Discovery Hole Drilled At The Cerro Blanco Gold-Copper Target

CALGARY – San Lorenzo Gold Corp. reported on the first of 3 recently drilled holes on its Cerro Blanco gold/copper porphyry target as well as partial results from the first of 3 holes recently drilled on its Arco de Oro epithermal gold target. Cerro Blanco and Arco de Oro are targets located within San Lorenzo’s flagship Salvadora property in Chile.

CEO, Al Kroontje, said, “It’s extremely gratifying to be announcing a discovery hole with our first drill test of Cerro Blanco, a target management has had high conviction about.  Cerro Blanco is a very large target and we’re just scratching the surface with the three reconnaissance holes in the current program.  Arco do Oro has, again, generated results that confirm the robustness of this large, high-grade gold system.  Arco has the scale to contain a large resource.  San Lorenzo is fortunate to control a property that has not one or two, but five high quality target areas.  We plan to expand on our exploration efforts to advance this high-quality project.”

Cerro Blanco is a two-by-two kilometer area of coincident copper/gold soil and rock geochemistry, IP chargeability and exposed lithocap that San Lorenzo believes overlays a mineralized porphyry center.  Cerro Blanco has never been drilled before.  Mineralization in hole 01-24 continued to the bottom of the hole, indicating the mineralized system remains open to depth.

Terence Walker, VP of Exploration, said, “The initial drill program on Cerro Blanco was designed as a widely spaced first pass recon program.  It was intended to confirm the company's opinion that the coincident strong surface copper and gold sample values, the alteration types observed in the local intrusive and volcanic rocks and the underlying IP/Chargeability anomalies are part of a local gold/copper enriched porphyry deposit similar to those at the nearby El Salvador mine complex. These assays results indicate the hole’s position in the outer margin of a porphyry deposit, and we feel extremely fortunate to have received such significant results from the very first hole drilled on this exciting target. The assay results correspond exceedingly well with our IP interpretation which reinforces our belief that IP will continue to be a valuable tool during future drilling.”