(TheNewswire)
Calgary, Alberta – TheNewswire- August 3, 2023 – San Lorenzo Gold Corp. (TSXV:SLG) (“ SanLorenzo ”) is pleased to announce completion ofthe additional drilling on the Caballo Muerto Zone of its flagshipSalvadora property in Chile.
The drilling program was designed to expand upon thediscovery hole that was drilled during San Lorenzo’s 2022 drillingprogram. That hole, SAL 03-22, encountered significant porphyrystyle mineralization returning grades of 1.44 g/t gold over 112meters.
This program involved the drilling of 4 holes totaling1414.4 meters of drilling – all of which offset the SAL 03-22discovery hole.
Figure 1 below provides thelocations and directions of the holes drilled:
Terry Walker, San Lorenzo’s VP Exploration stated:“We are pleased to report that significant mineralization and thesame style of alteration as in SAL-03-22 was encountered in each hole. We are excited to receive the assay results from these in the nearfuture and plan to follow up with much larger and systematic drillingprograms to define the gold- copper resources within the CMZ and thefive other porphyry copper-gold and related high-grade epithermalgold-silver-copper zones.
Gordon Aldcorn, San Lorenzo’s VP CorporateDevelopment commented” “Our Salvador property, that totals 8,969ha’s and is on trend and just 15km from the El Salvador mine (thathas been in production for over 60 years), is endowed with a number ofmineralized zones of merit. The Arco de Oro and the Tres Amigosepithermal systems have exhibited favorable drill results to date,while the Caballo Muerto zone currently being drilled is just one ofseveral copper-gold rich porphyry style alteration zones on theproperty that merit further exploration. As our limited drillprogram generates further data we will continueto seek opportunities to further our objective to uncover our targetporphyry objective while also exploring means of monetizing the otherzones of merit on the Salvadora property.”
Samples have been shipped to ALS Laboratories in LaSerena for preparation and from there the sample pulps will be shippedto Lima, Peru for analysis. Results are expected to take 3-4 weeksand will be released as assay results become available.
About San Lorenzo Gold Corp.
San Lorenzo Gold is in the business of exploring forand advancing mineral properties. San Lorenzo 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 prospect. Punta Alta is a IOCG prospect with related disseminated and veinstyle high grade copper-gold-silver-cobalt mineralization.
For further information on the Corporation, readers arereferred to the Corporation’s website at www.sanlorenzogold.com and its Canadian regulatory filings on SEDAR at www.sedar.com .
For further information concerning this press release,please contact:
Gordon Aldcorn
V.P. Corporate Development
Email: galdcorn@sanlorenzogold.ca
Phone: +1 587-430-0333
Or:
Terry Walker M.Sc.
VP Exploration
Email: twalker@goldenrock.cl
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 than statementsof historical fact, including statements pertaining to the drillingprogram, are forward-looking information. Such forward-lookinginformation involves various risks and uncertainties. There can beno 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 by applicable securities laws,San Lorenzo does not assume any obligation to update or revise them toreflect new events or circumstances.
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