Business
San Lorenzo Gold -- Corporate Update
(TheNewswire) CALGARY, AB – TheNewswire - June 12, 2023 - San Lorenzo ...
About this update from San Lorenzo Gold Corp
[{"type":"text","content":"San Lorenzo Gold -- Corporate Update\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, AB –\n \n \n TheNewswire -\n \n \n June 12, 2023\n \n \n -\n \n San Lorenzo Gold Corp.\n(\"\n \n San Lorenzo\n \n \" or\nthe \"\n \n Company\n \n \")\n(TSXV:SLG\n \n )\n \n - or -\n \n (\n \n OTC:SNLGF) is pleased to provide the following\ncorporate update pertaining to its flagship Salvadora property.\n \n \n \n The Porphyry\nTarget Zone (Caballo Meurto)\n \n \n \n On Oct 5 and 17, 2022 San Lorenzo released assay results from the\nthird drilling campaign conducted on its Salvadora property –\nlocated within the Andean mega porphyry belt of Chile.  The third\ndrilling program involved the drilling of 10 holes – 7 holes into\nthe Caballo Meurto porphyry target located approximately in the middle\nof the property and 3 additional holes into the Arco de Oro epithermal\nvein system located within the southern and western property\nboundaries.\n \n \n Of significance was the drilling of hole SAL 03-22 into the Caballo\nMeurto porphyry target –\n \n a\ndiscovery hole\n \n .  Hole SAL 03-22 encountered the\nphyllic-potassic alteration zone within the porphyry system which is\nwhere the economic grades of gold and copper are encountered in the\nAndean mega porphyry belt and is similar in nature to the El Salvador\ndeposit (and mine) located approximately 15 kilometers north of the\nSalvadora property.  Hole SAL 03-22 was mineralized throughout and\nencountered 112 meters grading 1.44 grams/tonne gold which is\nsignificantly higher than a great number of the world’s largest\nporphyry deposits (\n \n 2004 – Cooke,\nHoldings and Walshe\n \n ).  The assay values are summarized in the\ntable 1 below (\n \n NR issued Oct 17,\n2022\n \n ):\n \n \n Table 1:  SAL 03-22 Assay Results\n \n \n \n \n \n Hole #\n \n \n \n \n Sector\n \n \n \n \n Intercept\n \n \n \n \n From(m)\n \n \n \n \n To\n \n \n (m)\n \n \n \n \n Width\n \n \n (m)\n \n \n \n \n Cu %\n \n \n \n \n Au g/t\n \n \n \n \n Ag g/t\n \n \n \n \n Cu% Eqv\n \n \n \n \n Au g/t Eqv\n \n \n \n \n \n \n SAL-03-22\n \n \n \n \n CMZ\n \n \n \n \n A\n \n \n \n \n 171.0\n \n \n \n \n 197.0\n \n \n \n \n 26.0\n \n \n \n \n 0.15\n \n \n \n \n 0.13\n \n \n \n \n 0.4\n \n \n \n \n 0.24\n \n \n \n \n 0.34\n \n \n \n \n...