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Sorrento Resources Ltd
Symbol SRS
Shares Issued 32,566,109
Close 2025-06-20 C$ 0.115
Market Cap C$ 3,745,103
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Sorrento starts soil, rock sampling at Lord Baron

2025-06-24 17:52 ET - News Release

Mr. Alex Bugden reports

SORRENTO RESOURCES ANNOUNCES COMMENCEMENT OF SOIL AND ROCK SAMPLING ON THE COPPER-GOLD LORD BARON PROJECT, NEWFOUNDLAND

Sorrento Resources Ltd. has begun a large-scale geochemical soil and rock sampling program on its Lord Baron property.

Highlights:

  • 1,075 proposed soil sample locations over four separate grids;
  • Largest soil sample program ever undertaken on the property;
  • Grids will cover many identified historical targets;
  • Grab samples will be collected over any identified mineralized zones while soil sampling;
  • Program will follow up and expand on 2024 soil sampling results.

Little Bay Head grid

The proposed Little Bay Head grid consists of 705 soil sampling locations at a spacing of 150 by 50 metres. It completely overlaps four historic soil sampling grids, one of which has an anomalous copper value of 17,700 parts per million. These historic surveys lacked inductively coupled plasma (ICP) assay data, and many did not have fire assay (gold) results. In addition, the historic soil sample locations were not recorded with modern GPS and thus current co-ordinates are based on georeferenced maps which leaves a degree of uncertainty. By carrying out this program, not only does the company cover a much larger area than was every historically sampled, it also will have accurate positional data along with an assay suite of 34 elements plus gold. Moreover, the survey covers several historical geophysical anomalies which were never followed up on. This will aid the company in planning future programs such as geophysics and diamond drilling.

The results of historic sampling completed on the project have not been verified by the company.

Clam Pond grid

The proposed Clam Pond grid consists of 127 proposed soil sample locations at a spacing of 200 by 100 m. The grid is an extension to the previously sampled September, 2024, grid which yielded both promising gold and copper results. The grid is also located approximately 1.5 kilometres north and along strike of the historic Little Deer and Whalesback mines. This area has seen little to no historic exploration and this program represents the second phase of a first pass program.

CSCJV-1 grid

The proposed CSCJV-1 grid consists of 154 soil sample locations at a spacing of 50 by 100 m. The grid overlaps the CSCJV-1 target, an area in which grab samples averaged 0.33 per cent copper over an area of 600 by 300 m. Soil sampling has never been carried out over this immediate area and will give the company another dataset to further evaluate the target.

Ferndale and Swatridge grid

The Ferndale and Swatridge grid consists of 89 soil sample locations at a spacing of 100 by 250 m. The grid covers the Ferndale mineral occurrence and is just to the east of the Swatridge mineral occurrence. In addition, it overlaps an east-west fault structure which locally has anomalous copper in historical stream sediment samples. This will be the first soil sampling program in the immediate area.

Rock sampling

In addition to the proposed soil sampling grids, rock sampling will also be undertaken. While soil sampling, if any mineralized outcrops or float boulders are identified, grab samples will be collected and sent for assay. Pictures, a GPS co-ordinate, structural data and a description of the outcrop/rock sample will also be recorded.

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 work force, several diamond drilling contractors, a National Instrument 43-101-compliant assay lab, and mining equipment and parts suppliers. In addition, it is adjacent to deepwater ports, industrial hydroelectric power supply and is in proximity to the Nugget Pond mill.

The project consists of 15 individual mineral licences made up of 256 individual claims for an area of 6,400 hectares. 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 kilometre than any other group of rocks in Newfoundland. The showings typically occur in an envelope of chlorite schist.

Management commentary

Alex Bugden, PGeo, chief executive officer, president and qualified person of Sorrento Resources, commented: "We are thrilled to begin this program and will be eagerly awaiting results. This program shows that Sorrento will put the money from the recent financing into exploration and move forward with its projects with the goal of unlocking value for shareholders. I firmly believe this program will generate targets for next phase geophysics programs and eventually diamond drilling in both new areas along with already identified target areas."

Change of directors

The company further announces the resignation of Brayden Sutton as a director of the company. The company wishes to thank Mr. Sutton for his contributions to the board and wishes him all the best in future endeavours.

Closing of Rodgers Cove project acquisition

Additionally, the company has closed the acquisition of the Rodgers Cove project, as announced on June 4, 2025. The company issued two million common shares of the company pursuant to the closing. The shares are subject to a statutory hold period of four months expiring on Oct. 14, 2025.

Qualified person

Alex Bugden, PGeo, 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 in including the Wing Pond, Lord Baron, the PEG lithium project and the Harmsworth (VMS (volcanogenic massive sulphide)) project all located in Newfoundland.

We seek Safe Harbor.

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