(TheNewswire)
Calgary , Alberta - TheNewswire - September 20,2021 - San Lorenzo GoldCorp . (" San Lorenzo " orthe " Company ") (TSVX:SLG) announces thatgrab sampling returned up to 33.5 g/t gold and 2.1% copper from itsfirst phase, reconnaissance exploration programme on its 100% owned 2,000 hectare Punta Altacopper – gold property located in the historic Carrizal Alto copper-gold-cobalt miningcamp in central Chile (Figure 2) .
Highlights from First PhaseProgramme
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- Gold grades of up to 33.5 g/t;
- Copper grades up to 2.1%;
- High grade samples are from three northweststructural trends 300 to 800 metres wide;
- Structural trends and additional areas of interestwill be sampled and mapped in a second phase to begin shortly
San Lorenzo’s programme consisted of mapping andsampling including 34 rock samples and 91 sediment samples. Results arepending for the sediment samples. This was the first programmeconducted by San Lorenzo and covered some of the key areas on theProperty including known vein systems which have an approximatecumulative strike length of at least six kilometres. Figure 1 showsthe results of the recent rock sampling, the geology and themineralized trends.
Figure 1 – First Phase Sampling - Punta AltaProperty
Punta Alta Copper PropertyHighlights
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- Potential to host relateddeposit types,
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- Copper-gold-silver-cobalt - disseminated andsemi-massive sulphide veins;
- Porphyry style copper - gold,
- Same regional geological and structural setting asthe historic Carrizal Alto and Cobaltera miningcamps that operated for over 100 years;
- Occurs within the southern Copiapó - Ovalle sectorof the Chilean Coastal Iron Oxide Copper Gold (IOCG)/ Cretaceous Porphyry Copper-Gold Metallogenic Belt
- Copiapó - Ovalle sector is host to several prominentdeposits*:
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- Candelaria – IOCG, open pit, multi billion poundcopper and gold mine
- Andacollo – porphyry, open pit mine, 5.6 billionpounds copper and 8.2 million ounces gold
- Carrizal Alto – IOGC, 562 million pounds copper,1.8 million ounces gold and 46 million pounds of cobalt;
- The principle five known vein systems on the Propertyhave a cumulative strike length of at least sixkilometres (approximate) indicated by old surface workings;
100% owned, no NSR or third party commitments.
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Figure 2 – Punta Alta Property Location
* Readers are cautioned thatmineral deposits and production results are historical in nature andare not indicative of mineral deposits on the Company's property orany potential exploitation thereof.
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 itsCanadian 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 epithermal gold property,and Punta Alta is an IOCG type disseminated and vein stylecopper-gold-silver-cobalt and porphyry copper- gold property.
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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