Key Takeaways
- San Lorenzo Gold identified an approximately 2 km gold-bearing structural corridor at its Salvadora project in Chile.
- Reconnaissance samples from the Quebrada Salada corridor returned gold values of up to 12.80 g/t.
- New IP data at San Juan shows sizeable chargeability responses and supports plans for stepout drilling between existing survey areas.
- San Lorenzo is building a 3-D model from about a decade of geophysical data to help guide exploration across Salvadora.
- Drilling is underway at Cerro Blanco to follow up on previously reported gold mineralization.
New IP Data Expands San Juan Drill Targets
On September 17, 2026, San Lorenzo Gold Corp. (SLG:TSXV; SNLGF:OTCQB) provided an exploration update from its 11,962-hectare Salvadora project in Chile's Atacama region, reporting the identification of an approximately 2 km (kilometer) gold-bearing structural corridor at Quebrada Salada. According to the company, geological mapping and surface sampling identified multiple subparallel felsic dykes and iron oxide-quartz vein zones along the north-to-northwest-trending corridor, with reconnaissance samples returning gold (Au) values of up to 12.80 g/t. The mineralized structures are located near the eastern margin of existing induced polarization (IP) survey coverage, where several chargeability responses have also been identified.
At the San Juan discovery, San Lorenzo has incorporated new IP lines D10 and D11 into its interpretation of the area, expanding on the previous D8 and D9 surveys. The company said the expanded data set shows sizeable chargeability responses across lines D8 through D11, including a broad response on D9, approximately 500 meters (m) from the D8 discovery area. Previous drilling at San Juan returned broad gold mineralization, including 102.3 m grading 1.33 g/t Au and 52.6 meters grading 1.67 g/t Au in hole SAL-10-25. San Lorenzo is planning systematic stepout drilling between D8 and D9 to test the ground that remains undrilled.
The company is also compiling approximately a decade of geophysical data from across roughly 18 kilometers of the Salvadora property into an integrated 3-D model. The work is intended to improve interpretation of the property's subsurface geology, support drill planning, and help identify and prioritize additional exploration targets. At Cerro Blanco, meanwhile, San Lorenzo has begun drilling under its permitted 20-pad program to follow up previously reported gold mineralization, including a 153.5-meter interval grading 1.04 g/t Au.
San Lorenzo said the next steps at Quebrada Salada include expanding geological and geophysical coverage to determine whether the surface gold-bearing structures are connected to a larger mineralized system at depth. At San Juan, the company is advancing drill planning based on the expanded IP data, while the 3-D geophysical compilation continues across Salvadora. The company noted that the Quebrada Salada samples were selective reconnaissance samples and may not represent the overall grade or continuity of mineralization.
Analyst Patrick Streater of Argonaut reiterated a "Speculative Buy" rating and raised its price target to CA$14.90 for San Lorenzo.
Brandon Gaspar, CEO of San Lorenzo, commented: "What excites us most about Salvadora is how much opportunity still sits in front of us. San Juan has already demonstrated the value of using IP to identify blind mineralized systems, and Quebrada Salada is now emerging as another compelling target with approximately two km of gold-bearing structures, historic workings, and nearby chargeability responses that remain untested. As we continue to advance our known discoveries, we are building a pipeline of new exploration targets across Salvadora that we believe will help demonstrate the broader potential of the district. With large areas of the property still lightly explored, we believe there is substantial room for further discovery — and in many respects, we're just getting started."
Terence Walker, VP of Exploration, commented in the release: "We are very encouraged by what we are seeing at Quebrada Salada. The combination of gold-bearing structures, felsic dikes, and nearby chargeability responses fits well with the exploration model we have been developing across Salvadora. San Juan demonstrated the value of using IP to identify blind targets, and the D9, D10, and D11 surveys are now giving us a much broader picture of the geophysical system surrounding that discovery. Quebrada Salada is at an earlier stage, but it has many of the geological features we look for and warrants systematic follow-up."
San Lorenzo is a gold-copper exploration company focused on its flagship Salvadora property in Chile's mega-porphyry belt.
Exploration Spending Follows Gold Market Conditions
Junior miners and exploration companies hit the ground running this year after gold rallied to above US$5,500 per ounce in January. Many companies chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, prices are still up 18% compared to September 2025.
Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts — a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold's momentum and lift it back towards US$4,500/oz or above."
On September 18, 2026, Trading Economics reported that gold was trading at approximately US$4,383 per ounce. According to the article, "falling oil prices eased concerns over prolonged inflationary pressures." However, a stronger dollar following the Federal Reserve's recent interest-rate hike has limited gold's gains. Investors are now watching the metal as further rate hikes are anticipated to come in the next month.
However, the metals sector as a whole is showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has projected that its metals and minerals price index will rise 17% in 2026.
Analyst Highlights Scale Emerging at San Juan
On September 18, 2026, after the release of the latest drill results, analyst Patrick Streater of Argonaut reiterated a "Speculative Buy" rating and raised its price target to CA$14.90 for San Lorenzo, noting that "the scale potential of San Juan is impressive."
In favor of the company, Streater wrote: "SLG remains our highest conviction early-stage gold play with exploration upside that dwarfs similar staged gold stories across the ASX and TSX universe."
In regard to the company's stock, Robert Sinn of Goldfinger weighed in on September 17, 2026, writing: "SLG left an open gap in its wake all the way back in May. At the July lows, it briefly looked like the gap might fill, but ultimately it did not, and the uptrend prevailed. SLG's recent consolidation is textbook stuff, and today's news-driven breakout is quite fitting. It's worth paying particular attention to how well support levels worked in SLG, and once again, the rising 40-day SMA proved its value."
San Lorenzo Advances Drilling and Geophysical Programs
According to San Lorenzo's July 2026 investor presentation, the upcoming exploration program at San Juan is expected to include 20 drill holes using a second drill rig, followed by resource-definition drilling. The company's presentation also identified follow-up drilling at the Maria Teresa target using a third rig, providing additional opportunities to test the broader Arco de Oro trend.
At Cerro Blanco, San Lorenzo plans to advance resource-definition drilling following its initial exploration program, while Caballo Muerto is identified for an exploration drilling program later in 2026. These programs are intended to further test the extent and continuity of mineralization across multiple targets within Salvadora. The presentation also identified drill results as part of the company's 2026 news flow.
Streetwise Ownership Overview*
San Lorenzo Gold Corp. (SLG:TSXV;SNLGF:OTCQB)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 12/29/20 | TW.P:TSXV | 1.5 | SLG:TSXV | 1 |
Ownership Information & Share Structure1
San Lorenzo Gold Corp. has a market cap of CA$788.40 million, with 109.34 million shares outstanding. The company's 52-week range is CA$0.48–CA$7.50.
Institutions own 1.78% of shares, while Management & Insiders own 16.09%. The remaining 82.13% of shares are Retail.
Frequently Asked Questions
Q: What is the Salvadora project?
A: Salvadora is San Lorenzo's approximately 11,962-hectare exploration property in Chile's Atacama region. The property covers multiple gold and copper exploration targets.
Q: What did San Lorenzo discover at Quebrada Salada?
A: The company identified an approximately 2 km gold-bearing structural corridor through geological mapping and surface sampling. The corridor contains multiple subparallel felsic dykes and iron oxide-quartz vein zones.
Q: What were the gold results from Quebrada Salada?
A: Reconnaissance samples returned gold values of up to 12.80 grams per tonne (g/t).
Q: What does a gold-bearing structural corridor mean?
A: It describes a zone of geological structures, such as fractures, faults, or veins, that contain evidence of gold mineralization. Further exploration is needed to determine the extent, grade, and continuity of any mineralized system.
Q: What are reconnaissance samples?
A: Reconnaissance samples are preliminary samples collected to investigate an area and identify potential mineralization. They are not necessarily representative of the average grade or continuity of a deposit.
Q: Why are the Quebrada Salada results considered early-stage?
A: The company said the samples were selective reconnaissance samples and may not represent the overall grade or continuity of the mineralization. San Lorenzo plans additional geological and geophysical work to determine whether the surface structures connect to a larger system at depth.
Q: What is induced polarization (IP) surveying?
A: IP is a geophysical exploration method that measures how subsurface materials respond to an electrical current. It can help identify areas that may contain sulphide minerals or other geological features of interest.
Q: What is chargeability?
A: Chargeability measures how much electrical charge subsurface materials can temporarily hold. Elevated chargeability can be associated with sulphide mineralization, although the response must be interpreted alongside geological and other exploration data.
Q: What is happening at the San Juan discovery?
A: San Lorenzo has added new IP survey lines D10 and D11 to its interpretation of the San Juan area. The expanded data shows sizeable chargeability responses across lines D8 through D11, including a broad response on D9.
Q: Why is the D9 response important?
A: The D9 response is approximately 500 m from the D8 discovery area. San Lorenzo plans systematic stepout drilling between D8 and D9 to test ground that has not yet been drilled.
Q: What previous drilling has been reported at San Juan?
A: Previous drilling included a 102.3 m interval grading 1.33 g/t gold and a 52.6 m interval grading 1.67 g/t gold in hole SAL-10-25.
Q: What is stepout drilling?
A: Stepout drilling tests areas beyond known mineralization to determine whether a mineralized zone extends farther and to help establish its size and continuity.
Q: What is the Atacama region's significance for mining?
A: Chile's Atacama region is a major mining area with extensive exploration and production of metals, including copper and gold.
| Want to be the first to know about interesting Gold investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
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.
For additional disclosures, please click here.
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.
