Sorrento Resources Ltd. Intersects 31m of 0.42g/t Au, Rodgers Cove, Newfoundland
Rhea-AI Summary
Sorrento Resources (CSE: SRS, OTCQB: SRSLF) reported new gold assay results from its Rodgers Cove Project in Newfoundland and Labrador. Drillhole RC26-010 intersected 31m grading 0.42 g/t Au from 100m, including 7m of 1.01 g/t Au from 124m. Drillhole RC26-007 returned 13m of 0.79 g/t Au from 130m. Mineralization remains open along strike and up- and down-dip, with several holes ending in mineralization.
The company emphasized QA/QC procedures and noted that results are preliminary and insufficient to define a mineral resource. Sorrento also entered a Technical Services Agreement with Bugden Geoscience, a related party, for geological consulting through December 31, 2026, with a potential aggregate value above $100,000.
Positive
- RC26-010 intercept: 31m grading 0.42 g/t Au from 100m, including 7m of 1.01 g/t Au from 124m
- RC26-007 intercept: 13m grading 0.79 g/t Au from 130m
- Mineralization open along strike and up/down dip, with RC26-007 and RC26-010 ending in mineralization
- Multiple holes (RC26-007 to RC26-013) drilled on a soil anomaly 1–1.5km from earlier holes, expanding the target area
- QA/QC protocols with standards, blanks, duplicates and independent lab (Eastern Analytical) support data reliability
Negative
- Exploration results preliminary and explicitly stated as insufficient to define a mineral resource
- Further drilling required to determine continuity, geometry and grade distribution of mineralization, implying additional exploration spending
- Related-party services agreement with Bugden Geoscience, a significant shareholder-related entity, classified as a Significant Transaction with potential value greater than $100,000
News Market Reaction – SRSLF
In the Aug 6 session, SRSLF gained 15.25%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Vancouver, British Columbia--(Newsfile Corp. - August 6, 2026) - 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 drillhole RC26-010 intersected a 31m thick interval with a grade of 0.42g/t Au at the Company's Rodgers Cove Project in Newfoundland and Labrador.
Highlights:
- Drill hole RC26-010 intersected 31m of 0.42g/t Au from 100m including 7m of 1.01g/t from 124m
- Drill hole RC26-007 intersected 13m of 0.79g/t from 130m
- Mineralization is open along strike, as well as up and down dip
- Drill holes RC26-007 and RC26-010 both ended in mineralization and are open at depth
- Drill holes RC26-007, RC26-008, RC26-009, RC26-010, RC26-011, RC26-012, and RC26-013 were all drilled on a NG soil anomaly and are approximately 1 to 1.5km distant from the previously reported holes
Gold mineralization primarily occurs in altered mafic dykes hosted within a quartz diorite. Locally, the quartz diorite also hosts gold and sulphide mineralization in quartz veins as well as in its groundmass.
Table 1. Compiled composites for drill holes RC26-005, RC26-006, RC26-007, RC26-008, RC26-009, RC26-010, RC26-011, RC26-012, and RC26-013. *Indicates the presence of visible gold and was assayed using total pulp metallics. Intervals are reported as core lengths. Currently, data is insufficient to determine true widths.
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Figure 1. Drill hole collars for all the completed holes overlain on a heat map for Sorrento Resources Au soil anomalies.
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Figure 2. Cross section of drill holes RC26-001, RC26-003, and RC26-005 highlighting Au g/t assay values and lithologies.
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Figure 3. Cross section of drill hole RC26-007 highlighting Au g/t assay values and lithologies.
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Figure 4. Cross section of drill holes RC26-010 and RC26-011 highlighting Au g/t assay values and lithologies.
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Figure 5. Cross section of drill holes RC26-002 and RC26-006 highlighting Au g/t assay values and lithologies.
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Figure 6. Cross section of drill holes RC26-012 and RC26-013 highlighting Au g/t assay values and lithologies.
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Figure 7. Cross section of drill holes RC26-008 and RC26-009 highlighting Au g/t assay values and lithologies.
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Table 3 UTM Drill Collar Coordinates and drillhole details. Coordinates were collected using a Differential-GPS in UTM ZONE 21-NAD 83 CSRS.
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Management Commentary
"These results continue to validate the scale and potential of the Rodgers Cove system. Intersecting broad zones of gold mineralization over a kilometre from previously reported drilling demonstrates the strength of this emerging target and reinforces our confidence in the project's exploration upside. With mineralization remaining open in multiple directions and several holes ending in mineralization, suggests that we are only beginning to understand the extent of this system. We look forward to advancing our exploration program and unlocking further value for our shareholders."
-Alex Bugden, P.Geo, Chief Executive Officer and President, Sorrento Resources Ltd.
QA/QC Commentary
Sorrento Resources QA/QC protocols were maintained through the insertion of certified reference material (standards), blanks, and duplicates within the sample stream at approximately one (1) in ten (10) samples. The drill core was cut in half with a diamond saw, with one half placed in sealed bags and shipped to the laboratory, and the other half retained on site. Chain of custody is maintained from the drill through to submittal into the laboratory preparation facility.
The samples were delivered to the Eastern Analytical Ltd. facility, Springdale, Newfoundland and Labrador for crushing and pulverizing. Analytical testing was performed by Eastern Analytical laboratory. Splits were analysed by Au 30 g fire assay and ICP-34 protocols.
The exploration results described herein are preliminary in nature and are insufficient to define a mineral resource. Further drilling is required to determine the continuity, geometry, and grade distribution of mineralization.
Technical Services Agreement
The Company further announces that it has entered into Technical Services Agreement dated July 29, 2026 with Bugden Geoscience Ltd. ("Bugden") pursuant to which Bugden will provide geological consulting services to the Company until December 31, 2026 at a daily rate, ranging from
About The Rodgers Cove Project
The Rodgers Cove Project is located in Gander Bay, Newfoundland and Labrador near the town of Rodgers Cove and less than 50km north of Gander, a town with a skilled workforce and an international airport. The property is located in a strategic position, as it is on tidewater and is accessible via forest access roads. There is also a nearby transmission line.
It consists of two mineral licenses totaling 6,500 hectares (260 claims) in the Central Newfoundland Gold Belt (CNGB), an area known for hosting multiple gold discoveries along major deformation zones. In detail, the property is located within the Exploits Subzone, along the Appleton and JBP Faults, key structural corridors associated with major gold systems.
Qualified Person
Dr. Derek Wilton, a Qualified Person in accordance with National Instrument 43-101 and independent from Sorrento Resources, has reviewed and approved the technical information contained in this press release.
About Sorrento Resources Ltd.
Sorrento is engaged in acquisition, exploration, and development of mineral property assets in Canada. Sorrento's objective is to locate and develop economic precious and rare earth element, gold, and base metal properties of merit including the Bottom Brook Project, Rodgers Cove Gold, and Harmsworth (VMS) project all located in Newfoundland.
On Behalf of The Board of Directors,
SORRENTO RESOURCES LTD.
"Signed"
Alex Bugden
President and Chief Executive Officer
investors@sorrentoresources.ca
709-693-4088
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 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.
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