Sendero Resources Receives Drill Permits for Penas Negras Property

VANCOUVER, BC / ACCESSWIRE / October 23, 2023 / Sendero Resources Corp. (TSX:SEND) ("Sendero" or the "Company") is pleased to announce that the Company has received drill permits for its Peñas Negras Project on the Vicuña Belt in La Rioja, Argentina.

This is a major development for the Company as it represents the successful conclusion of the Company's permit application process to secure the drill permits which now enables the Company to drill test several high priority porphyry targets, where similar geology has been discovered to the major deposits on the Vicuña Belt. None of the priority targets have previously been drill tested.

Highlights

• Fully permitted for drilling which will commence in January 2024 with an initial 4,500m of diamond drilling
• Three priority drill-ready porphyry copper-gold targets have been selected for initial drilling, including La Peña, Cerro Verde South and Tamberías
• 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 these priority drill targets

Sendero Executive Chairman, Michael Wood, commented:

"This is a very significant development for Sendero which validates the support of the La Rioja provincial government for the Company to advance the Peñas Negras project. Drilling will commence in January 2024 to test multiple attractive copper-gold targets with similar geological characteristics to the neighbouring deposits on the Vicuna Belt."

Foto: Accesswire

Figure 1. Peñas Negras Project Targets and Vicuna Belt Deposits

La Pena Target

La Peña is ranked as the highest priority drill target in the Peñas Negras portfolio due to:

1. the remarkable coincidence and intensity of all the favourable geological, geochemical and geophysical features typical of Andean Cu-Au porphyry deposits, and
2. the apparent optimum level of erosion exposing the mineralized system just above the interpreted high-grade Cu-Au zone.

Cerro Verde South Target

Extensive porphyry related alteration coincides with a major magnetite-quartz stockwork zone. In the same area highly anomalous Cu-Au-Mo with a peripheral Zn-Pb-Cd halo was defined by ionic leach and talus fines geochemistry. These favourable features also coincide with a magnetic high. The target has not been previously drilled.

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 anomalous Cu-Au-Mo geochemistry in Ionic Leach soils and peripheral Zn-Cd-Pb coinciding with a magnetic high and quartz vein stockwork zone. Tamberías represents a valid untested drill target and has all the hallmarks of a high-level, telescoped Cu-Au porphyry system.