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San Lorenzo Gold Corp V.SLG.RT


Primary Symbol: V.SLG Alternate Symbol(s):  SNLGF

San Lorenzo Gold Corp. is a Canada-based company engaged in the business of exploring for and advancing mineral properties. The Company is focused on exploring for gold, copper, silver, and cobalt. The Company 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. The Salvadora Project consists of about 25 exploration concessions and nine exploitation concessions totaling 8,796 hectares (ha). Nancagua is a high grade mesothermal gold-silver prospect and has six linear kilometers (km) of veins. The Nancagua Property is located approximately 120 km south of Santiago, Chile. Punta Alta is an IOCG prospect with related disseminated and vein style high grade copper-gold-silver-cobalt mineralization. The Punta Alta property consists of seven exploration concessions totaling approximately 2,000 ha.


TSXV:SLG - Post by User

Bullboard Posts
Post by zorgon1on Sep 03, 2010 3:53pm
722 Views
Post# 17413941

Union Securities Update

Union Securities UpdateFrom Verbonic on Aug 30th
https://www.union-securities.com/CMResearchFiles/1_135_Sterling08302010.pdf


The revised valuation awaits water contact info I gather.

"Results have exceeded expectations, and appear to indicate commerciality of the field. The next appraisal
drilling will be drilled downdip to detect the oil water contact.
Resource estimates of the oil place on a P50 basis, indicate 30 million contingent gross barrels and 60
million prospective barrels; or almost 36 million barrels net to Sterling. At the end of 2009, Sterling had
2P reserves of 32.5 million barrels worth $12.91/b, giving them an asset value of $3.39 per share. It is
too early to estimate what might be booked for this year at Cladhan, but obviously there should be a
meaningful addition to asset value.
We maintain our Strong Buy recommendation and target of $3.00.
Bullboard Posts