- San Lorenzo Gold (TSXV:SLG) begins Phase 4 drilling program at Salvadora project in Chile
- The program will expand the discovery hole, SAL 03-22, which was drilled during the 2022 summer drilling program
- The hole encountered significant porphyry style mineralization returning grades of 1.4 g/t gold over 122 metres
- The Phase 4 program will target 2,000 metres of drilling for up to six holes
- Shares of San Lorenzo Gold (TSXV:SLG) are unchanged at C$0.05
San Lorenzo Gold (TSXV:SLG) has begun a Phase 4 drilling program at its Salvadora Project in Chile.
Drilling will take place on the Caballo Muerto Zone. The program will expand on the discovery hole SAL 03-22 drilled during the 2022 drilling program.
The hole encountered significant porphyry-style mineralization and returned 1.4 g/t gold grades over 112 metres.
The Phase 4 program is planned for up to 2,000 metres of drilling for six holes.
“The 2022 CMZ Zone drill program achieved a major milestone returning a discovery hole that cut a copper-gold bearing porphyry alteration system on the Salvadora property,” Terry Walker, VP of exploration at San Lorenzo, said in a statement.
Walker added that hole SAL 03-22 is similar to the copper-gold porphyry deposits in the Andean Mega Porphyry Copper Belt in Chile.
“Not only do we intend to test the areal extent of the significant grades, we also intend to obtain grades at shallower depths where our previous surface geo-chem suggests that mineralization continues right to surface,” he added.
Walker explained that the CMZ zone is representative of several porphyry targets at the project thanks to its surface alteration, copper-gold enrichment in soil and continuous chip samples completed by induced polarity surveys done at the project over the past three years.
Headquartered out of Calgary, Alberta, San Lorenzo Gold is focused on advancing mineral properties, including its three 100 per cent owned properties in Chile.
Shares of San Lorenzo Gold (SLG) are unchanged at C$0.05.
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