On June 4, 2026, San Lorenzo Gold Corp. (SLG:TSXV; SNLGF:OTCMKTS) released the remaining assay results from Hole SAL 10-25 at its San Juan northwest extension of the Arco de Oro project in Chile. Previous results from Holes 9 and 10, showing intercepts of porphyry-style mineralization, were announced on May 8, 2026, and can be found here. Those results showed 102.3 meters of 1.33 g/t gold, but new results include additional deeper intercepts throughout the 574-meter drill hole, including "52.6 meters of 1.67 g/t gold, 48.0 meters of 0.91 g/t gold, and ending in mineralization of 65.0 meters of 0.81 g/t gold." Silver and copper were also found within the samples.
Both Holes SAL 10-25 and SAL 09-25 were step-outs from the company's previous core-zone drilling at Arco de Oro and were designed to test the significant IP anomaly evident on IP line D8 discovered during the company's 2025 drill program.
In the release, San Lorenzo's VP of Exploration, Terence Walker, said: "It is gratifying — and exciting — that the mineralization that started at approximately 84 meters continued right to the bottom of Hole 10, which was drilled to 574 meters. The porphyry style mineralization, with grade, that was observed to the bottom of the hole, reinforces my belief that we are in a significant system at Arco de Oro. The system appears much larger than suggested by our early efforts at Arco — efforts that were focused on the shallower upper portion of the epithermal system that extends to surface. With these holes, it appears that we have penetrated the upper gold-rich section of a mineralized porphyry copper-gold system. Immediate follow-up drilling is required to delineate the intrusive complex that hosts the system discovered in these holes."
Walker then said: "Visual indications from the SAL 10-25 core indicate that potassic alteration continues to strengthen and dominate towards the bottom of the hole, containing significant multi-directional pyrite-chalcopyrite rich veins within essentially dioritic intrusives and dykes, indicating multi-episodic mineralization events in a gold-rich porphyry copper-gold setting."
Finally, CEO of San Lorenzo, Al Kroontje, commented on the system as a whole, saying: "It shouldn't be forgotten that IP line D8 hosts additional chargeability anomalies that must also be drilled. If they prove out, the system has the potential to host significant width in addition to strike that may exceed 6 km in length. I am pleased that with the additional capital available to us at San Lorenzo, we will expand our exploration efforts to include testing numerous IP anomalies that we've known about for many years — anomalies identified in various IP programs that San Lorenzo undertook between 2012 and 2018."
San Lorenzo is a gold-copper exploration company focused on its flagship Salvadora property in Chile's mega-porphyry belt.
Gold Sector Holding Against Global Uncertainty
Gold remains a safe haven asset but is still vulnerable to fears of inflation and geopolitical uncertainties, as has been evidenced by the ongoing war between the U.S. and Iran.
A May 29 article by Investing.com discussed how these tensions are affecting the metals markets, saying, "In the current environment, investors are increasingly worried that higher oil and energy costs linked to the Middle East crisis could fuel broader inflation pressures, forcing the Federal Reserve to maintain restrictive monetary policy." Often immune to stock fluctuations due to its critical usage needs, renewed suspicion of U.S. tariffs on China's copper exports has also caused the rates to drop. A strong U.S. dollar, a good employment report, and the 10-year Treasury yield holding strong have also created bad news for spot gold prices.
However, the gold market opened strong on June 9, 2026, up 0.20% at US$4,338.80, after taking a tumble over the past week.
Gold surged to a record high earlier in the year, hitting a high of US$5,000 per ounce in January, and many expect the rally to resume once international conflict cools down. In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."
Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.
Analyst Increases Target Price and Target Size
On June 4, 2026, analyst Patrick Streater of Argonaut reiterated a "Speculative Buy" rating and raised its price target to CA$13.40 for San Lorenzo, noting "significant scale emerging at San Juan." The analyst argued that finding positive drill results along strike and establishing continuity will be key for the company.
Streater wrote, "We increase our San Juan Exploration target size from 2.0Moz to 3.5Moz, which lifts our price target from CA$12.70 to CA$13.40. Speculative Buy rating maintained. Drilling at San Juan continues to demonstrate a material discovery to add to existing discoveries at Cerro Blanco, Arco 'Core Zone,' and Caballo Muerte. Should drilling demonstrate only 300m-400m of strike continuity at San Juan, we estimate it's likely the Salvadora project will deliver a ~10Moz resource."
Streetwise Ownership Overview*
San Lorenzo Gold Corp. (SLG:TSXV;SNLGF:OTCMKTS)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 12/29/20 | TW.P | 1.5 | SLG | 1 |
Multiple Projects in the Pipeline
San Lorenzo has submitted the permitting material for the upcoming Phase 7 drilling program at Salvadora, with pad construction, followed by rig mobilization, expected to begin imminently.
The company's investor presentation listed near-term catalysts as further drilling and IP testing at its Cerro Blanco and Arco de Oro projects. At Caballo Muerto, San Lorenzo aims to continue drilling in order to ". . . delineate the higher-grade intercept of 3.6 m Au (gold) over 35 meters."
At Tres Amigos, the company will drill to confirm strike and test potentially promising IP anomalies.
Ownership & Share Information1
San Lorenzo Gold Corp. has a market cap of CA$461.71 million, with 103.76 million shares outstanding. The company's 52-week range is CA$0.20-CA$5.97.
Institutions own 0.14% of shares, while Management & Insiders own 16.99%. The remaining 82.87% of shares are held by Retail.
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Important Disclosures:
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
