San Lorenzo Gold Corp.: New Assay Results from Cerro Blanco Gold/Copper Porphyry Target
Calgary, Alberta – San Lorenzo Gold Corp. (San Lorenzo or the Company), a Canadian mineral exploration company with a focus on precious and base metals projects, is thrilled to unveil the assay results from the second and third drill holes at its Cerro Blanco gold/copper porphyry target. This significant discovery is situated within the Company’s flagship Salvadora property, located in the Antofagasta Region of Chile.
Drill Results Highlight Significant Gold and Copper Intercepts
The second drill hole, CB-23-011, intercepted 138.7 meters of 0.43 g/t gold and 0.19% copper, starting from a depth of 128 meters. This interval includes an impressive gold-copper mineralized zone of 55.4 meters grading 0.61 g/t gold and 0.31% copper, from a depth of 144.6 meters. The third drill hole, CB-23-012, encountered 171.2 meters of 0.29 g/t gold and 0.12% copper, starting from a depth of 119.5 meters.
The Impact on San Lorenzo and the Mining Industry
These impressive drill results mark a substantial step forward for San Lorenzo in advancing the Cerro Blanco gold/copper porphyry target. With these encouraging assays, the Company is optimistic about the potential for a large-scale mineral deposit. This discovery could significantly enhance San Lorenzo’s portfolio and boost its market value.
The mining industry, especially the gold and copper sectors, stands to benefit from San Lorenzo’s findings. The demand for these metals continues to rise due to their essential role in various industries, including technology, infrastructure, and energy. With the increasing scarcity of these resources, discoveries like Cerro Blanco become crucial for meeting the growing demand.
The Wider Implications
Beyond the mining industry, San Lorenzo’s discovery could have broader implications for the Chilean economy. Chile is the world’s leading copper producer and the fourth-largest gold producer. The potential development of the Cerro Blanco gold/copper porphyry target could create jobs, stimulate economic growth, and contribute to the country’s ongoing efforts to diversify its economy.
Looking Ahead
San Lorenzo plans to continue its exploration efforts at Cerro Blanco and the wider Salvadora property. The Company aims to further delineate the extent and grade of the gold and copper mineralization, potentially leading to a resource estimate and the commencement of a feasibility study. Stay tuned for updates on this exciting exploration project.
- San Lorenzo Gold Corp. reports impressive drill results from Cerro Blanco gold/copper porphyry target.
- The second and third drill holes intercepted significant gold and copper mineralization.
- These findings could significantly advance the Cerro Blanco project and enhance San Lorenzo’s portfolio.
- The mining industry, particularly gold and copper sectors, stands to benefit from this discovery.
- The potential development of Cerro Blanco could contribute to the Chilean economy and create jobs.
- San Lorenzo to continue exploration efforts at Cerro Blanco and Salvadora property.
Conclusion
San Lorenzo Gold Corp.’s recent drill results from the Cerro Blanco gold/copper porphyry target represent an exciting development for the Company and the mining industry as a whole. The significant gold and copper intercepts in the second and third drill holes indicate the potential for a large-scale mineral deposit. This discovery could boost San Lorenzo’s market value and contribute to the ongoing demand for these essential metals. Furthermore, the potential development of Cerro Blanco could have broader implications for the Chilean economy, stimulating economic growth and job creation.
San Lorenzo plans to continue its exploration efforts at Cerro Blanco and the wider Salvadora property. The Company aims to further delineate the extent and grade of the mineralization, potentially leading to a resource estimate and the commencement of a feasibility study. Stay informed about this exciting exploration project as it unfolds.
