San Lorenzo Gold Appoints Brandon Gaspar as CEO and Provides Exploration Update

San Lorenzo Gold Corp. announced that Brandon Gaspar, a mining-operations and capital-markets professional, will become CEO effective September 1, 2026, while co-founder Al Kroontje moves to the role of Executive Chair.

At the Arco de Oro project, Induced Polarization (IP) line D9 has outlined a 1.2 km-wide chargeability anomaly. This feature is materially wider and stronger than the anomaly on line D8 and is interpreted as a strike extension of the mineralized system tested by holes SAL-09-25 and SAL-10-25.

The company is launching a fully permitted 20-hole drill program at Cerro Blanco, with a second rig planned for Arco de Oro. San Lorenzo Gold reports a cash balance of approximately C$23 million. Additionally, Gaspar was granted 525,000 options struck at $4.75.

San Lorenzo Gold Corp. (SLG) announced a planned leadership transition, with Kroontje retaining strategic oversight. Gaspar’s background in mine operations and capital markets aligns with the company’s shift from pure discovery toward resource definition. The market was already aware of the succession, as the outgoing CEO had previously signaled the need for operational scaling.

The company reported a 1.2 km-wide IP anomaly on Line D9, which extends the known chargeability footprint to the northwest and reinforces the geological model of a large porphyry-epithermal system. This geophysical feature does not include accompanying assay data. Earlier IP lines, such as D8, had already produced robust drill intercepts, making the wider anomaly on an adjacent line an expected progress update rather than a new revelation. The company had previously stated that D9 results were pending.

San Lorenzo Gold is commencing a 20-hole drilling program at Cerro Blanco and has dispatched a second rig to Arco de Oro. These actions align with the Phase 7 blueprint communicated in June 2026. No new permits or target upgrades were flagged beyond the IP data.

The company holds $23 million in cash, confirming it is fully funded for the outlined exploration campaigns.

San Lorenzo Gold Corp. (SLG) is advancing its Salvadora project, a 11,966-hectare, 100%-owned property located in the Atacama region’s mega-porphyry belt in Chile. The main claims carry no underlying royalties. The property hosts multiple targets, including Cerro Blanco, an porphyry gold-copper deposit; Arco de Oro, an epithermal gold-silver system with deep porphyry potential; Caballo Muerto; and Tres Amigos.

The company has reported high-grade and bulk-tonnage intercepts across several drilling campaigns, with Phase 7 drilling currently underway. San Lorenzo Gold holds approximately C$23 million in cash and has a market capitalization of around C$503 million.