(TheNewswire)
CALGARY, ALBERTA – TheNewswire- October 5, 2022 – SanLorenzo Gold Corp. (“ SanLorenzo ” or the “ Corporation ”) (TSXV:SLG), (OTC:SNLGF) ispleased to provide assay results from the three(3) holes targeting the ‘Arco de Oro’ zone of its SalvadoraCopper-Gold-Silver property in Chile (please see San Lorenzo pressrelease dated June 15, 2022). Results from the holes drilled intothe Cabello Muerto porphyry target are expected to be released inapproximately 1 week.
All three of the new holes targeting the Arco de Oro(“ADO”) zone cut copper-gold-silver mineralization, includinglocally free gold, across the Feliz Retiro and Arco Primero epithermalvein systems (see Table 1). As a result, gold-silver-coppermineralization has been confirmed over a strike length of 1 kilometerand vertical depth of over 300m in the Feliz Retiro system. Bothsystems are open to the NW and SE and at depth and can be identifiedby shallow artisanal mining over a strike length of over 3kilometers.
Table 1 (2022 Results)
Hole # | Sector | Intercept | From(m) | To(m) | Width(m) | Cu % | Au g/t | Ag g/t |
SAL-04-22 | Feliz Retiro | A | 26.0 | 31.0 | 5.0 | 0.05 | 0.16 | 3.1 |
B | 231.0 | 243.0 | 12.0 | 0.18 | 0.71 | 2.7 | ||
C | 267.0 | 289.0 | 22.0 | 0.54 | 0.21 | 0.8 | ||
D | 329.0 | 351.5 | 22.5 | 0.18 | 4.74 | 3.6 | ||
including | 333.0 | 339.5 | 6.5 | 0.39 | 16.27 | 9.9 | ||
including | 335.5 | 337.0 | 1.5 | 0.38 | 58.18 | 15.7 | ||
E | 369.0 | 400.0 | 31.0 | 0.12 | 0.11 | 0.8 | ||
SAL-07-22 | Feliz Retiro | A | 4.0 | 14.0 | 10.0 | 0.05 | 0.51 | 1.2 |
B | 22.0 | 30.0 | 8.0 | 0.05 | 0.16 | 0.4 | ||
C | 100.0 | 114.7 | 14.7 | 0.08 | 2.52 | 3.5 | ||
including | 100.0 | 103.0 | 3.0 | 0.24 | 11.69 | 11.6 | ||
D | 123.0 | 127.5 | 4.5 | 0.16 | 0.05 | 0.7 | ||
E | 147.0 | 162.3 | 15.3 | 0.15 | 0.10 | 1.1 | ||
SAL-09-22 | Arco Primero | A | 76.8 | 78.0 | 1.3 | 0.09 | 0.81 | 2.5 |
B | 97.0 | 99.0 | 2.0 | 0.47 | 9.95 | 12.9 | ||
C | 219.0 | 231.0 | 12.0 | 0.04 | 0.09 | 0.6 | ||
D | 313.0 | 321.0 | 8.0 | 0.03 | 0.01 | 0.4 |
Previously holes completed in 2016 and 2018 by SanLorenzo in the Feliz Retiro system also cut significant gold andcopper grades in the upper oxide zone – see Table 2.
Table 2 (2016 and 2018 Results)
SAL-04-16 | Feliz Retiro | A | 109.0 | 116.0 | 7.0 | 0.26 | 4.55 | 7.5 |
including | 112.8 | 114.0 | 1.2 | 0.32 | 18.2 | 24.6 | ||
SAL-04-18 | Feliz Retiro | A | 70.0 | 82.0 | 12.0 | 0.27 | 1.74 | 2.9 |
including | 71.0 | 75.0 | 4.0 | 0.57 | 6.84 | 6.0 |
Figure 1 - Salvadora ADO drill hole locations (2022drill holes in Red).
The Feliz Retiro and Arco Primero epithermal veinsystems are located within the 500-700m wide, 3 km long open-ended ADOzone. Their mineralogy and the wall rock alteration in the deeperholes 04-22 and 07-22 suggests that they may be related to anunderlying copper-gold porphyry system indicated by a large underlyingIP/Resistivity anomaly.
Commenting on the Arco de Oro assay results, TerenceWalker, San Lorenzo’s VP Exploration stated: “ The 3 rd Phase drill program on the Arco de Orozone of the Salvadora property yielded excellent results in theepithermal vein systems, making it a valued asset of San Lorenzo byitself. Of further importance, the drill results provide strongevidence in the form of metallic minerals present, associatedhydrothermal alteration and host rock type to support the presence ofa copper-gold porphyry system with the ADO zone.”
Additional Pending Results
The 2022 drilling program also included drilling in theCaballo Muerto Zone (“CMZ”). The CMZ is one of four porphyryCu-Au-Mo style alteration zones identified by geological mapping, soil and rock geochemical surveys and the 4 InducedPolarization (“IP”) surveys San Lorenzo has conducted to date –those results are pending and will be released shortly
Figure 2 – Salvadora Property Drill locations (2022drill holes in Red)
The Salvadora Property is located 15km to the SW of theEl Salvador Porphyry Cluster and Copper Mine on the same metallogenicbelt and the exploration program to date exhibits several similarcharacteristics. The El Salvador mine has been in operation since1959 and recently broke ground on a $1.4B expansion to extendproduction to 2064.
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 andits Canadian regulatory filings on SEDAR at www.sedar.com .
About San Lorenzo Gold Corp.
San Lorenzo Gold is a mining exploration company withmultiple project properties in Chile. The Corporation is currentlyfocused on the 100% owned Salvadora exploring for large scalecopper-gold porphyry targets and associated high-grade epithermalgold-silver-copper vein systems. The 100% owned Nancagua property isa high grade mesothermal gold-silver prospect and 100% owned PuntaAlta property is a 100% owned copper–gold porphyry prospect withrelated disseminated and vein style copper-gold-silver-cobaltmineralization.
For further information, please contact:
Gordon Aldcorn
Email: gord@slgold.ca
+1 (403) 618-6507
Or:
Terry Walker, VP Exploration
Email: twalker@goldenrock.cl
+56 9 8129 2207
Or:
Al Kroontje
Email: al@slgold.ca
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, may include forward-looking information. Suchforward-looking information involves various risks anduncertainties. There can be no assurance that such information willprove to be accurate, and actual results and future events coulddiffer materially from those anticipated in such information. Anyforward-looking statements are made as of the date of this releaseand, other than as required by applicable securities laws, San Lorenzodoes not assume any obligation to update or revise them to reflect newevents or circumstances.
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