Sendero Resources Intersects 256M of 0.53 G/T Gold Equivalent in Maiden Drill Program at the Peñas Negras Project in the Vicuña District

VANCOUVER, BC / ACCESSWIRE / April 3, 2024 / Sendero Resources Corp. (TSX:SEND) ("Sendero" or the "Company") is pleased to announce results of the first three diamond drillholes from the ongoing maiden drilling program at its 100% owned Peñas Negras Project in the Vicuña District in La Rioja, Argentina.

Highlights

• PNDH003 (La Ollita) intersected 256m of 0.53 g/t Gold Equivalent "AuEq" from 84m.
  • including 70m of 0.66 g/t AuEq from 84m
    • including 20m of 0.76 g/t AuEq from 92m
  • including 94m of 0.58 ag/t AuEq from 246m
    • including 8m of 1.09 g/t AuEq from 254m
• Ongoing drilling at La Ollita (holes PNDH004-PNDH006) is confirming the presence of a large mineralized advanced argillic epithermal lithocap telescoped on a porphyry gold - copper system.

Sendero Executive Chairman, Michael Wood, commented:

"We are delighted with the initial results from La Ollita in our maiden drilling program which confirms our thesis that La Ollita is a telescoped high-sulfidation epithermal/ porphyry system, like other major deposits in the Vicuña District, such as Filo del Sol, and with comparable grade to the resource grade at Josemaria. Such telescoped systems create large, diverse mineral systems and La Ollita will be the sole focus for the rest of the current drill program as we seek to gain a better understanding of the deposit geometry, grade distribution and mineralogy."

Foto: Accesswire

Figure 1. Peñas Negras Project and Exploration Targets

Discovery Hole PNDH003

After initial drilling at La Peña and Tamberías, attention was shifted to the La Ollita target where previous drilling in the 1990's by Eldorado Gold had intersected gold (Au) - copper (Cu) mineralisation at relatively shallow depths (≤150m). PNDH003, a vertical hole drilled to 450m depth, intersected an advanced argillic lithocap below 84m of moraine cover to a depth of 159m. Below this depth the hole intersected several phases of dacite porphyry, an early mineralized phase, and a late-mineralized phase, before ending in a post-mineral fault zone (Figure 2).