Sendero Resources Maiden Drill Campaign Update: First Results of a New Discovery in Famous Vicuna

Sendero Resources (SEND.V) released the first batch of results from its Peñas Negras project today (April 3, 2024). The headline is the discovery they are currently working to uncover at their La Ollita target, that came up with Au+Cu+Mo to the tune of 0.53 gpt AuEq over 256 meters starting from 83 meters down. While the grade isn't going to turn any heads, for a first hole into a target, this seems like a strong start to exploration at La Ollita. Now, with 4 - and even 5 - more holes drilled into it and due to the market over the coming weeks, the hope is that SEND can build on its success and demonstrate that there is a true discovery to be had, even if the market was unimpressed and sold off on the news today.

Time Stamps

1:20 Michael shares his initial thoughts on results

6:30 Brief overview of what SEND is doing different than previously operators

10:30 Assay Tables – Was it being a gold dominant system a surprise?

14:20 Why does Michael think there was a sell off?

17:30 Are there more holes left to be drilled and when can we expect results from the lab

20:00 Accusations of smearing – Michael’s Response

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