Tillkännagivande • Apr 08
Sendero Resources Corp., Annual General Meeting, Jun 18, 2026 Sendero Resources Corp., Annual General Meeting, Jun 18, 2026. Location: british columbia, vancouver Canada New Risk • Jan 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$40.1m market cap, or US$29.5m). Tillkännagivande • Jan 27
Sendero Resources Corp. announced that it has received CAD 2.000001 million in funding Sendero Resources Corp. announces the closing of a non-brokered private placement to issue 1,739,131 common shares of the Company at a price of CAD 1.15 per share for gross proceeds of CAD 2,000,000.65 on January 26, 2026. The shares issued to the Purchaser pursuant to the Offering are subject to a four-month and one-day statutory hold period, in accordance with applicable securities laws. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. No finder’s fees or commissions will be paid in connection with the Offering. Tillkännagivande • Dec 04
Sendero Resources Corp. announced that it has received CAD 4.009 million in funding On December 3, 2025, Sendero Resources Corp. closed the transaction. As part of the agent's option the company issued 60,053 additional common shares. The company paid to the agent a cash commission in the aggregate amount of CAD 284,624, and issued to the agent 299,603 share purchase warrants, each exercisable to acquire one share at a price of CAD 0.95 for a period of two years. New Risk • Nov 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (199% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$18.9m market cap, or US$13.4m). Tillkännagivande • Nov 13
Sendero Resources Corp. announced that it expects to receive CAD 4.009 million in funding Sendero Resources Corp. announced that it has entered into an agreement with Stifel Nicolaus Canada Inc. to act as sole agent and bookrunner in connection with a "best-efforts" marketed private placement offering of 4,220,000 common shares at a price of CAD 0.95 per Share for gross proceeds to the Company of CAD 4,009,000 with the Shares to be issued pursuant to the Listed Issuer Financing Exemption on November 12, 2025. The Company has granted to the Agent an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of Shares at the Offering Price for additional gross proceeds of up to CAD 601,350. The Offering is expected to close on or about December 3, 2025 and is subject to the Company receiving all necessary regulatory approvals, including the conditional approval from the TSX Venture Exchange. New Risk • Mar 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.3m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 64% per year over the past 5 years. Shareholders have been substantially diluted in the past year (196% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.10m market cap, or US$4.26m). Tillkännagivande • Mar 04
Sendero Resources Corp., Annual General Meeting, May 01, 2025 Sendero Resources Corp., Annual General Meeting, May 01, 2025. Location: british columbia, vancouver Canada New Risk • Jan 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 201% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). Earnings have declined by 74% per year over the past 5 years. Shareholders have been substantially diluted in the past year (201% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.45m market cap, or US$6.58m). Tillkännagivande • Dec 31
Sendero Resources Corp. announced that it has received CAD 1.5234 million in funding On December 30, 2024 Sendero Resources Corp. closed the transaction and issued 11,880,001 units at issue price of CAD 0.12 per unit for proceeds of CAD 1,425,600.12 in its second and final tranche. Each Unit consists of one common share of the Company one common share purchase warrant. Each Warrant shall be exercisable to acquire one (1) additional Common Share at an exercise price of CAD 0.16 until December 30, 2029. No finder’s fees were paid in connection with the Offering. The Units were offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. All securities issued under the Second Tranche are subject to a hold period expiring May 1, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Company issued total 12,695,001 Units and raised proceeds of CAD 1,523,400.12. Under the Second Tranche, an insider of the Company has subscribed for a total of 350,000 Units for a total consideration of CAD 42,000. Tillkännagivande • Dec 14
Sendero Resources Corp. announced that it expects to receive CAD 1.68 million in funding Sendero Resources Corp. announced a non-brokered private placement of up to 14,000,000 units at a price of CAD 0.12 per unit for the gross proceeds of CAD 1,680,000 on December 12, 2024. Each unit will consist of one common share and one common share purchase warrant exercisable to purchase one common share at a price of CAD 0.16 per common share for 60 months from the date of issuance. The private placement is subject to the approval of the TSX Venture Exchange, and all securities issued under the private placement will be subject to a statutory hold period expiring four months and one day from the date of closing of the private placement. Tillkännagivande • Dec 08
Sendero Resources Corp. Announces Chief Financial Officer Changes Sendero Resources Corp. announced that Mr. Michael Wood has resigned from his position as Chief Financial Officer ("CFO") of the Company and he will be succeeded by Mr. David Cross who has been appointed as the CFO with immediate effect. The appointment of Mr. Cross is part of the Board's strategy to revamp the Company. Mr. Cross is a Chartered Professional Accountant ("CPA"), and is a co-founder of Cross Davis & Company, an accounting firm that has focused on providing accounting and management services to publicly listed companies since 2010. Mr. Cross brings extensive knowledge and experience in servicing mining and mineral exploration companies. Mr. Wood was a founder of Sendero and has deep institutional knowledge which has been essential in stabilizing the Company in recent months. Tillkännagivande • Dec 07
Sendero Resources Corp. Announces Resignation of Michael Wood as Director and Chairman of the Board Sendero Resources Corp. announced that Mr. Michael Wood has resigned a director and as Chairman of the Board of Directors. Mr. Wood was a founder of Sendero and has deep institutional knowledge which has been essential in stabilizing the Company in recent months. New Risk • Dec 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.8m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.05m market cap, or US$747.5k). Minor Risk Shareholders have been diluted in the past year (6.9% increase in shares outstanding). New Risk • Oct 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.7m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.10m market cap, or US$1.52m). Minor Risk Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Tillkännagivande • Oct 10
Sendero Resources Corp. Reports Final Analytical Results from 2024 Diamond Drilling Campaign at the Penas Negras Project in the Vicuna District, La Rioja Argentina Sendero Resources Corp. announced results of the last two diamond drillholes from its maiden drilling program at its 100% owned Peñas Negras Project in the Vicuña District in La Rioja, Argentina. Highlights: PNDH007 (La Ollita) intersected porphyritic diorite with pervasive quartz-sericite-chlorite alteration. Hole abandoned at 95 m in-hole depth due to intense fracturing which precluded continuation of drilling. No significant assay results. PNDH008 (La Ollita) intersected andesite and diorite porphyry with pervasive propylitic and phyllic alteration. Analytical results indicate geochemically anomalous Au and Ag from surface to approximately 20 m in-hole depth, corresponding with argillic alteration. Copper is geochemically anomalous below the contact between argillic alteration and underlying phyllic alteration. About the Project: The Vicuña is a Miocene metallogenic belt in the southern Cordillera which links the prolific El Indio and the Maricunga Belt. Both porphyry (Cu-Au-Ag-Mo) and epithermal (Cu-Au-Ag) styles of mineralization are known at large scale (>550Kt Cu, 40t Au), including Filo del Sol, Josemaria, and Los Helados, and Caserones (Lundin) in the vicinity. The Peñas Negras project comprises 120km2 mineral claims in the Vicuña Belt, where previous work has outlined several Cu and Au anomalous showings and prospects. Exploration work by Sendero included airborne magnetics and gamma spectrometer survey, IP/Resistivity, soil geochemistry, geological mapping, which culminated in a 3126 m diamond drilling programme in eight holes testing 3 target areas. Analytical results from drill holes PNDH001 to PNDH006 have been previously disclosed in press releases 03 April 2024 and 1 May 2024. Hole PNDH007 targeted a NW trending local magnetic anomaly and an interpreted fault zone. Drilling intersected unconsolidated glacial moraine from collar to 38.5m in-hole depth, and highly fractured porphyritic diorite with pervasive quartz-sericite-chlorite alteration and magnetite-pyrite in veinlets and disseminations with minor chalcopyrite mineralization. From 77.8m in-hole depth, drilling encountered fault breccia zone which increased the difficulty of drilling, and the hole was abandoned at 95m in-hole depth. Hole PNDH008 was targeted on an isolated strongly magnetic body. Drilling collared directly in bedrock with no overburden, and intersected primarily andesite and diorite porphyry rocks. Strong faulting and brecciation resulted in abandoning the hole at 88m in-hole depth. Laboratory analysis indicates geochemically anomalous Au and coincident Ag from surface to approximately 20m in-hole depth, which marks the base of the argillic alteration. Below the argillic alteration Cu is geochemically anomalous in the phyllic alteration. Tillkännagivande • Sep 25
Sendero Resources Corp. Appoints Manni Buttar to Its Board of Directors Sendero Resources Corp. announced the appointment of Mr. Manni Buttar to Sendero's board of directors. Mr. Buttar brings a wealth of experience in the financial sector and is a Chartered Professional Accountant (CPA,CA). Tillkännagivande • Aug 10
Sendero Resources Corp Announces Director Changes Sendero Resources Corp. announced the appointment of Mr. Alex Gostevskikh to Sendero's board of directors (the "Board") and that Mr. Marco Roque has resigned as a director of the Company to focus on his other professional commitments. Gostevskikh has extensive worldwide experience in mineral exploration and is a Qualified Person under NI43-101 definition. Board Change • Aug 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Marco Baptista Roque was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.7m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.65m market cap, or US$3.40m). Tillkännagivande • Jun 06
Sendero Resources Corp. Announces Executive Changes Sendero Resources Corp. announced the appointment of Mr. Raymond D. Harari as President of the Company effective June 4, 2024. Mr. Harari is the founder of Canalis Capital, a Panama-based merchant bank focused on disruptive industries. Mr. Harari has been a senior executive and board director of several Canadian publicly listed mineral exploration companies, including serving in the roles of President, Chief Executive Officer and Director of Bald Eagle Gold Corp. from March 2021 - August 2022, the predecessor to Hercules Silver Corp., and was instrumental in its transition from a Nevada focused gold explorer to an Idaho silver exploration company, which culminated in a significant equity investment by Barrick Gold in 2023. Mr. Harari graduated with honors from the University of Pennsylvania with a BSE in systems engineering and a minor in engineering entrepreneurship and mathematics. The Company also announces the resignation of Mr. Jimmy Lim as Director of the Company. Tillkännagivande • May 03
Sendero Resources Corp. Announces Results of Three More Diamond Drill Holes from its Maiden Drilling Program at its 100% Owned Penas Negras Project in the Vicuna District in La Rioja, Argentina Sendero Resources Corp. announced results of three more diamond drillholes from its maiden drilling program at its 100% owned Penas Negras Project in the Vicuna 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; 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. New Risk • Apr 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.2m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.6m market cap, or US$9.28m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). New Risk • Apr 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.3m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.3m market cap, or US$9.81m). Tillkännagivande • Apr 03
Sendero Resources Corp. Announces Results of the First Three Diamond Drill Holes from the Ongoing Maiden Drilling Program At Its 100% Owned Penas Negras Project in the Vicuna District in La Rioja, Argentina Sendero Resources Corp. 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. 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. The upper part of the hole intersected a phreatomagmatic breccia with intense pervasive residual vuggy silica and clays with alunite and returned 70m of 0.66 g/t AuEq from 84m (Table 1 and Figure 2). In this advanced argillic style alteration were pyrite-enargite-chalcocite and black sulfide veins with metal values up to Au (1.1g/t), Ag (7.3g/t), Mo (200ppm) and Cu (0.3%). In addition, late intermediate sulfidation epithermal style Zn-Pb-Ag-Cu veins overprint the porphyry Au-Cu mineralization. Below 159m the hole intersected high sulfidation mineralization and advanced argillic alteration overprinting porphyry-style sericite and potassic (K-feldspar-biotite) alteration with A-type quartz veinlets. The early porphyry phase returned 94m of 0.58 g/t AuEq from 246m. Note that Au-Cu grades dropped off considerably when entering extensive post-mineral faults below 340m, with the reduction in grade due to displacements by the faults rather than a reduction in Au-Cu grades of the system itself. Despite extension drilling into this post-mineral fault zone, were unable to pass and stopped the hole on advice of the drill contractor. The Company's initial exploration drilling at La Ollita is focused within a triangle-shaped structural zone formed by the intersection of NE-NW-EW faults, which coincides with magnetic and IP chargeability anomalies. The Company's thesis is that this triangular zone represents a zone of weakness and provided a feeder for magmatic-hydrothermal fluids forming the advanced argillic lithocap measuring at least 600 x 600m. The Company believes the advanced argillic lithocap could be far more extensive than this and exploring extensions will be a focus for future drilling. The results of PNDH003 and the ongoing drilling at La Ollita are demonstrating the existence of an extensive well preserved telescoped Au-Cu-Ag mineral system concealed beneath the moraine cover. This finding is comparable to other deposits in the Vicuña District like Filo del Sol which show alteration and mineralization telescoping on large systems of both high-sulfidation Cu-Au-Ag and porphyry Cu-Au. The mineralization in PNDH003 is richer in gold than copper with average grades of 0.294 g/t Au to 0.142% Cu across the 256m interval, with the higher metal grades of 1.11 g/t Au (110-112m), 1.35% Cu (254-256m), 9.4 g/t Ag (254-256m) and 200pm of Mo (86-88m). Copper could become dominant in some zones of the system but for now the Company is reporting in gold equivalent (AuEq) as gold has been observed to be the dominant metal in the system to date. If PNDH003 was being reported in Copper Equivalent it would be comparable in grade to the resource grade at the nearby Josemaria deposit. The remainder of the current drill program will be completed at La Ollita with holes PNDH004, PNDH005 and PNDH006 now completed and PNDH007 currently being drilled. Drilling will continue to mid to late April, with approximately 3,100m drilled so far. Drilling started at the two targets, La Peña (PNDH001) and Tamberías (PNDH002), with the most compelling exposed geology, surface soil and rock geochemistry, and magnetic and IP signatures. In both PNDH001 & PNDH002, Au-Cu and intermediate sulfidation epithermal style mineralization was encountered associated with quartz-diorite porphyry cut by various breccia facies including both magmatic-hydrothermal and late phreatomagmatic breccias. The early magmatic-hydrothermal breccia is mainly polymictic containing clasts of country rock, including porphyritic and fragmental rhyolite, granite, microdiorite, andesite, and volcaniclastic rocks, as well as porphyry Cu clasts with A-style veins. Assay results confirm low tenor but consistent Au-Cu-Mo grades & Ag at La Peña. This is reminiscent of the periphery of Maricunga style gold-rich porphyry systems, and the Company is evaluating future drill hole locations to test different parts of these systems. New Risk • Mar 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$25.1m market cap, or US$18.5m). Tillkännagivande • Jan 10
Sendero Resources Corp. Commences Drilling at Peñas Negras Sendero Resources Corp. announced that drilling has commenced at its 100% owned Peñas Negras Project on the Vicuña Belt in La Rioja, Argentina. La Peña Ground Magnetics: La Peña is ranked as Sendero's high priority target. It has many typical features of Andean copper-gold porphyry deposits. The mineralised system is exposing at an optimum level of erosion, just above the interpreted high-grade copper-gold zone. Favorable features of the exposed diorite porphyry are intense potassic alteration, stockwork magnetite-quartz veining, and the presence of copper sulfides and oxides. Two initial holes are programmed at La Peña. The recently completed detailed ground magnetic survey has confirmed the same shape and size of the strong magnetic response seen in historical airborne magnetic data centered on the known porphyry intrusive. The large discrete magnetic anomaly with potassic alteration measures approximately 800m long and 500m wide. Another magnetic anomaly located about 1000m to the north opens the possibility of a satellite porphyry system. Ongoing Work Program: Regarding the recently completed geophysical surveys from the other priority targets, the company is awaiting results and will provide updates once all the information is received and processed for each target. Ground magnetics and induced polarization surveys have been completed at Tamberias and La Ollita and ground magnetics is being conducted at Cerro Verde South. Tillkännagivande • Dec 12
Sendero Resources Corp. Mobilizes for Drilling At Penas Negras Sendero Resources Corp. announced that mobilization has started for drilling at its Peñas Negras Project on the Vicuña Belt in La Rioja, Argentina. Highlights: Drilling to commence in the first half of January 2024 with an initial 4,500m of diamond drilling. Three priority drill-ready porphyry copper-gold targets have been selected for initial drilling, La Peña, Tamberías and Cerro Verde South - all of which are untested by drilling. The La Ollita target has been upgraded to high priority following ongoing targeting studies and revised ranking. Many of the key geological, geochemical, and geophysical features seen at other deposits in the Vicuña Belt, such as Filo del Sol and Josemaria deposits are replicated in Sendero's priority drill targets. La Peña Target: La Peña has many typical features of Andean copper-gold porphyry deposits. The mineralised system is exposing at an optimum level of erosion, just above the interpreted high-grade copper-gold zone. Favorable features of the exposed diorite porphyry are intense potassic alteration, stockwork magnetite-quartz veining, and the presence of copper sulfides and oxides. Two initial holes are programmed at La Peña. Tamberías Target: Tamberías comprises an outcropping diorite porphyry with classic porphyry style quartz-magnetite veining. Pervasive hydrothermal alteration is zoned from a potassic core overprinted chlorite-epidote. The area shows Cu-Au-Mo geochemistry and peripheral Zn-Cd-Pb in Ionic Leach and conventional soils coinciding with a magnetic high and a quartz vein stockwork zone. Trenching to the east of the outcropping diorite porphyry has revealed a breccia zone with strongly anomalous Au-Cu-Ag geochemistry in channel sampling and extensions of the diorite porphyry under the cover with fresh sulphides, mainly pyrite and minor chalcopyrite and chalcocite. Cerro Verde South Target: At Cerro Verde South there is extensive porphyry related alteration coincides with major magnetite-quartz stockwork zones. In the same areas highly anomalous Cu-Au-Mo with a peripheral Zn-Pb-Cd halos have been defined by ionic leach, talus fines and conventional soil geochemistry. These favourable features also coincide with magnetic highs. Two drillholes are initially programmed for the "south target" within Cerro Verde South, where intense stockwork veining in dacite and diorite porphyries has been observed. This coincides with the zone of geochemical anomalies and strong magnetism. The area known as the "green whale" has shown significant potential for hosting an economic porphyry system due to the presence of high-density quartz-magnetite veining with associated breccias linked to known Cu-Au mineralization in historical drilling. A third drill hole is programmed into the "green whale" target. La Ollita: The La Ollita target has been upgraded to high priority following ongoing targeting studies and revised ranking. Reassessment of historical Eldorado Gold drilling conducted in the mid-1990s revealed that several deeper holes (250-300m) intersected quartz diorite porphyry towards the bottom of the holes associated with quartz-magnetite stockwork veining and potassic alteration. Some of the holes ended in highly anomalous copper and gold values including drill hole PNR 33 returning 10m at 0.79 g/t Au and 1400 ppm Cu from 260m. The holes with quartz diorite porphyry coincide with a gradient IP chargeability anomaly measuring approximately 500m x 800m. Overlying and extending laterally away from the porphyry centre is an epithermal vein overprint associated with pervasive phyllic alteration (quartz-sericite-pyrite-clay). Many of the near-surface Eldorado Gold drill holes returned highly anomalous gold grades (0.5-3.0 g/t) over potentially mineable widths. Induced Polarization (IP) and ground magnetic surveys are currently being completed along with Ionic Leach geochemical soil sampling with the aim of refining the porphyry centre/s below the know epithermal system and selecting optimum drill targets.