San Lorenzo Begins Diamond Drill Pad Construction and Expands IP Anomaly at Main Zone ON Its 100% Owned Large Scale Copper- GOLD Porphyry Salvadora Project, Chile
SAN LORENZO BEGINS DIAMOND DRILL PAD CONSTRUCTION AND EXPANDS
IP ANOMALY AT MAIN ZONE ON ITS 100% OWNED LARGE SCALE COPPER-
GOLD PORPHYRY SALVADORA PROJECT, CHILE
Calgary, Alberta, February 15, 2022: San Lorenzo Gold Corp. (" San Lorenzo " or the
"Company") (TSXV – SLG, OTCQB - SNLGF) announces that it has begun diamond drill pad
construction for its upcoming diamond drill program and has expanded the Induced Polarization
(“IP”) chargeability anomaly on its large scale Copper – Gold Porphyry Salvadora Project
(“Salvadora”) (Figure 2). With all necessary government approvals in place, a diamond drill
contractor retained and drill pad construction underway diamond drilling will commence at the
end of February and will focus on the CMZ zone (Figure 1).
In 2021, San Lorenzo initiated an IP survey that extended existing survey lines and covered
untested portions of the Property. The survey was successful in expanding the strong annular
chargeability anomaly at CMZ to approximately six square kilometres and delineated a new
chargeability anomaly at the CAZ zone. The CMZ zone (Figure 1) is approximately eight square
kilometres of intense alteration coincident with high copper in soils and the strong Induced
Polarization (“IP”) chargeability anomaly. Drilling in 2018 on the CMZ zone intersected the
edges of a porphyry copper-gold system with encouraging grades of:
154 metres of 0.28% copper and 0.08 g/t gold
35 metres of 0.28% copper and 0.11 g/t gold.
Figure 1 – Salvadora Project – CMZ is focus of upcoming drill program
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Figure 2 – Salvadora Project in proximity to world class El Salvador copper-gold mine
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by Terence Walker, M.Sc., P.Geo., who is a "qualified person" within the meaning of
National Instrument 43-101.
For further information on the Company, readers are referred to the Company’s website at
www.sanlorenzogold.com and its Canadian regulatory filings on SEDAR at www.sedar.com.
About San Lorenzo Gold Corp.
San Lorenzo Gold is in the business of exploring for and advancing mineral properties. The
Company currently has three 100% owned properties in Chile: Salvadora, Nancagua and Punta
Alta. The Salvadora property is being explored for large scale copper-gold porphyry targets and
high grade epithermal gold-silver-copper vein systems, Nancagua is a high grade mesothermal
gold-silver property and Punta Alta is a copper – gold porphyry property with related
disseminated and vein style copper-gold-silver-cobalt mineralization.
For further information, please contact: Ken Booth
Email: [email protected]
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
Not for distribution to United States newswire services or for release, publication, distribution or
dissemination directly, or indirectly, in whole or in part, in or into the United States
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, are forward-looking information and such 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.