Sendero Resources (TSXV:SEND) - Drilling High-Grade Targets in Argentina's Vicuña Copper District

Company Interviews

Interview with Michael Wood, Executive Chairman of Sendero Resources Corp.

Recording date: 2nd May 2024

Sendero Resources (TSXV:SEND) is a junior exploration company advancing the highly prospective Peñas Negras copper-gold-PGE project in the world-class Vicuña mining district of Argentina.

The company's maiden drill program intersected a telescoped high-sulfidation epithermal system in a lithocap environment, a geological setting known to host major deposits in the region. This type of system often features bonanza-grade feeder zones that can dramatically enhance the scale and economics of a deposit.

Sendero's experienced technical team, led by CEO Hernan Vera, has identified compelling drill targets to explore for these high-grade zones. Two large magnetic anomalies in the middle of the lithocap could represent the mineralized porphyry intrusions that fed the system. The company also plans to test the base of the lithocap, where sizable mineralization suggests a large underlying copper porphyry deposit may be hiding.

Importantly, these targets start at just 150 m from surface, enabling cost-effective drilling to potentially deliver a game-changing discovery. With a dominant 211 sq km land position in the heart of the Vicuña district and a strong in-country team, Sendero is well-positioned to unlock the project's value.

The company is currently assessing funding options for a larger drill campaign starting in October, including strategic investments or JV partnerships. Argentina's pro-mining political environment, coupled with strong community support, bodes well for advancing the project.

For investors, Sendero offers speculative exposure to a potential major copper-gold discovery in a district that has delivered multiple Tier 1 deposits in recent years. If the company can delineate a significant high-grade resource, the stock could offer substantial upside from current levels. Upcoming drill results and financing updates will be key catalysts to watch in the months ahead.

View Sendero Resources' company profile: https://www.cruxinvestor.com/companies/sendero-resources

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