en.Wedoany.com Reported - Sendero Resources Corp. holds the Penas Negras project in the Vicuña region of Argentina. The company fully owns 120 square kilometers of mineral rights and holds an option on an additional 91.7 square kilometers. The project is adjacent to the Caserones mining operation operated by Lundin Mining and is located 21 kilometers northeast of the Josemaria and Filo del Sol projects, which are operated under a joint venture between Lundin Mining and BHP.

The joint venture between Lundin Mining and BHP on the Josemaria and Filo del Sol projects holds a 43-101 resource estimate containing 38 million tonnes of copper, 81 million ounces of gold, and 1.467 billion ounces of silver. Over the past three decades, the Penas Negras project has been explored by companies including Anglo American, Vale, Golden Arrow Resources, Eldorado Gold, and Solitaire Minerals, with nearly 16,000 meters of drilling completed across 80 drill holes. Historical drilling results include 354 meters grading 0.53 g/t gold equivalent, 68 meters grading 1.11 g/t gold equivalent, and 78 meters grading 1.09 g/t gold equivalent.

Sendero has a strong technical team, with its strategic backers led by Peter Marrone. Marrone recently sold Allied Gold Corp. for C$5.5 billion in cash. Sendero currently has approximately C$5 million on hand to fund field exploration and a fully permitted 2026 drilling program. The company has 26.5 million shares outstanding, with a market capitalization of approximately C$42 million.

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