am pleased to announce the addition of the Waterloo silver-gold property to Sentinel's BC exploration project portfolio. The Waterloo project, which includes the historic Waterloo Mine, has clearly shown the potential to host high-grade silver and gold mineralization. Historic work on the project such as geological mapping and prospecting have produced compelling results of high-grade silver and gold - metals which have been mined in the region for over 100 years.\" Waterloo highlights: Road accessible, 3,130 hectare project close to developed infrastructure High-grade silver and gold veins exposed over an area of approximately 4 .0 by 0.7 kilometers Grab samples from historic workings returned assays of 2,790 grams per tonne (g/t) silver (Waterloo) and 45.70 g/t gold (Au showing) The property has not been systematically drill tested and numerous untested targets are defined Waterloo Property The Waterloo Property consists of 3,130 hectares located in the historic Lightning Peak silver and gold camp in the Vernon Mining District. The property is host to numerous high-grade silver and gold showings exposed over an area of 4.0 by 0.7 kilometers. Central to the property is the historic Waterloo Mine that has seen sporadic production of high-grade silver since 1903, resulting in numerous shipments of ore to the Trail, BC smelter in 1954, 1967 and 1983. The Waterloo Mine is centered east-west striking shear zone, host to structurally controlled high-grade silver, lead and zinc mineralization (Waterloo structure). This zone is reportedly mineralized along its mined length (approximately 550 meters in the #4 adit) including numerous higher grade sections from vertically oriented ore shoots. Based on geophysical and geochemical surveys, previous operators have interpreted the Waterloo structure to extend below thick cover to the east, with a potential strike length of up to two kilometers. The structure has never been systematically drill tested over it...