Sendero Resources Intersects 114m of 0.84 g/t Gold Equivalent Including 22m of 1.61 g/t Gold Equivalent at the Peñas Negras Project in the Vicuña District

VANCOUVER, BC / ACCESSWIRE / May 1, 2024 / Sendero Resources Corp. (TSXV:SEND) ("Sendero" or the "Company") is pleased to announce results of three more diamond drillholes from its maiden drilling program at its 100% owned Peñas Negras Project in the Vicuña District in La Rioja, Argentina. These latest results from holes PNDH004 to PNDH006 continue to demonstrate the significant potential of the project.

Highlights

• PNDH006 (La Ollita) intersected 364m of 0.51 g/t Gold Equivalent "AuEq" from a shallow depth of 34m to the bottom of the hole. The upper part of the hole intersected 114m of 0.84 g/t Gold Equivalent "AuEq" including 22m of 1.61 g/t AuEq
• PNDH004 (La Ollita) intersected 266m of 0.52 g/t AuEq from 96m to post-mineral fault zone. The upper part of the hole intersected 166m of 0.63 g/t AuEq including 72m of 0.72 g/t AuEq and 20m of 0.82 g/t AuEq
• Maiden drilling at La Ollita PNDH003-PNDH008 is confirming the presence of a large, high-level mineralized advanced argillic epithermal lithocap telescoped on a porphyry gold-copper system.
• All five holes drilled at La Ollita (PNDH003-PNDH008) ended in severe faulting with strong silica-sericite clay alteration, at what is considered to be the base of the large mineralized lithocap, and have not tested the porphyry system below.
• PNDH007 and PNDH008 (assays pending) designed to test the large magnetic anomalies intersected high levels of magnetite and in PNDH008 bornite replacement of the chalcopyrite was identified
• The exploration focus going forward at La Ollita is finding the high-grade feeder zone/s into lithocap and navigating out of the base of the lithocap to test the porphyry system below.

Sendero Executive Chairman, Michael Wood, commented:

"La Ollita is a large telescoped mineral system with multiple phases of porphyry and epithermal mineralization identified in our initial drilling. We are learning a great deal with each hole that is drilled and starting to find higher grade zones such as 22m of 1.61 g/t AuEq. The feeder zone into the advanced argillic lithocap is the big prize for us where the grade should be substantially higher and often where large amounts of the metals are contained within lithocap deposits.

We have seen extensive mineralization and alteration telescoping in holes 3, 4 and 6 with multiple phases of porphyry and epithermal mineralization identified, creating scale with continuous mineralization of 250m+ from beneath the moraine cover until we encountered the extensive fault zone at what we believe is the base of the lithocap, in all holes drilled to date at La Ollita."