Northwire Canada EditionFriday, July 10, 2026
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AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1%
Drill Results Material +

San Lorenzo Expands Land Position at Salvadora's Cerro Blanco Target

Expanding the Porphyry Footprint in Chile’s Premier Copper-Gold Belt

By The Northwire Desk — AI Analysis Mar 19, 2026 · 08:10 SLG · 2.6 San Lorenzo Gold Corp.
Executive Summary

The most recent news (March 19, 2026) details a significant land expansion at the Salvadora property in Chile. San Lorenzo Gold Corp. (SLG) has entered into a binding Letter of Intent (LOI) with Mirasol Resources Ltd. to option the 2,000-hectare Rubi Project and acquired an additional 900 hectares through delinquent claims. This increases the Cerro Blanco target area by 2,900 hectares. To earn a 70% interest in Rubi, SLG must pay US$1.55M over three years and spend US$650,000 on exploration. They maintain further options to reach 100% ownership for an additional US$4M. This follows the March 5, 2026, closing of a massive $20M private placement.

Material Impact

The impact is Material - Positive. - Strategic Consolidation: The acquisition of the Rubi Project is a logical and aggressive expansion. Previous drilling at Rubi showed 200m intervals of anomalous copper/moly, suggesting it is part of the same large-scale porphyry system SLG is currently drilling at Cerro Blanco. - Validation of Scale: By committing millions in future payments to Mirasol, management is signaling high confidence that the "litho-cap" at Cerro Blanco is the surface expression of a major copper-gold porphyry system. - Financial Strength: The timing is critical; SLG just moved from a "penny stock" environment (trading at $0.12–$0.62 in 2025) to raising $20M at $2.51–$2.64 per unit. This provides the "war chest" necessary to meet the Mirasol expenditure requirements and conduct deep diamond drilling. - Risk Mitigation: While the payments are significant, the deal is structured as an option, allowing SLG to walk away if drilling results do not justify the US$4M total price tag.

SLG · Price
Company Overview

San Lorenzo Gold Corp. is focused on the Salvadora Project in Chile, located 15km from the massive El Salvador copper-gold mine. The project features two distinct styles of mineralization: - Arco de Oro: A high-grade epithermal gold vein system (e.g., 11.1m at 3.78g/t Au). - Cerro Blanco: A large-scale porphyry copper-gold target characterized by a massive alteration "litho-cap."

Read the original news release →

More from San Lorenzo Gold Corp.

Jun 29, 2026 · 08:10

San Lorenzo’s shallow high grade epithermal hits extend the Arco de Oro strike while porphyry bulk targets remain the primary exploration focus.

Drill Results Jun 04, 2026 · 08:00

San Lorenzo Reports Final Assay Results from Hole SAL 10-25 with Drilling Ending in Porphyry Style Mineralization at the Arco de Oro Target

Drill Results May 08, 2026 · 08:30

San Lorenzo’s 3.9 km step‑out hits porphyry‑scale gold at Arco de Oro; Hole 10’s 102.3 m of 1.33 g/t Au signals a system far larger than previously imagined.

Drill Results Mar 19, 2026 · 10:10

Amended: San Lorenzo Expands Land Position at Salvadora's Cerro Blanco Target

Drill Results Mar 19, 2026 · 07:00

Mirasol Signs LOI for the Sale of the Rubi Copper Project for US$4 Million Plus 2% NSR Royalty

M&A / Property Mar 05, 2026 · 17:59

San Lorenzo closes $19.99-million in private placements

Financings