(TheNewswire)
Calgary , Alberta – TheNewswire - October 27,2021 : San Lorenzo GoldCorp . (" San Lorenzo " orthe " Company ")( tsxv:slg ) announces that is has commenced the permitting process for a diamond drillprogramme on its 100% owned Salvadora Copper –Gold Project (“Salvadora”) located in Chile. The planneddrilling at Salvadora will follow up on two previous limited diamonddrill programmes conducted by the Company in 2016 and 2018 totalling13 holes and 2,727 metres.
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- Previous drilling in the porphyry style alterationzones returned 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 ;
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Figure 1 – Salvadora Project
The Company also announces that is has granted 500,000stock options to advisors to acquire San Lorenzo common shares at$0.12 per common share for two years.
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 Companycurrently has three 100% owned properties in Chile: Salvadora,Nancagua and Punta Alta. The Salvadora property is being exploredfor large scale copper-gold porphyry targets, Nancagua is a high grademesothermal gold property and Punta Alta is a copper – gold porphyryproperty with related disseminated and vein stylecopper-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.
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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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