(via TheNewswire)
The 10-hole program involved 4,091 meters of diamond drilling. All 10 of the new holes cut copper-gold-silver +/- molybdenum mineralization.
The 100% owned Salvadora property encompasses 8,796 ha. A significant expansion to the previous Induced Polarity (“IP”) program was carried out by San Lorenzo just before the recent drilling program commenced. The IP surveys conducted to date outline at least four zones of interest on the Salvadora property. Two of those zones were the subject of the recent drilling program - the
The significant mineralization encountered in all the 10 holes drilled is very encouraging as it demonstrates to management of San Lorenzo that IP surveys are a viable tool in identifying mineralized alteration systems at Salvadora.
Seven (7) holes were drilled on the CMZ in the recent drilling program. Each hole cut visible porphyry style alterationwith gold- copper- silver and molybdenum mineralization covering an area of 2+ square kilometers and vertical depth of over 500m. IP surveys to date over the CMZ indicate that the alteration/mineralization zone is open to the northwest of the recent drilling area and remains open at depth.
Three (3) holes were drilled on the ADO in the recent drilling program. Each cut visible mineralization within epithermal vein systems. Including one hole drilled in 2016 and one hole drilled in 2019, a total of 5 holes have now cut a gold-silver-copper mineralized epithermal vein system over a strike length of 1 kilometer and to a vertical depth of over 300m. The system is open to the NW, SE and at depth and can be identified by shallow artisanal mining over a strike length of over 3 kilometers.
The remaining two anomalous areas of interest: the
Regarding the recently completed drilling program,
San Lorenzo has been advised that assay results are forthcoming whereafter they will be communicated to shareholders via subsequent news release(s) anticipated to be within the next few weeks.
Grant of Options
The Corporation announces the grant of 350,000 options (“Options”) pursuant to its existing rolling stock option plan. The Options will be granted to an incoming officer of the Corporation at a price of
For further information on the Corporation, readers are referred to the Corporation’s website atwww.sanlorenzogold.comand its Canadian regulatory filings on SEDAR atwww.sedar.com.
About
For further information, please contact:
V.P. Corporate Development
Email:gord@slgold.ca
Phone: 587-430-0333
Or:
VP Exploration
Email:twalker@goldenrock.cl
Or:
Al Kroontje
Chairman
Email: al@slgold.ca
Neither the
Not for distribution to
Cautionary Note Regarding Forward-Looking Information
This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of San Lorenzo. All statements included herein other than statements of historical fact, including statements pertaining to the drilling program, are forward-looking information. Such forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Any forward-looking statements are made 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 to reflect new events or circumstances.
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