Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

San Lorenzo Gold Provides Drilling Update at Cerro Blanco and Advances San Juan Exploration

By The Northwire Desk — AI Analysis Nov 12, 2026 · 07:15 SLG · 5.92 San Lorenzo Gold Corp.
SLG · Price

San Lorenzo Gold Corp. (SLG) has provided an operational update on its Salvadora Project in Chile, detailing the advancement of diamond drilling at Cerro Blanco and preparations for new exploration at San Juan. This update follows the recent closing of a C$80 million financing on November 10, 2026, which strengthens the company's balance sheet to support a multi-rig exploration program. As of November 4, 2026, two drill rigs are operating at Cerro Blanco with 1,818 metres drilled across four completed holes, with initial assay results expected in the coming weeks.

At Cerro Blanco, two diamond drill rigs are currently operating. A total of 1,818 metres have been drilled as of November 4, 2026, across four completed holes: CB-01-26, CB-02-26, CB-03-26, and CB-04-26. Three of the four completed holes exceeded planned depths, with hole CB-04-26 reaching 513 metres, exceeding the initial planned depth of 350 metres. Drilling has expanded from an initial platform approximately 350 metres east of historical hole SAL-04-25 to a second platform approximately 250 metres north. Samples representing approximately 1,000 metres of drilling from the first three holes were delivered to Andes Analytical Assay laboratory in Santiago on October 24, 2026, with an additional batch received November 6.

The company has also approved the next phase of drilling to evaluate a potential northwest extension of the San Juan discovery area toward induced polarization (IP) line D11. Drilling is targeted to commence in December 2026, subject to regulatory approval (SERNAGEOMIN notification), operational readiness, and drill pad construction. The program aims to test a geophysical trend extending approximately 1.5 kilometres northwest from discovery holes SAL-10-25 and SAL-09-25.

Historical mineralization at Cerro Blanco includes substantial intervals such as 153.5m at 1.04 g/t Au from hole SAL-01-24, 85.7m at 1.02 g/t Au from hole SAL-02-24, and 132.2m at 1.09 g/t Au from hole SAL-04-25. At San Juan, previous holes identified 102.3m at 1.33 g/t Au and 52.6m at 1.67 g/t Au from hole SAL-10-25, as well as 58.5m at 1.07 g/t Au and 60.3m at 1.01 g/t Au from hole SAL-09-25.

San Lorenzo is expanding its technical and operational capabilities, including geological personnel, core logging, and sampling infrastructure, to support sustained multi-rig drilling across the approximately 12,000-hectare Salvadora property. Eric L. Hanson, P.Geo., Senior Geologist, has reviewed and approved the scientific and technical information. He notes that previous VP of Exploration Terence Walker did not maintain required professional registration during the relevant period, but Mr. Hanson confirmed no material corrections to historical information are required.

Brandon Gaspar, CEO, stated: “With our financing complete, two rigs operating at Cerro Blanco and preparations advancing for drilling at San Juan, San Lorenzo is entering a new phase of exploration at Salvadora. Our strengthened balance sheet gives us the flexibility to scale our activities in a disciplined manner... Our objective is not simply to drill more metres, but to follow the geological evidence, systematically evaluate Salvadora’s potential and allocate capital where we believe it can create the greatest long-term shareholder value.”

Terence Walker, VP of Exploration, added: "Our initial drilling at Cerro Blanco identified thick intervals of gold mineralization that remain open in all directions. What we’re doing now is stepping out to understand the system around those intervals... I'm also particularly excited about returning to San Juan, where the scale and strength of the IP anomaly northwest of our discovery holes presents a compelling target for systematic step-out drilling."

Read the original news release →

More from San Lorenzo Gold Corp.

Nov 10, 2026 · 13:46

San Lorenzo closed a C$80m private placement at C$5.30 per share, resulting in a 12% dilution with no warrants or new geology.

Financings Oct 29, 2026 · 12:24

San Lorenzo broadens its investor base for an $80 million financing round for its Chile gold project.

Financings Oct 16, 2026 · 06:44

San Lorenzo raised $40 million at $5.30 per share warrant-free to fund its Salvadora project.

Financings Sep 17, 2026 · 07:01

San Lorenzo identified a new 2km gold corridor expanding the San Juan target footprint at its Salvadora project.

Drill Results Aug 04, 2026 · 09:01

San Lorenzo appointed Brandon Gaspar as CEO while expanding the Arco de Oro target with a 1.2 km IP chargeability anomaly.

Drill Results 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