(TheNewswire)
Calgary , Alberta – TheNewswire - February 3,2022 : San Lorenzo GoldCorp . (" San Lorenzo " orthe " Company ") (TSXV:SLG) ( OTC:SNLGF) announces that it hassecured a diamond drill rig and has contracted Big Bear Drilling SPA(“Big Bear”) of La Serena, Chile to conduct the Company’splanned diamond drilling program on its large scale Copper – GoldPorphyry Salvadora Project (“Salvadora”). The Company announced in December2021 that it had received official notification of acceptance from theChilean National Geology and Mining Service (SERNAGEOMIN) to carry outdrilling at Salvadora which is located approximately 15 km from theworld class El Salvador copper-gold mine (Figure 2).
The upcoming drilling, anticipated to start in lateFebruary, will focus on the CMZ zone (Figure 1) which is approximatelyeight square kilometres of intense alteration coincident with highcopper in soils and a strong Induced Polarization (“IP”)chargeability anomaly. Drilling in 2018 intersected the edges of aporphyry copper-gold system that returned encouraging gradesof:
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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 programme
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 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 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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