(TheNewswire)
Calgary , Alberta - TheNewswire - February 15,2022 - San Lorenzo GoldCorp . (" San Lorenzo " orthe " Company ")( tsxv :slg ) ( OTC :snlgf ) announces that it has begun diamond drillpad constructionfor its upcoming diamond drill program and has expanded the InducedPolarization (“IP”) chargeability anomaly on its large scaleCopper – Gold Porphyry Salvadora Project (“Salvadora”) (Figure2). With all necessary government approvals in place, a diamond drillcontractor retained and drill pad construction underway diamonddrilling will commence at the end of February and will focus on theCMZ zone (Figure 1).
In 2021, San Lorenzo initiated an IP survey thatextended existing survey lines and covered untested portions of theProperty. The survey was successful in expanding the strong annularchargeability anomaly at CMZ to approximately six square kilometresand delineated a new chargeability anomaly at the CAZ zone. The CMZzone (Figure 1) is approximately eight square kilometres of intensealteration coincident with high copper in soils and the strong InducedPolarization (“IP”) chargeability anomaly. Drilling in 2018 onthe CMZ zone intersected the edges of a porphyry copper-gold systemwith encouraging grades of:
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154 metres of 0.28% copper and 0.08g/t gold
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35 metres of 0.28% copper and 0.11g/t gold
Figure 1 – Salvadora Project – CMZ is focus ofupcoming drill program
Figure 2 – Salvadora Project in proximity to worldclass El Salvador copper-gold mine
Qualified Person
The scientific and technical information contained inthis news release has been reviewed and approved by Terence Walker,M.Sc., P.Geo., who is a "qualified person" within themeaning of National Instrument 43-101.
For further information on the Company, readers arereferred to the Company’s website at www.sanlorenzogold.com and itsCanadian regulatory filings on SEDAR at www.sedar.com .
About San Lorenzo Gold Corp.
San Lorenzo Gold is in the business of exploring forand advancing mineral properties. The Company currently has three100% owned properties in Chile: Salvadora, Nancagua and Punta Alta. The Salvadora property is being explored for large scale copper-goldporphyry targets and high grade epithermal gold-silver-copper veinsystems, Nancagua is a high grade mesothermal gold-silver property andPunta Alta is a copper – gold porphyry property with relateddisseminated and vein style copper-gold-silver-cobalt mineralization.
For further information, please contact:
Ken Booth
Email: kbooth@sanlorenzogold.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.
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Cautionary Note RegardingForward-Looking Information
This press release may containforward-looking information that involves substantial known andunknown risks and uncertainties, most of which are beyond the controlof San Lorenzo. All statements included herein, other thanstatements of historical fact, are forward-looking information andsuch information involves various risks and uncertainties. There canbe no assurance that such information will prove to be accurate, andactual results and future events could differ materially from thoseanticipated in such information. Any forward-looking statements aremade as of the date of this release and, other than as required byapplicable securities laws, San Lorenzo does not assume any obligationto update or revise them to reflect new events orcircumstances.
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