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Hole # | Sector | Intercept | From(m) | To (m) | Width (m) | Cu % | Au g/t | Ag g/t | Cu% Eqv | Au g/t Eqv |
SAL-03-22 | CMZ | A | 171.0 | 197.0 | 26.0 | 0.15 | 0.13 | 0.4 | 0.24 | 0.34 |
B | 233.0 | 515.3 | 282.3 | 0.10 | 0.66 | 0.6 | 0.57 | 0.81 | ||
including | 308.0 | 420.0 | 112.0 | 0.14 | 1.44 | 0.8 | 1.17 | 1.67 | ||
356.0 | 392.0 | 36.0 | 0.27 | 3.7 | 1.1 | 2.91 | 4.15 |
The 2022 Phase 3 program was designed to offset Hole 6 of the 2018 program that provided indications of the existence of a copper-gold porphyry system. The objective was to explore for a higher-grade core to the system. San Lorenzo is extremely pleased to announce that Hole 3 of the 2022 program, a direct north-west offset to Hole 6 of the 2018 program, did encounter the significantly higher grades and widths in porphyry style alteration and mineralization that were hoped for.
Figure 1 below provides the locations of Hole 6 of the 2018 drill program and Hole 3 of the 2022 drill program. The porphyry copper-gold system discovered in Hole 3 is open both to the north, the north-west and west and is also open at depth.
Figure 1
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1)source:Corporación Nacional del Cobre de
Commenting on next steps,
Figure 2 below highlights the principal alteration zones with associated strong surface copper geochemical and IP/Resistivity anomalies identified to date at Salvadora which formed the basis for the current and prior drilling programs resulting in discovery Hole 03-22 at CMZ.
Figure 2
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Figure 3 below shows the Salvadora property, CMZ location and similar structural setting to the
Figure 3
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by
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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.
For further information concerning this press release, please contact:
V.P. Corporate Development
Email: galdcorn@sanlorenzogold.ca
Phone: 587-430-0333
Or:
VP Exploration
Email:twalker@goldenrock.cl
Or:
Al Kroontje
Email: al@slgold.ca
Neither the
Not for distribution to
Cautionary Note Regarding Forward-Lookng 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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