San Lorenzo Provides Drilling Program Results from the Arco de Oro Zone IN Chile
SAN LORENZO PROVIDES DRILLING PROGRAM RESULTS FROM THE ARCO DE
ORO ZONE IN CHILE
CALGARY, ALBERTA, October 5, 2022 – San Lorenzo Gold Corp. (“ San Lorenzo ” or the
“Corporation”) (TSXV – SLG, OTCQB - SNLGF) is pleased to provide assay results from the
three (3) holes targeting the ‘Arco de Oro’ zone of its Salvadora Copper-Gold-Silver property in
Chile (please see San Lorenzo press release dated June 15, 2022). Results from the holes drilled
into the Cabello Muerto porphyry target are expected to be released in approximately 1 week.
All three of the new holes targeting the Arco de Oro (“ADO”) zone cut copper-gold-silver
mineralization, including locally free gold, across the Feliz Retiro and Arco Primero epithermal
vein systems (see Table 1). As a result, gold-silver-copper mineralization has been confirmed
over a strike length of 1 kilometer and vertical depth of over 300m in the Feliz Retiro system.
Both systems are open to the NW and SE and at depth and can be identified by shallow
artisanal mining over a strike length of over 3 kilometers.
Table 1 (2022 Results)
Hole # Sector Intercept From(m) To(m) Width(m) Cu % Au g/t Ag g/t
SAL-04-22 Feliz
Retiro
A 26.0 31.0 5.0 0.05 0.16 3.1
B 231.0 243.0 12.0 0.18 0.71 2.7
C 267.0 289.0 22.0 0.54 0.21 0.8
D 329.0 351.5 22.5 0.18 4.74 3.6
including 333.0 339.5 6.5 0.39 16.27 9.9
including 335.5 337.0 1.5 0.38 58.18 15.7
E 369.0 400.0 31.0 0.12 0.11 0.8
SAL-07-22 Feliz
Retiro
A 4.0 14.0 10.0 0.05 0.51 1.2
B 22.0 30.0 8.0 0.05 0.16 0.4
C 100.0 114.7 14.7 0.08 2.52 3.5
including 100.0 103.0 3.0 0.24 11.69 11.6
D 123.0 127.5 4.5 0.16 0.05 0.7
E 147.0 162.3 15.3 0.15 0.10 1.1
SAL-09-22 Arco
Primero
A 76.8 78.0 1.3 0.09 0.81 2.5
B 97.0 99.0 2.0 0.47 9.95 12.9
C 219.0 231.0 12.0 0.04 0.09 0.6
D 313.0 321.0 8.0 0.03 0.01 0.4
Previously holes completed in 2016 and 2018 by San Lorenzo in the Feliz Retiro system also
cut significant gold and copper grades in the upper oxide zone – see Table 2.
Table 2 (2016 and 2018 Results)
SAL-04-
16 Feliz Retiro A 109.0 116.0 7.0 0.26 4.55 7.5
including 112.8 114.0 1.2 0.32 18.2 24.6
SAL-04-
18 Feliz Retiro A 70.0 82.0 12.0 0.27 1.74 2.9
including 71.0 75.0 4.0 0.57 6.84 6.0
Figure 1 - Salvadora ADO drill hole locations (2022 drill holes in Red).
The Feliz Retiro and Arco Primero epithermal vein systems are located within the 500-700m
wide, 3 km long open-ended ADO zone. Their mineralogy and the wall rock alteration in the
deeper holes 04-22 and 07-22 suggests that they may be related to an underlying copper-gold
porphyry system indicated by a large underlying IP/Resistivity anomaly.
Commenting on the Arco de Oro assay results, Terence Walker, San Lorenzo’s VP Exploration
stated: “The 3rd Phase drill program on the Arco de Oro zone of the Salvadora property yielded
excellent results in the epithermal vein systems, making it a valued asset of San Lorenzo by
itself. Of further importance, the drill results provide strong evidence in the form of metallic
minerals present, associated hydrothermal alteration and host rock type to support the presence
of a copper-gold porphyry system with the ADO zone.”
Additional Pending Results
The 2022 drilling program also included drilling in the Caballo Muerto Zone (“CMZ”). The CMZ
is one of four porphyry Cu-Au-Mo style alteration zones identified by geological mapping, soil
and rock geochemical surveys and the 4 Induced Polarization (“IP”) surveys San Lorenzo has
conducted to date – those results are pending and will be released shortly
Figure 2 – Salvadora Property Drill locations (2022 drill holes in Red)
The Salvadora Property is located 15km to the SW of the El Salvador Porphyry Cluster and
Copper Mine on the same metallogenic belt and the exploration program to date exhibits
several similar characteristics. The El Salvador mine has been in operation since 1959 and
recently broke ground on a $1.4B expansion to extend production to 2064.
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 a mining exploration company with multiple project properties in Chile. The
Corporation is currently focused on the 100% owned Salvadora exploring for large scale copper-
gold porphyry targets and associated high-grade epithermal gold-silver-copper vein systems. The
100% owned Nancagua property is a high grade mesothermal gold-silver prospect and 100%
owned Punta Alta property is a 100% owned copper–gold porphyry prospect with related
disseminated and vein style copper-gold-silver-cobalt mineralization.
For further information, please contact:
Gordon Aldcorn
Email: [email protected]
+1 (403) 618-6507
Or:
Terry Walker, VP Exploration
Email: [email protected]
+56 9 8129 2207
Or:
Al Kroontje
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation 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.
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, including statements pertaining to the drilling program, may
include 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.