San Lorenzo’S Latest Geophysical IP Survey Identifies Multiple Highly Prospective Anomolies FOR Upcoming Drill Program at Salvadora Property, Chile
SAN LORENZO’S LATEST GEOPHYSICAL IP SURVEY IDENTIFIES MULTIPLE HIGHLY
PROSPECTIVE ANOMOLIES FOR UPCOMING DRILL PROGRAM AT SALVADORA
PROPERTY, CHILE
CALGARY / August 06, 2025 / San Lorenzo Gold Corp. ("San Lorenzo" or the "Company") (TSXV:
SLG) is pleased to announce that results from the recently completed induced polarization (“IP”)
geophysical survey yielded multiple high-chargeability anomalies representing compelling drill
targets for a follow-up drill program on the Cerro Blanco and Arco de Oro targets within San
Lorenzo’s flagship Salvadora property in north-central Chile.
1. Cerro Blanco Drilling
Locations for the drilling of three follow-up holes on the Cerro Blanco target have been finalized
with a possible fourth location pending results of geological modelling which is currently
underway.
The maiden drilling program previously conducted on Cerro Blanco confirmed that Induced
Polarization (“IP”) chargeability data correlates well with areas of alteration and increased
sulphide content that host gold mineralization at Salvadora. This is borne out by the results of
the initial three-hole reconnaissance drill program. All three widely spaced holes in that maiden
drill program, targeting IP chargeability anomalies, reported good gold intercepts in porphyry
style alteration, including 153 metres grading 1.04 g/t gold in hole SAL-01-24 and 85.7 metres
grading 1.02 g/t gold in hole SAL-02-24. (see San Lorenzo news releases dated March 3 rd and
March 17th, 2025,)
The results of the latest IP program, completed in June 2025, yielded additional geophysical
anomalies, equal to or stronger in chargeability and resistivity than those encountered in the
initial IP program. The three upcoming diamond drill holes are planned to test the exciting new
IP anomalies described below.
Figure 1 below is a composite map of the Cerro Blanco target illustrating the location of San
Lorenzo’s historical and new IP lines. Strong chargeability anomalies on those lines are
highlighted in pink. Figure 1 shows the locations of the previously drilled three holes (red) and
shows the proposed locations soon to be drilled (yellow). It should be noted that the IP stations
shown are at 100-metre intervals and the IP lines are spaced 250 metres apart.
Figure 1 – Cerro Blanco IP Compilation
Figure 2 below is the recently obtained IP chargeability profile C5. It is located midway between
San Lorenzo’s previous two IP lines. Superimposed on the chargeability profile is an illustration
of the first follow-up hole to be drilled at Cerro Blanco. The illustration includes the collar
location, inclination and azimuth of the proposed hole noting that the final depth of the hole will
be determined during drilling.
Figure 2: IP Chargeability Profile C5
Figure 3 below is IP chargeability profile C2 over a western extension to the northernmost
previously existing IP line. Superimposed on the profile is an illustration of the second and third
follow-up holes to be drilled at Cerro Blanco shortly. The illustrations include collar locations,
inclinations and azimuths of the proposed holes with the final hole depths to be determined
during drilling.
Figure 3: IP Chargeability Profile C2
Commenting on the IP results shown above on lines C2 and C5, Terry Walker, San Lorenzo’s VP
of Exploration commented: “We are thrilled that the western extension to line C2 exhibits such a
wide anomaly. With SAL 03-24 having already penetrated the other anomaly 300 metres east of
our upcoming locations on line C2; having obtained significant gold intercepts from all holes
drilled at Cerro Blanco, we have increased confidence that exciting results will be returned from
these holes”.
Mr. Walker continued: “However, the anomaly visible on line C5 is particularly gratifying in that
it is the strongest anomaly we observed from our initial IP program which was located just south
of the break in the northernmost line; a break that we could not fill in due to topography. Drilling
on that line was a high priority, but access issues made drilling there difficult. Having its existence
reconfirmed with the very strong, in fact the strongest yet, anomaly on the middle IP line and the
fact that it is in an area where access is simpler means that we are now able to drill that feature.
We are excited to get drilling on Cerro Blanco soon”.
2. Arco De Oro Drilling
Following receipt of the new IP data in late May, San Lorenzo commenced an additional geo-
chem sampling program at Arco de Oro. The survey, completed on June 28, 2025, involved
regolith and rock sampling over a systematic grid that included taking 135 samples.
Drilling of several new holes at Arco de Oro is planned for the upcoming program. While
preliminary drill hole locations have been field checked for accessibility, San Lorenzo will
incorporate the surface sampling results into its exploration model before committing to final
drill locations at Arco de Oro.
San Lorenzo expects surface sample assays to be received shortly and looks forward to providing
further details regarding Arco de Oro drilling plans thereafter.
Credit Facility Increase
San Lorenzo is pleased to report that it has increased the availability of funds to conduct the
upcoming drill program at Salvadora via a second convertible credit facility which provides for
additional advances up to $1,000,000 (the “ Second Credit Facility ”), subject to the approval of
the TSX Venture Exchange. The Second Credit Facility will be provided by the same company that
provided the initial credit facility (the “ Initial Credit Facility ”) which is a company related to a
director of San Lorenzo (see San Lorenzo news release dated November 19, 2024).
Background: As a result of increased meterage having been drilled during the last drilling
campaign completed during February 2025 - together with more recent expenditures related to
follow-up IP and surface sampling at Salvadora and the payment of annual claim fees, the Initial
Credit Facility will not provide sufficient funds for the anticipated costs to complete the desired
drilling program at Salvadora. As at June 30, 2025, amounts advanced by the related company
exceeded the $1,000,000 amount authorized under the Initial Credit Facility (which has been
converted into a term note). While San Lorenzo currently has sufficient funds on hand to repay
those excess advances from the proceeds of the warrants exercised during March 2025, San
Lorenzo would not then have sufficient funds to complete the upcoming drilling program. Hence,
the amounts advanced by the related company that are in excess of $1,000,000 have not been
repaid. The board of directors of San Lorenzo have unanimously determined that the
implementation of the Second Credit Facility, that has a conversion price equal to 150% of San
Lorenzo’s recent trading price, is more beneficial to stakeholders than completing a private
placement at a discount to the recent trading price. No warrants will be granted in respect of
the Second Credit Facility.
Details: The Second Credit Facility provides that advances can be drawn by San Lorenzo up to
$1,000,000. Once drawn, advances under the Second Credit Facility will be converted into a term
loan maturing on July 31, 2027. The Second Credit Facility bears interest at a rate of 8% and is
converƟble at the op Ɵon of the lender into common shares of the Company at a price of $0.35
per common share unƟl maturity. If converted, the lender has agreed to a contractual hold period
such that the share cerƟficate represenƟng the common shares will bear a legend restricƟng the
trading of such shares for a period of 1 year from the date of their issuance.
MI 61-101 ConsideraƟons: As a company related to an insider of the Company is parƟcipaƟng in
this transacƟon, it is deemed to be a “related party transac Ɵon” as defined under Mul Ɵlateral
Instrument 61-101-ProtecƟon of Minority Security Holders in Special TransacƟons (“MI 61-101”).
Neither the Company, nor to the knowledge of the Company a Ōer reasonable inquiry, a related
party has had knowledge of any material informa Ɵon concerning the Company or its securi Ɵes
that has not been generally disclosed. The Second Credit Facility is exempt from the formal
valuaƟon and minority shareholder approval requirements of MI 61-101 (pursuant to subsecƟons
5.5(c) and 5.7(1)(b)) as it was a distribuƟon of securiƟes for cash and neither the fair market value
of the Second Credit Facility, nor the considera Ɵon received from related parƟes, will exceed
$2,500,000. The Second Credit Facility was unanimously approved by the board of directors of
the Company, excluding the director who is related to the company providing the Second Credit
Facility, who abstained from vo Ɵng. Tailwind Capital Neo Fund Ltd., the related company,
currently holds 50,000 common shares of San Lorenzo and holds no opƟons. Conversion of the
IniƟal Credit Facility and the Second Credit Facility, if fully drawn to the maximum permiƩed
amount, would result in the issuance of 7,857,143 common shares which would represent 9.00
percent of the then issued common shares of San Lorenzo.
Qualified Person
Terence Walker, a qualified person for purposes of NaƟonal Instrument 43-101, has reviewed and
approved of the contents of this news release.
About San Lorenzo
San Lorenzo is focused on advancing its flagship Salvadora property located in Chile’s mega-
porphyry belt. Results obtained from prior drilling programs conducted on 4 different targets
have convinced management that several significant gold and copper enriched epithermal and
porphyry style systems are contained within the Salvadora property.
For further informaƟon, please contact:
Terence (Terry) Walker, VP ExploraƟon Al Kroontje
Email: [email protected] Email: [email protected]
Ph: + 56 9 5179 5902 Ph: +1 403 607 4009
Or:
Roger Blair or Jeff Wilson, Acuity Advisory Corp.
Email: [email protected]
Ph: +1 604 351 0025 or +1 604 837 5440
Neither the TSX Venture Exchange nor its RegulaƟon Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
CauƟonary Note Regarding Forward-Looking InformaƟon
This news release may contain forward-looking informaƟon that involves substanƟal known and
unknown risks and uncertainƟes, most of which are beyond the control of San Lorenzo including
statements related to IP data, its interpretaƟon, geological programs based on IP results or based
on geological interpretaƟons generally; the Ɵming and plans for the exploraƟon including drilling;
and the obtaining of regulatory approval of the Second Credit Facility. All statements included
herein other than statements of historical fact are forward- looking informaƟon. Such forward -
looking informaƟon involves various risks and uncertainƟes. There can be no assurance that such
informaƟon will prove to be accurate, and actual results and future events could differ materially
from those anƟcipated in such informaƟon. Any forward-looking statements are made as of the
date of this news release and, other than as required by applicable securi Ɵes laws, San Lorenzo
does not assume any obligaƟon to update or revise them to reflect new events or circumstances.