Earlier on this week on September 29 Sentinel Resources Corp (OTCMKTS:SNLRF) made an important announcement along with its joint venture partner Hub City Minerals Corp.
The company announced that they had been successful in completing a swab test and multi-perforation on a vertical wellbore that is located at the Subsurface Crown Mineral Dispositions, which is owned by Hub City Minerals Corp. More importantly, the results from the test were also largely positive. The company noted that the testing process revealed that there was lithium concentrates of up to 96.2 mg/L and that was higher than the original target of 74.6 mg/L that had been set by the company.
The Chief Executive Officer of Sentinel Resources Corp, Rob Gamley, spoke about the development as well. He stated that everyone at the company was pleased with the results with regards to the lithium concentrates in the brine sampling.
However, he went on to indicate that there was still some work to be done and in the next step of the process, Sentinel is going to start high volume flow testing. While the news was of a positive nature, the Sentinel stock actually fell by 2% on Thursday and it will be interesting to see if it can recover today.
