(TheNewswire)
Calgary , Alberta – TheNewswire - September 8, 2021- San Lorenzo Gold Corp .(" San Lorenzo " or the " Company ") ( tsxv - slg ) announces that a key phase ofexploration has commenced on its 100% ownedSalvadora Copper – Gold Project (“Salvadora”) located in Chile. The Company is conducting an Induced Polarization (“IP”) surveyconsisting of approximately 86 line kilometres and will follow up onpositive results from previous limited IP surveys conducted by theCompany. The 100% owned Salvadora Project is 8,796 hectares and isgeologically situated in one of the productive copper belts in Chileand is approximately 15 km from the world class El Salvador open pitcopper-gold mine (see Figure 2).
The IP survey will initially cover the central portion(“CMZ Zone”) of the Property which hosts favourable porphyry stylemineralization and phyllic to potassic alteration containingdisseminated and vein hosted copper mineralization identified bysurface sampling and limited diamond drilling (see Figure 1).
Figure 1 – Salvadora Property – 86 km of new IPlines (purple)
IP is a key survey for identifying porphyry stylecopper mineralization and results from the IP survey combined withdata from the Company’s recently completed Magnetometer survey (seeNews Release dated July 22, 2021) will be used to prioritize diamonddrill targets in a large diamond drill programme on what is one ofChile’s most prospective large scale copper – gold porphyrysystems.
Salvadora Copper – Gold ProjectHighlights
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- Potential to discover large bulk mineable copper –gold porphyry
- 15 km from world class billion + tonne El Salvadorcopper – gold porphyry mine
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- Recently announced US$1.4 billion expansion toincrease annual copper production to 200 million pounds
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- Geologically very similar to El Salvador mineincluding:
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- Style of mineralization;
- Alteration;
- Favourable copper bearing rocks are similarage;
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- Project has not been fully and systematicallyexplored leaving potential untapped;
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- Limited diamond drilling;
- Magnetometer survey recently completed;
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- Drilling in the porphyry style alteration zones hasreturned encouraging copper – gold grades;
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- 156 metres of 0.28% copper and 0.08g/t gold
- 35 metres of 0.28% copper and 0.11g/t gold ;
- Additional upside from twoextensive epithermal vein systems ;
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- Outcrop and underground sampling returned:
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- 5.1 - 154.5 g/t gold, 1.3 - 61.8g/t silver and 0.16 - 1.75%copper over 1.5–2.1metres ;
- Historically reported small scale, undergroundproduction to 240 metres:
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- 4.5 – 195 g/t gold, 20 – 356 g/t silver ,1.4 –23.6% copper over 0.5 -3.0 metres
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- Located at relatively low elevation and readilyaccessible year round.
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Figure 2 – Salvadora Project
The Company also announces that John Aihoshi, CFO hasbeen appointed Corporate Secretary.
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 its Canadian 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, Nancagua is a high grade mesothermal gold propertyand Punta Alta is a copper – gold porphyry property with relateddisseminated and vein style copper-gold-silver-cobalt mineralization.
For further information, please contact: KenBooth
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.
Not for distribution to UnitedStates newswire services or for release, publication, distribution ordissemination directly, or indirectly, in whole or in part, in or intothe United States
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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