Sorrento Resources Expands Copper-Gold Lord Baron Project, Newfoundland
Sorrento Resources (CSE: SRS) (OTCQB: SRSLF) has expanded its Lord Baron Copper-Gold Project in Newfoundland by staking two additional mineral licenses covering 750 hectares. This expansion increases the project's total size to 6,400 hectares, consolidating Sorrento's strategic position in the Springdale district.
The newly acquired land includes five documented mineral occurrences, three historic shafts, and two areas with minor massive sulphide ore extraction. This expansion provides opportunities for new grassroots discoveries in largely underexplored areas, potentially enhancing the project's value for Sorrento Resources and its shareholders.
Sorrento Resources (CSE: SRS) (OTCQB: SRSLF) ha ampliato il suo progetto Lord Baron Copper-Gold in Newfoundland, registrando due ulteriori licenze minerarie che coprono 750 ettari. Questa espansione porta la dimensione totale del progetto a 6.400 ettari, consolidando la posizione strategica di Sorrento nel distretto di Springdale.
Il nuovo terreno acquisito comprende cinque occorrenze minerarie documentate, tre pozzi storici e due aree con estrazione di minerale solfureo massivo di minore entità. Questa espansione offre opportunità per nuove scoperte di base in aree in gran parte sott'esplorate, potenzialmente aumentando il valore del progetto per Sorrento Resources e i suoi azionisti.
Sorrento Resources (CSE: SRS) (OTCQB: SRSLF) ha ampliado su proyecto Lord Baron Copper-Gold en Newfoundland al registrar dos licencias minerales adicionales que cubren 750 hectáreas. Esta expansión aumenta el tamaño total del proyecto a 6,400 hectáreas, consolidando la posición estratégica de Sorrento en el distrito de Springdale.
La nueva tierra adquirida incluye cinco ocurrencias minerales documentadas, tres pozos históricos y dos áreas con extracción de mineral de sulfuro masivo menor. Esta expansión proporciona oportunidades para nuevos descubrimientos iniciales en áreas en gran parte subexploradas, lo que podría aumentar el valor del proyecto para Sorrento Resources y sus accionistas.
소렌토 리소스(Sorrento Resources) (CSE: SRS) (OTCQB: SRSLF)는 노르드 바론 구리-금 프로젝트를 뉴펀들랜드에서 750헥타르를 포함하는 두 개의 추가 광물 라이선스를 취득함으로써 확장했습니다. 이 확장은 프로젝트의 전체 면적을 6,400헥타르로 늘리며, 스프링데일 지역에서 소렌토의 전략적 입지를 강화합니다.
새롭게 확보한 토지는 다섯 개의 문서화된 광물 발생지, 세 개의 역사적인 샤프트 및 두 개의 소규모 다소 황화광 추출 지역을 포함합니다. 이 확장은 대부분 탐사가 이루어지지 않은 지역에서 새로운 기초 발견을 위한 기회를 제공하여, 소렌토 리소스와 그 주주들에게 프로젝트의 가치를 증가시킬 수 있습니다.
Sorrento Resources (CSE: SRS) (OTCQB: SRSLF) a élargi son projet Lord Baron Copper-Gold à Terre-Neuve en enregistrant deux licences minérales supplémentaires couvrant 750 hectares. Cette expansion porte la taille totale du projet à 6 400 hectares, consolidant ainsi la position stratégique de Sorrento dans le district de Springdale.
Le nouveau terrain acquis comprend cinq occurrences minérales documentées, trois puits historiques et deux zones avec extraction mineure de minerai sulfuré massif. Cette expansion ouvre des opportunités pour de nouvelles découvertes de base dans des zones largement sous-explorées, ce qui pourrait augmenter la valeur du projet pour Sorrento Resources et ses actionnaires.
Sorrento Resources (CSE: SRS) (OTCQB: SRSLF) hat sein Lord Baron Copper-Gold-Projekt in Neufundland durch die Vergabe von zwei zusätzlichen Mineralienlizenzen, die 750 Hektar abdecken, erweitert. Diese Erweiterung erhöht die Gesamtfläche des Projekts auf 6.400 Hektar und festigt die strategische Position von Sorrento im Springdale-Distrikt.
Das neu erworbene Land umfasst fünf dokumentierte Mineralvorkommen, drei historische Schächte und zwei Bereiche mit geringer Abbaureife von massiven Sulfid-Erz. Diese Erweiterung bietet Chancen für neue grundlegende Entdeckungen in weitgehend unerforschten Gebieten, was möglicherweise den Wert des Projekts für Sorrento Resources und seine Aktionäre steigert.
- Expansion of Lord Baron Copper-Gold Project by 750 hectares, increasing total size to 6,400 hectares
- Consolidation of strategic land position in the Springdale district
- Acquisition includes five documented mineral occurrences and three historic shafts
- Potential for new grassroots discoveries in underexplored areas
- None.
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Sorrento Resources Ltd. (CSE: SRS) (OTCQB: SRSLF) (the "Company" or "Sorrento") a Canadian exploration company focused on the acquisition, exploration, and development of mineral projects in Atlantic Canada, is pleased to announce that it has staked an additional two mineral licenses covering 750 hectares ("ha") adjacent to its
Highlights:
- The new licences significantly expand the total land package of the Project and further consolidates Sorrento Resources' strategic land position over the Springdale district.
- Majority of the new licences remain underexplored and provide opportunity for new grass roots discoveries.
- Five documented mineral occurrences on the newly acquired claims.
- Three Historic shafts.
- Two areas where minor amounts (<25tons) of massive sulphide ore was extracted.
Figure 1: Map of the consolidated Lord Baron Project with key exploration targets and mineral occurrences.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9602/217378_fcd62bc004fbab74_002full.jpg
About the Lord Baron Project
The Lord Baron Project is located on the Springdale peninsula, Newfoundland and Labrador near the towns of Springdale, Little Bay, and Beachside. The region has a rich mining history and is host to a skilled workforce, several diamond drilling contractors, a NI-43-101 compliant assay lab, and mining equipment and parts suppliers. In addition, it is adjacent to deep water ports, industrial hydroelectric power supply, and is in proximity to the Nugget Pond mill.
The Project, following the staking announced today, consists of 15 individual mineral licenses made up of 256 individual claims for an area of 6,400ha. The Project is predominately underlain by rocks of the Lush's Bight Group of the tectonostratigraphic Dunnage Zone of the Appalachian Orogen. The Lush's Bight Group is a Cambro-Ordovician sequence of ophiolitic metavolcanic rocks representing a portion of the oceanic crust of the proto-Atlantic Ocean, the Iapetus Sea. The group has been metamorphosed to greenschist facies and has undergone extensive faulting related to the initial formation of oceanic crust as well as the Taconic and Acadian Orogenies.
The Lush's Bight Group contains more base metal sulphide showings per square kilometer than any other group of rocks in Newfoundland. The showings typically occur in an envelope of chlorite schist.
Management Commentary
Alex Bugden, P. Geo., Director and Qualified Person of Sorrento Resources Ltd., commented, "We are very excited to announce the expansion of the Lord Baron Project. This land acquisition makes Sorrento one of the largest land holders in the Springdale district and provides many new targets for exploration. The fact we were able to stake these claims ourselves also adds a lot of value to the project for very little cost"
Shares for Services
In other news, the Company has agreed to issue an aggregate of 25,000 common shares to Axiom Exploration Group Ltd. as additional compensation pursuant to the terms of a claims management services agreement previously entered into between the parties. The shares, when issued, will be subject to a four month and one day resale restriction in accordance with the policies of the Canadian Securities Exchange.
Qualified Person
Alex Bugden, P. Geo., a Qualified Person in accordance with National Instrument 43-101, has reviewed and approved the technical information contained in this press release.
About Sorrento Resources Ltd.
Sorrento Resources is engaged in acquisition, exploration, and development of mineral property assets in Canada. The Company's objective is to locate and develop economic precious and base metal properties of merit including the Wing Pond, Tom Joe, Lord Baron projects, the PEG lithium project, and the Harmsworth (VMS) project all located in Newfoundland.
On Behalf of The Board of Directors,
SORRENTO RESOURCES LTD.
Brayden Sutton
President and Chief Executive Officer
investors@sorrentoresources.ca
604-290-6152
Disclaimer for Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements with respect to the Project and its mineralization potential, the Company's objectives, goals or future plans with respect to the Project and the timing of results are "forward-looking statements". Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct.. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217378
FAQ
How many hectares did Sorrento Resources (SRSLF) add to its Lord Baron Project in July 2024?
What is the new total size of Sorrento Resources' (SRSLF) Lord Baron Project after the expansion?
What mineral occurrences were found on the newly acquired claims by Sorrento Resources (SRSLF)?
Where is Sorrento Resources' (SRSLF) Lord Baron Copper-Gold Project located?
